ADVERTISEMENT

ADVERTISEMENT

Red Shoe opens in Fargo

The Red Shoe, a high-end shoe boutique, opens at 9:30 today at 518 1st Ave. N. in downtown Fargo. The new women's shoe store will feature shoe brands that are "exclusive in Fargo," said Jan Scott, manager and partner. "This is not going to be a r...

The Red Shoe, a high-end shoe boutique, opens at 9:30 today at 518 1st Ave. N. in downtown Fargo.

The new women's shoe store will feature shoe brands that are "exclusive in Fargo," said Jan Scott, manager and partner.

"This is not going to be a regular shoe store. I want it to be an experience," Scott said.

Highlighting the opening will be the display of the infamous $1.3 million Burma ruby shoes designed by Stuart Weitzman and made by New York jeweler Oscar Heyman and Bros. The shoes contain more than 642 rubies totaling 120 carats.

They have been displayed behind bullet-proof glass at Harrods of London and were to have been worn at the 75th Academy Awards in 2003 but the appearance was canceled due to war in the Middle East.

ADVERTISEMENT

The shoes will be on display at the store from 9:30 a.m. to 6 p.m. Saturday, Scott said.

Ruth and Greg Olson of Royal Jewelers arranged for the shoes to be shipped by armored truck to Fargo and displayed, Scott said. The Olsons are partners in the new shoe store.

The Red Shoe is open six days a week, Monday through Saturday from 9:30 a.m. to 6 p.m.

High-level banking

Gate City Bank is getting a higher profile in south Moorhead.

Literally. They're raising the roof at the bank's 2929 20th St. S. branch.

It was built in 1979 - once home to American Bank & Trust of Moorhead - and acquired by Gate City in 1994.

Its makeover includes a pitched roof of asphalt shingles, along with updated fascia, to replace the old flat roof.

ADVERTISEMENT

The building's exterior is being painted in earth-tone colors and an electronic sign has been added to the property.

The roofing project is expected to be completed in late November, with the entire interior of the building scheduled for renovation in 2005.

"The office will blend in nicely with the neighborhood and will look like other Gate City offices that we've constructed in the last few years," said Steve Swiontek, Gate City Bank chairman, president and CEO. "As our customer base in South Moorhead continues to grow, we believe this will be a beautiful facility for our current and future banking customers."

Gate City Bank, based in Fargo, is a $748 million mutual community bank. It has been in business since 1923 and has 24 locations in North Dakota and two in Moorhead. Its 26th office opens this fall in Grand Forks, N.D.

Tapping new markets

St. Paul-based Summit Brewing Co. has extended its distribution into four additional states during the past year, focusing primarily on the Upper Midwest.

The company, founded by Wahpeton, N.D., native and University of North Dakota graduate Mark Stutrud, in the past year began selling suds in Ohio, Kentucky, Nebraska and Michigan. These four states join the brewery's established presence in Minnesota, North and South Dakota, Iowa, Wisconsin, Illinois and Indiana.

"Continuing to grow our distribution is certainly an element of our ongoing growth strategy as a brand," said Stutrud. "It also reflects the relevance this brand has from a taste profile to the people in this part of the country, as our expansion is driven by consumer and wholesaler inquiries."

ADVERTISEMENT

Summit's sales increases in 2002 and 2003 were 8.6 percent and 11.6 percent respectively. Summit beers are distributed in the Fargo-Moorhead region by Bergseth Bros. Co. Inc.

Center mall addition

Joni Salon & Photography has set up shop in Moorhead Center Mall.

The salon and photography studio relocated from the Brookdale Mall development in south Moorhead. The new location allows the business to accommodate additional stylists.

Joni Brouse said the move also allowed her to own, rather than lease, her workplace. Brouse has been in the salon business for 28 years.

Her business, situated in the Moorhead city hall courtyard on the mall's north side, includes a photography studio, seven styling chairs and a nail station. Brouse said they take appointments as well as walk-in clients.

A little help here

The annual Business Helps Business Conference is Nov. 9 at Fargo's Radisson Hotel, 201 5th St. N., Fargo.

The event is sponsored by the Small Business Development Center, U.S. Small Business Administration and Community First Bankshares.

The day-long conference kicks off with an 8 a.m. registration and breakfast buffet.

A wide array of breakout sessions will be held throughout the day. Economist Tobias Madden of the Federal Reserve Bank of Minneapolis speaks at a noon luncheon.

Registration for the full-day event is $50. There is also a lunch-only cost for Madden's address.

For more information contact Aimee Schwartzwalter at (701) 235-1495 or visit www.ndsbdc.org

Go TEAM, go

TEAM Industries Inc. this week announced it has signed a letter of intent with BRP US Inc., a wholly owned subsidiary of Bombardier Recreational Products Inc., to acquire its outboard engine plant in Andrews, N.C. This will be TEAM's first venture into the marine industry and the company's first endeavor outside of Minnesota.

The North Carolina plant manufactures components for Evinrude and Johnson outboard motors. It employs approximately 115 employees. "This is an opportunity that fits with many of our corporate objectives," said David Ricke, president and CEO of TEAM. "TEAM has wanted to enter the outboard marine market for some time."

TEAM Industries has manufacturing plants in Audubon, Bagley, Baxter, Cambridge, Detroit Lakes and Park Rapids, Minn.

Readers can reach Craig McEwen at (701) 241-5502 or Gerry Gilmour at (701) 241-5560

What To Read Next
In this week's Business Beat podcast, we hear about a renovated Hannaford, North Dakota, building and a bus service connecting Fargo and MSP airports.
Members Only
“This will be the biggest international market in North Dakota and South Dakota,” says John Huynh, co-owner of the downtown store.
Sioux Falls developers withdraw $38.5 million plan that included former Public Health building because it's "no longer feasible."
A five-story mixed-use building will replace the South Plaza mall, homes and other businesses on the 1600 block of South University Drive if the project moves ahead.