Target joins others in scaling back diversity, equity and inclusion initiatives
Target, which operates nearly 2,000 stores nationwide and employs more than 400,000 people, said it already had planned to end the program this year.
Retailers
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Chatham Home furniture and gifts store to exit downtown for Carmel
In business in the Mass Ave neighborhood since 2011, Chatham Home is aiming for a July opening in Carmel’s Arts & Design District.
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Greenwood store Red Dog Books faces closure, seeks new home
Red Dog Books, a tenant of Greenwood’s Allyne Parke shopping center since 2018, received notice on Jan. 14 that its lease will be terminated.
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New sports bar Tom’s Watch opens in downtown Indianapolis
Indianapolis is the 13th Tom’s Watch Bar location. The 10,000-square-foot restaurant features 135 screens as well as a full food and drink menu.
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Rene’s Bakery bounces back in Broad Ripple
Although Rene’s closed this summer because of the founder’s health challenges, the Broad Ripple pastry shop will relaunch in December under new ownership.
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Articles
Rosy December for small business sales, except at restaurants
The strongest selling categories were general merchandise, clothing, shoes and jewelry retailers, furniture, electronics, appliances and grocery.
Nation’s largest trade group says holiday sales rose more than expected
The National Retail Federation said the 2024 holiday shopping season turned out to be robust, as easing inflation on merchandise drove shoppers to buy.
Starbucks reverses open-door policy for non-customers
If you want to hang out or use the restroom at Starbucks, you’re going to have to buy something.
Surgeon general calls for label on alcohol to warn of cancer risk
Surgeon General Vivek Murthy said alcohol consumption is to blame for nearly one million preventable cancer cases in the U.S. over the last decade.
Value-seekers drove 2024’s retail trends and dead ends
Shoppers and restaurant patrons in the U.S. were choosy about where and how to spend their money as they wrestled with high housing and food prices.
Big Lots says it found a buyer that will keep some stores open
It was unclear Friday how many stores could remain open in total. Indiana has more than 40 Big Lots locations, with a dozen in the Indianapolis area.
Holiday shoppers increased spending by 3.8% despite higher prices
This year, retailers were even more under the gun to get shoppers in to buy early and in bulk since there were five fewer days between Thanksgiving and Christmas.
The Container Store, buffeted by rough housing market and competition, seeks bankruptcy protection
The filing arrives two weeks after the trading of company shares was suspended by the New York Stock Exchange. Under Chapter 11 protection, The Container Store will continue to operate while it restructures.
Nordstrom to be acquired by Nordstrom family and Mexican retail group for $6.25B
Nordstrom’s board of directors unanimously approved the the proposed transaction, while top executives Erik and Pete Nordstrom—part of the Nordstrom family taking over the company—recused themselves from voting.
Albertsons gives up on Kroger merger, sues grocery chain for failing to secure deal
Albertsons is accusing Kroger of not doing enough to secure regulatory approval for the $24.6 billion agreement, which would have been the largest grocery store merger in U.S. history.
UPDATE: Federal judge halts proposed supermarket merger between Kroger, Albertsons
Kroger and Albertsons in 2022 proposed what would be the largest grocery store merger in U.S. history. But the Federal Trade Commission sued earlier this year, seeking to block the $24.6 billion deal.
Bars, restaurants assessing impact of new ‘happy hour’ law
“Happy hour” made its return to Indiana in July, with the state’s restaurants and bars able to market drink specials during specific times of the day to their customers.
Q&A with Heather Givans: Crimson Tate owner builds following by designing fabric, quilts
Givans’ signature fabric designs, inspired by topics such as books and hiking, have been distributed worldwide by New Jersey-based Windham Fabrics since 2015. Meanwhile, her 19 quilting and craft patterns are sold under the Crimson Tate brand.
Kroger trims outlook for profit, sales amid uncertain economy
Kroger is waiting for a federal judge to rule on its proposed acquisition of Albertsons for about $24.6 billion, a deal it announced more than two years ago.
Cyber Monday shoppers expected to set record
Cyber Monday has become the biggest online shopping day of the year, thanks to the deals and the hype the industry has created to fuel it.
Target struggles in third quarter despite price cuts, offers tempered holiday outlook
Target’s stock plummeted 21% in morning trading Wednesday after the retailer fell short of Wall Street expectations for the quarter.
October’s retail sales report shows solid growth
One cautionary note is that grocery-store sales barely rose last month, a sign that many Americans might still be struggling to adapt to food prices that are still much higher than they were three years ago.
American Freight Appliances and Furniture closing all stores in Indianapolis
The owner of the retail chain, which operates stores throughout Indianapolis and Indiana, has agreed to close all stores nationwide as part of a Chapter 11 bankruptcy agreement.
Regal UA Circle Centre movie theater closes after 29 years
The nine-screen complex on the fourth floor of Circle Centre Mall served as one of the shopping center’s original attractions.