Simon partner looks to buy out co-owners in expansion drive
Paris-based Klepierre SA, whose largest shareholder is Simon Property Group Inc., plans to spend as much as $686 million a year on expansion.
Retailers
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U.S. retail sales show scant April increase
The Commerce Department said Tuesday that seasonally adjusted retail sales rose just 0.1 percent in April. Excluding autos and gasoline, retail sales fell 0.1 percent last month.
HHGregg launches rebranding effort to improve sales
The electronics and appliance chain has unveiled a new logo and advertising spots, in addition to improvements to its website and delivery service, as it attempts to keep pace with competitors.
Office Depot to close 400 stores nationwide
Office Depot has at least seven stores in the area, according to its website, including three locations in Indianapolis and single stores in Carmel, Anderson, Greenwood and Avon.
Target CEO Steinhafel out in wake of data breach
The nation's third-largest retailer, which has 13 stores in the Indianapolis area, has struggled to regain its footing in the five months since hackers stole credit and debit card information on tens of millions of customers.
Exec from struggling RadioShack joins HHGregg
In joining the Indianapolis-based firm as COO, Troy Risch trades one big retailer struggling to find its footing for another.
Finish Line increases stake in running division
The Indianapolis-based athletics retailer bought a larger share in the Running Specialty Group, a chain that operates 49 stores in 11 states.
Simon posts strong quarter on higher mall occupancy
The nation’s largest mall owner reported a 16.1-percent increase in first-quarter funds from operations as demand for retail space in outlet centers climbed.
Wal-Mart jumps into the money-transfer biz, loudly
The world's largest retailer introduced a new money-transfer service Thursday that it says will cut fees for its low-income customers by up to 50 percent compared with similar services elsewhere.
HHGregg shares plummet on warning of weak sales quarter
The Indianapolis-based retailer announced disappointing preliminary sales figures on Tuesday morning for its fiscal fourth quarter, which it blamed on horrendous weather in major markets.
Monthly retail sales jump by the most in 18 months
Sales of autos climbed 3.1 percent while sales at general merchandise stores, a category that covers retailers such as Wal-Mart and Target and department stores, increased 1.9 percent.
Retailer Coldwater Creek going out of business
Coldwater Creek Inc., a 362-store women’s clothing chain that has four stores in Indianapolis-area malls, filed a Chapter 11 petition Friday to liquidate inventory in going-out-business sales to begin in time for Mother’s Day.
Family Dollar to close about 370 stores, cut jobs
The discount retailer, which operates nearly 50 stores in Indianapolis, said it will shut down underperforming stores as it tries to reverse sagging sales and earnings.
Former HHGregg COO hired to lead bicycle retailer
BikeStreet announced Monday that it has hired Gregg W. Throgmartin as its CEO, the same day as his departure from HHGregg became official.
Shadeland Station shopping center bought for $9.5M
New York-based Time Equities Inc. acquired the northeast-side property that is anchored by a Marsh supermarket and 85-percent occupied.
Finish Line reports rising quarterly, annual earnings
A jump in same-store sales and improvements to the sports-apparel retailer’s website helped the company report a better-than-expected profit in its fiscal fourth quarter.
Cabela’s chooses Noblesville for first central Indiana store
The announcement from the Nebraska-based outdoor retailer comes five years after it abandoned plans to build a store near Interstate 65 and County Line Road in Greenwood.
U.S. retail sales rebound after two slow months
Retail sales bounced back in February after suffering a steep decline during a bitterly cold January. Shoppers spent more on autos, clothing and furniture, the Commerce Department said.
New grocery chain plans three local stores
Fresh Thyme Farmers Market, a Phoenix-based specialty grocery startup that plans to open its first eight stores this year, has decided on three locations in Indianapolis.
Office retailer Staples plans to shut down 225 stores
Staples Inc., the largest U.S. office-supplies retail chain, will close as many as 12 percent of its North American stores and cut as much as $500 million in costs as online competition continues to hurt sales.