G. Mike Mikan said at the company’s annual meeting that Best Buy aims to curb the practice of “showrooming,” provide better customer experience, reduce its retail footprint, and focus on return on investments.
Tourism
A long-vacant Hennepin and Franklin fixture gets a makeover.
Two entrepreneurs have reportedly transformed an old Star Tribune newspaper truck into a mobile clothing retailer.
The company said it will increase its sustainable seafood selection, make the packaging of at least 50 of its owned-brand products more sustainable, boost the percentage of employees enrolled in its company health plan who are tested for diabetes, and invest in programs that help increase U.S. reading proficiency.
Some analysts are speculating that the two Minnesota-based companies, whose share prices have dropped dramatically, could be the targets of leveraged buyouts.
The coffeehouse operator is selling local band Rocket Club’s newest album at 198 of its Midwest locations.
The founder of The Beer Dabbler Twin Cities beer festivals is branching out with a new craft beer magazine called The Growler, as well as a beer merchandise store that is set to open in late summer.
Same-store sales were up 4.4 percent this month, representing a more significant jump than the 3.5 percent increase expected by analysts and “at the high end” of the company’s expected range.
Edina-based clothing retailer Hot Mama, which caters to fashion-forward moms, has grown to 30 stores in 11 states since its inception in 2004 and is on track to grow to 100 stores and generate $100 million in revenue by 2016.
Ads are the chief weapons in the tourism war, and because Minnesota’s marketing budget is tight, “the dollars we put in have to work harder,” says Ryan Olson, an account director at Colle+McVoy, the Minneapolis advertising agency that handles Minnesota’s tourism account.
Shopkick gives shoppers points when they enter a Target store, and points can be redeemed for various rewards.
Inspire your meeting attendees with nature at these six stunning Minnesota venues.
The Minneapolis–St. Paul chapter of the International Special Events Society has named its 2012 winning events.
Chino Latino, Fogo de Chao, La Belle Vie, and The Oceanaire Seafood Room are the four local restaurants that made the cut.
The Minneapolis-based retailer increased its earnings outlook by 5 cents and now expects per-share earnings in the range of $4.60 to $4.80.
The C9 Active Apparel store in San Francisco, Target's first standalone specialty store, will carry a line of athletic clothing that the retailer already sells at its regular stores.
Career website Glassdoor compiled a list of companies offering the 20 highest-rated internship programs in the country based on survey responses from current and former interns-and Target ranked 15th.
The new location at The Shoppes at Arbor Lakes in Maple Grove will be Whole Foods' sixth in the Twin Cities.