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Jewel-Osco Scoops Up Indiana Strack & Van Til Stores

PYMNTS

Nineteen Indiana Strack & Van Til stores are soon to become Jewel Food Stores. Until now, only four of Jewel-Osco’s 186 stores were located in Indiana, with the vast majority located in Illinois and Iowa. This acquisition will expand the company’s footprint deeper into Indiana.

Indiana 101
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Discount Retailers Move Away From eCommerce

PYMNTS

If it weren’t for a certain pandemic that is dominating most news, the two biggest stories in retail over the past week would have been stunning at any other time. “We now operate a total of 1,831 Ross Dress for Less and dd’s DISCOUNTS locations across 39 states, the District of Columbia and Guam.

Retail 131
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Digital-only First Internet Bank retains 90% of its original customers

Bank Innovation

David Becker, CEO of Fishers, Indiana-based First Internet Bank, told Bank Innovation that it has kept 90% of its original customer base as a result of its niche […].

Indiana 267
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Retail Pulse: Amazon Grows 4-Star Footprint; Forever 21 Files For Bankruptcy

PYMNTS

Online retailers are expanding their brick-and-mortar footprints – and using feedback from eCommerce customers to inform the selections in their new stores. A data team from the eCommerce retailer determines what is sold at the locations, Amazon Physical Stores Director Drew Sheriff told MetroWest Daily News.

Retail 109
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Simon, Taubman Join Forces To Save The Mall

PYMNTS

As retail owners face the challenge of decreased foot traffic and store closures brought on by the rise of eCommerce, mall owners have been aiming to change their properties with the introduction of dining options, entertainment and other features. Simon, which is based in Indiana, would pay $52.50 a competing owner of malls.

Detroit 132
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Fabletics Announces Brick-and-Mortar Expansion

PYMNTS

Activewear brand Fabletics , which was co-founded by Kate Hudson in 2013, announced plans for a retail expansion across the U.S. The company confirmed that the new locations will bring the brand’s total retail store count to 30 locations throughout the U.S.

San Diego 190
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Mall Vacancies At Highest Level In Eight Years

PYMNTS

Some geographies are coping with the upheaval in retail better than others, as vacancies in U.S. Reis data indicates that the proportion of units sitting empty in some cities – with the inclusion of Birmingham, Alabama and Indianapolis, Indiana – is roughly four times higher than San Francisco, the Financial Times reported.