National Retail Federation forecasts solid holiday sales growth
The new holiday forecast is above the average holiday sales growth of 3.7% over the previous five years.
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Shoppers getting more options for returning online purchases
Retailers aim to reduce costs while making it easier for shoppers to return online items. The average return rate for online transactions is 25% compared with 8% for store purchases, according to Forrester Research
Forever 21 fashion chain files for Chapter 11 bankruptcy
Indianapolis-based Simon Property Group counts Forever 21 as its sixth-largest mall tenant, excluding department stores, with 99 outlets covering 1.5 million square feet, as of March 3.
Walmart to stop selling electronic cigarettes
The nation’s largest retailer said Friday that it will complete its exit from e-cigarettes after selling through current inventory.
Walmart to stop selling ammo for handguns, short-barrel rifles
The retailer has long found itself in an awkward spot with its customers and gun enthusiasts. Many of its stores are in rural areas where hunters depend on Walmart to get their equipment.
Target has big quarter amid intense retail environment
Target topped expectations in just about any measurable way during the second quarter. The retailer’s stock rose 18 percent Wednesday morning.
Department stores making room for used fashion as resale becomes mainstream
The moves mark the most dramatic evidence of how resale is becoming so mainstream that traditional sellers can no longer ignore it.
Plus-sized retailer with two local stores going out of business
Women’s retailer Avenue Stores LLC is closing all 222 of its locations in 33 states, the company announced this week.
Women’s retailer Charlotte Russe to reopen in Castleton Square
The company shut down all five of its Indianapolis-area stores earlier this year after filing for bankruptcy, but the brand has a new owner that is reopening stores in some locations.
Retail rivals crash Amazon’s Prime Day party
The gravitational pull of Amazon Prime Day is so strong on shoppers it’s benefiting other online retailers as well, according to an early analysis from a key data group.
U.S. retail sales jump in June in sign of consumer health
Measures of consumer confidence remain historically high and June’s retail sales figures suggest that consumer spending, which drives two-thirds of the economy, remains strong.
Fashion accessory retailer Charming Charlie going out of business
The 15-year-old chain, which has stores in Carmel, Noblesville and Greenwood, plans to close all 261 of its locations after filing for Chapter 11 bankruptcy.
Real estate company sues law firm over HHGregg property deal gone awry
A Carmel-based plaintiff has filed a lawsuit against Krieg DeVault, alleging the Indianapolis-based law firm’s failure to file a property deed in 2003 in a transaction involving defunct retailer HHGregg could now cost the real estate company millions of dollars.
Casual-dining chain O’Charley’s shuts down two Indianapolis locations
The regional restaurant chain has closed three restaurants in Indianapolis this year, leaving it with just one location in the city and six others in surrounding areas.
Retailers eager to lodge antitrust complaints against Amazon, Google
A leading U.S. retail group, whose members include Walmart, Target and Best Buy, is eager to aid antitrust enforcers that are poised to investigate whether Amazon and Alphabet's Google are harming competition.
Forever 21 officials asked landlords about possible acquisition, sources say
A small faction of officials at the struggling 800-store retailer talked to mall owners Simon Property Group Inc. and Brookfield Property Partners LP about a range of options, including a sale, according to people with knowledge of the matter.
Toys ‘R’ Us, back from dead, plans to open U.S. stores in 2019
About a year after closing U.S. operations, the remnant of the defunct toy chain is set to return this holiday season by opening some U.S. stores and an e-commerce site, according to people familiar with the matter.
Walmart to pay $282 million over foreign corruption charges
The nation's biggest store chain said the two settlements close the books on federal investigations that stretch back to 2012 and have collectively cost the company more than $900 million.
Walmart to pay $282 million over foreign corruption charges
The nation's biggest store chain said the two settlements close the books on federal investigations that stretch back to 2012 and have collectively cost the company more than $900 million.
Meijer rolls out mobile checkout app at Indianapolis stores
Grand Rapids, Michigan-based Meijer said the app has been downloaded more than 1.1 million times since it started testing it in Michigan last year.