Steak n Shake closes 13 more restaurants amid slowing customer traffic
Steak n Shake revenue plummeted to $78.8 million in the third quarter, down from $141.3 million a year ago.
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Savvy strategy, some luck propel online boutique to big success
Magnolia Boutique—known for its bohemian style built around casual, trendy clothing, shoes and accessories—is an online-only business on track to hit $10.5 million in sales this year, up from $7.9 million in 2019.
Retailer Lowe’s to open delivery terminal in Greenwood
The 92,000-square-foot facility, which will handle last-mile delivery for bulky items like grills and patio furniture, is part of the retailer’s $1.7 billion investment in its distribution network.
Pet supplies chain with 10 local stores going out of business
The retailer has 358 stores, including four in Indianapolis, two in Carmel and one each in Brownsburg, Greenwood, Shelbyville and Zionsville.
On the Market: A craftsman-style home in Zionsville
Wood is the star in this $945,000, four-bedroom home on a 2-1/2 acre lot in Zionsville. The wooden beams, the paneling, the kitchen cabinets, the floors and the bar in the basement.
What we’re loving: The Parker side table at RG Decor
Small side tables are especially fun if they make a bit of a statement on their own. And so is the case with this solid iron end table made by Classic Home and sold for $239.
Digital media company ZergNet moving from Noblesville to Fishers
A digital-media company that includes billionaire Mark Cuban as one of its early investors is planning to relocate its 53 Indiana-based employees to Fishers’ Meyer-Najem building.
Gleaners beefing up refrigerated space in $3.2M expansion project
The state’s largest hunger-relief organization has in recent years dramatically increased the amount of produce, dairy products, lean meats and other perishables it provides.
Developer scales down plans for massive west-side project after neighbors object
Updated plans for Tremont Town Center call for nine buildings (compared to the original 14) with about 450,000 square feet of office and retail space, plus senior housing, market-rate apartments and row houses.
More downtown business owners prepare for possible election violence
Nearly one dozen downtown Indianapolis buildings and businesses have boarded up their windows and glass doors for Election Day, even though local law enforcement leaders and downtown officials aren’t expecting demonstrations that could spark vandalism or looting.
Two mall owners dragged into bankruptcy by carnage among retail tenants
Pennsylvania Real Estate Investment Trust and CBL & Associates Properties Inc. sought protection from creditors Sunday, citing pandemic-induced pressures. The two REITs account for about 87 million square feet of real estate across the U.S.
Pandemic reinvents holiday hiring for retailers
The push to hire temporary workers has begun in earnest this holiday season—in some cases, weeks earlier than last year. But the pandemic has reshaped the kinds of jobs retailers are trying to fill.
Walmart backtracks, begins putting guns back in stores
The retail giant said it originally instructed store managers to move firearms and ammunition from in-store displays to a secure location in the back “in an abundance of caution” due to the potential for “civil unrest.”
Pandemic alters plans for downtown Lebanon projects
Lebanon’s campaign for new, mixed-use development downtown is off to a slow start.
Retailers battening down stores across U.S., worried about Election Day violence
After being caught off guard during nationwide social unrest this summer and suffering millions in damages, retailers have spent months prepping for another possible bout of vandalism on Election Day.
Walmart removes guns and ammunition displays, citing concerns of ‘civil unrest’
Gun sales have long been a hot-button issue for the Bentonville, Ark.-based retailer. Walmart stopped selling handguns and certain types of ammunition last September, after shootings at company stores left at least 24 people dead.
Retail center owner Kite reports 92% rent collection for third quarter
The Indianapolis-based real estate investment trust reported $65.1 million in revenue for its third quarter—an uptick of about $2 million from the previous quarter, but a drastic drop from the $75 million earned during the same period in 2019.
On the market: A downtown penthouse with views that don’t stop
The condo at 429 N. Pennsylvania St. is listed by Derek Gutting with Keller Williams Indianapolis Metro North for $1.695 million.
Shake Shack plans to open downtown location in 2021
The fast-casual burger chain has secured a third Indy-area location, this one on the first floor of a ritzy downtown apartment building nearing completion by the Mass Ave Cultural District.
What we’re loving: Botanical prints from FiveThirty Home
These vintage-style prints with their rustic frames would fit right into today’s popular farmhouse decor. But they’d look just as good in a more traditional home, especially in a small powder room, entryway or laundry space.