Friday, May 10, 2013
Honor moms, grandmas and other important women in your life this year on Mother's Day.
Whether your mom is glamorous, girly, or even a little geeky, celebrate her in all her glory this Mother's Day by giving her the perfect gift. So, what to buy? What to do? First, a little history. Many people are inclined to believe Mother’s Day is a Hallmark-inspired holiday—but while they may profit from it, they certainly didn’t invent it. After a few false starts—including one by famous abolitionist Julia Ward Howe—Anna Jarvis and the culmination of her tireless efforts to honor mothers brought on the inaugural Mother’s Day in 1914. Woodrow Wilson officially signed it into law, thereby ensuring its place on our calendars on every second Sunday in May. To get an idea of who is behind the spending, as well as identify the different …
Thursday, May 2, 2013
April's business news includes a continuing foreclosure fight, new bars and restaurants, flat home sales, a new HCMC clinic, business awards and a new bakery.
Editor’s Note: The following is a collection of business related articles that appeared on the following Patch sites in April 2013: Eden Prairie, Edina, Fridley, Golden Valley, Hopkins, Lake Minnetonka, Maple Grove, Minnetonka, Plymouth, Richfield, Shakopee, Southwest Minneapolis, St. Louis Park and St. Michael. Edina Municipal Liquor Stores Among Most Profitable in Minnesota The City of Edina's three municipal liquor stores brought in $1.445 million in net income during fiscal year 2011. How About a Brewpub in Hopkins? They currently aren’t allowed in the community, but inquiries have prompted the City Council to discuss whether to change that. Sammy's, Version 2.0, Ready for Dog Days of Summer Sammy's Speed Dog—a gourmet hot dog diner—…
Sunday, April 14, 2013
This week's compilation includes the death of a grocery chain's namesake, Chelsea Clinton presents top prize to student and a manufactured home fire.
Editor’s Note: Every week we bring you a sampling of stories from Patch sites in the west metro: Eden Prairie, Edina, Fridley, Golden Valley, Hopkins, Lake Minnetonka, Maple Grove, Minnetonka, Plymouth, Richfield, Shakopee, Southwest Minneapolis, St. Louis Park and St. Michael. (UPDATED) Washburn HS under Code Yellow as Students Protest AD Firing Students taking part will be suspended, school administration said. The Star Tribune reported that Athletic Director Dan Pratt was or will be fired in connection with the purchase of a new playing-field scoreboard. UPDATED: SW Journal Reports Principal Carol Markham-Cousins Out at Washburn HS Robert McCauley is now substitute principal at Washburn, a Minneapolis school district spokesman told the …
Sunday, April 7, 2013
Richfield-based retailer has been 'giving you an excuse to cut out of Thanksgiving early, since 1983.'
Best Buy takes its place beside tater tots, Bob Dylan and butter sculptures in one of BuzzFeed's trademark lists, 38 Things Minnesotans Are Too Nice to Brag About. The Richfield-based company is No. 29 on the list, just ahead of "Lakes." The caption that defines Best Buy's spot on the list reads: "Giving you an excuse to cut out of Thanksgiving early, since 1983." See all 38 things here. *** Related: Follow Richfield Patch on Twitter | Like us on Facebook | Sign up for our daily newsletter
Wednesday, March 27, 2013
Media comments range from cautiously skeptical to downright hostile.
In the short time since Richfield-based Best Buy's Monday announcement about the return of founder Richard Schulze as 'Chairman Emeritus', online observers has been abuzz with analysis and speculation. Here is a sampling. The Star Tribune told the tale of an unlikely boardroom bromance budding: What began as a tense standoff between Best Buy and its founder gradually evolved into an unlikely alliance between two men with enormous sway over the future of Best Buy: [Hubert] Joly as CEO and Schulze playing the role of both outside agitator and the company’s de facto spiritual leader. In a separate story, the Star Tribune questioned how well the founder fits his new job description: Show up smiling at company functions. Give advice when the …
Monday, March 25, 2013
The Richfield-based company's founder returns nine months after he resigned.
Richard Schulze is returning to Richfield-based Best Buy in the role of "chairman emeritus," the company announced Monday. Schulze, who founded Best Buy in 1966, resigned last June then embarked on an ultimately aborted effort to buy the company. From the statement Best Buy issued Monday: “Over the past several months, I have come to know and respect Hubert, and have a high regard for the work he and his executive team are doing to revitalize Best Buy for the benefit of all stakeholders,” said Schulze. “My dedication to the company that I founded and love is unwavering and, together with Hubert and the Board, I determined that the best way to support Best Buy would be to return in support of the initiatives underway.” “At the same time, it…
Wednesday, March 6, 2013
The company said its moving forward with "transforming" the company.
Richfield-based Best Buy is staying a public company for now, and is still working on digging itself out of a rough financial hole. The deadline for founder Dick Schulze to make an offer to purchase the company expired Feb. 28. "The company received no such offer and will continue to focus on its transformation for the benefit of all of its stakeholders," Best Buy said in a statement. Schulze, who stepped down as board chair in June 2012, announced his desire to buy back the company and take it private last summer. Schulze stepped down as chair after an investigation found he failed to alert the board of allegations that former CEO Brian Dunn had an inappropriate relationship with a 29-year-old female staffer. According to Bloomberg, an …
Sunday, March 3, 2013
This week's selections include people stripping and dancing, a teen found after two weeks missing, a Byerly's overhaul and a new pizza restaurant.
Editor’s Note: Every week we bring you a sampling of stories from Patch sites in the west metro: Eden Prairie, Edina, Fridley, Golden Valley, Hopkins, Lake Minnetonka, Maple Grove, Minnetonka, Plymouth, Richfield, Shakopee, Southwest Minneapolis, St. Louis Park and St. Michael. Maple Grove Senior High Head Hockey Coach Stefano Won’t Return Next Season The news of coaching change reportedly came on the heels of the final game of the season against Centennial High School Thursday in which Maple Grove lost. Best Buy Cuts 400 Corporate Jobs More cuts are still to come in 2013, according to the Richfield-based company. (VIDEO) Keith Ellison Battles Fox's Sean Hannity over Sequestration Ellison to Hannity: 'I'm laughing at you—and it's not the …
Tuesday, February 26, 2013
The company said there are more cuts coming over the next year.
Richfield's Best Buy implemented its first phase of 2013 cost cutting measures Tuesday when it announced 400 headquarter jobs were being cut. According to a company statement, the cuts will save $150 million and is just the first phase of the $725 million cost-cutting plan announced last fall. The cuts do not affect retail store employees, known as Blue Shirts, or include any store closings. More cuts will likely be announced after the company reports its fourth quarter earnings. Best Buy's top executive layer was also eliminated in October 2012. The following statement was released by Best Buy: Best Buy Co., Inc. (NYSE: BBY) today confirmed that it has, as part of its Renew Blue transformation efforts, eliminated approximately $150 …
Wednesday, February 20, 2013
The company may be gaining some momentum.
Follow Richfield Patch on Twitter | Like us on Facebook | Sign up for our daily newsletter It's been nearly a year since it all started to unravel for Best Buy. From CEO scandals and downed sales, to excessive excecutive turnover and risky store remodels, the company has been in a constant state of change. Remember when former CEO Brian Dunn resigned? But now, it seems as if things are changing for the better. In the past two months, Best Buy's stock has risen 40 percent, giving analysts, investors and employees a breath of optimism. According to the Star Tribune, Best Buy generated sales that were stronger than anticipated as shoppers purchased more flat-screen televisions and other major appliances. The performance impressed …