The shutdown of 96 more Sears and Kmart locations will leave just 182 outlets for the company, which was once America’s biggest department store chain.
High-end Nora furniture store to close at year’s end
Form + Function owner Helmut Fortense is shutting down his store at the end of the year following 23 years in business so he can retire.Read More
Square Donuts shops in Indianapolis area shut down
More than half of the Square Donuts shops in Indiana—including two locations in Indianapolis and one in Carmel—have closed because of contract issues, the owner of the parent company confirmed Monday.Read More
The owner of longstanding local retailer Keen Children’s Shoes says she’s closing the store because it has become too difficult to compete in a changing retail landscape.
Women’s retailer Avenue Stores LLC is closing all 222 of its locations in 33 states, the company announced this week.
The Deerfield, Illinois-based company operates more than 18,000 stores worldwide, including 55 or so in the Indianapolis area.
The store sells a wide assortment of natural and organic foods, but sales have been stagnant, said owner Chris Baggott, who owns several other businesses in the area and co-founded ExactTarget Inc.
Another Scotty’s Brewhouse has shut down, marking the ninth closure for the Indianapolis-based restaurant and bar chain in the last six months.
The store, which opened in 2004, is scheduled to close permanently July 12. It is one of eight Neighborhood Market stores the retailer operates in the Indianapolis area.
Circle City Bicycles, founded in 1922, started its going-out-of-business sale on Monday and expects to close its doors in August.
One year after the closure of Carson’s at Circle Centre, city and mall officials are still looking for the right tenant—or mix of tenants—to fill the massive footprint.
The number of closures indicates that traditional retailers are struggling to respond to shoppers' increasing shift online even as they're working hard to reinvent their businesses.
Nashville, Tennessee-based LifeWay Christian Resources plans to close all of its bookstores nationwide this year and operate online only.
Los Angeles-based Z Gallerie said it plans to close 17 of its 76 stores as part of the Chapter 11 reorganization.
In central Indiana, there are 48 Family Dollar stores and 38 Dollar Tree stores within 25 miles of downtown Indianapolis.
The Gap brand has struggled as part of a broader slump for brick and mortar retailers, even as the lower-priced Old Navy brand has resonated with discount shoppers.
Columbus, Ohio-based owner L Brands Inc. operates 957 Victoria’s Secret shops in the United States, including eight mall stores in the Indianapolis area.
With a bid of more than $5 billion, Eddie Lampert has won a bankruptcy auction for Sears with a plan that will keep the retailer in business and seek to save tens of thousands of jobs.
The family-owned business says it wants to focus its efforts on its main location, a 10-acre growing facility and retail store on the city’s west side.
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.
The street-level retail tenants in One North Penn are preparing to either relocate or close for good as the office building’s transformation gets under way.