Wednesday, January 16, 2013
A recent Patch story garnered lots of chatter on the site and on Facebook. Tell us what you think in the comments section below.
With the news of a Bennigan's restaurant possibly coming to Richfield, Patch readers and Facebook followers sure had a lot of say. Last week, Patch reported on a strategic partnership between the restaurant chain and Brixmor Property Group to put franchised restaurants in multiple shopping centers across the country. Richfield's former Blockbuster space at Hub Shopping Center—which is owned by Brixmor—has apparently been pre-selected to house a Bennigan's in the future. Of course, an interested party wanting to buy into the franchise is still needed. Read the full story here. While many readers were happy to hear the long-vacant space may be filled, most concerns centered on the sometimes nightmarish parking situation the Hub presents: On …
Wednesday, January 9, 2013
The former KFC restaurant will soon become a Popeyes Louisiana Kitchen.
Follow Richfield Patch on Twitter | Like us on Facebook | Sign up for our daily newsletter It's official. Richfield will soon be home to a Popeyes restaurant. Popeyes, the second largest fried chicken chain in the country, acquired 14 bankrupt francise KFC locations in Minnesota—including Richfield's—this past November, despite KFC's attempts to keep them under its brand. A bankruptcy judge cleared the sale of the locations, even though KFC itself backed a higher bid for the Twin Cities restaurants, according to a Star Tribune article. The remodel of the Richfield location is underway. According to Kelsey Schmitt, a Popeyes communications specialist, the old KFC is being converted and will open in the near future. An exact opening …
Saturday, October 27, 2012
A bankrupt Kentucky Fried Chicken franchisee is selling 14 metro area locations, according to the Star Tribune.
Popeyes, the nation's second larges fried chicken chain, is nipping at the heels of Kentucky Fried Chicken, the nation's largest chain, as it makes a major push to strengthen its presence in the Twin Cities. According to the Star Tribune, AFC Enterprises, Popeyes' Atlanta-based parent company, agreed to buy 14 Twin Cities KFC restaurants from a bankrupt KFC franchisee. The Richfield location at the HUB Shopping Center is one of the restaurants slated for sale. Other locations include those in Hopkins, Savage, Rosemount and Bloomington. Currently, Popeyes has just one Twin Cities restaurant location on Lake Street in Minneapolis near Uptown. A total of 28 restaurants are part of the $13.8 million deal, with other restaurant outlets in …
Saturday, March 31, 2012
Ulta, a beauty supply retailer, is reportedly taking over the remaining space.
After announcing it would close 50 U.S. stores Thursday, Richfield-based Best Buy will also downsize many remaining stores as part of its new "Connected Stores" format. The Richfield location and the Shops at Lyndale is one of the stores slated for the change. The Minneapolis/St. Paul Business Journal reported beauty retailer, Ulta, would take over the vacated space and moving from its Southdale Mall location. A exact date for the move wasn't given. The "Connected Stores" model is a redesign of the company's current big-box concept. Stores, like Richfield's, will be trimmed down and focus on portable electronics—such as tablets and e-readers—and feature a central knowledge desk where people can get things like wireless plans for cell …
Thursday, March 29, 2012
Fifty stores U.S. stores could close and 400 employees could lose their jobs, however, the company is planning to open more stores in China by 2013.
Best Buy officials announced today they will close 50 of their U.S. big box stores and lay off 400 employees at corporate and support levels, according to a news release. The news comes after the Richfield-based company released its fiscal year fourth quarter earnings, showing a $1.7 billion loss in revenue. In addition, the Global Post reported the company aims to open 50 stores in China by 2013. The company did not say which stores would close. The news of closures and downed profits are not a surprise to many, as Best Buy reported shortfalls after its third quarter in 2011 as well. In January 2012, a Forbes Magazine article predicted a tough year for the company and also suggested it was getting closer and closer to bankruptcy every day…
Thursday, January 5, 2012
Forbes Magazine predicts a tough year for Richfield-based Best Buy and even suggests that the business gets a little closer to going out of business every day.