Retailers expect to hire slightly fewer employees for the holiday shopping season
Overall, U.S. retailers are expected to add 520,000 jobs in the final quarter of this year, representing the second-lowest total since 2009.
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Big Lots files for bankruptcy protection, plans to sell assets to Nexus Capital
Big Lots said it does plan to close some stores, but didn’t specify how many or what locations would be affected. At the end of 2023, Big Lots operated nearly 1,400 stores in 48 states.
Bankrupt LL Flooring finds buyer, plans to keep 200-plus stores open
The flooring retailer formerly known as Lumber Liquidators signed an agreement with private equity firm F9 Investments and now plans to keep some of its stores open instead of completely ending operations.
Retailer formerly known as Lumber Liquidators closing all stores
LL Flooring is “winding down operations” after declaring bankruptcy and plans to close all stores, including three stores in central Indiana.
Retailer Burlington set to open this week in downtown Indianapolis
The 23,000-square-foot store will take over space in the lower level of Claypool Court previously occupied by the Rhythm! Discovery Center.
Hair care, streetwear stores the latest additions to St’Artup 317’s roster
St’Artup 317 is a short-term showcase for businesses on the path to becoming long-term tenants elsewhere in the city.
Boar’s Head plant linked to deadly outbreak broke food safety rules dozens of times, records show
The plant has been linked to the deaths of at least nine people and hospitalizations of about 50 others in 18 states, including Indiana.
North of 96th roundup: Racer’s HQ, pickleball club, eateries among openings
A racer’s headquarters that will eventually house a steakhouse and coffee shop is one of several north-side businesses that have opened or are planning to open soon. The list also includes several restaurants, a hardware store and a Nordstrom Rack.
Lowe’s changes some DEI policies in wake of high court decision
The home improvement chain joined the ranks of several other companies that have altered their programs after the U.S. Supreme Court outlawed affirmative action in college admissions.
Tale of two retailers: Target reverses sales slump while Macy’s reports another quarterly decline
Consumers are still spending, but they’re being selective about where they make purchases when the costs of housing, food and other essentials remain inflated.
Surprise jump in retail sales casts aside recession fears
Retail sales rose 1 percent in July, reversing a June slowdown and marking the largest jump in more than two years, according to new Commerce Department data released Thursday.
Online vendors already cashing in on Trump assassination attempt
Retailers and conservative supporters have commodified the assassination attempt on Donald Trump at lightning speed, with products from T-shirts to trading cards bearing images of the former president—fist raised and bleeding at his Pennsylvania campaign rally—flooding the internet.
Target to stop accepting personal checks from shoppers
Check usage has been in decline for decades as Americans have largely switched to paying for their services with credit and debit cards.
Parent company of Saks Fifth Avenue to buy Neiman Marcus for $2.65B
The new entity will be called Saks Global, creating a luxury powerhouse at a time when the arena has become increasingly fragmented with different players.
Judge rejects $30 billion Visa, Mastercard swipe-fee settlement
The decision jeopardizes an agreement reached in March that was meant to end two decades of litigation related to the fees card companies charge retailers on each purchase a customer makes.
Former Milktooth chefs bring new perspective to Speedway venture
On June 12, Josh Kline and Zoë Taylor will open their own business in Speedway: a combined restaurant, bakery and market known as Borage.
Walmart offers new worker perks, from bonus plan to opportunities in skilled-trade jobs
The perks program announced Wednesday comes as the nation’s largest private employer says it’s seeing a decline in worker turnover. But Walmart, like other employers, faces a still-competitive labor market and increasing demands from its employees.
Dollar Tree looking at options for Family Dollar, including possible sale
Dollar Tree acquired Family Dollar nearly a decade ago for more than $8 billion after a bidding war with rival Dollar General and has had difficulty incorporating Family Dollar into its business.
Broad Ripple location will be 8th for Higher Grade smoke shop
CBD and vape retailer Higher Grade also plans to sell late-night soft drinks and snacks in the Broad Ripple entertainment district.
Sam Ash Music to close all stores, including Castleton location
The announcement comes just more than a month after Sam Ash said it would close 18 of 44 stores as part of a company restructuring meant to make the company stronger.