NEW ULM, Minn. — The Diocese of New Ulm in Minnesota has reached a $34 million settlement in its bankruptcy case with 93 people who say they were sexually abused by priests and others. Attorney Jeff Anderson, who represents many of the survivors, says it includes contribution of $8 million from the diocese and its parishes with the rest coming…
Shopko is closing stores nationwide including in Minnesota, North Dakota and South Dakota. The Wisconsin-based retail chain has filed for bankruptcy protection citing excessive debt and ongoing competitive pressure. The company will close nearly 100 of its more than 300 stores across the country this year. Here is a list of the Shopko stores that will close in our region….
FARGO, N.D. — Toys R Us’s management has told its employees that it will sell or close all of its 800 U.S. stores. That’s according to a toy industry analyst who spoke to several employees who were on the call Wednesday. Jim Silver, a toy industry expert, says Toys R Us’s CEO told employees the plan is to liquidate all…
(York, PA) – The parent company of Herberger’s is filing for bankruptcy. Bon-Ton Stores said Monday that it is talking with potential investors and debtholders about a financial restructuring plan. Along with Herberger’s, Bon-Ton brands include Younkers, Boston Store, Carson’s and Elder-Beerman. There are 21 Herberger’s stores in Minnesota, including Moorhead, Fergus Falls, Bloomington, and St. Paul. North Dakota store…
ST. PAUL — The group working to build an ice palace for the St. Paul Winter Carnival when the 2018 Super Bowl is nearby is canceling its plans. Ice Cold Events says it couldn’t guarantee enough financial support for the project. The director estimated a minimum of $5 million was needed. A massive $1 million ice palace was built the…
MINNEAPOLIS, Minn. — It appears a former auto dealer from Minnesota is not a free man after all. Denny Hecker’s bankruptcy attorney said he called her and said he was in a halfway house, but the Federal Bureau of Prisons says the shamed auto dealer remains behind bars. The attorney said the phone call was not collect and she…
MINNEAPOLIS — Disgraced former Twin Cities auto mogul Denny Hecker will soon be a free man. His lawyer confirmed Tuesday that Hecker has been released to a halfway house in Minneapolis and that he will be free to move on his own on Thursday. She said he “sounds upbeat and healthy and cheerful, really sounds invigorated.” Hecker had been in…
FARGO, ND — Another store is set to close in West Acres Mall. Gymboree is the latest store to announce its closure. The Gymboree Corp. plans to close 350 stores around the country. The children’s store filed for Chapter 11 bankruptcy protection in June. Over a dozen stores have closed in the shopping center in the past year and…
NATIONAL — The company behind Payless Shoes is asking a bankruptcy court for permission to close 408 more stores. Company officials say they need to cut at least 10 percent more of their volume after the closure of about 400 stores in the last two months. The company filed for Chapter 11 in April. The Payless store in Moorhead is…
FARGO, ND — A CEO says Gander Mountain of Fargo will stay open even though store front signs say, “Going out of business,” and “everything must go.” The CEO of Camping World, the company which won a bankruptcy auction on Gander Mountain, said Fargo’s store will remain open in a Tweet. It’s located along I-94 and 45th Street South….
