Retail sales rise modest 0.3%, but optimism still buoyed
With Americans paying more across the board for necessities like food and gas, the slowdown in spending may be an indication of inflation fatigue.
Retail
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Pure Eatery set to close at Fountain Square’s Murphy Art Center
Pure Eatery plans to end its 11-year run as a fixture in the Fountain Square neighborhood, the owners said Tuesday in a social media post.
Upscale Mexican chain planning downtown eatery, cantina
Los Arroyos Mexican Restaurant and Take Out, which opened a Carmel restaurant in 2016, is branching out with plans for a location near the mouth of Mass Ave.
Hoagies & Hops closing Fletcher Place eatery
The restaurant known for its cheesesteaks plans to concentrate on its flagship location in the Butler-Tarkington neighborhood.
Local firms set to redevelop former Kroger store in Broad Ripple
Gershman Partners and Citimark plan to raze the grocery to make way for a new mixed-use project, though plans for the development are still in the works.
North of 96th roundup: Cupcake bakery, Books & Brews store set to close
Hamilton County will soon be losing a cupcake bakery and a combination bookstore and bar, but it’ll be gaining a Just Love Coffee Cafe and two poke eateries. Also on the agenda is the return of Flix Brewhouse.
After two years in Broad Ripple, Sun King to close taproom
The brewery’s co-founder said increased rent and upcoming road construction factored in the decision to exit the neighborhood known for its nightlife.
Trust Hardware owner faces lawsuit over north-side store closure
Trust Hardware owner Adam Taylor says supply-chain and labor issues made it too tough to operate, so he closed two of his three stores last month. The landlord at his former Binford Shoppes store is suing Taylor for back rent.
Vegas Lounge & Bar planned for former arcade site in Broad Ripple
The new nightclub owner wants to bring visual opulence associated with Las Vegas to building that was home to One Up Arcade from 2018 to 2020.
Indiana-based Shoe Carnival buys Alabama-based Shoe Station
With the addition of Shoe Station, Shoe Carnival said it expects to exceed 400 stores by the end of 2022 on a path toward double-digit growth in new stores in the years ahead.
Q&A with Jonna Asher, making crafty sales at holiday fairs
Not only is Asher a retailer, but she’s a retailer who specializes in personalized Christmas ornaments at ShopMetamora.com and at her physical store that bears the same name in Metamora in southeastern Indiana.
Fishers Test Kitchen refines its restaurant approach
In a change of philosophy, culinary incubator Fishers Test Kitchen is looking for chefs who can adopt restaurant concepts generated by someone else.
Holiday shoppers navigate shortages with mixed results
The holidays have always been defined by disappointing out-of-stock messages on the most popular items. But the pandemic-induced supply chain snarls have created unprecedented shortages across all types of products.
Following lengthy legal battle, Hustler store sets opening date in Castleton
Led by late Hustler magazine founder Larry Flynt, Hustler Hollywood generated controversy in Indianapolis due to its plans for a Castleton location next door to a Chuck E. Cheese.
Scott Wise plans first Indianapolis location for Roots Burger Bar
After selling the Scotty’s Brewhouse chain in 2016, Wise got back into the restaurant game in 2019 with Roots Burger Bar. But he says he expects the third location, slated for Indianapolis’ northeast side, to be the last.
Futuro plans Grumps Slice Stop as pizza partner of Black Circle Brewing
Grumps will replace Elena Ruz Cuban Cuisine, the sandwich shop that opened with Black Circle as part of the Refinery 46 complex in December 2016 but announced its closing on Saturday.
Cyber Monday caps robust holiday shopping weekend
Americans are spending freely and going back to store shopping, knocking out some of the momentum in online sales from last year when Americans were making many of their purchases exclusively via the internet.
IBJ Podcast: Buy your gifts now (and other tips for the 2021 holiday shopping season)
Retailing expert John Talbott tells host Mason King that the supply-chain issues that have plagued commerce since the start of the pandemic are expected to complicate gift buying and limit stock for some products. You won’t get any second chances.
Supply chain will be holiday grinch for local retailers, shoppers
But the pure randomness of shipping problems and the unpredictability of consumer demand make it difficult to predict exactly what will be in short supply.
Discount chain Dollar Tree hiking prices to $1.25
After 35 years of selling goods for a buck, Dollar Tree is boosting its standard price point to $1.25, the company said in a statement Tuesday.