Best Buy Co. Inc. and Target Corp. ended a partnership that positioned Geek Squad agents in Target stores in Denver and Minneapolis, the Minneapolis Star Tribune reported.

Target Corp. has made two e-commerce acquisitions aimed at expanding its presence in the growing cooking and kitchenware market.

Supervalu Inc. announced that it has reached a deal to sell its Albertsons, Acme, Jewel-Osco, Shaw's and Star Market stores and related Osco and Sav-on in-store pharmacies to a private equity group in a transaction valued at $3.3 billion.

Target announced plans to open a 140,000-sq.-ft. store in Pomona, Calif., in October 2013.

CBRE Group said it has appointed Blake R. Hastings as managing director of its Minneapolis office, effective January 1, 2013.

In his address to investors and stockholders in New York City, newly minted Best Buy Co. CEO Hubert Joly acknowledged that sales and profits are on a decline, and presented a plan to shore up finances and operations by cutting expenses, rethinking footprints and improving both offline and online customer satisfaction.

Corner Bakery Café has announced expansion plans for Portland, Ore., Minneapolis-St. Paul and Orlando, Fla.

Best Buy Co. announced that it has agreed to let founder and former chairman Richard Schulze conduct due diligence and form an investment group with private equity sponsors as he tries to take the retailer private.

William & Friends, the company behind Lili Salon and Spa concept in Minnetonka, Minn., has opened a second location at Galleria Edina, in Minneapolis.

Best Buy Co. has named Hubert Joly, the former chief executive of global hospitality company Carlson, as the chain's new CEO and president.

Supervalu Inc. said that its chairman Wayne Sales has been named president and CEO. He replaces Craig Herkert as CEO.