Marsh exit strategy: Sell individual stores?
Struggling Marsh Supermarkets’ best bet at this point would be to close underperforming stores and find buyers for its most profitable ones, industry experts say.
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Missteps, market shifts bury once-thriving HHGregg
The 62-year-old company is joining the trash heap of failed appliance and electronics retailers, done in by a long list of problems—including overexpansion and a collapse in sales of consumer electronics.
Payless closing list doesn’t leave Indiana unscathed
The struggling discount chain, which filed for Chapter 11 bankruptcy protection April 4, has released a list of nearly 400 Payless Shoe Source stores that it plans to close immediately nationwide.
Marsh to close store near 53rd and Keystone
Marsh Supermarkets, which has been showing signs of struggle amid growing competition, plans to close the store Jan. 28. The location is where Marsh opened its first Indianapolis store, in 1957.
Limited stores, including two in Indy, closing nationwide
The longtime clothing retailer shut the doors to its Circle Centre mall location Dec. 24, while the one at Castleton Square Mall is set to close Saturday.
Hancock Fabrics to close remaining stores
The Hancock Fabrics’ website is advertising a going-out-of-business sale online and in its stores, including those at 2192 E. 116th St. in Carmel and 8811 Hardegan St. on the south side of Indianapolis.
Johnny Rockets closes restaurant in Circle Centre mall
The burger joint served its last customers on Sunday in the mall’s food court, joining a growing list of tenants departing the mall’s third floor.
Marsh says it will upgrade nearly half its stores in 2016
The Fishers-based grocery chain did not say how much it would spend to "remodel and upgrade" 30 of its 73 stores.
Wal-Mart to close 269 stores amid increasing competition
Of the 154 stores being closed in the U.S., 102 will be in its Walmart Express category, which has been in a pilot program since 2011. About 10,000 U.S. employees will be affected.
Double 8 closes four remaining grocery stores
Declining revenues were too much of a challenge to overcome, the local grocer said in a statement. The chain opened its first store in 1957.
Gap to shut down 175 stores in turnaround bid
About 175 underperforming Gap stores will close in North America as part of a comeback plan for the business, which has posted sales declines for five straight quarters and lagged behind its sister chain Old Navy.
Walgreen aims to close about 200 stores nationwide
The store closings amount to about 2 percent of the 8,232 Walgreens drugstores it runs in the United States, Puerto Rico and the U.S. Virgin Islands.
States ask court to keep RadioShack from selling customer data
Twenty-two states, including Indiana, have rallied around Texas in its legal challenge to RadioShack’s plan to sell personal data on 117 million customers.
As Circle Centre turns 20, declining performance, anchor woes spur worry
Sales per square foot are down, the building itself is aging, and persuading the lone anchor, Carson Pirie Scott, to stay another three years required generous incentives.