What we’re loving: The Parker side table at RG Decor
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.
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What we’re loving: Botanical prints from FiveThirty Home
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.
Retailer Gap Inc. to close 350 stores, move away from malls
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.
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.
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.
Dollar General to open urban-concept DGX store in BMO Plaza
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.
Lowe’s offering small businesses ‘Shark Tank’ treatment
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.
Simon Property Group to keep all malls closed on Thanksgiving Day
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.
Simon, Brookfield reach deal with lenders to acquire bankrupt J.C. Penney
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.
Owner closes Butler-Tarkington hardware store after 43 years in business
The Ace Hardware owner cited a variety of reasons for the closure, including the difficulty of competing against larger retailers and increased business costs.
Reopening date for downtown T.J. Maxx store still uncertain
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.
Ecommerce startup TruLocal preparing to launch in Indianapolis
The San Francisco-based company plans to offer local retailers an online platform where they can reach customers and sell their products.
Walmart ready to launch its answer to Amazon Prime
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 joins Microsoft in bid for video app TikTok
Walmart said in a statement Thursday that a deal with Microsoft and TikTok could help it expand its advertising business and reach more shoppers.
Walmart has huge quarter as Americans go online for pandemic supplies
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.
Retailer Stein Mart files for bankruptcy, might close all 281 stores
Stein Mart is a discount retailer that runs 281 stores in 30 states, including four in the Indianapolis area.
Simon Property misses Wall Street expectations as profit sinks
The Indianapolis-based shopping mall operator said all of its U.S. properties have reopened, with the exception of a handful in California that were forced to close for a second time on July 15 because of government mandates.
IBJ Podcast: The owner of Windsor Jewelry talks about surviving the riots and pandemic
Plus, hear from Mayor Joe Hogsett, who spoke to IBJ’s editorial board last month about some of the very problems Bires is concerned about for downtown.
Target joins Walmart in closing on Thanksgiving, ending Black Friday kickoff
The move, announced Monday, come as retailers are rethinking Black Friday in-store bargain shopping as they try to curb the spread of the coronavirus, which has seen a resurgence in a slew of states.
Women’s apparel giant that includes Ann Taylor files for bankruptcy
The company says it intends to close all of its Catherines stores, a “significant number” of Justice stores and a select number of Ann Taylor, Loft, Lane Bryant and Lou & Grey stores.