Caitlin Abrams
Pohlads to Sell JB Hudson Jewelers to Iowa Jewelry Company In a deal announced Monday, the Pohlad Cos. will sell JB Hudson to Sioux City, Iowa-based Gunderson’s Jewelers. Caitlin Abrams
The Pohlad Cos. on Monday announced plans to sell JB Hudson Jewelers to Sioux City, Iowa-based Gunderson’s Jewelers.
In a news release, the Pohlad Cos. said the sale is slated to close on March 31. No other financial details were disclosed.
The Pohlads first purchased a majority stake in JB Hudson in 2007. A decade later, Pohlad Cos. became the sole owner of the storied jewelry retailer.
“Following this sale, Gunderson’s will build on JB Hudson’s strong legacy,” said Ben Hawn, chief of staff for the Pohlad Cos. “Customers in this market will continue to enjoy exceptional workmanship in jewelry manufacturing and repair and will benefit from an expanded assortment of fine gifts, jewelry and watch brands.”
Gunderson s Buys JB Hudson Jewelers – JCK
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Pohlads to Sell JB Hudson Jewelers to South Dakota Jewelry Company
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Target Corp. (TGT) Delivers Another Blockbuster Quarter
Target Corp. (NYSE:TGT) history dates back to 1902 when George Dayton established a departmental store named Goodfellow Dry Goods. A few years later, it was renamed Dayton Company. In 1962, the company launched a discounted version of its store called Target that became a leading revenue generator in a short span of time. Target’s annual revenue crossed $1 billion in 1979. Dayton once again changed its name to Target Corp in 2000 to reflect the success of the chain. Today, it is one of the biggest discount retailers in the U.S, operating 1,900 stores.
The company, being an essential retailer, kept its stores opened during the pandemic. This helped Target to substantially boost its sales over the last year, as non-essential retailers were not allowed to operate during the lockdown. Eventually, an increasing number of new customers turned to essential retailers like Target to buy goods.