Experts estimate that several hundred shopping malls could shut down over the next decade after owners relinquish them to lenders rather than make steep loan payments.
Johnston & Murphy and Yankee Candle Co. are set to vacate their spaces at the end of the month, joining Gap, Gap Kids and American Greetings as tenants departing the third floor.
Deb Shops, a woman's clothing retailer with stores in three area malls, has filed for bankruptcy protection for the second time in three years and could close its stores.
At HALE Federal Credit Union, don’t expect to get a debit card in the mail after opening an account. Online banking isn’t an option at this Indianapolis-based credit union, and neither are checking accounts. Mobile check deposits? Forget about it. Day “We are so archaic and behind in the times,” Manager Angela Day said, sitting […]
There’s not a lot of sizzle among the 54 strip shopping centers and 44 enclosed malls that Simon Property Group Inc. plans to spin off into a new public company early next year.
An online petition drive launched by employees of stores in Simon properties urges the company to rethink a decision to open its malls at 8 p.m. on Thanksgiving. One petition so far has gathered nearly 18,000 signatures.
Genesco’s hat unit now has reported four consecutive quarters of declining same-store sales—an unusual malaise for a business that from 2001 to 2006 posted a miraculous 19 straight quarters of increased same-store sales.
Castleton Square Mall is set to welcome a couple of new entries to its food court lineup, including a restaurant that made its Indianapolis debut just last year. Also, the yogurt craze continues.
Indianapolis International Airport expected to have about 300 passenger flights arriving or departing on Wednesday, but a third of those were cancelled before midmorning. In addition, mall operator Simon Property Group announced its local shopping centers would close for the day.
Our state is in a challenging time, with unemployment hovering above 8 percent and many Hoosiers hopeful that better days are on the horizon. The Indiana Senate Democrats’ 2013 legislative proposals and budget priorities will reflect the principles of rebuilding our economy, schools and local communities.
Luxury outlet malls—where upscale retailers such as Coach Inc. and Michael Kors Holdings Ltd. hawk discount goods—are now the main source of expansion for the Indianapolis-based real estate investment trust, the country’s largest.
A parcel of overgrown bank-owned property with a leaky roof at the southwest corner of East 86th Street and Keystone Avenue may finally be poised for redevelopment: A Wisconsin firm has the 6.4 acres under contract and is putting together plans for a retail strip, a couple of restaurants and possibly a hotel.
Forever 21, a privately held California-based chain, has begun converting the roughly 25,000-square-foot former bookstore at the south entrance to the mall and is targeting a summer opening.
