Kohl’s ousts CEO Buchanan after investigation into some vendor transactions
The firing comes at a time when Kohl’s, which operates 1,600 stores across the country, is wrestling with sluggish sales.
Retailers
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Q&A with Oliver Winery CEO Pat Brown about the company’s growth
“My goal is, let’s have another 50 years,” Brown said. “How do we set ourselves up to keep the foundation and build on it? And there’s another 50, 100 years in this business or more.”
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Dollar Tree selling Family Dollar to private equity firms for $1B
The acquisition price marks a massive discount compared with how much Dollar Tree Inc. paid to buy Family Dollar in 2015 after a bidding war with rival Dollar General.
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Downtown Indy lunch joint Subito adds Guy Fieri bump to expansion progress
Subito’s appearance on “Diners, Drive-Ins and Drives,” grabbed attention, but behind the scenes, the downtown lunch mainstay was already making moves.
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Windsor Jewelry store revived by new ownership
The demise of Windsor Jewelry in downtown Indianapolis was short-lived, thanks to two attorneys who purchased the 106-year-old downtown business.
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Articles
Small retailers fear a lack of resources, time to ride out tariff results
Retailers across the Indianapolis area and across the country are bracing for the full impact of recent Trump administration tariffs, which they see as an immediate threat to their businesses.
Secondhand retailers poised to benefit if tariffs drive up new clothing costs
Price hikes may drive cost-conscious shoppers to online resale sites, consignment boutiques and thrift stores in search of bargains or a way to turn their wardrobes into cash.
E-commerce sites Temu, Shein say they’re raising prices due to tariffs
Temu, which is owned by the Chinese e-commerce company PDD Holdings, and Shein, which is now based in Singapore, said in separate but nearly identical notices that their operating expenses have gone up “due to recent changes in global trade rules and tariffs.”
New festival aims to increase appreciation of coffee and chocolate
Mokao is designed to raise awareness about what it takes for coffee to arrive in your cup and for chocolate to arrive on a store’s shelf, while also celebrating the communal power of coffee shops.
Kroger blames Albertsons for merger’s demise in new court filings
Kroger said in Tuesday’s court filing that it should not be forced to pay Albertsons a $600 million termination fee as well as billions of dollars in legal fees.
Indiana-based Shoe Carnival to convert more stores to Shoe Station brand
Shoe Carnival said it will transition 175 stores to the Shoe Station banner over the next two years, with the first 50 to 75 stores being completed in the first fiscal year.
Retailer Forever 21 plans liquidation sales after second bankruptcy
The retailer, which has minority ownership ties to Indianapolis-based Simon Property Group, has two stores in the Indianapolis area.
Vera Bradley to sell Pura Vida business as part of ‘strategic evolution’
Vera Bradley, which had already acquired a 75% ownership stake in the California-based jewelry brand in 2019, acquired the remaining 25% interest in 2023.
Ray Skillman planning to relocate west-side Indy dealerships to Whitestown
Indianapolis-based Ray Skillman Auto Group has submitted plans to the town of Whitestown to build its first car dealerships in the northern suburbs.
Indoor golf venues take off with serious, casual players
An increasing number of indoor golf clubs in the metropolitan area provide food, drinks and golf simulators that allow users to play full rounds or just take some hacks on dozens of golf courses from around the world.
Target under 40-day boycott over decision to end DEI initiatives
Organizers of the “Target Fast” urged people who take part to stop shopping at Target and instead redirect their dollars to Black-owned businesses.
Walgreens agrees to be acquired by private equity firm for almost $10B
A buyout to take the drugstore chain private would give it more flexibility to make changes to improve its business without worrying about Wall Street’s reaction. Walgreens has been a public company since 1927.
Toys expected to cost more by fall due to new tariffs on Chinese imports
Nearly 80% of the toys sold in the U.S. are sourced from China, according to The Toy Association, a national industry group.
Egg prices could jump 41% this year, USDA says, as Trump’s bird flu plan is unveiled
With an emphasis on farms tightening their measures to prevent bird flu’s spread, Agriculture Secretary Brooke Rollins said the USDA will invest another $1 billion on top of the roughly $2 billion it has already spent since the outbreak began in 2022.
Joann plans to close all stores, cease business operations
Monday’s announcement comes less than two weeks after the retailer announced it would close more than two-thirds of its stores, including two in the Indianapolis area.
Walmart rolled through 2024, but uncertainty about consumers and tariffs seep into year ahead
The financial outlook from nation’s largest retailer, which has thrived amid stubborn inflation, delivered a jolt across the retail sector.
New rule aims to help consumers cancel subscriptions, memberships
The click-to-cancel rule went into effect Jan. 14, although sellers have until May 14 to comply.
Big Lots puts more store leases up for sale
Bankrupt discount retailer Big Lots has added more than 200 stores to a nationwide list of locations that are likely to close, including a pair of stores in Indianapolis.
U.S. egg prices hit record high and are likely to keep climbing
The spike in egg prices was the biggest since the nation’s last bird flu outbreak in 2015 and accounted for roughly two-thirds of the total increase in food costs last month, according to the U.S. Bureau of Labor Statistics.