Discount retailer Tuesday Morning files for bankruptcy again
The retailer emerged from its last bankruptcy in January 2021 after closing about 200 stores, cutting its employee head count and slashing debt.
Retailers
Articles
IBJ Podcast: He stitched handbags in his Irvington basement, and now it’s a $1M business
In conversation with podcast host Mason King, Howl & Hide’s Christian Resiak details the process of building the business from scratch and his grand plan to become a global brand.
Bed Bath & Beyond to close 5 more Indiana stores, including one in Noblesville
Struggling retailer Bed Bath & Beyond Inc. disclosed this week that it will close 150 more stores in the United States.
Bed Bath & Beyond plans share sale in bid to avoid bankruptcy
The retailer, which has been preparing for a Chapter 11 filing after lenders declared it in default last month, priced new convertible preferred securities and warrants, it said in a statement Tuesday, in a deal that will ultimately raise more than $1 billion.
Furniture retailer closing Indianapolis-area stores
The move into the Indy area in 2014 was supposed to the first step in a multi-market expansion for Weekends Only Furniture & Mattress. The whole chain is now slated for liquidation.
Is tide turning against tipping as requests become automatic?
As more businesses adopt digital payment methods, customers are automatically being prompted to leave a gratuity—many times as high as 30%—at places they normally wouldn’t.
Small retailers could seek fighting chance under Roosevelt-era antitrust law
For years, Robinson-Patman was a mainstay of FTC enforcement. But the law fell out of favor as antitrust experts focused on consumer prices, arguing that retailer discounts would likely be passed on to consumers.
Bed Bath & Beyond warns about bankruptcy as sales plummet
“There is substantial doubt about the company’s ability to continue as a going concern,” the retailer said in a statement.
Crunch Fitness plans Michigan Road location, the chain’s first in Indiana
Crunch Fitness plans to occupy part of former J.C. Penney location near the intersection of 86th Street and Michigan Road.
Ice cream shop models how to employ people with disabilities
Howdy Homemade Ice Cream’s goal is to provide more jobs to people with an intellectual or developmental disability. But it also wants to help other employers see people with disabilities as a dependable workforce.
Mohr Automotive buys north-side Chrysler dealership
Finalized this week for an undisclosed price, the purchase makes Champion Chrysler Dodge Jeep Ram at 4505 W. 96th St. the Mohr company’s 12th dealership.
Retail sales drop at start of key holiday shopping season
Americans cut back on retail spending last month as the holiday shopping season began, with high prices and rising interest rates forcing families to make harder decisions about what they buy.
Simon turns to Chicago partner to bring online stores to malls
The Indianapolis-based shopping mall giant is getting a leg up on the emerging trend of online-only retailers moving into brick-and-mortar stores, a strategy analysts say could net the company a big payoff as it looks to develop new tenants.
Streetwear company is now ‘In the Mix’ on Mass Ave
Nap or Nothing streetwear retailer plans to open this week in a 3,000-square-foot spot previously occupied by Escape the Room.
Party City restarts talks with creditors as cash pile dwindles
Party City’s debt load is unsustainable, according to S&P Global Ratings, which downgraded the company deeper into junk territory last month.
Goodman’s, other stores to leave Nora Plaza as Kite plans changes
The changes come after Indianapolis-based Kite acquired most of the 163,500-square-foot shopping center for $29 million in January.
Bed Bath & Beyond suppliers halt shipments despite new financing
Suppliers say they remain concerned about the retailer’s survival and have cut off or cut back on merchandise they ship to the company.
Starbucks on Monument Circle to permanently close
The company said in a statement sent to IBJ that its first priority “is to make sure our partners are safe at work.”
Bicycle Garage Indy to exit City Market complex for new location
One of three Bicycle Garage Indy locations is shifting to the Box Factory development near Massachusetts Avenue and the Monon Trail.
Retail sales flat in September as inflation takes bite
Evidence that the Fed’s fight to cool the economy might be taking hold can also be seen, particularly with big-ticket items. Sales at auto dealers fell 0.4% last month, and shoppers continued to pull back on appliances, electronics and furniture.