From the editors of Twin Cities Business:
Target’s quarterly profits were in line with its expectations, but the company drastically lowered its forecast for 2014 from last quarter due largely to the effects of its data breach and costs of its Canadian expansion.
Target ousted the president of its Canadian operations the same day it announced that one of its longtime executive vice presidents plans to retire.
The global hospitality company sold the iconic restaurant brand in order to focus more energy and resources on its hotel and travel businesses.
Sunday sales didn’t make the cut, but new legislation still has implications for craft beer taprooms, micro-distilleries, farm wineries, and home brewers, among others.
While Best Buy’s quarterly profits beat analyst expectations, the company expects same-store sales to keep sliding because of a lack of major product launches during its upcoming quarters.