Simon hopes to do ‘transformational redevelopment’ of Sears space at Castleton Square mall
The two-story location is one of 63 Sears that parent Sears Holdings announced Thursday were “non-profitable” and would be closing.
The two-story location is one of 63 Sears that parent Sears Holdings announced Thursday were “non-profitable” and would be closing.
The Castleton Square store is among three in Indiana that the struggling retailer included on its latest closure list.
The store’s 86-year-old owner and namesake has decided it’s time to retire. His store near Keystone at the Crossing has launched a going-out-of-business sale.
The collapse of Toys “R” Us Inc. is yet another blow for landlords—including Indianapolis-based Simon Property Group—who now will have gaping holes of suburban retail space up for grabs. And few tenants would want them.
The company’s troubles have affected toy makers Mattel and Hasbro, which are big suppliers to the chain. But the likely liquidation will have a more significant impact on smaller toy makers that rely more on the chain for sales.
The cookie and ice cream shop’s closure is the latest in a string of recent tenant departures from the downtown Indianapolis mall. The mall recently filed suit against the shop
One of Circle Centre’s original tenants is preparing to close, more than 22 years after entering the Indianapolis market with the downtown store.
Workers at Andrews Jewelers on the second floor of the downtown mall could be seen on Monday packing up gems and baubles behind security gates.
The world’s largest toy chain is planning to close about 180 Toys “R” Us and Babies “R” Us stores nationally as part of a reorganization plan to emerge from its September bankruptcy, according to a court filing.
The Indianapolis-based mall owner had sued Starbucks, attempting to stop the coffee giant from closing dozens of Teavana locations at its properties.
A Marion Superior Court judge has granted the Indianapolis-based mall giant’s request for a temporary injunction, at least for now preventing Starbucks from closing 77 Teavana stores in its properties nationwide.
The family-owned meat shop and full-service caterer has been operating in the northern suburbs since 1966. It moved from Zionsville to Fishers in 1969.
The holding company for Sears and Kmart announced plans to close 28 more stores after it lost $251 million in the second quarter and revenue fell 23 percent.
The 40-year-old seller of recreational watercraft is staging a “going out of business sale” as its owner prepares for an active retirement.
Rather than featuring long, tall aisles like traditional groceries, the new-format stores featured a courtyard in the center with a dozen “boutiques” around the perimeter, each selling a certain category of goods.
Landlords across Indiana are feeling the pain from the collapse of Marsh Supermarkets, but none more so than a Canadian firm that had as many as 12 of the grocer’s stores in its portfolio.
In 2006, when Sun Capital Partners bought Marsh Supermarkets, the bet looked risky at best.
The pub opened in 1933, shortly after the 21st Amendment repealed the prohibition on alcohol. Its 124-year-old home, one of the few remaining flat-iron buildings downtown, soon will be available.
The seven closings come on top of three other store closures that Marsh confirmed earlier this week.
The three closures include a store involved in a lawsuit filed by a landlord that accuses Marsh of not paying rent at the site.