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.
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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.
Kohl’s shareholders reject board nominees pushed by activist that urges sale
The department store said Wednesday that shareholders have voted to re-elect all 13 of its director nominees, according to a preliminary tally at its shareholders’ meeting.
Amazon reports rare quarterly loss as online shopping slows
Amazon prospered during the COVID-19 pandemic as homebound people eager to limit human contact turned online to purchase what they need. But growth has slowed as vaccinated Americans feel more comfortable going out.
Home furnishings retailer plans to turn DeHaan estate into giant showroom, restaurant
National retailer RH is teaming with a developer to take over Linden House—the 152-acre Indianapolis estate of late businesswoman and philanthropist Christel DeHaan—and turn it into a huge home furnishings showroom, interior design gallery, upscale restaurant, wine bar and outdoor furniture gallery.
Walmart: Burned fulfillment center where 2,089 worked to remain closed
Walmart said 957 of the people employed at the facility have accepted new jobs with the company, while 1,132 “have not accepted alternative positions.”
In Indianapolis, Record Store Day is a full weekend of celebrating vinyl
After local shops observe Record Store Day on April 23, Indy CD & Vinyl will throw a 20th-anniversary party on April 24.
Total Wine & More taking former grocery space at Hamilton Town Center
The national liquor superstore chain that entered the Indianapolis market in 2020 with a store in Nora has filed plans for a 23,451-square-foot store at 13145 Levinson Lane in Noblesville.
Retail sales rose 0.5% in March amid soaring inflation
Soaring prices on everything, particularly at the gas pump, are now making shoppers choosier about how they spend their money.
Baby formula shortage strains families, forces stores to ration
Roughly 30% of formula products were out of stock across the country the week of April 3, according to data from Datasembly, a retail software company.
Once a retail giant, Kmart down to just three stores
Kmart’s demise is attributed to the rise of Walmart and Target and online behemoth Amazon. But retail expert Mark Cohen says the company also was dogged by poor management decisions and could have stayed viable.
Q&A with Gwendolyn Rogers, who is grasping her Disney dream
Rogers is placing one of her Cake Bake Shop restaurants at Disney’s BoardWalk at Walt Disney World Resort near Orlando. The Disney site is expected to open next year.