Retailers dreading potential holiday shortages
Because of bottlenecks in the global supply chain, many stores like Pigg’s are scrambling to try to get all the inventory they can ahead of the crucial holiday shopping season.
Retailers
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Consumer goods behemoth P&G warns retailers to expect higher prices
Procter & Gamble, the maker of Pampers diapers, Tide detergent and Crest toothpaste, said it’s raising prices on a range of goods as higher commodity and freight costs are set to take a bite out of its profits.
Signet bets $490M on bridal resurgence with Diamonds Direct deal
The cash deal will add 22 stores and 500 employees to Signet Jewelers Ltd.’s network. Diamonds Direct has one store in Indianapolis.
Target, in a tight labor market, lowers holiday hiring goal
About 100,000 seasonal workers will be hired nationwide, the retailer said Thursday, about 30,000 less than last year. Many of those workers will be offered jobs beyond the holiday season.
Delta variant poised to steal Christmas with empty shelves, long waits, higher prices
Analysts say they expect supply-chain issues to cause widespread shortages, less selection and higher prices for a number of popular holiday gifts, including gaming consoles, TVs, toys and sneakers.
Rise’n Roll bakery to open downtown store next week
This will be Rise’n Roll’s fifth Indianapolis-area location, in addition to stores in Broad Ripple, Fishers, Greenwood and Avon.
Target to offer debt-free education to front-line workers
Target Corp. is joining a growing list of retailers and restaurant chains offering educational assistance at select online institutions for its employees in a fiercely competitive job market.
After long delay, Beerded Swine opening in Lockerbie with meat, cheese, libations
Expected to debut by the end of September, The Beerded Swine is intended to be a sister shop to The Savory Swine in downtown Columbus.
Health department forces Broad Ripple ice cream shop to close
The Marion County Health Department forced the Baskin-Robbins in Broad Ripple to close last week because of a malfunctioning air conditioner. The shop’s owner said he has no plans to reopen.
Sportsman’s Warehouse snares first Indianapolis-area location
The 112-store chain sells gear for hunting, fishing, boating, camping and other outdoor activities. The Indy-area store will be the its second Indiana location.
Crown Liquors eyeing Fountain Square for large, high-end store
The outpost near the heart of Fountain Square’s business district would be the second-largest of 19 stores in the chain. Two local groups have opposed it, and its hearing for a state liquor permit is set for next month.
Furniture retailer L. Fish closing after nearly 70 years in Indianapolis
L. Fish, which has operated a furniture superstore on the east side of Indianapolis for decades, traces its roots to a now-defunct Chicago-based parent company that opened its first store in 1858.
Buy now, pay later appeals to buyers who don’t like credit
The new iteration of an age-old retail concept is gaining traction, particularly with younger consumers, and a growing number of central Indiana retailers are adding the payment option to their websites.
Total Wine & More planning second Indianapolis store
Total Wine & More, a Maryland-based chain of liquor superstores, opened its first Indianapolis location late last year in Nora after winning a high-profile court battle.
Authentic Brands, owner of Forever 21 and Brooks Brothers, files for IPO
Indianapolis-based Simon Property Group Inc. is among Authentic Brands Group’s largest shareholders.
Retail workers quitting at record rates for higher-paying work
Retail workers, drained from the pandemic and empowered by a strengthening job market, are leaving jobs like never before.
Sports-team retailer Rally House expands into Indianapolis market
Sports apparel retail chain Rally House has opened its first Indiana store and is planning to add three additional stores in the Indianapolis-area market by the end of the year.
May retail sales fell 1.3% as Americans spent less on goods
Retail sales fell in May, dragged down by a decline in auto sales and a shift by Americans to spend more on vacations and other services instead of goods.
Jeweler Alex and Ani files bankruptcy after rapid expansion
Indianapolis-based mall owner Simon Property Group is among the retailer’s largest unsecured creditors; it is owed more than $3 million in rent payments.
Shoppers go back to stores, but retailers face challenges
With more people getting vaccinated and dropping their face masks, retailers from Walmart to Macy’s are seeing an eager return to their stores after more than a year of their customers migrating online during the pandemic.