Business News

I told you recently that a new Aldi's store is a go in Dundas on Stafford Road. Construction is expected to get under way in the next week. Two other businesses had their construction permits approved to occupy space in the former Kmart store -- MGM Wine and Spirits and Behr’s USA Flooring...

According to the publication Consumerist, Payless shoes has become the latest retailer to file for bankruptcy protection this year, joining Wet Seal, Aeropostale, American Apparel, The Limited, Eastern Outfitters, MC Sports, BCBG Max Azria, Gander Mountain, RadioShack, hhgregg and Gordmans...

Last month I told you about the closing of Gordmans. The Omaha-based department store chain filed for bankruptcy protection and then it came out they they were going to probably begin just shutting down the company. It came out on Monday that they are closing 48 Midwestern stores, including five of six stores in Minnesota...

JC Penney announced in February that in an effort to get some growth going and for the longer term stability, that it was going to close 138 stores and one supply chain, affecting about 5,000 jobs nationwide. Eight Minnesota stores are on the chopping block, including the one in the Faribo West Mall...

The clock is counting down to 6PM Sunday when Macy's, formerly Dayton's, downtown Minneapolis closes its doors for good. According to the Star Tribune, the sale to sell off the final merchandise as well as fixtures and figures from a long history of eighth floor auditorium displays got going in January soon after it was announced that the store would be closed along with 67 other locations nationw

Faribault Marketing Director Nort Johnson stops by for our monthly visit the KDHL AM Minnesota program at 9:30AM today. We have a lot to discuss. Since we last visited, Johnson went before the City Council and gave a tourism report that included some increases in lodging tax money collected in Faribault...

They are not as well known as Sears, Kmart or J.C. Penny, but Gordmans, which has been around the Midwest since 1915 and has stores in Burnsville, Mankato and Woodbury, has reportedly filed for bankruptcy and will liquidate stores and distribution centers, closing down the business...

It's been rumored for a while that they were going to do it and now it's reality that Gander Mountain, the largest chain of outdoor specialty stores, filed for chapter 11 bankruptcy protection on Friday. According to the Star Tribune, the company is looking for a new owner and the filing will help keep the company going in the meantime...

Dundas officials announced that the sale of the former Kmart closed last Thursday. Soon the remodeling will begin and CJB II Real Estate LLC of Red Wing will begin transforming the building into a 10-screen movie theater. They also plan to develop part of the area for two to five larger retail operations...

Polaris Industries is going to start winding down it's Victory Motorcycle brand and operations, effective immediately, it was announced Monday. They will continue to provide parts for 10 years as dealers sell off their inventory. According to their press release, Chairman and CEO Scott Wine said, “Over the past 18 years, we have invested not only resources, but our hearts and souls, into forging t