Target February sales figure up 7 percent
The retailer Target said Thursday a key sales figure rose 7 percent in February as more people came to its stores and spent more on core categories such as food and health care products.
View ArticleTarget, Macy’s sales trail estimates after early Easter
Target Corp. and Macy’s Inc. posted April same-store sales that trailed analysts’ estimates as the earlier Easter holiday pulled sales into March and cooler weather cut mall traffic.
View ArticleJust Sold: Construction starts on retail buildings near new Target
A day after the new Argenta Hills Target store in Inver Grove Heights celebrated its grand opening, crews starting work nearby on three multitenant retail buildings that are part of the next phase of...
View ArticleWith loans to developers, all was usually forgiven
Even though a goal of the state law was to create construction jobs, 13 of the 17 projects receiving forgivable loans either did not keep track of jobs or did not have the information readily...
View ArticleCounting construction jobs proves difficult
So how many hard-hat jobs did Minnesota’s two-year “temporary authority to stimulate construction” actually create? Some cities kept track, but the law didn’t require it.
View ArticleBurnsville Kohl’s sold for $12.8 million
The sale of the 102,412-square-foot building closed Jan. 8. But the certificate of real estate value for the transaction did not become public until Wednesday.
View ArticleTarget says 1Q profit will be short of outlook
Target says its first-quarter adjusted profit will likely come in slightly below its forecast because of weaker-than-expected sales of seasonal and weather-sensitive items.
View ArticleDEED’s Sieben touts jobs momentum
By almost any measure, Katie Clark Sieben’s political career has had a meteoric rise from serving as Gov. Mark Dayton’s campaign finance director to now serving as commissioner of the Department of...
View ArticleRetail centers shopping for higher rents
Empty retail space throughout the Twin Cities is disappearing and landlords are hoping that leasing momentum will give them the power to once again raise rents.
View ArticleExcess retail space recycled
The Twin Cities area is saying goodbye to obsolete retail space and hello to new tenants that run the gamut from mini-storage to laser tag arenas.
View ArticleJust Sold: Fine aims to turn nursing home into upscale rentals
An entity dubbed 22 on the River LLC has paid $847,500 in cash for the recently vacated 97,055-square-foot nursing home from the Evangelical Lutheran Good Samaritan Society.
View ArticleSweet dreams for East Lake Street
Could East Lake Street in Minneapolis become the next Grand Avenue? A new vision is forming to stimulate growth along a 2-mile section of East Lake Street, from Hiawatha Avenue to the Mississippi River.
View ArticleDollar stores open wallets for expansion
Hundreds of new dollar stores are in the pipeline nationwide, and the top three dollar stores chains — Dollar General, Family Dollar and Dollar Tree — are continuing to expand their presence in the...
View ArticleXcel recommends 20 projects for grants
The company announced Monday that it will seek permission from the Minnesota Public Utilities Commission to award the grants, which would go to projects along Central Corridor in St. Paul and at the...
View ArticleTarget, other retailers take on Silicon Valley
Target, Kohl’s and QVC are among a half dozen retailers opening technology test labs in the San Francisco area to do things like improve their websites and create mobile shopping apps.
View ArticleSustainable: A big jump in Energy Star buildings
The number of Twin Cities’ properties that have been certified Energy Star by the federal government program has more than doubled since 2009.
View ArticleTarget tech chief resigns as it overhauls security
Target told The Associated Press that Beth Jacob, who has overseen everything from Target’s web site to its internal computer systems as chief information officer since 2008, has resigned.
View ArticleCanada gives U.S. retailers the cold shoulder
A year after opening more than 100 stores north of the border, Target has found business isn’t so easy.
View ArticleU.S. retail sales up strong 1.1% in March
U.S. retail sales in March rose by the largest amount in 18 months, led by strong gains in sales of autos, furniture and a number of other products.
View ArticleWill misfit Rainbow stores find buyers?
Roundy’s Inc. has entered into a $65 million agreement to sell 18 Rainbow stores around the Twin Cities, leaving an uncertain future for nine other locations.
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