Macy’s sales at stores opened at least a year fell 0.6% during the November and December period, which was not as bad as most industry analysts had anticipated.
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
Pier 1 Imports, which is led by the former CEO of defunct retailer HHGregg, plans to shut down hundreds of stores as it struggles to draw consumers and compete online.
The closure will leave the downtown mall with only a handful of tenants who were part of the shopping center’s 1995 opening day store lineup.
The chain, which specializes in organic and natural food, plans to close its stores in Carmel, Noblesville and Greenwood on Jan. 11.
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.
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.