Joann plans to close all stores, cease business operations
Monday’s announcement comes less than two weeks after the retailer announced it would close more than two-thirds of its stores, including two in the Indianapolis area.
Retailers
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Downtown Indy lunch joint Subito adds Guy Fieri bump to expansion progress
Subito’s appearance on “Diners, Drive-Ins and Drives,” grabbed attention, but behind the scenes, the downtown lunch mainstay was already making moves.
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Windsor Jewelry store revived by new ownership
The demise of Windsor Jewelry in downtown Indianapolis was short-lived, thanks to two attorneys who purchased the 106-year-old downtown business.
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Leon Tailoring Co., an icon of Indianapolis retail, closing after 120-year run
Leo Ettinger, grandfather of current owners Larry and Norman Ettinger, established Leon Tailoring Co. in 1905.
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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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Articles
Walmart rolled through 2024, but uncertainty about consumers and tariffs seep into year ahead
The financial outlook from nation’s largest retailer, which has thrived amid stubborn inflation, delivered a jolt across the retail sector.
New rule aims to help consumers cancel subscriptions, memberships
The click-to-cancel rule went into effect Jan. 14, although sellers have until May 14 to comply.
Big Lots puts more store leases up for sale
Bankrupt discount retailer Big Lots has added more than 200 stores to a nationwide list of locations that are likely to close, including a pair of stores in Indianapolis.
U.S. egg prices hit record high and are likely to keep climbing
The spike in egg prices was the biggest since the nation’s last bird flu outbreak in 2015 and accounted for roughly two-thirds of the total increase in food costs last month, according to the U.S. Bureau of Labor Statistics.
UPDATE: Target planning second store in Fishers
Fishers Mayor Scott Fadness announced the news Wednesday during his annual State of the City address.
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.
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.
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.
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.
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.
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.