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.
Retailers
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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.
Simon raises outlook after quarterly results top expectations
The Indianapolis-based shopping mall giant benefitted from a return of foot traffic to shopping centers after pandemic restrictions eased across the country.
Starbucks raising U.S. workers’ pay as union effort looms
Starbucks’ North America President Rossann Williams said the pay raises not only support workers but will enhance recruitment efforts in a challenging labor market. The company said it’s the third time in 24 months that it has raised workers’ pay.
Retail trade group sees big holiday sales gain despite supply issues
The trade group said Wednesday that it predicts that sales for the November and December period will grow between 8.5% and 10.5%.
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.
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.