Women's apparel retailer Christopher & Banks Corporation on Friday announced plans to shutter about 100 underperforming stores-a move that will likely result in roughly 800 to 1,000 layoffs. The company,
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CEO Randy Sampson, who previously warned that the state government shutdown would negatively impact Canterbury's third-quarter results, said Friday that "the pre-tax loss of nearly $300,000 was the worst third quarter for Canterbury since our card room opened in 2000."
Two Minnesota companies-Maplewood-based 3M Company and Chanhassen-based Rosemount, Inc.,-are on Thomson Reuters' 2011 "Top 100 Global Innovators" list, which was released Tuesday. Companies that made the unranked list are world
Best Buy is revealing doorbuster deals early in an attempt to lure bargain shoppers while Target is defending itself against those upset about a midnight store opening.
The Minneapolis-based company, which owns Capella University, will inform the affected employees during the next two days.
This year, Mall of America visitors can donate to local nonprofits using laptops-and those who do will receive discounts at stores and restaurants throughout the mega mall; numerous prizes will also be awarded to various nonprofits that capture funds from donors.
Richfield-based Best Buy Company, Inc., announced Thursday that consumers can now recycle most of their old electronics at Best Buy stores for free. Until now, the electronics retailer offered free
Plymouth-based BioAmber, Inc., on Monday filed for an initial public offering; meanwhile, Bluestem Brands, which in April filed for an initial public offering, could reportedly go public as early as this week.
The firm is representing 495 fishermen who allege that they were not properly compensated under a program through which BP chartered their boats for use in cleaning up the oil spill.
James Fry and Michelle Palm-two local hedge fund managers who already faced criminal charges related to their alleged involvement in Tom Petters' multibillion-dollar Ponzi scheme-now face charges in a civil complaint filed by federal regulators.
The National Labor Relations Board found that Minnetrista-based Jimmy John's franchisee MikLin Enterprises violated labor laws when it fired six employees for engaging in union activities.
Less than a month after losing a bidding war for Renaissance Learning, Inc., Plato Learning announced that it has bought Virginia-based Educational Options, Inc, a provider of online learning tools.
The Pioneer Press reports that the Minnesota Department of Revenue and the IRS-which had sought $2.5 million in assets controlled by the receiver in the Tom Petters case-have resolved the issue.
The company announced that next year, it will double the number of current and former military members it hires-which totaled about 200 this year as of October-and will offer two weeks of paid leave each year to employees who have family members serving in the military.
Minority businesses that have more than $1 million in revenue will be eligible for assistance at the new Minority Business Development Agency, which aims to help such companies secure more than $21 million in annual contracts and more than $9 million each year in capital.
With Black Friday quickly approaching, and retail Web sites expected to be a key component in driving holiday sales, the company says it has a team working to ensure that its site is operating efficiently during the upcoming season.
In addition to the Basilica of Saint Mary, which won the popular vote in a grant contest, 12 other local historic sites also won a portion of $1 million that's being distributed as part of a national preservation program.
The window and door maker, which employs about 3,200 in Minnesota, said that the majority of the cuts will affect production workers in Bayport.