Holiday sales up 7.6% despite squeeze of inflation
U.S. sales between Nov. 1 and Dec. 24, a period that is critical for retailers, were fueled by spending at restaurants and on clothing.
Shopping Centers
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One dead, one wounded in shooting outside Castleton Square
The shooting occurred just before 8 p.m. outside the state’s largest shopping center, the Indianapolis Metropolitan Police Department said.
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North High Brewing Co. opening taproom in Circle Centre Mall
The Ohio-based brewer plans to begin serving pizza and craft beer Thursday in part of the former Granite City Food & Brewery location in the downtown mall.
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Lafayette Square’s new owner points to $50M in upgrades so far
Owner Fabio de la Cruz said said the investment is only the start of what’s expected to be at least a $200 million project through his firm Sojos Capital LLC.
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UPDATED: Shooting at Greenwood Park Mall leaves 4 dead, 2 injured
On Monday morning, the Johnson County Coroner’s Office said two men were pronounced dead at the scene, and a woman and a man were pronounced dead at local hospitals.
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Articles
Holiday procrastinators are back in force. Blame inflation.
This year, supply chain snags have eased and shoppers aren’t as worried about availability as they are about higher prices on everything from rent to food, causing them to postpone their buying until the last minute.
Greenwood mall gunman had fascination with Nazis, mass shootings, police say
Although the three slain victims were Hispanic, there was no indication the shooting was racially motivated, according to Greenwood Police Chief James Ison during a press conference on Wednesday.
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.
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.
Reopening of former Lafayette Square Mall postponed
The shopping center at 3919 Lafayette Road, now known as Window to the World, was expected to reopen on Nov. 21, ahead of Thanksgiving weekend shopping.
Police: Greenwood mall gunman fired 24 times in 15 seconds
Preliminary autopsy results show gunman Jonathan Sapirman of Greenwood was shot eight times by an armed bystander, the Johnson County Coroner’s Office said Tuesday.
Rampage in Indiana mall a rare instance of armed civilian ending a mass shooting
Sunday’s violent episode at Greenwood Park Mall did not end like the majority of mass shootings in this country, with the assailant’s arrest, suicide or death at the hands of police officers.
Experts say shopping malls face tough balance to maintain safety
Experts say shopping center landlords have adopted extensive safety measures over the years to try to prevent mass casualty events, but going overboard with security can discourage business.
Developer plans three-month closure to speed redevelopment of Lafayette Square Mall
Sojos Capital said it has already begun multiple upgrades to the property, including replacing the roof, changing HVAC units, interior and exterior painting, and additional security enhancements.
Sportsman’s Warehouse among new tenants at Brownsburg retail center
A trio of “junior anchor” stores will join a recently opened Kroger at the renovated Brownsburg Square retail center, where a Kmart closed in 2017.
The changing face of Indy’s malls
Local malls and shopping centers are continuing to grapple with the decline in brick-and-mortar retail demand by trying to reinvent themselves with a focus on amenities.
Circle Centre owners commit to ‘transformative’ mall revamp
What’s next for the two city blocks that are now Circle Centre mall could start coming into focus over the next year.
Circle Centre ownership largely the same after 27 years
The disclosure of the group’s composition is the first since the mall opened in 1995, and comes about one week after Circle Centre Development acknowledged Simon Property Group’s exit.
Trust Hardware owner faces lawsuit over north-side store closure
Trust Hardware owner Adam Taylor says supply-chain and labor issues made it too tough to operate, so he closed two of his three stores last month. The landlord at his former Binford Shoppes store is suing Taylor for back rent.
Simon raises outlook after quarterly results top expectations
The Indianapolis-based shopping mall giant benefitted from a return of foot traffic to shopping centers after pandemic restrictions eased across the country.
Sportsman’s Warehouse snares first Indianapolis-area location
The 112-store chain sells gear for hunting, fishing, boating, camping and other outdoor activities. The Indy-area store will be the its second Indiana location.
Owner of Carmel’s Clay Terrace files for bankruptcy
Washington Prime Group, which filed for bankruptcy Sunday, said it may end up selling some or all of its properties as part of its restructuring. The company also owns several other local retail centers.
Jeweler Alex and Ani files bankruptcy after rapid expansion
Indianapolis-based mall owner Simon Property Group is among the retailer’s largest unsecured creditors; it is owed more than $3 million in rent payments.
Victoria’s Secret to be spun off a year after sale collapsed
Victoria’s Secret was to be sold to Sycamore Partners last year but the private equity firm sued to get out of the deal citing the coronavirus pandemic.