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.
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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.
Online retailer Shein latest to face strict European Union digital regulations
Founded in China but now headquartered in Singapore, low-cost online retailer Shein has major distribution operations in Indiana.
Sugar Factory faces eviction at Circle Centre after allegedly failing to pay $300,000-plus in rent
New York City-based Sugar Factory opened in April 2022, replacing the Palomino restaurant that had occupied the space for 23 years. An eviction hearing is set for May 1.
UPDATE: Express files for bankruptcy, announces store closures, possible sale
A consortium that includes Indianapolis-based Simon Property Group has offered a non-binding letter of intent to potentially purchase the majority of its stores and operations. Four Indiana stores are slated for closure, according to bankruptcy papers.
Lesley Weidenbener: Instructional videos are key to Sailrite’s success
Today, customers can buy everything they need—the fabrics, hardware and tools—from Sailrite to complete projects in the videos. And in the process of making the projects, the staff gets insight on how those materials and tools could work better.
Saks Fifth Avenue to close at Keystone amid major redevelopment
Saks will end a 21-year run at The Fashion Mall at Keystone later this year, mall management announced Thursday.
Visa, Mastercard reach $30 billion swipe-fee deal with merchants
In recent years, merchants have grown increasingly vocal about their opposition to credit card fees, which typically amount to about 2% of a purchase and totaled more than $100 billion last year.
Retailer Joann files for Chapter 11 bankruptcy protection
The fabrics and crafts retailer, which has five Indianapolis-area stores, will become privately owned after emerging from Chapter 11 bankruptcy protection.
Burlington plans department store at downtown’s Claypool Court
A 23,000-square-foot Burlington department store is expected to open this fall in the lower level of Claypool Court in space previously occupied by the Rhythm! Discovery Center.
Dollar Tree to close nearly 1,000 stores after surprise fourth quarter loss
Dollar Tree plans to close about 600 Family Dollar stores in the first half of this year and 370 Family Dollar and 30 Dollar Tree stores over the next several years, it announced.
UPDATE: Macy’s to close 150 stores over 3 years as it fights takeover bid
Macy’s Inc., which did not release a list of stores it will shutter, also said it will expand its higher end Bloomingdale’s and Bluemercury chains.