Skip to main content

Target, Best Buy, Supervalu among retailers impacted by Hurricane Sandy

Minneapolis-based Target and Richfield-based Best Buy closed roughly 200 stores on the east coast because of Hurricane Sandy on Monday. Eden Prairie-based Supervalu closed about 20 of its Acme Market stores.
  • Author:
  • Updated:
    Original:

Minneapolis-based Target and Richfield-based Best Buy closed roughly 200 stores on the East Coast because of storm on Monday, MPR reports. Eden Prairie-based Supervalu closed about 20 of its Acme Market stores.

MSN Money reports, Target and Supervalu sent truckloads of bottled water, batteries and other essential items to regional distribution centers in the days before the storm to quickly restock shelves.

The Business Journal reports Minnetonka-based hospitality company Carlson, which owns T.G.I. Friday's and Radisson hotels among other businesses, said it had closed 27 restaurants on the East Coast.

Meanwhile, Wall Street remained dark for the second straight day Tuesday in the wake of Hurricane Sandy, Forbes reports.

Next Up

bmw-g1a1c50760_1280

Police: Teens 'careen recklessly' in stolen BMW, Mercedes in north metro

They ended up crashing the stolen vehicles, with two arrested and two others on the run.

fire truck

Fire table sparks blaze at Edina home

The fire remains under investigation, but fire officials believe it was accidental.

money hundred dollar bills

Charges: California woman embezzled over $1M from MN employer

Mai Xiong faces several federal charges in the case.

Hsa Law Yaw Say

Shot woman who sparked appeal found injured at Twin Cities hotel

Authorities began searching for Hsa Say early Monday morning.

image

Development may bring changes to Stonebrooke Golf Club in 2023

The popular southwest metro golf course offers scenic views of O'Dowd Lake.

image

Homeowners alert DNR to grouse hunting complaints in Northland

Some hunters are allegedly shooting directly in front of houses.

STPTeensChildTortureRCJ

Charges: Teen couple tortured children while babysitting in St. Paul

A doctor called this "the worst case of abuse he has seen in over 20 years."

Myth

New apartment proposal could spell the end for Myth Live

Myth Live in Maplewood has a spotty past with the surrounding community.

Hsa Law Yaw Say

Police trying to find woman, 18, who was shot at in St. Paul

Police are looking for help finding the woman.

image

Is an Amazon grocery store coming to Woodbury?

There's six rumored stores in the Twin Cities.

ambulance

Man sentenced to life in prison for 2021 murder of girlfriend

Lacy Jo Krube, 36, was found unresponsive at her St. Paul home, after she'd been beaten in Brooklyn Park.

Related

Buyout speculation surrounds Best Buy, Supervalu

The two major Minnesota-based companies have watched stock prices drop dramatically as they struggle to grow sales. Some analysts believe the Richfield-based electronics retail giant and the Eden Prairie-based supermarket operator could be a prime target for cheap leveraged buyouts. The Star Tribune explains...

Best Buy's new boss starts retail gig

Hubert Joly, Best Buy's new new president and CEO, officially joined the troubled Richfield-based consumer electronics giant on Tuesday, the Star Tribune reports. Joly, a native of France, is the first chief executive officer at Best Buy recruited from outside of the company. He most recently led the Minnetonka-based hospitality and travel company Carlson. Joly will begin his new role at Best Buy on the sales floor of several stores in the Twin Cities metro. He tells Reuters, "I want to not learn our businesses from the headquarters. I want to learn from the front line."

Target stores to hire Geek Squad agents

Minneapolis-based Target is teaming up with Richfield-based Best Buy to test a tech-support program. The Denver Post reports more than two-dozen Target stores in the Denver metro will start featuring Best Buy’s Geek Squad agents this fall. One store in the Twins Cities will also take part in the pilot project. The trained technicians will offer in-store gadget repairs to home-theater delivery and installation.

S&P puts Best Buy's debt on credit watch

Standard & Poor's says the Richfield-based company needs to make changes to its business model to improve performance. Last week Best Buy unveiled plans to close 50 big-box stores, including five in Minnesota.

Supervalu to open books for potential buyers

The troubled Eden Prairie-based grocery-store chain is expected to provide prospective buyout firms financial information later this week, the Wall Street Journal reports. Last week, Supervalu hired Goldman Sachs to explore selling either part or all of its supermarket operations after it reported a plunge in quarterly profit.