Friday P.M. Report

Target’s small-store plan could come to downtown St. Paul: Target Corp.’s downtown Seattle store, set to open in 2012, will be the debut of the Minneapolis retailer’s new, smaller-store format, with downtown St. Paul one market under consideration, the company said today. The new format, which will range in size from 60,000 to 100,000 square feet is expected to be used in another 10 urban markets in the coming years. A typical Target store runs 125,000 square feet or more, with SuperTargets running at 180,000 square feet. Read full story

Cargill pays $350.5 million for Unilever’s Brazilian tomato biz: Cargill has agreed to buy Unilever’s tomato sauce and paste business in Brazil for $350.5 million, Cargill said today. The Minnetonka agribusiness company said it expects the deal, subject to regulatory approval, to close by the end of the year. Read full story

Vikings testing vending machine at Mall of America: Add Minnesota Vikings merchandise to the list of items now sold in vending machines. The football team and Indianapolis-based MainGate installed a Vikings vending machine at the Mall of America Thursday. It’s the first NFL-branded vending machine, and a test run to evaluate automated sales of T-shirts and other purple-and-gold paraphernalia. Read full story

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