Runnings announces deal to purchase Home of Economy

Runnings announces deal to purchase Home of Economy

FARGO (KVRR-KFGO) – Runnings, a retailer based in Marshall, Minnesota, has announced an agreement to purchase Grand Forks-based Home of Economy, a company with eight stores in North Dakota. The acquisition will expand Runnings to 90 locations, serving customers in 12 states from New York to Montana. The deal between Runnings and Home of Economy is scheduled to close in September. The stores will continue under the Home of Economy name for an und…

UPDATED: 'It's been a ton of fun,' Home of Economy CEO says upon sale to Runnings

The sale of the Grand Forks-based business was announced Thursday and will be finalized by September.

Runnings buys Home of Economy

GRAND FORKS — Home of Economy announced its sale to Runnings, a company with 80 stores in states ranging from Montana to New York, on Thursday, May 30. Although the sale won’t be finalized until September, it marks the end of an 85-year run for Home of Economy in the Grand Forks region. Upon hearing of the sale, Barry Wilfahrt, CEO and president of the local Chamber of Commerce, noted Home of Economy’s modest beginnings as well as the company…