Target to spend $2 billion with Black-owned companies
The cheap-chic retailer will also add products from more than 500 Black-owned companies across its aisles and help Black vendors expand their sales in big-box retail.
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Q&A: Marcus & Millichap CEO on 2021 property market
The work-from-home and online-shopping trends are expected to permanently reshape demand for office and retail space, says Hessam Nadji, CEO of the Calabasas, California-based commercial real estate financing and advisory company.
Pop-up vendors, in search of big March Madness sales, find modest crowds
Downtown crowds are thin this year amid a pandemic that’s putting a crimp in sales for pop-up businesses, which normally count on throngs of fans to attend games and stop in for souvenirs to or from the game.
IBJ Podcast: How Sun King came through the pandemic in better shape than it entered
When the pandemic hit one year ago, Sun King almost immediately lost some 40% of its business, the result of restaurants and bars that shuttered and stopped buying beer in kegs.
IBJ Podcast: City Market plots its comeback against headwinds
The pandemic has been tough on restaurants almost across the board. And so it’s no wonder that the Indianapolis City Market has lost a third of its vendors in the last year.
Q&A with Erynn Petruzzi, Something Splendid co-owner
Erynn and Elyse Petruzzi—whose father, Dean Petruzzi, started and sold several Indianapolis-based battery companies with his brothers in the late 1990s and early 2000s—started Something Splendid as a side hustle two years ago. Now it’s much more.
Marsh bankruptcy leaves creditors with losses of $340M
The trustee liquidating the grocery chain this month asked the court to close the case, saying he had wrapped up the process of selling off assets and turning proceeds over to creditors.
Indianapolis-based Bastian Solutions on 400-employee hiring spree
Bastian Solutions, which makes conveyor systems, robotics and other automated materials-handling items often used by the retail industry, has seen growth accelerate because of the pandemic.
Brawny gym for serious weightlifters planned for big retail site on south side
Founded by a local bodybuilder, American Muscle Factory is expected to open in August in a long-vacant, 23,000-square-foot retail space in the Greenwood Place shopping center.
Bed Bath & Beyond to go with something new to revive sales
The chain will begin selling eight new store brands this year. The new brands were announced Wednesday by CEO Mark Tritton, who was hired in late 2019 from Target, where he did much the same thing as chief merchandising officer.
Costco to raise starting hourly wage to $16, end hazard pay
The starting wage scale puts Costco above competitors, including Amazon, Target and Best Buy, which have $15 minimum wages.
What we’re loving: Vintage jewelry art from the Wanamaker Flower Shoppe
These sparkly framed art pieces would be the perfect thing to tuck into a bookcase amid some family collectables or add to a gallery wall for that little something extra.
Retailer Shoe Show to depart Circle Centre
The North Carolina-based retail chain opened its Circle Centre location in late 2019. The company’s other area stores will remain open.
New Speedway coffeeshop to pay tribute to racing oval’s history
Founders Grounds Coffee Co. will sell the Rex Coffee brand that was founded more than 100 years ago by the Hulman family’s patriarch, Herman Hulman.
Splenda maker sues Speedway chain over knockoff sweetener
Carmel-based Heartland Consumer Products says Speedway offers knockoff sweetener in packets that are too similar to Splenda’s packaging, which could confuse customers.
Fountain Square salon planning move to much larger space near Mass Ave
The three owners of 4-year-old Witch Hazel say it needs more room to accommodate growth, despite the challenges posed by the pandemic.
Mall giant Simon saw profit drop last year due to pandemic
Indianapolis-based Simon said it lost about 20% of its total shopping days last year at its U.S. malls because of government-mandated shutdowns related to the pandemic.
New restaurant, Block Bistro and Grill, opening downtown
Local restaurateur Terry Anthony said his goal is lure people back downtown and attract repeat customers. The Block opens Sunday in the historic Block Building.
What we’re loving: A brass bar cart from Two Chicks District Co.
This Art Deco-inspired two-tiered brass cart features a mango wooden top and a built-in ice bucket.
Longtime friends to debut House of Soul Cafe on south side
Indianapolis-based owners David Brown, a chef, and Adam Belt, a commercial pilot, are gearing up to open their fast-casual soul food concept in a space that formerly housed a Dunkin’ Donuts.