October 24, 2021

Category: Retail

Target’s $7 Billion Bet: 2 Years Later
Corporate Governance, Retail

Target’s $7 Billion Bet: 2 Years Later

Today’s Star Tribune does a nice job updating a story I wrote about a year and a half ago regarding  Target CEO Brian Cornell’s aggressive plan to invest $7 billion in the company. I’m mentioning it in case you’d like more in-depth information and perspective on the risks and efforts that were involved in what is […]

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Inside the Family Fight at Lunds Byerlys
Corporate Governance, Family Business, Grocery, Leadership, Retail

Inside the Family Fight at Lunds Byerlys

Family business expert Bill English provided some valuable, fresh perspective on the messy family fight taking place within Minnesota grocery chain Lunds & Byerlys this morning while talking with WCCO-AM radio host Cory Hepola. Here’s a recording of the conversation. Here’s an excerpt from a StarTribune story about the situation: “Kim Lund is urging the Minnesota Supreme […]

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Sears to Sell Less Apparel, Shrink Stores
Retail

Sears to Sell Less Apparel, Shrink Stores

As first predicted during an interview with WCCO-AM Jan. 18, Sears plans to apply what it’s learned from its independent Sears Hometown Stores to save its remaining company owned stores by reducing clothing and devoting more space to tools and appliances, according to the Wall Street Journal. Hometown stores are located in smaller communities such as […]

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Beware Target’s Price Switching App
Business Ethics, Retail, Technology

Beware Target’s Price Switching App

  KARE11-TV reporter Chris Hrapsky yesterday broke a significant story regarding retailer Target’s app, which changes its prices on certain items depending on whether one is inside or outside of a Target store. Consumers can end up paying hundreds more without realizing this. [Verbatim] “For instance, Target’s app price for a particular Samsung 55-inch Smart TV […]

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Will Sears Survive?
Economy, On-Air Commentary, Retail

Will Sears Survive?

Sears Holding’s creditors are suing its chairman and only possible means of staying in operation, Edward Lampert, claiming he has purposely run the company down financially to profit along the way, and make even more money through his current effort to take it out of bankruptcy. Under his reign, Sears closed more than 3,500 stores, […]

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Target Launches New, Cheaper-Yet Brand
Retail

Target Launches New, Cheaper-Yet Brand

Target this morning announced the introduction of Smartly, a new lower-priced owned brand comprised of more than 70 items, such as hand soap, paper plates, household cleaners and razors, with most items less than $2. The collection will arrive in stores and on Target.com beginning Oct. 14, 2018, and will be available year-round. It’s much like Walmart’s […]

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Target May Reject Rewards Credit Cards
Banking and Finance, Retail

Target May Reject Rewards Credit Cards

The Wall Street Journal this morning (Sept. 25) reports that Target and other large merchants including Amazon.com and Home Depot Inc. are pushing for the right to reject some rewards credit cards, which typically carry higher fees for merchants. [Verbatim] They are likely to opt out of a roughly $6.2 billion settlement Visa, Mastercard and several large banks recently reached with merchants and continue […]

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Will Best Buy Stock Rise or Fall Tomorrow?
Mobile Phones, Retail, Technology

Will Best Buy Stock Rise or Fall Tomorrow?

The Minneapolis-based electronics retailer’s stock has outperformed that of Walmart, Target and the S&P 500 during the last five and two years; only Best Buy has more than doubled in value during those time periods. The question is, can it continue, or will it begin to slide tomorrow morning when it reveals its second quarter […]

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