Editorial: Sojos is proving it’s serious about Lafayette mall resurrection
Improvements are already evident in the mall with promises of more to come.
Retail
Articles
Potential Kohl’s sale falls apart in shaky retail environment
Kohl’s shares tumbled as much as 20%, to $28.50 each, Friday morning, their biggest drop since March 2020. The stock had already fallen 28% so far this year through Thursday’s close.
FTC sues Walmart over scammers’ use of money transfer unit
In its lawsuit, the agency alleged that for years, Walmart failed to properly secure the money transfer services offered at its stores.
Oriental Inn calls its quits after 37 years in business
The owners of the east-side restaurant, which has been shut down since mid-November due to a kitchen fire, have decided to make the closure permanent.
Restaurant originally known as Next Door closes permanently
The restaurant’s building at the intersection of 46th Street and College Avenue previously was home to a 7-Eleven convenience store and a Double 8 grocery store.
Walmart expands health services in Indiana, two other states
Walmart said it chose to extend coverage to Louisiana, Indiana and Illinois because of the potential for instant impact for employees who live in those three states.
Do it Best CEO says Electric Works ‘will change the face of Fort Wayne’
Late this year, the company—founded in 1945—will move into a new, 200,000-square-foot headquarters as the anchor tenant of Electric Works, a massive redevelopment of a 39-acre historic campus in the core of Fort Wayne that housed General Electric Co. until it closed in 2014.
Havertys store to occupy part of a former Castleton-area Marsh
Havertys Furniture plans to exit its building at Castleton Commons, which it has occupied since 2005, and move less than a mile away to a site with more visibility.
Tampon manufacturers say they’re working to address reported shortages
On Monday, U.S. Senator Maggie Hassan sent a letter to Procter & Gamble, Edgewell Personal Care, Johnson & Johnson and Kimberly-Clark asking what they plan to do to address reports of diminished supply and price gouging by third-party sellers.
Facing huge inventory, Target cuts vendor orders, prices
Target is canceling orders from its suppliers, particularly in home and clothing, while slashing prices of goods in a bold move to clear out mounds of unwanted inventory ahead of the critical fall and holiday shopping seasons.
Kohl’s stock surges on buyout talks with Franchise Group
Shares of Kohl’s rose as much as 12% Tuesday morning after the retailer said that it is in advanced talks to be sold in a deal worth about $8 billion.
Walmart to employ more than 1,000 at massive McCordsville fulfillment center
Walmart on Friday provided new details about the massive, next-generation distribution center it is building in Hancock County.
Pressure growing to remove PFAS from fast food wrappers
Known as “forever chemicals” for their persistence in the environment, PFAS have been used for decades to prevent grease, water and other liquids from soaking through wrappers, boxes and bags.
Gucci to open boutique in Fashion Mall this month
The upscale store is set for a spot adjacent to both Saks Fifth Avenue and Louis Vuitton on the first floor of the eastern portion of the mall.
Fishers tech firm Vibenomics lands $12.3M in growth capital
Fishers-based Vibenomics, which provides in-store music, audio advertising and messaging to retail customers, said the funding will help fuel its growth.
Circle Centre owners take first steps in recasting downtown mall
The ownership group plans to begin conversations with potential developers in the near future, after receiving suggestions from four design groups for remaking the massive property as a mixed-use district.
Sportsman’s Warehouse among new tenants at Brownsburg retail center
A trio of “junior anchor” stores will join a recently opened Kroger at the renovated Brownsburg Square retail center, where a Kmart closed in 2017.
Retail sales rise 0.9% as consumers show resilience
Consumers are providing critical support to the economy even after a year of seeing prices spiral higher for gas, food, rent, and other necessities.
Fewer nuggets, smaller salads as shrinkflation hits U.S. restaurant diners
Feeling a bit cheated when you look down at your plate? It’s not just a figment of your imagination—portions at some U.S. restaurants are indeed getting smaller.
Q&A: Cooking school for kids opening second location
In 2015, Stephanie Drewry launched a children’s cooking school in her home, with the vision of eventually opening a brick-and-mortar location. Two years later, she opened Sprouts Cooking School in Carmel. A second location is on the way.