NEW YORK — Target says it is discounting thousands of products throughout its stores, sending its stock down and dragging most of the retail sector with it.
Retailers in general have struggled to compete with Amazon.com and the countless shopping options available online.
However, Target did report last quarter that its online sales jumped 32 percent and its revenue beat Wall Street expectations.
The Minneapolis-based retailer is spending billions to remodel stores and strengthen its online business. It said Friday it will continue "to offer additional savings on the right products at the right times."
Shares in Target Corp. closed Friday down 2 percent. Shares in Sears fell more than 3 percent, while Wal-Mart, Dollar General and Costco all fell more than 1 percent after Target's announcement.
Former Richfield teacher and coach Velma Teichroew died at 95 after a lifetime of breaking down barriers. "Her young women walked past the raised eyebrows of the naysayers," said former MSHSL executive Dorothy McIntyre.
Vikings writer Andrew Krammer joins host Michael Rand, who brings out a tool to share the cuts he would make before the 2023 season. Also, bad Wolves habits resurface and a must-read about the Bally Sports North situation.
When no crew showed up to officiate Monday's game at the University of Minnesota Morris, athletic director Matt Johnson called on his prep connections for replacements to get the game going only a few minutes late.