Double-digit gains helped fuel the Plymouth-based maker of snowmobiles and all-terrain vehicles. Arctic Cat saw a 26 percent increase in net sales and 130 percent increase in net income for Arctic Cat's just completed fiscal year. The results beat Wall Street predictions, but Arctic Cat issued lower-than-expected profit and sales predictions for the current fiscal year.

The Plymouth-based retailer is recalling thousands of snowmobiles after testing revealed a headlamp malfunction. Officials say the headlamp may cause disorientation and lead to crashes, though no reports of headlamp problems or injuries have been reported.

Christopher & Banks has named veteran retail executive LuAnn Via to be its new president and chief executive officer, the Pioneer Press reports. Via was most recently the CEO of Payless Shoes. She will start her new role with the women's apparel company on Nov. 26. Via replaces Joel Waller, who took over when Larry Barenbaum left the struggling Plymouth-based retailer in February.

The Hutchinson, Minn.-based disk-drive maker has named longtime insider Richard Penn, 56, to succeed Wayne Fortun as president and chief executive officer starting Oct. 1. Fortun will replace company co-founder Jeffrey Green as chairman of the board. Penn currently serves as senior vice president of the company and president of its Disk Drive Components Division.