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Black Fri. Controversy Continues; Target Says Many Want to Work

A Target employee just delivered a petition with more than 250,000 signatures to Target’s corporate headquarters and wants the retailer to reconsider its plan to open stores on Thanksgiving; but Target claims that many employees wanted to work on the holiday and that hundreds of stores have lists of volunteers waiting for shifts to open up.

Tourism

Best Buy Website Crashes During Pre-Holiday Sale

The site was reportedly down for about an hour on Monday morning, and some customers got stuck online waiting for purchases to go through.

Tourism

Twin Citians Plan 10% Boost in Holiday Spending

An annual study found that Twin Cities residents plan to spend $773 per household on holiday gifts this year, up from $703 last year.

Tourism

Target’s Profit Climbs 15%; Co. Optimistic About Holidays

The retailer’s third-quarter financial results benefitted from the planned sale of its credit-card business; meanwhile CEO Gregg Steinhafel offered a positive outlook going into the important holiday shopping season.

Tourism

Target Criticized for 9 p.m. Thanksgiving Store Opening

A company executive said that opening stores on the evening of the holiday will create an “after-dinner shopping event that the entire family can enjoy”—but more than 190,000 people have signed an online petition protesting the decision.

Tourism

Best Buy Names Sharon McCollam CFO

Best Buy, which has been restructuring its leadership team under CEO Hubert Joly, said that former Williams-Sonoma Chief Financial Officer Sharon McCollam will succeed outgoing CFO James Muehlbauer.

Tourism

Target Offers 3rd-Party Product Reviews In-Store, Online

Roughly 25 products in Target stores nationwide and more than 300 products on Target’s website now feature reviews written by editors at technology news website CNET.

Tourism

Northern Tool to Pay $215M for 2 Cos., Boost Sales to $1.5B

The Burnsville-based retailer expects that the acquisition will make it a nearly $1.5 billion company.

Tourism

Target to Close Four Underperforming Stores

The retailer, which has announced plans to open 10 new U.S. stores next year, said it will close four existing locations “after careful consideration of the financial performance” of each of them.

Tourism

Travel Leaders to Buy NY-Based Travel Agency

The Plymouth-based travel agency operator said that the acquisition will add about $850 million in total sales volume to its bottom line.

Tourism

Supervalu Subsidiary Shaw’s Lays Off 700 Workers

The layoffs are the latest in a series of job cuts this year, and they will occur at stores in New England states.

Tourism

Best Buy Tests Sharing Its Sales Floor with Other Retailers

As Best Buy attempts to turn itself around, will it begin co-inhabiting its big-box stores with other retailers? It’s currently testing the concept in Michigan.

Tourism

Target’s Oct. Sales Up, Miss Expectations

The retailer is optimistic about the holiday season even though its October same-store-sales increase of 2.4 percent was “near the low end” of its expectations and failed to meet Wall Street predictions.

Tourism

2 Downtown Mpls. Hotels Sold; 1 to Rebrand as Hyatt

The Hotel Minneapolis was sold for $46 million, and the downtown Minneapolis Comfort Suites was purchased for an undisclosed sum and will become a Hyatt Place.

Tourism

2 Twin Cities Hotels Among Midwests Top 25

Graves 601 Hotel Wyndham Grand and The Saint Paul Hotel ranked eighth and ninth, respectively, on Condé Nast Traveler’s list, which was compiled based on reader ratings.

Tourism

MN Cos. Affected by Sandy Begin Reopening Stores

Some Minnesota companies that were forced to close their East Coast locations as Hurricane Sandy hit the coast Monday reopened stores on Tuesday; meanwhile, U.S. stock markets remain closed but are expected to reopen Wednesday.

Tourism

Holiday Survey: Locals to Spend More on Gifts, Less Overall

According to an annual survey by Deloitte, local consumers plan to boost their spending on gifts by about 3 percent but decrease their overall holiday budgets by the same percentage; the majority of Twin Citians also expect the economy to improve in 2013.

Tourism

Christopher & Banks Taps Payless CEO Via as Chief Exec.

LuAnn Via, who has overseen retail brands including Payless ShoeSource, Lane Bryant, and Cacique, will attempt to return Christopher & Banks to profitability.

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