Stringtown fishing retailer calling it quits after seven decades
Westside Bait & Tackle, a family-owned fishing shop that opened in 1951, plans to close its doors for good on Dec. 31.
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National bridal retailer files for Chapter 11 bankruptcy
David’s Bridal, a 68-year-old retailer with more than 300 stores, including two Indianapolis-area shops, filed for bankruptcy Monday, with a plan to cut debt by more than $400 million.
Holiday shopping season expected to be huge, but not for all retailers
This Christmas season might be the last hurrah for some well-known retailers who are sitting on loads of unsustainable debt.
Brewpub closes after seven-month run in Butler-Tarkington
A brewery and restaurant that hoped to be part of the revitalization of the south end of the Butler-Tarkington neighborhood has closed, citing “unexpected circumstances.”
Glitchy Starbucks app irks customers even as shares hit record
The company, which on Thursday reported better-than-expected sales in the U.S., faced criticism on Twitter Friday morning as customers reported problems with its popular smartphone app.
Geoffrey the Giraffe to make comeback in Kroger aisles
Meanwhile, the hedge funds that now own the Toys “R” Us brand plan to relaunch the toy retailer as a standalone operation next year, according to people familiar with the matter.
Sears suppliers haunted by ghosts of Toys ‘R’ Us
Suppliers are still gun-shy after their experience with Toys ‘R’ Us, which went out of business months after filing for Chapter 11 reorganization in the fall of 2017, leaving them with millions of dollars in unpaid bills.
Lids Sports Group’s future growing cloudier by the day
Parent company Genesco started trying to sell the Zionsville-based division 10 months ago, but no deal has been struck. Meanwhile Lids' long-running decline has continued.
Duo to open Hamilton County’s first CBD dispensary
Vape and Wellness is expected to open this month in a 1,400-square-foot store near Kroger on Logan Street in Noblesville.
Lids, other baseball cap sellers about to feel impact of tariffs
According to the American Headwear Alliance, which represents producers such Zionsville-based Lids and Massachusetts-based ’47 Brand, the vast majority of caps sold in the U.S. are imported from overseas.
Local fireworks retailer going out of business with huge auction
A company that operated more than 240 seasonal stores is scheduled to auction off about $4.5 million in fireworks as well as vehicles and equipment later this month.
Simon to weather, maybe even benefit from Sears’ decline, analysts say
Indianapolis-based Simon Property Group and other mall landlords actually might be looking forward to redeveloping Sears’ massive stores with more promising tenants as the once-mighty retailer enters bankruptcy.
Last remaining local Sears, Kmart stores set for closure
Sears Holdings announced it was closing 142 more stores as part of Monday’s Chapter 11 bankruptcy reorganization plan.
Sears files for Chapter 11 bankruptcy amid plunging sales, massive debt
Given Sears’ sheer size, the bankruptcy filing will have wide ripple effects on everything from already ailing landlords to its tens of thousands of workers.
Downtown steakhouse closes after parent company’s bankruptcy
Downtown’s jam-packed steakhouse scene has become a little less crowded after the closure of an upscale player that debuted in Indianapolis in 2017.
Retailers up their game to fill void left by Toys ‘R’ Us closures
Retailers including Walmart, Target and Party City are trying to grab a piece of the nearly $3 billion left on the table by Toys “R” Us, or 12 percent of the U.S. toy market.
CVS-Aetna deal given go-ahead by U.S. antitrust regulators
The Justice Department’s approval clears the way for a merger that will create a health care giant with a hand in insurance, prescription-drug benefits and drugstores across the United States.
Sears preparing for bankruptcy as soon as this weekend
Sears Holdings Corp., the struggling U.S. retailer owned by hedge fund manager Eddie Lampert, is focused on a deal that would preserve stakeholders’ value in a court restructuring, according to a person with knowledge of the matter.
Nation’s largest mattress retailer closing 700 stores in bankruptcy
Mattress Firm’s initial round of closures will include at least one store in Indianapolis and two others elsewhere in Indiana.
Toys ‘R’ Us lenders file plan to revive brand, reopen stores
In a bankruptcy court filing Monday, the lenders said they had canceled a plan to auction off the company’s intellectual property. Instead, they are seeking to reorganize the assets into a new company that will invest in new retail operating businesses.