Two Delia’s stores to close in Indy as chain folds
The teen-fashion retailer has filed for bankruptcy and started close-out sales at all of its 92 locations, including in Carmel and downtown Indianapolis.
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U.S. retail sales climb on holiday shopping
Excluding gas stations, sales climbed a healthy 0.9 percent in November. Spending on motor vehicles accelerated 1.7 percent, while purchases at clothiers, online retailers, electronics stores and department stores all improved.
Teen retailers get the cold shoulder for holidays
Teen retailers are facing ho-hum results at a time when overall U.S. retail sales are up 5.1 percent over the past 12 months, the Commerce Department said Thursday.
High court: No pay for Amazon warehouse security checks
The unanimous ruling Tuesday is a victory for the growing number of retailers and other companies that routinely screen workers to prevent employee theft.
Finish Line business-development executive resigns
Mark S. Landau, who had served as the company’s chief business development officer since January 2012, has resigned.
Struggling Sears reports bigger quarterly loss, lower sales
Retailer Sears Holdings Corp, which closed four stores in the Indianapolis area this year, is on track to post its eighth annual revenue drop and its fourth annual loss.
Tech-savvy millennials still making malls social destinations
The future of malls looks quite bright despite the rise of online shopping.
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.
Backers making new push for Sunday alcohol sales
The Hoosiers for Sunday Sales coalition is starting a campaign Tuesday to build support for legislation that would allow such sales in groceries, pharmacies, and liquor and convenience stores.
Cyber Monday gears up to get online shoppers hyped
But with retailers extending their online deals into “Cyber Week” and even “Cyber Month,” some shoppers aren’t quite seeing the jaw-dropping deals they were hoping for online.
UPDATE: Prominent jeweler’s $4M inventory up for auction
The inventory of Aronstam Fine Jewelers, located at Keystone at the Crossing, will be auctioned to help satisfy creditor debt.
Kroger plans new store on southeast side
A nearly 100,000-square-foot Kroger grocery store is set to anchor a major development in an area on the southeast side that’s been void of much commercial activity.
Car dealers lay claim to State Road 37 corridor
When Terry Lee Hyundai opens in Noblesville next spring, it will become the 10th new-car dealership operating on a six-mile stretch of State Road 37 in Hamilton County—and development isn’t done.
Despite rise in fortunes, holiday shoppers to spend cautiously
Gas prices may be hovering at a four-year low, but Americans are paying more for food, health care and other costs. Unemployment is low, too, but then so is wage growth.
Steak n Shake profit falls as franchised restaurants grow
The Indianapolis-based burger chain’s smaller annual profit resulted from an ongoing effort to increase the company’s number of franchised restaurants, with plans to open units as far away as the Middle East.
Bloomington tavern taking prominent downtown Indy site
The Tap beer bar has agreed to lease 6,870 square feet at the corner of New York and Delaware streets in the Pulliam Square development.
Settlement reached in Steak n Shake franchisee suit
It's not clear whether the settlement Steak n Shake has reached with St. Louis-based Druco Restaurants will give the franchisee more leeway on pricing.
Orange Leaf franchisee seeks $33M in suit
A dispute between one of the nation’s largest frozen yogurt chains and a local franchisee has sparked dueling lawsuits, in one of which the franchisee is seeking $33 million in damages.
Finish Line adds chain of running specialty stores
The Finish Line Inc. has acquired a chain of five stores in the Kansas City, Missouri, area through its subsidiary, the Running Specialty Group.
Sources: Simon eyeing Anson for outlet mall
The Indianapolis-based mall developer is planning to build on 50 acres near Interstate 65 and Whitestown Parkway in Boone County, sources say, and could have a deal finalized early next year.