The move signals that hedge fund manager Eddie Lampert remains committed to bankrolling Sears, even as the once-mighty department-store chain suffers from dwindling sales and billions in red ink.
The rapid turnover is a symptom of the quickly changing retail industry, as shifting consumer behavior demands new strategies from companies trying to keep up.
UPS expects to deliver 1.3 million packages back to retailers on Jan. 5, which is celebrated by the delivery service as “National Returns Day.”
Shoppers abandoned their early reluctance and pushed U.S. holiday sales to the biggest increase in more than a decade, a research firm said Tuesday. Online sales grew an estimated 15 percent as Amazon Inc. had its best season yet.
The restaurant, which first opened in 1928, had been owned by Jay and Barbara Snyder since 1992. The new owner is making her first leap into restaurant management.
Kimbal Musk is nearing a deal to take over the former Double 8 Foods building on College Avenue, and New Zealand-based chain BurgerFuel has chosen Indiana for its first restaurant in the United States.
Downtown Indy has launched IN_fill, Designed to the Core, calling on Indiana architects to design a single-family home that can be built on an urban lot for $225,000.
The owner of the former General Motors stamping plant property plans to solicit bids for the site as early as next month and is expecting proposals to be much bolder than previous pitches.
Massive real estate developments continued to roll into Hamilton County in 2016, especially in Carmel and Westfield.
Three major Indianapolis-based retailers struggling with declining sales replaced their CEOs this year as they tried to improve company financials.
Cunningham in the past seven years has opened Mesh, Bru Burger and Union 50 on Massachusetts Avenue. He launched Vida—where Amici’s Italian Restaurant once stood—in February, and followed up with The Livery on College Avenue in November.
Hendricks Commercial Properties' proposal calls for 337 apartments, 339,400 square feet of office space, and 67,225 square feet of retail. It also plans to construct a 132-room hotel and a 41,000-square-foot cinema.
Keystone Realty Group wants to rezone a 12.7-acre parcel at the northwest corner of East 86th Street and Keystone Avenue to construct the combination retail-office building.
Since 2015 at least five gay bars have closed in the city, about half the total. Among the casualties: the venerable Varsity, dating back to the 1940s. Talbott Street, long-known for its drag shows, also closed, as did the 501 Eagle, a bar favored by leather enthusiasts since 1986.
Slumping sales of apparel led the Indianapolis-based athletic clothier to report a steep loss in its latest quarter.
Critics say the absence of standards could have negative results for Hoosiers’ energy bills and lead to a “slumlord’s dream” scenario.
The $150,000 loan to a businessman was made more than three years ago as part of an effort to redevelop a Muncie building and create jobs.
The building on Prospect Street was constructed in 1872 and operated as a bar for more than a century. The area is quickly picking up momentum as development extends west from Fountain Square’s core.
The Yard, a 17-acre development by Thompson Thrift Retail Group, would replace the existing Springdale Estates neighborhood on the southeast corner of 116th Street and Ikea Way, just east of Interstate 69.
President-elect Donald Trump is moving to the nation’s capital next month and bringing with him an administration of millionaires and billionaires who are going to need places to live. Many are looking right now.
