Retailers including Walmart, Target and Party City are trying to grab a piece of the nearly $3 billion left on the table by Toys “R” Us, or 12 percent of the U.S. toy market.
The company said Wednesday that it wants to shift focus to its growing brands Old Navy and Athleta while jettisoning hundreds of stores under the Gap and Banana Republic flags.
The struggling retailer says it intends to more than double the number of its stores featuring the ritzy showrooms—an extension of its recent strategy to focus more on appliances and furniture.
The move comes as Finish Line’s new CEO strives to improve performance issues that caused the retailer to lose $32 million in sales in its fiscal third quarter.
Lids replaces Indianapolis-based MainGate Inc., which has been with the team since it moved into Lucas Oil Stadium. The Colts store at Circle Centre mall has closed, but at least one new store is in the works.
HHGregg's high-end-appliance Fine Lines stores are shifting into the spotlight as the struggling retailer looks for ways to offset declining consumer electronics sales.
The Michigan-based owner of the Indiana mattress stores plans to take them upscale with a signature sleep-diagnostic system.
The Indianapolis-based appliance and electronics retailer’s stock hit a sort of milestone Tuesday, closing above $18 for the first time since early 2011.
Indianapolis-based MainGate beat out more than a dozen bidders to sell merchandise at 40 NFL-sanctioned hotels during the 10-day Super Bowl festivities next season.
Pregame emergency plans help MainGate Inc. go into scramble mode and keep Super Bowl merchandise shops at the Superdome open even while the lights were out.
The chain of bookstores will shutter its remaining 399 locations by September, including the few left in central Indiana. Company brass blame the changing book industry, eReader revolution, and turbulent economy.
Locally based MainGate is testing the new NFL merchandise sales technique in Minnesota. Indianapolis could be next.