It turns out that Simon Property Group spun off its less profitable malls and zeroed in on high-end properties at just the right times. Analysts say middling malls are losing out as retailers decide where to pare locations.
Target Corp., which has 30 stores in Indiana, suffered its biggest intraday stock decline since 2008 Wednesday after it reported slowing sales.
Unlike some of its peers, Indianapolis-based Simon Property Group continues to attract star tenants such as Nike and Apple, command higher rents, and get attractive financing terms.
Home Depot, which has eight stores in the Indianapolis area, bucked the trend of many national retailers when it provided its financial outlook Tuesday morning.
Lombard, Illinois-based furniture retailer RoomPlace has acquired the massive and long-vacant Levitz Furniture building on East Washington Street and plans to renovate it into a showroom and warehouse, city officials announced Monday morning.
The Wisconsin-based men’s and women’s workwear retailer, which raised $80 million in an IPO last year, has filed plans to build a store next to Cabela’s near Hamilton Town Center.
April’s sales gains paint a healthier picture of retail spending than did a slew of troubling reports released this week by Macy’s, Nordstrom, Kohl’s and J.C. Penney.
The south side institution said on its Facebook page that it has “run its course in Greenwood,” although the Byrd Conference Center there will continue operations.
David Baxter has been named president and CEO at Zionsville-based Lids Sports Group, succeeding former president Kenneth Kocher, who resigned in February after more than 10 years in the position.
Shares in Kohl’s Corp. slid almost 9 percent in morning trading Thursday after the retailer with 13 Indianapolis-area stores reported first-quarter results that missed analysts’ estimates.
The cost of making everything from quiches to cakes is less than before avian influenza killed more than 35 million laying hens and the government spent $1 billion to prevent the disease from spreading.
Macy’s Inc., the largest U.S. department-store company, is still suffering from sluggish mall traffic and increased competition from other stores and off-price retailers.
Lumber Liquidators Holdings, which has three stores in the Indianapolis area, saw its stock tumble Tuesday after it reported weak sales results brought on by allegations that it sold tainted flooring.
Staples and Office Depot on Tuesday called off their planned $6.3 billion merger after a federal judge blocked the deal, saying the combination would likely hurt competition in office supplies. The chains have about 15 Indianapolis-area stores.
J.C. Penney says it's expanding its rollout of major appliances to nearly 500 stores by this fall, or almost half of its stores.
Indiana is on a pace to shatter last year's record of more than 1 million background checks.
Clothing retailer Aeropostale, once the vibrant epicenter of the shopping mall scene, is seeking Chapter 11 bankruptcy protection and closing 113 of its 739 U.S. stores.
A study from CBRE says that by summer more than 50 microbreweries will be operating in the Indianapolis area and occupying space that otherwise might have remained vacant.
Restaurant chain Bob Evans Farms is closing 27 underperforming locations—including two in the Indianapolis area—and laying off 1,100 workers in an attempt to boost profits, it announced Monday.
Trading in shares of Aeropostale, the retailer with five stores in the Indianapolis area, was suspended Friday as the New York Stock Exchange made plans to delist the company.
