Target stock closed down slightly a day after the company announced several thousand employees at its Minneapolis headquarters would be losing their jobs. It’s part of a restructuring plan that the CEO is promising will change how you shop at their stores.
Twin Cities fashion retailer Len Druskin will close several stores in the coming days and weeks in a restructuring effort. In an email by Michael Druskin, president of Len Druskin, Inc., the company will close three of its nine locations in the Twin Cities – all three of which are located in Gaviidae Common in downtown Minneapolis. LD Len Druskin and LD Blues will close on Sunday, Jan. 26, and Len Druskin Man will close sometime in February.
Officials with Best Buy, Inc., announced Tuesday they’re cutting costs and eliminating 400 jobs at its Richfield headquarters as part of a restructuring plan.