About 175 underperforming Gap stores will close in North America as part of a comeback plan for the business, which has posted sales declines for five straight quarters and lagged behind its sister chain Old Navy.
The purchase of Metro AG’s Galeria Kaufhof stores is Hudson’s Bay’s first under its joint venture with Simon Property Group, marking a new era of real-estate fueled growth as retailers try to squeeze more value from their property.
Target Corp. has agreed to sell its pharmacy and clinic businesses to the drugstore chain CVS Health Corp. for about $1.9 billion in a deal that combines the resources of two retailers seeking to polish their health care reputations.
Firebirds Wood Fired Grill, a fast-growing national restaurant chain, is planning to open its first Indiana location in Carmel.
HHGregg Inc. has tried for four years to reverse sliding sales. That hasn’t worked, and now executives have turned their focus to slashing expenses in a quest to return to profitability next year.
IBJ picked the brains of Indianapolis-area firms and organizations known for liquid thinking to discover how they open the spigot on innovation.
Frisch's Big Boy restaurants are being sold to a private equity fund, ending family ownership of a Cincinnati-based chain that dates to 1948.
Giant Eagle Inc. said it plans to hire more than 500 workers to work at the massive Market District grocery store it is building in Carmel.
The Indianapolis-based appliance and electronics retailer on Friday posted a quarterly loss of $25.2 million as sales for store locations open at least a year declined 10 percent.
Angie’s List could hardly be at more of a crossroads, with its longtime CEO departing, its massive east-side Indianapolis expansion withdrawn, and its business model undergoing a tectonic shift.
The retail sales report also raises the possibility that nasty winter weather can't entirely explain the recent lackluster consumer spending in prior months, since the anticipated spring rebound has not materialized.
Marsh, which has retrenched repeatedly since being acquired by Sun Capital Partners in 2006, now must weather even more competition from Kroger.
A new measure on the taxation of big-box stores is expected to help Indiana counties avoid fiscal disaster, but national retailers aren’t happy about it.
Patrons of the original Yats at East 54th Street and College Avenue probably don’t realize they’re experiencing one of the hottest concepts in restaurant franchising.
The Cincinnati-based grocer on Wednesday revealed further details of a four-year strategy to solidify its place in the Indianapolis-area market, including new, expanded and remodeled stores.
Retail brokers say the location, at Illinois and Maryland streets in the heart of downtown’s dining district, is sure to generate plenty of interest.
Cleveland-based Hyde Park Prime Steakhouse has agreed to occupy 8,000 square feet in the building’s corner space at Illinois and Market streets, joining Giordano’s pizzeria on the ground floor.
A pizza war is heating up in Indianapolis. Additional players in the new and trendy fast-fire sector are charging into the area.
Construction on the 125-room hotel, part of PK Partners’ $80 million mixed-use development, should start later this year with an opening in 2016.
The Wisconsin-based home improvement retailer will build a bigger store near Interstate 465 and Pendleton Pike to replace one nearby at Pendleton Pike near Shadeland Avenue.
