Closure of Carson’s stores in Indiana to cost 306 jobs
The parent firm of Carson’s revealed to state officials on Monday the scope of the five store closures it announced last week. Bon-Ton Stores Inc. filed for bankruptcy protection on Sunday.
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With Carson’s out, what’s next for Circle Centre?
Real estate experts disagree over whether the prominent downtown space being vacated by Carson’s makes more sense for another retailer (perhaps Target?) or for an office user.
Original Circle Centre jeweler closes doors
Workers at Andrews Jewelers on the second floor of the downtown mall could be seen on Monday packing up gems and baubles behind security gates.
Carson’s parent ponders bankruptcy as part of restructuring
The comeback strategy for Bon-Ton Stores includes closing a dozen Carson’s stores, although Bon-Ton hasn’t specified locations. The only Carson’s in Indianapolis is the lone anchor for Circle Centre mall.
Tim Hortons’ expansion into Indy market ramping up with 5 locations
The company bringing the Canadian coffee-and-doughnut chain to central Indiana has revealed the sites of the four other restaurants, besides the one in Avon opening later this month.
Simon settles suit with Starbucks over closing Teavana stores
The Indianapolis-based mall owner had sued Starbucks, attempting to stop the coffee giant from closing dozens of Teavana locations at its properties.
Latest round of Macy’s closures claims one store in Indiana
Department store chain Macy’s Inc. announced plans Thursday morning to close seven more stores nationally, including one in Indiana.
Brokers, developers anticipate hale, hearty year in real estate
A sturdy office sector, hot industrial demand and some steamy retail categories are expected to boost Indy’s commercial real estate market in 2018.
Simon investing heavily in upgrading, transforming mall properties
The Indianapolis-based retail real estate giant is spending $1 billion annually to upgrade its high-end properties, including adding splashy non-retail features like housing and hotels.
Known for malls, Simon turns to apartments, hotels
The company said it hasn’t lost faith in brick-and-mortar retail but now is broadening its development focus in a quest to continue increasing the value of its real estate holdings.
Judge sides with Simon, bars Starbucks from closing Teavana stores
A Marion Superior Court judge has granted the Indianapolis-based mall giant’s request for a temporary injunction, at least for now preventing Starbucks from closing 77 Teavana stores in its properties nationwide.
How to fill 300,000 square feet of fresh retail space
Big downtown real estate projects are expected to add that much room to the retail inventory, and advocacy group Downtown Indy is jumping in to help drum up interest.
After bumpy year, retailers see cause for holiday optimism
The National Retail Federation is projecting holiday retail sales will increase 4 percent over last year, to $682 billion, on stronger employment and rising incomes.
Carson’s parent Bon-Ton planning to close 40 stores
Bon-Ton, which operates 260 department stores under several names across 24 states, has just one store in Indianapolis, but that store is the only anchor in Circle Centre mall.
Brookfield bids $14.8B to acquire rest of Simon mall rival GGP
GGP, formerly known as General Growth Properties, is the second-largest shopping mall company behind Indianapolis-based Simon Property Group. Simon tried to acquire GGP in 2010.
Carson’s parent seeing supplier pullback reminiscent of Toys ‘R’ Us
Some of the suppliers for Bon-Ton Stores Inc.—the parent of Circle Centre’s only anchor store—are scaling back shipments and asking to be paid sooner in order to protect themselves from potential losses.
Finish Line stock jumps on takeover speculation
Stock in Finish Line Inc. rose 6.5 percent Wednesday after an analyst at Susquehanna Financial said he believes a buyout of the Indianapolis-based retailer is likely.
Gap to close some signature stores, open more Old Navy, Athleta locations
The company said Wednesday that it wants to shift focus to its growing brands Old Navy and Athleta while jettisoning hundreds of stores under the Gap and Banana Republic flags.
Fragrance retailer with local store files for bankruptcy protection
Fragrance seller Perfumania has filed for bankruptcy protection, and plans to close 65 of its 230 stores as it focuses more on selling online.
Simon sues Starbucks in bid to block mass Teavana closings
Indianapolis-based Simon Property Group, the country’s largest shopping mall operator, says in the lawsuit that Starbucks is breaching its leases by closing the Teavana stores and “shirking its contractual obligations.”