Hibbett, a sporting goods chain with more than 1,000 stores, including several in the Indianapolis area, announced bad news Monday morning. Shares of its competitors, such as Indianapolis-based Finish Line Inc., also fell.
The parent company of Circle Centre mall’s sole anchor, Carson’s, is facing steep challenges, with some retail experts wondering whether it will be the next big chain to collapse.
A store that specializes in denim, a new eatery and a souvenir shop have set their sights on the downtown shopping center.
Executives eligible for the additional pay, if certain benchmarks are hit through the company’s bankruptcy, include Kevin J. Kovacs, HHGregg’s chief financial officer and acting CEO.
Plans are taking shape to revamp dilapidated and underdeveloped properties in the Maple Crossing area, north of 38th at Illinois and Meridian streets.
The store was one of 18 of 44 remaining Marsh groceries that wasn’t acquired last month to either Kroger or Fresh Encounter, as part of Marsh Supermarket’s bankruptcy process.
Children's clothing retailer Gymboree Corp. is closing 350 stores—including multiple shops in Indiana—as its works to restructure in bankruptcy. The Indianapolis area did not avoid the closure list.
The new retail and gathering place is leasing a high-visibility spot on Virginia Avenue where plans for a Japanese bistro recently were abandoned.
Sears Holdings Corp. announced plans Friday to close 43 more stores, including three Sears department stores and one Kmart store in Indiana.
A spokeswoman for the Texas-based chain says a franchisee is set to open later this year in Bankers Life Fieldhouse.
Retailer True Religion Brand Jeans filed for Chapter 11 bankruptcy protection Wednesday and requested permission from the federal bankruptcy judge to close 27 of its 140 stores.
Mike Ashley, the billionaire owner of Sports Direct International—which owns a major stake in Indianapolis-based retailer The Finish Line Inc.—said a former employee’s claim that he made a $19 million bonus deal while in a London pub was “nonsense.”
The eatery at 110 W. Washington St. opened in 2011 and was operated by a Florida-based food-service veteran.
Nike said it will sell some of its footwear through e-commerce giant Amazon, part of a plan to make its swoosh-branded products available in more places online.
Under the new agreement, Walgreens will buy 2,186 stores, three distribution centers and related inventory from Rite Aid for about $5.18 billion in cash.
Staples Inc. will be acquired by Sycamore Partners in one of the largest retail deals of the year, a wager that the office-supply chain is better off continuing its turnaround plan as a private company.
A barbecue chain with six existing restaurants is set to take the downtown space last occupied by a Penn Station East Coast Subs. The restaurant, its first outside of Missouri, should open this fall.
The 40-year-old seller of recreational watercraft is staging a “going out of business sale” as its owner prepares for an active retirement.
Sports Direct International now controls nearly 8 million Finish Line shares worth about $107 million, raising speculation about a possible takeover of the Indianapolis-based retailer.
Rather than featuring long, tall aisles like traditional groceries, the new-format stores featured a courtyard in the center with a dozen “boutiques” around the perimeter, each selling a certain category of goods.
