Target under 40-day boycott over decision to end DEI initiatives
Organizers of the “Target Fast” urged people who take part to stop shopping at Target and instead redirect their dollars to Black-owned businesses.
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Walgreens agrees to be acquired by private equity firm for almost $10B
A buyout to take the drugstore chain private would give it more flexibility to make changes to improve its business without worrying about Wall Street’s reaction. Walgreens has been a public company since 1927.
Toys expected to cost more by fall due to new tariffs on Chinese imports
Nearly 80% of the toys sold in the U.S. are sourced from China, according to The Toy Association, a national industry group.
Egg prices could jump 41% this year, USDA says, as Trump’s bird flu plan is unveiled
With an emphasis on farms tightening their measures to prevent bird flu’s spread, Agriculture Secretary Brooke Rollins said the USDA will invest another $1 billion on top of the roughly $2 billion it has already spent since the outbreak began in 2022.
Joann plans to close all stores, cease business operations
Monday’s announcement comes less than two weeks after the retailer announced it would close more than two-thirds of its stores, including two in the Indianapolis area.
Walmart rolled through 2024, but uncertainty about consumers and tariffs seep into year ahead
The financial outlook from nation’s largest retailer, which has thrived amid stubborn inflation, delivered a jolt across the retail sector.
New rule aims to help consumers cancel subscriptions, memberships
The click-to-cancel rule went into effect Jan. 14, although sellers have until May 14 to comply.
Big Lots puts more store leases up for sale
Bankrupt discount retailer Big Lots has added more than 200 stores to a nationwide list of locations that are likely to close, including a pair of stores in Indianapolis.
U.S. egg prices hit record high and are likely to keep climbing
The spike in egg prices was the biggest since the nation’s last bird flu outbreak in 2015 and accounted for roughly two-thirds of the total increase in food costs last month, according to the U.S. Bureau of Labor Statistics.
UPDATE: Target planning second store in Fishers
Fishers Mayor Scott Fadness announced the news Wednesday during his annual State of the City address.
Downtown Indy lunch joint Subito adds Guy Fieri bump to expansion progress
Subito’s appearance on “Diners, Drive-Ins and Drives,” grabbed attention, but behind the scenes, the downtown lunch mainstay was already making moves.
Windsor Jewelry store revived by new ownership
The demise of Windsor Jewelry in downtown Indianapolis was short-lived, thanks to two attorneys who purchased the 106-year-old downtown business.
Leon Tailoring Co., an icon of Indianapolis retail, closing after 120-year run
Leo Ettinger, grandfather of current owners Larry and Norman Ettinger, established Leon Tailoring Co. in 1905.
Target joins others in scaling back diversity, equity and inclusion initiatives
Target, which operates nearly 2,000 stores nationwide and employs more than 400,000 people, said it already had planned to end the program this year.
Chatham Home furniture and gifts store to exit downtown for Carmel
In business in the Mass Ave neighborhood since 2011, Chatham Home is aiming for a July opening in Carmel’s Arts & Design District.
Rosy December for small business sales, except at restaurants
The strongest selling categories were general merchandise, clothing, shoes and jewelry retailers, furniture, electronics, appliances and grocery.
Greenwood store Red Dog Books faces closure, seeks new home
Red Dog Books, a tenant of Greenwood’s Allyne Parke shopping center since 2018, received notice on Jan. 14 that its lease will be terminated.
Nation’s largest trade group says holiday sales rose more than expected
The National Retail Federation said the 2024 holiday shopping season turned out to be robust, as easing inflation on merchandise drove shoppers to buy.
Starbucks reverses open-door policy for non-customers
If you want to hang out or use the restroom at Starbucks, you’re going to have to buy something.
Surgeon general calls for label on alcohol to warn of cancer risk
Surgeon General Vivek Murthy said alcohol consumption is to blame for nearly one million preventable cancer cases in the U.S. over the last decade.