October 24, 2021

Category: Retail

What’s Behind Target’s Impressive Financial Results
Retail

What’s Behind Target’s Impressive Financial Results

As Sharon Yoo reports in this KARE11 story, Target on Aug. 22 revealed a 6.9 percent revenue increase (to $17.8 billion) in its second quarter ending May 5, compared with results from one year ago. This and its earnings results were higher than analysts had expected. Same-store sales grew by 6.5 percent, its best results […]

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Commercial Real Estate, Economy, Mining, Restaurants, Retail

For Sale: Ely, MN (Businesses)

Ely, Minn., is seeing the most amount of commercial real estate for sale all at once in more than 10 years, including several popular restaurants such as Chocolate Moose, Taste of Ely, Sir G’s Italian Restaurant and Boathouse Brewpub & Restaurant. The city’s national historic register landmark Community Center building also is being sold, for […]

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How Amazon Led to Supervalu’s Sale
Food, Retail

How Amazon Led to Supervalu’s Sale

Today it was announced Minnesota-based Supervalu has agreed to be acquired, finally throwing in the towel after years of blunders and more recently (after it was finally back in good working order) months of attack by dissident shareholders trying to take control of its board next month. It agreed to be acquired for $2.9 billion, […]

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Will Supervalu’s Leadership be Ousted Next Month?
Banking and Finance, Food, Retail

Will Supervalu’s Leadership be Ousted Next Month?

Remember how leadership of Buffalo Wild Wings was ousted last year by one investment firm before Arby’s purchased the restaurant chain? The same may occur with Supervalu this fall. The battle over who will lead the company after its Aug. 16 shareholder meeting intensified this morning as current leadership and its opponent sent mailings to the […]

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The Markets Are Down Today, But Target’s Stock is Up
Retail

The Markets Are Down Today, But Target’s Stock is Up

As of 10:20 a.m. Central Time, the S&P 500, Dow Jones and Nasdaq were down by 1.4 to 2 percent. But Target’s stock was up 1.25 percent. It’s another sign that the “$7 Billion Bet” CEO Brian Cornell took to turnaround the retailer is paying off. In early 2017, Target revealed plans to invest $7 […]

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