Sears to explore sales of Kenmore, Craftsman, DieHard brands
Sears Holdings Corp. may turn to asset sales of some of America’s iconic brands to generate cash amid continued losses.
Department Stores
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In dark quarter for retailers, Wal-Mart manages to shine
Surprisingly strong sales at Wal-Mart Stores Inc. and an optimistic outlook from the world's largest retailer lifted a pall that settled over much of the sector in the past two weeks.
U.S. retail sales show solid gain despite woes at store chains
April’s sales gains paint a healthier picture of retail spending than did a slew of troubling reports released this week by Macy’s, Nordstrom, Kohl’s and J.C. Penney.
Kohl’s Corp. joins other retailers with slumping sales
Shares in Kohl’s Corp. slid almost 9 percent in morning trading Thursday after the retailer with 13 Indianapolis-area stores reported first-quarter results that missed analysts’ estimates.
Gloomy outlook continues for retail giant Macy’s
Macy’s Inc., the largest U.S. department-store company, is still suffering from sluggish mall traffic and increased competition from other stores and off-price retailers.
J.C. Penney plans major push back into appliance business
J.C. Penney says it's expanding its rollout of major appliances to nearly 500 stores by this fall, or almost half of its stores.
Two Indiana stores on Sears Holdings’ closure list
Sears Holdings Corp. will close another 78 stores—68 Kmart units and 10 Sears stores—as it looks to restore profitability, the retailer announced Thursday.
LOU’S VIEWS: Rarified Ayres
Indiana Historical Society celebrates the famed department store… and brings the cherub to eye level.
City, Simon strike deal to keep Circle Centre anchor
Under terms of the deal, Carson Pirie Scott will save $300,000 annually through the next three years under a rent reduction at the downtown store.
Washington Square Mall losing biggest tenant
Sears Roebuck and Co. plans to close its 194,680-square-foot anchor store in early December, the retailer confirmed Monday. A liquidation sale began Friday.
Kohl’s plans surge in holiday hiring nationally, locally
About 2,000 of those hirings will take place in Indiana, including about 900 in the Indianapolis area. Kohl's has 39 stores in Indiana, and 18 in the metro area.<
Target CEO Steinhafel out in wake of data breach
The nation's third-largest retailer, which has 13 stores in the Indianapolis area, has struggled to regain its footing in the five months since hackers stole credit and debit card information on tens of millions of customers.
Shoppers flood stores in bargain-hunting spree
Faced with smaller crowds of less confident consumers, as well as six fewer days between Thanksgiving and Christmas than last year, retailers are pouring on margin-eating discounts to grab market share.
Simon’s decision to open malls on Thanksgiving draws criticism
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.
Indy-based Lids to open 200 outlets in Macy’s stores
The arrangement is considered an inexpensive way to expand Lids’ reach into large, sports-centric cities. But Wednesday’s earnings report from Macy’s indicates consumers aren’t spending as much on apparel.
Finish Line expects sales to leap in Macy’s deal
Becoming the exclusive athletic footwear partner of the department store chain could increase Finish Line’s annual revenue as much as 30 percent, executives say. Finish Line apparel will start appearing in Macy’s this weekend.
Circle Centre to build entry through empty Nordstrom
Construction could begin soon in the former home of Nordstrom at Circle Centre mall, but the project does not signal an end to the mall’s limbo following the 2011 departure of its marquee anchor.
J.C. Penney sells Simon Property stake for $248M
J.C. Penney Co. said Monday that it is selling the bulk of its interest in mall developer Simon Property Group Inc. for $248 million as it focuses on its core business.
J.C. Penney closing distribution center, laying off 230
The distribution center, which opened in 2002 near the Indianapolis International Airport, will close by the end of September, company officials said.
A year later, Circle Centre Nordstrom vacancy lingers
Without a rapid-fire lease deal and renovation, the former Nordstrom anchor space at Circle Centre will sit idle for a second holiday season. The more general-audience-oriented department store chain Macy’s remains the odds-on favorite to replace Nordstrom, though it would take only a portion of the available space.