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.
The family-owned meat shop and full-service caterer has been operating in the northern suburbs since 1966. It moved from Zionsville to Fishers in 1969.
The holding company for Sears and Kmart announced plans to close 28 more stores after it lost $251 million in the second quarter and revenue fell 23 percent.
The 40-year-old seller of recreational watercraft is staging a “going out of business sale” as its owner prepares for an active retirement.
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.
Landlords across Indiana are feeling the pain from the collapse of Marsh Supermarkets, but none more so than a Canadian firm that had as many as 12 of the grocer’s stores in its portfolio.
In 2006, when Sun Capital Partners bought Marsh Supermarkets, the bet looked risky at best.
The pub opened in 1933, shortly after the 21st Amendment repealed the prohibition on alcohol. Its 124-year-old home, one of the few remaining flat-iron buildings downtown, soon will be available.
The seven closings come on top of three other store closures that Marsh confirmed earlier this week.
The three closures include a store involved in a lawsuit filed by a landlord that accuses Marsh of not paying rent at the site.
Struggling Marsh Supermarkets’ best bet at this point would be to close underperforming stores and find buyers for its most profitable ones, industry experts say.
The 62-year-old company is joining the trash heap of failed appliance and electronics retailers, done in by a long list of problems—including overexpansion and a collapse in sales of consumer electronics.
The struggling discount chain, which filed for Chapter 11 bankruptcy protection April 4, has released a list of nearly 400 Payless Shoe Source stores that it plans to close immediately nationwide.
Marsh Supermarkets, which has been showing signs of struggle amid growing competition, plans to close the store Jan. 28. The location is where Marsh opened its first Indianapolis store, in 1957.
The longtime clothing retailer shut the doors to its Circle Centre mall location Dec. 24, while the one at Castleton Square Mall is set to close Saturday.
The Hancock Fabrics’ website is advertising a going-out-of-business sale online and in its stores, including those at 2192 E. 116th St. in Carmel and 8811 Hardegan St. on the south side of Indianapolis.
The burger joint served its last customers on Sunday in the mall’s food court, joining a growing list of tenants departing the mall’s third floor.
The Fishers-based grocery chain did not say how much it would spend to "remodel and upgrade" 30 of its 73 stores.
Of the 154 stores being closed in the U.S., 102 will be in its Walmart Express category, which has been in a pilot program since 2011. About 10,000 U.S. employees will be affected.
Declining revenues were too much of a challenge to overcome, the local grocer said in a statement. The chain opened its first store in 1957.
