Nonprofit, nonpartisan journalism. Supported by readers.

Donate

More drooling over Buffalo Wild Wings; also: Hundreds of job cuts ahead at 3M, Wilsons’ wallet is empty, and Boston Scientific recalls some stents

More drooling press over Buffalo Wild Wings. SmallCapInvestor.com calls the Minneapolis-based restaurant chain “blazin’ hot.” Buffalo Wild Wings’ customers are apparently either unaffected by the slow economy, or they consider beer and buffalo wings as essential as gas and groceries. The company rolls out its first national advertising blitz this fall with spots on ESPN, the Big Ten Network, CBS Sports Net and Westwood One.

Optical films and industrial adhesives evidently aren’t as recession-proof as wings and beer. Maplewood-based 3M Co. plans to eliminate hundreds more jobs in the next several months, the Star Tribune‘s Dee DePass reports. The company, which employs 16,000 people in Minnesota, blames the sagging U.S. economy for causing it to re-evaluate its business needs. The company’s international sales have been growing, and so has non-U.S. employment.

Wilsons the Leather Experts’ wallet is empty. The Brooklyn Park retailer plans to liquidate its remaining 100 stores by October, the Pioneer Press‘ Gita Sitaramiah reports. The company made the announcement in a regulatory filing Thursday. One expert said the company has been “dying a slow death.” It planned to reinvent itself as a women’s clothing chain called Studio, but retail observers were skeptical.

A roundup of medical device news: Boston Scientific has recalled some of its stents because of a defect that can cause them to break off during surgery, the Associated Press reports. Medtronic has filed a lawsuit against Boston Scientific and Abbott Laboratories accusing them of infringing on a stent patent, Bloomberg notes. Also, AP reports St. Jude Medical has FDA approval for a new chronic pain treatment  that delivers electronic pulses to the brain.

And, is this for real? A publication called Product Placement News calls Medtronic the company “least likely to attempt branded entertainment or product placement.” That’s not to say it wouldn’t work, the author argues. His team arranged a deal two years ago in which a pro wrestler would have a heart attack in the ring and be revived by a defibrillator. Then, of course, he’d fight back and win the round. The unnamed medical device company reportedly involved ended up changing its mind and turning down the opportunity.

Do you have an inside scoop or news tip about a Minnesota company? Spotted something interesting in your RSS reader? Drop Business Agenda a note at dhaugen [at] minnpost [dot] com.

You can also learn about all our free newsletter options.

No comments yet

Leave a Reply