Fewer Americans shopped during Black Friday weekend, and those who did spent less than they did a year ago. It’s the latest example of how the pandemic has upended consumer habits and created new challenges for retailers.
Simon, partners plan to shake up merchandise mix at J.C. Penney
Simon Property Group, which is expected to acquire J.C. Penney out of bankruptcy with partners in an agreement approved Monday, reported third-quarter results that fell short of Wall Street expectations.Read More
Pet supplies chain with 10 local stores going out of business
The retailer has 358 stores, including four in Indianapolis, two in Carmel and one each in Brownsburg, Greenwood, Shelbyville and Zionsville.Read More
J.C. Penney predicts bankruptcy protection exit by Christmas
Substantially all of J.C. Penney’s retail and operating assets will be acquired by Indianapolis-based Simon Property Group and Brookfield Asset Management Inc. and through a combination of cash and new term-loan debt.Read More
Kroger to close Broad Ripple fixture after 66 years
Kroger said the store, which has nearly 40 employees, hasn’t operated profitably for several years and that a turnaround wasn’t realistic.Read More
The deal appears to upend Sephora’s 14-year exclusive relationship with J.C. Penney, which filed for Chapter 11 bankruptcy protection in May.
The big question: How much value does the RadioShack brand have when the prized target audience of younger consumers might have never owned a radio, let alone stepped inside a RadioShack store?
BoomBozz Craft Pizza & Taphouse has called quits after four years in Fishers. A liquor store chain has acquired the building and is planning to open there in January.
The print of the heron stood out because it seemed so, well, Indiana. I know of so many places in the state that I can drive by or walk by and almost certainly see a heron standing tall.
The shops, which will each be about 1,000 square feet and carry makeup, skincare, and fragrances, will operate beside existing beauty sections in Target stores, the companies said Tuesday.
The 92,000-square-foot facility, which will handle last-mile delivery for bulky items like grills and patio furniture, is part of the retailer’s $1.7 billion investment in its distribution network.
Small side tables are especially fun if they make a bit of a statement on their own. And so is the case with this solid iron end table made by Classic Home and sold for $239.
These vintage-style prints with their rustic frames would fit right into today’s popular farmhouse decor. But they’d look just as good in a more traditional home, especially in a small powder room, entryway or laundry space.
The closure of so many mall stores will be a blow to Indianapolis-based shopping center giant Simon Property Group. Gap Inc. has more than 390 stores at Simon’s malls, including its namesake brand, Old Navy and Banana Republic.
Dollar General launched its DGX concept in 2017. It now has 14 locations around the nation, including one that opened this summer on Mass Ave.
The program will allow a small number of entrepreneurs, particularly minorities, to pitch their products directly to Lowe’s, sidestepping a traditionally arduous process of getting their goods sold in 2,200 stores.
Indianapolis-based shopping mall giant Simon Property Group announced Monday that it plans to join the growing retail trend of not being open on Thanksgiving Day.
The tentative rescue deal, which would preserve about 70,000 jobs, includes a $300 million equity investment by landlords Simon Property Group and Brookfield Property Partners, a lawyer for J.C. Penney said at a Wednesday bankruptcy hearing in Texas.
The Ace Hardware owner cited a variety of reasons for the closure, including the difficulty of competing against larger retailers and increased business costs.
The store on the ground floor of the historic William H. Block Building closed in the spring because of the pandemic. It sustained damage during the riots and looting that took place downtown in late May.
The San Francisco-based company plans to offer local retailers an online platform where they can reach customers and sell their products.
Called Walmart+, it will cost $98 a year, or $12.95 a month, and give members same-day delivery on 160,000 items and other benefits.
Walmart said in a statement Thursday that a deal with Microsoft and TikTok could help it expand its advertising business and reach more shoppers.
With unemployment in the U.S. hitting frighteningly high levels, Walmart’s ability to deliver low-priced food, clothing and electronics strengthened its structural advantages.