The Eagan Outlet Center is nearly complete — with tenants, that is. Paragon Outlet Partners, the retail real estate development firm working on the project, announced Thursday that tenant space is now 90 percent complete.
Target is getting hit with another lump of coal this holiday season. The nation’s second-largest discount retailer said Tuesday that an unidentified number of gift cards sold over the holidays were not properly activated.
Shoppers wanting to save a few bucks can find big savings during the after-Christmas sales. According to the National Retail Federation, retail sales this holiday season were down 3.5 percent. But stores are still expected to come out ahead for the year, thanks in part to post-Christmas deals.
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With weather not posing a problem, shoppers flocked to their neighborhood malls and stores on Saturday to finish or, in many cases, begin their holiday shopping. According to retail analysts, Saturday is expected to be the busiest shopping day in the shortened season. And with just three days remaining until Christmas Day, many are finding deep discounts as retailers try to trim inventories. And it’s not just people getting presents under the tree. Leah Goldade of Lulu and Luigi’s Pet Boutique says business is brisk.
Mixing work with family can be tough for a married couple. But one duo seems to have done it, building a booming business despite very limited experience. “I didn’t have a retail background and I opened up a store called Hot Mama,” said Megan Tamte, the founder and CEO of Hot Mama. “I think those are two things right there that set you up for a lot of naysayers.” But Tamte has been proving those naysayers wrong for nine years. The third grade teacher turned business mogul was recently named Ernst and Young’s Midwest Entrepreneur of the Year. So Amelia Santaniello sat down to talk to her about building a business, with kids, without any experience, and with her husband as a partner. Watch them getting ready for a family dinner, and you can tell that Megan and Mike Tamte know how to work together. They preach teamwork to 16-year-old Allison and 13-year-old Roian, and say it’s one of the secrets to their success in an unexpected business.
Ahead of Black Friday, workers at Brookdale Shopping Center’s Walmart walked off the job Monday with the support of dozens of other retail workforce activists.
It’s been sitting empty since last winter. But now, the former Neiman Marcus building in downtown Minneapolis is off the market. The state’s largest gas utility, CenterPoint Energy, has inked a deal to purchased the property, according to Twin Cities Business.
Target says a key revenue figure fell 1 percent in November, hurt by weak sales in the first two weeks of the month.
There will soon be a new way to get discounts and deals year round in the Twin Cities. The Eagan City Council has approved preliminary plans for a new outlet mall.
This season could mark the end of Black Friday as we know it. For decades, stores have opened their doors in the wee hours on the day after Thanksgiving.
Target is reporting that net income for the second quarter was unchanged, with results dragged down by the retailer’s upcoming move into Canada. Yet customers are again spending money and the cheap chic discounter raised its earnings outlook.
Neiman Marcus is the latest luxury retailer saying goodbye to Minnesota, and it might have a lot to do with how much Minnesotans are able to spend these days.
Target Corp. reported a 1.2 percent increase in first-quarter profit and raised its earnings forecast for the full year due to strong sales of its food and cheap chic fashions.