September retail sales jump exceeds expectations
Americans showed their steadfast resilience and kept spending last month even as they grappled with higher prices, interest rates and a host of other headwinds.
Retail
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Holiday shopping season is here, at least according to retailers
Amazon, Walmart, Target, Home Depot, Best Buy and other big retailers are kicking off big sales events as consumers continue to move up their holiday timetables.
Pharmacist shortages, heavy workloads challenge drugstores heading into busy season
In recent years, drugstores have struggled to fill open pharmacist and pharmacy technician positions, even as many have raised pay and dangled signing bonuses.
Loco’s owners plan restaurants in Cummins building, former BrewDog site
Loco Restaurant Group Inc. is branching out to a quick-service concept, plus an eatery focused on American cuisine.
Ozempic causing ‘slight pullback’ by shoppers, Walmart says
Walmart Inc. says it’s already seeing an impact on shopping demand from people taking the diabetes drug Ozempic, Wegovy and other appetite-suppressing medications.
Indy’s Smokin’ Barrel Barbeque adding New Palestine location
The second Smokin’ Barrel is expected to open before December on the first floor of the New Palestine Masonic Lodge No. 404.
INDOT reverses plan to use eminent domain on Wilson Farm Market
Store owner Scott Wilson called the decision a victory, but said his fight over the design of the Hamilton County interchange near his property wasn’t over.
Macy’s planning to add 30 small-format stores in strip centers
The department store chain said Tuesday that it aims to add the new small-format locations through the fall of 2025, bringing the total number of such stores to roughly 42.
Former Marsh store in Anderson being readied for Needler’s, Ace Hardware
Speedway-based development firm KennMar plans to invest up to $1.5 million in the project on the west side of Anderson.
Two Chicks District Co. store closing, ‘Good Bones’ star says
The store in the Bates-Hendricks neighborhood will begin a going-out-of-business sale on Oct. 26, Mina Starsiak Hawk said.
Indianapolis tech startup Overfuel acquires competitor
Overfuel, which launched last year, recently acquired a Washington-state-based competitor, 321 Ignition. Both companies offer a platform on which independent auto dealers can build their websites.
Wawa plans 60 stores in $420M expansion into Indiana
The convenience store chain said plans to invest $420 million to add 60 stores throughout the Hoosier State over the next eight to 10 years, with the first round of stores primarily in central Indiana.
Three Carrots, an Indianapolis pioneer in vegan cuisine, to close
Three Carrots, which originated as an Indianapolis City Market stand, opened as a Fountain Square restaurant in 2017.
Spooky coffee shop, short-term rental planned at former dental clinic
Black House Cafe is expected to open by the end of the year, said Dennis Brackenridge, who purchased the Fountain Square building last October.
Instacart goes from supermarket to stock market, raising $660M with IPO
The pricing of the IPO gave Instacart a market value of around $10 billion, significantly lower than the $39 billion value placed on it after a fundraising round in 2021.
IBJ Podcast: Restaurateur Cunningham on Pacers’ Commission Row, other new concepts for Indy
The founder of Vida, Livery, Bru Burger Bar, Rize and more than a dozen other concepts says Cunningham Restaurant Group could grow from about 40 eateries to as many as 60 in three years.
Retail sales rose 0.6% in August, largely due to spike in gas prices
The most recent quarterly financial reports from retailers showed that Americans remain cautious as higher interest rates make cars, homes or using credit cards more expensive.
Carmel tavern/brewery owner planning new project on city’s Main Street
Kevin Paul, who owns Brockway Public House, Danny Boy Beer Works and The GOAT, is seeking to open Boneyard Bar & Restaurant in Carmel.
Rise’n Roll Bakery closing two Indy locations, plans to open another
Rise’n Roll Bakery, known for its doughnuts and Amish Country goods, announced the closures Thursday while confirming plans for a new store in Nora and possibly another one in a northern suburb.
Investor drops lawsuit against Noble Roman’s
North Dakota-based restaurant company BT Brands, which dropped its lawsuit against Noble Roman’s late last week, said it will continue in its efforts to effect changes to the Noble Roman’s board of directors.