Forever 21 fashion chain files for Chapter 11 bankruptcy
Indianapolis-based Simon Property Group counts Forever 21 as its sixth-largest mall tenant, excluding department stores, with 99 outlets covering 1.5 million square feet, as of March 3.
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Simon Property Group tops expectations with 2Q performance
The Indianapolis-based real estate investment trust saw profit shrink, but it beat Wall Street predictions with higher-than-expected funds from operations, a key industry metric.
Chain of coworking centers planning 10 locations in Indianapolis area
A growing Ohio-based chain of coworking centers announced Monday that it plans to venture into Indiana for the first time by opening a location at Hamilton Town Center in Noblesville in spring 2020.
What’s next for Simon Property Group’s sagging stock price?
The company’s shares—like those of many in retail real estate—are out of favor, as investors wring their hands over retail bankruptcies and the long-term impact of e-commerce.
Circle Centre sees larger annual profit, lower sales
Circle Centre saw its profit and store count rise in 2018, mall manager Simon Property Group said. But the financial performance of the downtown shopping center significantly trailed other properties in Simon’s portfolio.
City expands pilot program in reaction to Walmart closure
City of Indianapolis officials on Wednesday decided to add more stores to a yet-to-be-launched food-insecurity program after learning that a Walmart Neighborhood Market on the far-east side was preparing to close.
Kite, Milhaus detail plans for 7-building apartment complex in Glendale
The two local developers said they hope to start work on a 267-unit apartment project in Glendale Town Center’s parking lot by the end of this year.
Tuchman Cleaners on store-closure spree
Tuchman Cleaners, a dominant player in the dry cleaning business in central Indiana for more than 70 years, has closed more than half of its locations over the past nine months, leaving it with less than a handful of stores.
New York firm sells south-side shopping center, buys north-side complex in Castleton
Nassimi Realty was a key player in two transactions totaling $15 million, offloading a retail center dominated by dollar stores and acquiring a complex directly east of Castleton Square Mall.
Florida-based theme restaurant chain to open local mall location
A Florida-based theme restaurant chain licensed by the Ford Motor Co. has chosen Hamilton Town Center in Noblesville for its first location in Indiana, mall owner Simon Property Group announced Monday.
Mainstream retailers embrace CBD despite unproven benefits
CBD’s growing demand persists despite very little evidence for all the health claims the industry touts.
Local mattress maker to test retail with Circle Centre store
Foamcraft Inc. plans to open a pop-up store in Circle Centre under the Comfort Option name. The store is initially scheduled to be a one-month endeavor, but could be there much longer if things work out.
Aldi plans new store in former Marsh at north-side shopping center
The Germany-based discount grocery chain has leased about 22,000 square feet and will occupy a little more than a third of the former Marsh Supermarket space.
Gap to close 230 stores, spin off Old Navy into new public company
The Gap brand has struggled as part of a broader slump for brick and mortar retailers, even as the lower-priced Old Navy brand has resonated with discount shoppers.
Victoria’s Secret to close 53 stores after poor Christmas performance
Columbus, Ohio-based owner L Brands Inc. operates 957 Victoria’s Secret shops in the United States, including eight mall stores in the Indianapolis area.
Payless ShoeSource to close all stores, report says
The chain, which is preparing to file bankruptcy for the second time in two years, has more than 50 locations across Indiana.
After months of hints, David Simon to roll out new business unit
The CEO of Simon Property Group says the company's "fifth platform" will leverage its huge customer base—its more than 220 properties draw more than 100 million customers who make 2 billion visits a year.
CBD retailer to open as many as 108 stores in Simon malls
The first store is expected to open in Indianapolis in March at Castleton Square, Simon Property Group and Green Growth Brands announced Monday.
Clarks shoe store closing at Circle Centre
The downtown mall has hemorrhaged tenants in recent years, including the loss of its two department store anchors.
Macy’s store in Indianapolis set for closure
Macy’s plans to close its store at Glendale Town Center, leaving the 60-year-old Indianapolis shopping center without its largest and oldest anchor.