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.
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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.
Local businesses hoping All-Star Rewards program will boost their profiles
The program, which runs through Feb. 18, allows consumers to visit participating businesses and other locations around the state, accumulating points that they can then redeem for NBA-related prizes.
West Elm, Simply Amish stores on the move along north-side corridor
After closing its Fashion Mall at Keystone location, West Elm is preparing for Nora Plaza opening in April.
Burger King owner buying out its biggest U.S. franchisee for about $1 billion
Carrols Restaurant Group runs 1,022 Burger King restaurants in 23 states, including more than 100 in Indiana.
Washington state sues to block proposed merger of Kroger and Albertsons grocery chains
In a statement Monday, Kroger said it was delaying its timeline for closing the $25 billion deal due to ongoing dialogue with regulators, including state attorneys general and the Federal Trade Commission.
Starbucks sued by consumer group that calls its claim of ethical sourcing false and misleading
Starbucks said Wednesday it was aware of the lawsuit and will “aggressively defend against the asserted claims.”
The secret life of gift cards: Here’s what happens to the billions that go unspent each year
After clothing, gift cards will be the most popular present this holiday season. Nearly half of Americans plan to give them, according to the National Retail Federation. But many will remain unspent.
Retailers improving delivery speeds, meaning good news for late holiday shoppers
Walmart, Target and Amazon are all-in on the shipping wars, a move retail experts say will help them maintain a competitive edge against low-cost Chinese retailers Shein and Temu.
Retail sales rose 0.3% in November as Americans hit gas on spending
The strong retail numbers Thursday were particularly surprising given some of the news coming from major retailers themselves, who say shoppers are being more selective.
Consumers expected to to spend more than $12B online during Cyber Monday
Even though e-commerce is now part and parcel of our everyday lives and much of the holiday shopping season, Cyber Monday continues to be the biggest online shopping day of the year, thanks to the deals and the hype the industry has created to fuel it.
Retailers offer bigger Black Friday discounts to lure hesitant shoppers hunting for the best deals
Many retailers ordered fewer goods for this holiday season and pushed holiday sales earlier in October than last year to help shoppers spread out their spending.