Simon partner to buy Oslo shopping center for $578M
The Oslo City shopping mall in the Norwegian capital of Oslo has about 355,000 square feet of retail space and 366,000 square feet of offices.
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Beer, wine on tap for 9 Indy-area Starbucks
The Seattle-based coffee giant is seeking alcohol permits to offer beer and wine at four Indianapolis outposts and five others in collar counties.
Artisan distilleries are on the rise since 2013 law change
The state has approved permits to let 13 distilleries sell vodka, bourbon, whiskey and other spirits directly to the public. More permits are under consideration.
Area Kroger stores to carry local distillery’s spirits
Hotel Tango’s products, including its gins, vodkas and rums, will be available in 20 of the supermarket chain’s central Indiana and Bloomington stores.
Circle Centre losing three tenants, including two originals
Gap and Gap Kids, which opened along with Circle Centre in 1995, plan to close Jan. 26. Also on the third floor, the American Greetings card shop is shutting down at the end of next month.
Downtown Dunaway’s restaurant building attracts buyer
A local company bought the historic building at 351 S. East St., near the entrance of the Fletcher Place neighborhood, and plans to convert it into office space.
Outdoor retailer Cabela’s may be hunting for a buyer
Cabela's, the outdoor sporting goods chain that opened a store in Noblesville in August, said it’s exploring strategic alternatives.
Cyber Monday sales still on top, but losing some luster
Monday is expected to be the biggest online shopping day ever, with estimates that it will rack up over $3 billion in sales.
Black Friday store sales fall as Americans buy more online
A big reason for the declines is increased online shopping, as Americans hunt down deals on their smartphones, tablets and computers.
Large Noble Roman’s investor calls for sale of company
In a scathing letter to directors, Privet Fund LP said accountability is sorely lacking throughout the upper ranks of the company, which has a stock price languishing below $2 a share.
Amazon raises online retail bar with same-day delivery
The logistics and costs of same-day delivery—the fuel, labor, infrastructure and other costs—have been difficult challenges to surmount.
Retailers expect weak holiday for electronics sales
Retailers like Best Buy Co. and HHGregg Inc. expect weak demand for electronics during the holidays, although ultra-HD televisions might be an exception.
Fishers aims to revitalize aging Allisonville Road corridor
City officials say they recognize the need to revitalize Allisonville Road, and the area is a priority as the city creates a framework for the future through its comprehensive plan, which looks as far ahead as 2040.
Battered retailers seek sales salvation in holiday season
Indiana’s publicly traded retailers are hoping a strong shopping season will allow them to finish with a flourish after a bruising 2015.
Salvage shop rescues industrial, medical antiques
Society of Salvage, a 2-year-old shop on downtown’s east side owned by Sandra Jarvis, has carved out an unusual niche in the salvage industry by unearthing industrial equipment and medical oddities from old buildings and factories.
UPDATE: Expert testifies Fogle frequented prostitutes
A psychiatrist said Thursday during the sentencing hearing for Jared Fogle that the former Subway pitchman suffers from hypersexuality, pedophilia, and alcohol abuse and dependency.
Target, Wal-Mart see online sales growth slow in ominous sign
Both retailers are investing heavily in e-commerce operations, but the deceleration in online sales growth underscores the challenge of competing with Amazon.com, the world’s largest Internet retailer.
Veteran jeweler Thrapp retiring, closing shop
Gary Thrapp will wind down operations at his north-side store at 56th and Illinois streets with a going-out-of-business sale starting Thursday.
U.S. retail sales crawl upward, led by online shopping
The Commerce Department said Friday that retail sales rose a seasonally adjusted 0.1 percent last month, after being unchanged in September and August.
Hotels, retailers expected to follow Ikea to Fishers
Hundreds of acres of undeveloped land surround the 35-acre site the popular Swedish home furnishing company selected—land now ripe for new projects. And in other communities, hotels, restaurants, retailers and even tech companies have followed Ikea stores.