Shopping mall executives say gloomy future has been exaggerated
Retailers and shopping-center owners are gathering in Las Vegas this week prepared to send a message: The American mall is doing better than many people think.
Retailers and shopping-center owners are gathering in Las Vegas this week prepared to send a message: The American mall is doing better than many people think.
Additions such as Yard House, Nada and Punch Bowl Social have helped bolster Circle Centre's performance, even as a string of national apparel chains have shuttered their stores in the mall's interior corridors.
The additions to the food court will include a concept from Cafe Patachou founder Martha Hoover.
CEO David Baxter, who was hired in May 2016, is aiming to marry the best of online retailing with brick-and-mortar stores, to lift the company’s profit margin to where it was five years ago.
The French manufacturer of premium cookware has agreed to take 1,600 square feet of space at the north-side shopping center, marking its entry into the Indianapolis market.
Gymboree, which is struggling under an enormous load of debt, said it would have to close up to a third of its 1,300 stores nationwide.
Tom and Ed Battista of Bluebeard fame have purchased the Christian Unity Missionary Baptist Church near Spades Park with hopes of opening a three-screen independent cinema and restaurant.
Retailer True Religion Brand Jeans filed for Chapter 11 bankruptcy protection Wednesday and requested permission from the federal bankruptcy judge to close 27 of its 140 stores.
A small, little-known company purchased at auction the company’s intellectual property rights, besting a bid by a large retailer with a household name.
Children's clothing retailer Gymboree Corp. is closing 350 stores—including multiple shops in Indiana—as its works to restructure in bankruptcy. The Indianapolis area did not avoid the closure list.
President Donald Trump vowed Monday to boost U.S. manufacturing by cutting the $64 billion trade deficit with Mexico as he showcased products made in all 50 states—everything from a fire truck to a baseball bat.
Milhaus has attracted three retail tenants to its new 747 apartment building on Mass Ave, while the vacant Marrow space has added some meat to its bones.
The used-car auction business might sound like a low-tech industry, and one destined to stay that way. But KAR’s executives think otherwise.
Four of Teavana’s 379 locations—which will all shut down over the coming year—are in Indianapolis-area malls.
David Barras told his followers on Twitter that he will leave the station after 37 years “with a profound sense of gratitude for all you have given me and my family.”
A culinary concept called Stixx appears to be settling where Bourbon Street Distillery operated for 15 years, while Speedway’s bustling Main Street welcomes two new arrivals.
A fresh round of sales declines at Macy’s Inc. and Kohl’s Corp., though less severe than Wall Street had feared, is renewing concerns that the department-store industry can’t pull out of a years-long slump.
A Fort Wayne fixture is coming back to Indianapolis, with plans to open a craft chocolate shop and sundae bar in the Keystone at the Crossing area.
Indianapolis-based Simon Property Group, the country’s largest shopping mall operator, says in the lawsuit that Starbucks is breaching its leases by closing the Teavana stores and “shirking its contractual obligations.”
Sugarfire Smoke House won’t begin serving customers in early fall, as it had previously announced. Meanwhile, there’s turnover at another prime retail spot on Washington Street.