Costco to raise starting hourly wage to $16, end hazard pay
The starting wage scale puts Costco above competitors, including Amazon, Target and Best Buy, which have $15 minimum wages.
Retailers
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Fry’s Electronics closes all stores, including Fishers location
The 180,000-square-foot Fishers store originally housed Incredible Universe, a media and electronics superstore owned by Radio Shack parent Tandy Corp. Fry’s took over the building in 2005.
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Splenda maker sues Speedway chain over knockoff sweetener
Carmel-based Heartland Consumer Products says Speedway offers knockoff sweetener in packets that are too similar to Splenda’s packaging, which could confuse customers.
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Airport’s retail-refresh timeline shifts with pandemic
Even amid dramatically reduced foot traffic, the facility’s work to refresh its slate of restaurants and shops is progressing—albeit more slowly than initially expected.
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Crumbl Cookies chain to open first Indiana store in Fishers
The Fishers shop opens this week, to be followed later this year by locations in Indianapolis, Greenwood, Carmel and Zionsville.
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Articles
Nation’s largest retail trade group forecasts strong sales growth
The National Retail Federation said Wednesday it anticipates that retail sales will grow between 6.5% and 8.2%, to more than $4.33 trillion, this year.
Kohl’s faces activist group seeking control of board
Kohl’s Corp. is under pressure from a group of activists who want to name nine directors to control its board and are pressing the retailer to reduce inventory and end its “dizzying array of promotional gimmicks.”
Retailer Shoe Show to depart Circle Centre
The North Carolina-based retail chain opened its Circle Centre location in late 2019. The company’s other area stores will remain open.
Vaccine delays leave grocery workers feeling expendable
A decentralized vaccine campaign has resulted in patchwork of policies that differ from state to state, and even county to county in some areas, resulting in an inconsistent rollout to low-paid essential workers who are exposed to hundreds of customers each day.
Old Navy to open store at Glendale in former Macy’s space
Retailer Old Navy will make a comeback at Glendale Town Center after a 15-year absence from the shopping center.
Target offers bonus pay to encourage workers to get vaccine
The retailer will offer its hourly employees as much as four hours of pay to get two doses of the vaccine, it said in a blog post Wednesday.
Roberts Camera to close Carmel store, consolidate operations
Owners of the 64-year old business—which was founded as a discount jewelry store in 1957 by Robert and Rose Pallman—cited several reasons for the decision.
T.J. Maxx to reopen downtown Indianapolis store next week
The discount clothing and home-goods store closed during last spring’s pandemic stay-at-home orders, then sustained damage during riots and looting in May. It’s set to reopen Sunday.
What we’re loving: A brass bar cart from Two Chicks District Co.
This Art Deco-inspired two-tiered brass cart features a mango wooden top and a built-in ice bucket.
Two more tenants depart Circle Centre
Sunglass Hut and GameStop have closed their Circle Centre stores. Both retail chains still have numerous other Indianapolis-area stores.
Levi’s first home collection deepens Target relationship
The move is yet another blow to department stores, which have been struggling even more during the pandemic.
Walgreens taps Starbucks exec Brewer as its new CEO
Roz Brewer will be the only Black woman leading a Fortune 500 company when she joins Walgreen’s on March 15.
16 Tech announces first round of food, retail vendors
The seven vendors, which include restaurants, a space for food entrepreneurs and a barber shop, will occupy 16 Tech’s 40,000-square-foot food and retail hall.
Petco goes public again as spending on dogs, cats soars
It’s the third time Petco has gone public since it was founded in 1965 as a mail-order veterinary supplies business. Both times Petco was bought and taken private, most recently in 2006.
Staples seeks to buy Office Depot parent in $2.1 billion deal
Staples previously tried to buy Office Depot, but the $6.3 billion acquisition was called off in 2016 amid antitrust scrutiny.
Habig Garden Shop closes Meridian-Kessler store
The College Avenue store was the original location for the retailer, which was operated there since the 1950s. The family-owned company’s two other locations, in Nora and Carmel, remain in operation.
Family Video chain closing all locations, including three in Indianapolis market
The Illinois-based video rental chain, which opened its first store in 1978, outlasted competitors Blockbuster, Movie Gallery and Hollywood Video, but said it could not withstand the disruptions caused by COVID-19.
Eddie Bauer to close Circle Centre location
The closure is another hit to the struggling mall overseen by Simon Property Group. Last month, clothing retailer Express confirmed it also was closing its Circle Centre Location after 25 years there.
Krispy Kreme files plans for Indy doughnut store
The North Carolina-based retailer hasn’t had any stores in the Indianapolis market since at least 2011, but it recently filed plans for a store in Castleton.