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.
Retail
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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.
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.
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.