Target to keep stores closed on Thanksgiving for good
Target is the first major retailer to make such a permanent move during the pandemic, and its decision could push other retailers to follow in its path.
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Expect to pay more for Christmas trees, experts say
Experts said tree buyers should expect to pay between 10% and 30% more for both live trees and artificial trees this year and also have a smaller selection to choose from.
Under-the-radar developer poised to redefine Lafayette Square neighborhood
Fabio de la Cruz has a plan to transform Lafayette Square Mall and several adjacent properties into a multicultural hub, including a concert center, movie theater, hotel and multifamily housing.
Prices for Thanksgiving dinner items in Indiana surging this year
The Indiana Farm Bureau is out with its annual Thanksgiving market basket survey and it shows Hoosier shoppers can expect to spend about 12% more at the grocery store this year than in 2020 for the family feast.
New Big Woods restaurant announced for Fashion Mall
Shoppers can expect the Brown County-based restaurant to open in the Fashion Mall at Keystone in spring 2022.
CVS Health to close hundreds of drugstores
The company said Thursday that it will close about 300 stores a year for the next three years, nearly a tenth of its roughly 10,000 retail locations as it reduces store count density in some places.
Rising prices threaten profit margins at food companies
As food producers raise prices, grocers and restaurants are passing the increases along to consumers for the most part, rather than have them chip away at profit margins. That strategy might not work much longer, several analysts said.
Inflation set to spoil holidays for struggling U.S. families
Inflation is eating into recent wage increases, and the timing couldn’t be worse after federal pandemic relief expired for about 7.5 million people.
Americans ramped up retail spending in October
Solid hiring, strong pay raises, and healthy savings for many households are underpinning robust spending. But much of the sales increase reflected higher prices.
Southern restaurant chain plans downtown Indy location
Tupelo Honey Southern Kitchen & Bar, a growing chain of restaurants with a menu that includes chicken and waffles, sweet potato pancakes and fried green tomatoes, is set to open an eatery in CityWay.
Vietnamese restaurant plans 2022 debut in Broad Ripple
Eating Fresh is targeting February or March for opening in a site on Broad Ripple Village’s front doorstep that housed Naked Tchopstix from 2003 to 2018.
Doughnut destination on North Keystone Avenue ends 59-year run
A bakery and restaurant that traces its roots in Indianapolis to 1962 has closed permanently following the death of the owner.
Long-vacant Fountain Square space becomes new home for Howl & Hide
Leather goods manufacturer Howl & Hide Supply Co. won’t be the only business setting up shop at 1046 Virginia Ave. Wild’s Barber Shop will join Howl & Hide at the site, which is across the street from the Murphy Art Center in the heart of Fountain Square.
Ikea forecasts tougher year due to supply-chain issues
The biggest problem is that Ikea’s growth is being crimped because the company can’t meet demand, its CFO said Wednesday.
Simon raises outlook after quarterly results top expectations
The Indianapolis-based shopping mall giant benefitted from a return of foot traffic to shopping centers after pandemic restrictions eased across the country.
Carmel offers new details on $47M ‘1st on Main’ development
Plans call for the 1st On Main development—previously known as Lot One—to include a four-story office building with first-floor restaurant space and a private rooftop terrace, luxury condominiums, upscale apartment units and a parking garage.
Former firehouse being transformed into craft beer destination
Chalet, a daytime cafe and an evening bar, is expected to be the seventh business launched in five years by Small Victories Hospitality.
Starbucks raising U.S. workers’ pay as union effort looms
Starbucks’ North America President Rossann Williams said the pay raises not only support workers but will enhance recruitment efforts in a challenging labor market. The company said it’s the third time in 24 months that it has raised workers’ pay.
Retail trade group sees big holiday sales gain despite supply issues
The trade group said Wednesday that it predicts that sales for the November and December period will grow between 8.5% and 10.5%.
Owners of high-end Carmel seafood restaurant plan sister eatery in Fishers
The owners of Monterey Coastal Cuisine in Carmel announced plans Tuesday to open a sister restaurant in the Nickel Plate area of Fishers called Tiburon Coastal Cuisine.