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.
A group calling itself Main Street Fairness Coalition wants the Minnesota State legislature to immediately approve a bill this session that would force internet retailers to charge their customers local or state sales taxes.
Target Corp. said Thursday a key sales figure rose a better-than-expected 7.3 percent in March, helped by warm weather. The discounter, with headquarters in Minneapolis, boosted its first-quarter earnings outlook based on solid results.
Target is promoting John Mulligan to chief financial officer. The move is effective April 1.
Target has been selling designer stuff since Michael Graves back in 1999. But Missoni was the first one to crash the store’s website, and now we’re getting a look at Target’s next “limited time” collection.
Target lowered its earnings expectations Thursday following a disappointing December, with consumers waiting until the last minute to shop as well as weak sales of electronics.
Service at Minneapolis-St. Paul International Airport is standing out by winning two awards off the tarmac and in the terminal.
Local businesses are hoping for calm weather this shopping season after a rough 2010.
Two hours before Black Friday officially began, many shoppers were already waiting in lines, hoping to be the first one through the door.
The Missoni fashion brand has never been hotter than yesterday, when Target stores were blitzed and on-line demand overloaded the retailer.
You may not be thinking about back to school shopping yet, but retailers are: they expect to ring up more than $68 billion in sales this year. Though it seems early, getting a jump start on your supply shopping could mean bigger savings in the long run.
Target says revenue at stores open at least one year rose 4.5 percent in June as shoppers picked up groceries and seasonal merchandise.
Demolition of most of Brookdale Center could begin soon.