Parent company NYC Alliance Group, which owns several clothing brands, began opening Daily Thread stores in the Midwest a year ago and has already grown the chain to more than 40 stores, including at least five in Indiana.
Overall spending has slowed and shifted increasingly toward necessities like food, while spending on electronics, furniture, new clothes and other non-necessities has faded.
The company also said it plans to open 2,000 net new stores in the U.S. by 2025, with an emphasis on meeting the growing demand for new types of service, including drive-thru, mobile ordering and delivery.
The Ohio-based brewer plans to begin serving pizza and craft beer Thursday in part of the former Granite City Food & Brewery location in the downtown mall.
The moves likely will provoke the ire of gun rights advocates and gun lobbyists, who have argued that categorizing gun sales would unfairly flag an industry when most sales do not lead to mass shootings.
The spinoff, Empower Delivery, is targeting independent restaurant chains that have between five and 50 locations in a market but haven’t yet gotten into delivery in a big way.
One possible explanation for why beauty is thriving when consumers are more apprehensive about their spending is a long-held theory known as the “lipstick index,” which posits that lipstick sales rise during times of economic downturn.
Pittsburgh-based Giant Eagle swooped into the Indianapolis market in October 2015 by opening a Market District supermarket in Carmel. It also owns more than 50 GetGo Cafe + Market stores in central Indiana.
Shares of Bed Bath & Beyond lost nearly a quarter of their value Wednesday after the struggling home goods retailer announced a restructuring that includes store closures, layoffs and a possible stock offering.
Milwaukee-based Cousins Subs said Tuesday that it has signed leases to open two restaurants in Indianapolis as part of an expansion plan that could include as many as seven area locations over the next few years.
Walmart, the nation’s largest employer, is expanding its abortion coverage for employees after staying largely mum on the issue for months following the Supreme Court ruling that overturned a nationwide right to abortion.
Vibenomics launched the platform, called the In-Store Marketplace, earlier this month. It’s designed as a one-stop shop where retailers can purchase in-store audio and digital advertising from both Vibenomics and other companies.
Jake Freeman, a math major, bought 4.96 million shares at $5.50 each in July through a Wyoming-based holding company he set up. On Tuesday—a day when the stock spiked above $27 a share—he sold everything.
The home improvement retailer said it was offering hourly employees $55 million in bonuses to help offset the sting of inflation, which has remained near 40-year highs all summer.
With inflation hovering near levels not seen in 40 years, higher-income Americans turned to Walmart to cut costs on groceries while its lower-income customers swapped out deli meats for less expensive hot dogs and canned tuna.
The Indy Fresh Market, located at 38th Street and Sheridan Avenue, is expected to bring food, jobs and millions of dollars in investment to the Arlington Woods neighborhood, which is classified as a food desert.
Forbes selected Swensons for “America’s Best Burger” in 1999, and Akron native LeBron James has spoken publicly about his affection for the restaurant on multiple occasions.
Candace Anastasio’s take on an old-fashioned became a signature drink at St. Elmo Steak House and now is the latest entry in its line of signature retail products.
Atomic Wings, a fast-casual chicken wing chain, plans to makes its Midwest debut in Indiana after signing a 10-unit development deal with an Indianapolis-based businessman who is well-acquainted with operating restaurant franchises.
The gunman placed his laptop in the oven at his apartment with a can of butane before departing for the shooting, police have said. The oven was on and set to a high temperature.
