Scotty’s Brewhouse founder negotiating to sell stake in chain
The deal with an Arizona-based private-equity firm could take the small Indianapolis-based chain to 200 restaurants within the next four years, including locations in Japan.
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Wal-Mart plans to slow new store openings, invest in online
Wal-Mart closed on its more than $3 billion buyout of the online retailer Jet.com last month, showing how heavily it’s willing to invest as it tries to boost online sales that totaled $13.7 billion last year.
Tex-Mex chain Don Pablo’s files bankruptcy, closes 4 area locations
The 31-year-old national chain, which began opening locations in the Indianapolis area in the early 1990s, filed for Chapter 11 protection on Tuesday and has closed all of its area restaurants.
Paradise Bakery closing last Indianapolis-area location
Paradise Bakery & Cafe, which once operated a half-dozen restaurants in the Indianapolis area, will quit selling cookies in Indiana on Tuesday.
Retailer Cabela’s agrees to $5.5 billion buyout by Bass Pro
The offer of $65.50 a share in cash represents a 19 percent premium to Cabela’s most recent closing price, the companies said Monday in a written statement.
Downtown breakfast-and-lunch spot City Cafe closes
City Cafe, which began operating on North Pennsylvania Street about 15 years ago, has closed due to an owner’s ongoing health problem.
Sears, Claire’s at high risk of retail failures, Fitch says
Sears Holdings Corp. and Claire’s Stores Inc. are among seven chains at high risk of defaulting within a year as shoppers shift to online merchants and spend more on experiences, according to a Fitch Ratings study.
Construction companies chosen for Ikea’s Fishers store
Swedish retail giant Ikea has hired a slew of contractors to build its Fishers store and is on schedule for a fall 2017 opening, it announced Wednesday.
Shapiro’s plans brand expansion into Cincinnati market
The restaurant in Blue Ash, northeast of Cincinnati, is expected to open next spring.
Fresh To Order plans 10 restaurants in Indy under franchise deal
The “fast fine” menu features soups, salads, sandwiches and dinner items, including Coconut Curry Salmon, Calamari and Chicken Wild Mushroom.
Finish Line realizing benefits of closing stores
Finish Line's experience highlights the important, but difficult, path forward for retail chains that had become addicted to new stores as the only way to fuel sales.
Chuck Taylor sequel flops, dealing blow to Nike’s Converse brand
With a lot of fanfare last July, Converse released a more expensive version of the classic Chuck Taylor, the iconic brand designed by the former basketball player and salesman from Indiana. But fans still prefer the older model.
Finish Line’s supply chain woes under control, CEO says
Sales and profit for the apparel seller’s most recent quarter either met or exceeding Wall Street’s expectations. It’s now embarking on a plan for responding to clothing trends more quickly.
The Interview Issue: Monica Peck and Courtney Cole
Noblesville natives Monica Peck and Courtney Cole became the sixth-generation owners of Hare Chevrolet when they bought it from their parents in 2008. Now, thanks in part to a snappy ad campaign, sales have nearly tripled. But their biggest battle has been off the lot: Cole is battling cancer.
The Interview Issue: Kate Bova Drury
Kate Bova Drury started out as a boutique owner in Broad Ripple before making the change to baking. Now, she’s got five cupcake bakeries, one location for doughnuts and one combo store.
The Interview Issue: Thomas Main & Peter George
Once highly successful restaurateurs, Thomas Main and Peter George fell on some tough times in the 2000s and ended up as housemates. That’s when they started plotting a return to the industry as partners in a new venue that became the popular restaurant Tinker Street.
The Interview Issue: Lorenzo Acuna
What’s the key to 40 years in any industry? Love what you do, says Lorenzo Acuna, who has waited tables at St. Elmo Steak House for 40 years.
The Interview Issue: Bruce Pallman
Roberts Camera moved in 2014 from its longtime downtown location on South Meridian Street, which owner Bruce Pallman said has benefited the company amid fickle times in the camera business.
City councilors seek restrictions on booze-cruising pedal pubs
Under rules to be proposed next week, operators of foot-powered trolleys on Indianapolis streets would need to be licensed and insured. City councilors also hope to address noise complaints.
Holiday sales predicted to grow, but big chains to get smaller piece
Consumers are expected to buy more Christmas and other holiday gifts from niche retailers this year, pulling spending away from big store operators.