Sears Holdings Corp. may turn to asset sales of some of America’s iconic brands to generate cash amid continued losses.
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.
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.
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.
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.
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.
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.
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.<
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.
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.
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.
The distribution center, which opened in 2002 near the Indianapolis International Airport, will close by the end of September, company officials said.
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.