Hubert Joly doesn’t think that there are a lot of consumers who visit Best Buy stores only to view products and then buy them online at lower prices.
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The Minnesota Vikings’ valuation climbed 22 percent year-over-year to $975 million, ranking it 22nd among NFL teams.
The stores, none of which are in Minnesota, are expected to close by late February; the company declined to disclose the number of affected workers.
The two companies were also named to Forbes’ inaugural list last year, but their rankings dropped this year.
Northern Oil and Gas has reportedly been riding high on the recent oil-production boom in western North Dakota and Montana.
The new Cherrywood Pointe community in Roseville offers assisted living to seniors; United Properties said it hopes to add more assisted-living developments but doesn’t yet have definitive plans.
Best Buy’s new CEO Hubert Joly has outlined some initial plans but said his blueprint for turning the business around will come in several installments; meanwhile, some analysts think he could remain in the top spot even if a private takeover were to occur.
Canterbury CEO Randy Sampson expects a “double-digit” revenue increase in the third quarter of this year and expects full-year revenue to exceed the $40.6 million reported last year.
The Minnesota Housing Partnership also found that about half of Minnesota renters paid more than they could afford for their homes in 2010.
After the Department of Justice threatened to sue, 3M Company and Avery Dennison Corporation said that they will address antitrust concerns in order to receive regulatory clearance for 3M’s proposed acquisition of Avery Dennison’s office products unit.
New York Mills-based Lund Boat Company and its parent company reached a settlement with the federal government over alleged hiring discrimination; the companies admitted no wrongdoing.
Lennar is adding “home-within-a-home” floor plans to its Minnesota product lineup; the company said it is tapping into a growing trend of multiple generations living together.
The fair attracted 1,788,512 people this year—up 1 percent from last year’s attendance and narrowly missing the all-time record set in 2009.
The Nicollet Mall property hopes to transform itself into a luxury hotel that will compete with the Hilton Minneapolis and the Hyatt Regency Minneapolis—and that will attract more corporate travelers during the work week.
Construction of 36 Park, a 192-unit luxury apartment building, is expected to be completed in March.
Buffalo Wild Wings isn’t the first Minnesota company expanding to western North Dakota, where oil production has spiked in recent years.