Kohl’s confirms approach about potential acquisition
Kohl’s said Monday that its board is reviewing the offers, sending shares up more than 30% in early trading Monday.
Retailers
Articles
Fishers-based Vibenomics signs audio deal with grocery chain Hy-Vee
Vibenomics, which offers music, advertising and audio messaging for retailers nationwide, says its audio will be heard in the Iowa-based grocery chain’s stores beginning Feb. 15.
Target CEO expects fewer store trips as shoppers confront inflation
Target’s top executive said U.S. consumers will drive less and consolidate their shopping into fewer trips as they adjust to pricier gasoline and the highest inflation rate in almost four decades.
Vinyl record plants struggle to keep up with resurgent demand
Although online streaming accounts for most music-industry revenue, vinyl pressing plants can’t keep up with the renewed desire for records—the format considered obsolete after the rise of compact discs in the late 1980s.
Q&A with Ron Jordan, dishing out pizza and empowerment
Columbus, Ohio-based Jordan Hospitality Group recently acquired all 21 Indiana locations of Donatos Pizza, making it the pizzeria’s largest franchise partner in the country. Owner Ron Jordan says he plans to open as many as 10 more restaurants across the state over the next five years.
Average price for used car climbs past $29K, leaving would-be buyers aghast
When the government reported that consumer inflation rocketed 6.8% in the 12 months that ended in November—the sharpest jump in nearly 40 years—the biggest factor, apart from energy, was used vehicles.
Former Milktooth chefs plan bakery, restaurant and market in Speedway
Borage restaurant, bakery and cafe will feature pastries made by Zoë Taylor and menu designed by recent Turchetti’s chef Josh Kline.
Pure Eatery set to close at Fountain Square’s Murphy Art Center
Pure Eatery plans to end its 11-year run as a fixture in the Fountain Square neighborhood, the owners said Tuesday in a social media post.
North of 96th roundup: Cupcake bakery, Books & Brews store set to close
Hamilton County will soon be losing a cupcake bakery and a combination bookstore and bar, but it’ll be gaining a Just Love Coffee Cafe and two poke eateries. Also on the agenda is the return of Flix Brewhouse.
Indiana-based Shoe Carnival buys Alabama-based Shoe Station
With the addition of Shoe Station, Shoe Carnival said it expects to exceed 400 stores by the end of 2022 on a path toward double-digit growth in new stores in the years ahead.
Holiday shoppers navigate shortages with mixed results
The holidays have always been defined by disappointing out-of-stock messages on the most popular items. But the pandemic-induced supply chain snarls have created unprecedented shortages across all types of products.
Christmas tree buyers face reduced supplies, higher prices
Extreme weather and supply chain disruptions have reduced supplies of both real and artificial trees this season.
Cyber Monday caps robust holiday shopping weekend
Americans are spending freely and going back to store shopping, knocking out some of the momentum in online sales from last year when Americans were making many of their purchases exclusively via the internet.
Supply chain will be holiday grinch for local retailers, shoppers
But the pure randomness of shipping problems and the unpredictability of consumer demand make it difficult to predict exactly what will be in short supply.
Discount chain Dollar Tree hiking prices to $1.25
After 35 years of selling goods for a buck, Dollar Tree is boosting its standard price point to $1.25, the company said in a statement Tuesday.
Target to keep stores closed on Thanksgiving for good
Target is the first major retailer to make such a permanent move during the pandemic, and its decision could push other retailers to follow in its path.
Expect to pay more for Christmas trees, experts say
Experts said tree buyers should expect to pay between 10% and 30% more for both live trees and artificial trees this year and also have a smaller selection to choose from.
Americans ramped up retail spending in October
Solid hiring, strong pay raises, and healthy savings for many households are underpinning robust spending. But much of the sales increase reflected higher prices.
Long-vacant Fountain Square space becomes new home for Howl & Hide
Leather goods manufacturer Howl & Hide Supply Co. won’t be the only business setting up shop at 1046 Virginia Ave. Wild’s Barber Shop will join Howl & Hide at the site, which is across the street from the Murphy Art Center in the heart of Fountain Square.
Ikea forecasts tougher year due to supply-chain issues
The biggest problem is that Ikea’s growth is being crimped because the company can’t meet demand, its CFO said Wednesday.