Runnings in Moorhead
MARSHALL, Minn. (KFGO) – Runnings, based in Marshall, Minnesota, is buying Home of Economy, a family-owned company with eight stores in North Dakota. The retailer says the acquisition will expand Runnings to 90 locations in 12 states.
“Home of Economy has been in business for 85 years, founded by my grandparents Bob and Jean Kiesau,” said CEO Scott Pearson. “When we decided it was time to sell the company, it was vital to us that we found a partner who would carry on our legacy of providing every customer with the products and services they need at guaranteed lowest prices. We have confidence that Runnings is that company.”
“We have known Home of Economy and the Kiesau family for decades,” said Brian Odegaard, President of Runnings. “These stores and communities are very similar to the markets we presently serve, including our six other North Dakota locations. Their products and services are also comparable. After discussions with Home of Economy’s leadership, both companies knew this would be a great fit.”
The deal between Runnings and Home of Economy is scheduled to close in September. The stores will continue using the Home of Economy name for a limited time before transitioning to the Runnings brand.
Runnings has a store on Highway 10 in Moorhead.
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