Merrillville-based CSC Generation Holdings Inc., which acquired Bon-Ton’s intellectual property in bankruptcy court, said Indiana was not part of its initial plan to reopen stores.
The latest closure list includes 13 Kmart stores and 33 Sears stores, including one in Indiana.
The Castleton Square store is among three in Indiana that the struggling retailer included on its latest closure list.
The announced departure of Marvin Ellison on Tuesday sent shares of the struggling department store chain tumbling to an all-time intraday low.
With customers in a mood to spend, particularly on clothing, Macy's surpassed all profit and revenue expectations for the first quarter of the year and raised its outlook.
Edward Lampert is pushing for a more aggressive breakup of Sears Holdings Corp. as the hedge-fund manager aims to salvage what’s left of the struggling retailer and stave off a potential bankruptcy filing.
City officials say they hope to act quickly with Simon Property Group Inc. to determine the highest and best use for the Carson’s space at Circle Centre after the department store closes this spring.
Real estate experts disagree over whether the prominent downtown space being vacated by Carson’s makes more sense for another retailer (perhaps Target?) or for an office user.
Kohl's put up big sales numbers throughout November and December, joining J.C. Penney and Macy’s in a much-needed holiday rally for traditional retailers.
Department store chain Macy’s Inc. announced plans Thursday morning to close seven more stores nationally, including one in Indiana.
The parent company of Circle Centre mall’s sole anchor, Carson’s, is facing steep challenges, with some retail experts wondering whether it will be the next big chain to collapse.
Sears Holdings Corp. announced plans Friday to close 43 more stores, including three Sears department stores and one Kmart store in Indiana.
Sears Holdings Corp. CEO Eddie Lampert vowed to fight back against suppliers trying to take advantage of his company, saying that “dire predictions” about the struggling retailer’s future have hurt its position with vendors.
The department store chain announced Feb. 24 that it planned to close about 14 percent of its locations. On Friday, the retailer unveiled a list of 138 stores that were on the chopping block.
Americans stepped up their auto buying and online shopping in December, reflecting a boost in confidence after the election and an increase in pay.
Macy’s on Wednesday announced plans to close 68 of its department stores and eliminate 10,000 jobs. Sears Holdings, meanwhile, is closing 108 Kmart stores and 42 Sears department stores.
The beleaguered department-store industry, facing declining mall traffic and mounting online competition, will need more than Santa Claus to get customers in the door this year.
A team of investigators spent the summer trying to answer what should have been a simple question: What were hundreds of thousands of sheets sold by big retailers like Target and Walmart actually made of?
Shares of J.C. Penney slumped Friday after the department store chain with five local stores reported sluggish third-quarter sales, particularly in apparel, and cut its forecast for the remainder of the year.
Upbeat holiday shopping forecasts are giving retailers reason to cheer despite nagging signs that consumers are spending less at malls and instead opting for online outlets.
