Target cuts its sales forecast, citing ‘difficult retail environment’
The dour outlook renews concern that the retail economy is sliding into a deeper funk.
The dour outlook renews concern that the retail economy is sliding into a deeper funk.
Demand for new homes continued to rise locally last month, according to figures reported Wednesday by the Builders Association of Greater Indianapolis.
Indiana-based franchisor Ben’s Soft Pretzels LLC announced Tuesday that it was seeking franchisees to open 25 locations in the Indianapolis area by 2021.
The sporting goods chain with eight area stores saw its stock rise as much as 10 percent Tuesday morning. The retailer is benefiting from the demise of its biggest rival.
Home Depot operates more than 2,250 stores, including four in Indianapolis and one each in Carmel, Noblesville, Greenwood and Greenfield.
Traders Point Christian Church has acquired a 104-year-old building at the corner of 12th and Delaware streets and plans to spend $2 million to renovate it.
Louie’s Wine Dive is poised to take prime space in Broad Ripple that’s been vacant for years, while Penn Station is leaving West Washington Street and heading south.
A salvage hub of sorts is taking shape on the near-east side now that another antique shop with a familiar name has opened in the area.
Developers that stripped a high-profile parcel on the north side of its trees months ago to prepare the site for a $13 million senior living center did so without receiving proper permitting.
A developer is poised to tackle the remaining vacant commercial property in the heart of Carmel’s Village of West Clay.
In a development deal with Fishers, Indianapolis-based Citimark plans to purchase the 23-acre site that includes the long-vacant former Charles Schwab regional client center and the building that houses Launch Fishers.
Macy’s operates three Indianapolis-area stores—at Glendale Shopping Center, Castleton Square and Greenwood Park Mall.
The apartment project, part of the larger River North development, has a name now and should begin welcoming its first residents late this year.
Steak n Shake same-store sales slipped 0.7 percent in the latest quarter as customer traffic at those locations fell 2.1 percent. The decline ended a streak that started in 2009.
The Greenwood Redevelopment Commission on Tuesday approved a tax-increment financing plan for a business group that wants to build an alcohol distillery, brewery and restaurant on a 12-acre site along Main Street, east of Interstate 65.
The electronics and appliance retailer also announced more personnel moves, including the appointment of a new chief financial officer.
Several residents of the historic downtown neighborhood fear the center will bring excessive noise and trash to the area, in addition to creating more parking problems.
The operator and franchiser of more than 250 roadhouse-themed restaurants, including four in the Indianapolis area, said it plans to close 18 under-performing restaurants as part of the reorganization plan.
The Indianapolis-based retailer promoted Chris Sutton to senior vice president of marketing, following the departure last month of his predecessor. It also hired two merchandising execs.
The trend hasn’t yet hit Indiana, according to the latest numbers from the U.S. Department of Agriculture, but numbers from a Purdue University survey released earlier this month say otherwise.