PYMNTS

APRIL 8, 2020

Following the suspension of store staffers by one of the largest textile merchants, worker furloughs in the retail sector are now well past 1 million. staffers at distribution centers and retail locations, Bloomberg reported. Many of the biggest retail employers in the United States, with the inclusion of Kohl’s Corp.

Retail 145

Retail Indianapolis United States National 145

PYMNTS

SEPTEMBER 22, 2020

Brookfield Properties Retail Group CEO Jared Chupaila delivered bad news to his employees this week. The Chicago-based real estate company with among the nation’s largest portfolios of retail is laying off 20 percent of its workforce. In addition, upper management salaries are being slashed by as much as 30 percent.

Indianapolis 146

Indianapolis Report New York City Chicago 146

PYMNTS

FEBRUARY 1, 2021

The move comes as the retail industry is reeling from a double blow: fallout from the pandemic and the great shift of consumer buying to online sales. Indianapolis-based Simon said the IPO will offer 30 million “units” at $10. Simon owns such properties as the upscale Copley Place in Boston.

Groups 139

Groups Company Indianapolis Exercises 139

PYMNTS

OCTOBER 3, 2019

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.

San Francisco 111

San Francisco Las Vegas Albuquerque Memphis 111

PYMNTS

MARCH 31, 2020

The furloughs affect employees at Simon’s Indianapolis headquarters as well as at its malls and outlets nationwide, a source familiar with the situation told CNBC. In addition, upper management salaries are being slashed by up to 30 percent. The retail industry has been hit especially hard by the pandemic. billion in debt.

Indianapolis 150

Indianapolis Texas Retail Groups 150

PYMNTS

APRIL 16, 2020

“Everything that we are doing on grocery and convenience is driven by the fact that we are seeing strong consumer appetites from new consumption trends, people who are confined and cannot go out,” European General Manager Stephane Ficaja told Reuters in a Thursday (April 16) report.

San Antonio 133

San Antonio San Diego San Francisco Indianapolis 133

PYMNTS

OCTOBER 22, 2018

This is the latest example of how the digital and physical are merging in retail — and also shows just how far consumer convenience has developed over the last few decades. Those were among the messages from a new PYMNTS discussion between Karen Webster and Sachin Padwal, VP of product management at Walmart -owned Sam’s Club.

Indianapolis 163

Indianapolis New Jersey Houston Retail 163