Indy CD & Vinyl to take over former Landsharks location
An expansion of Broad Ripple record store will focus on a new performance stage and a place where area residents can gather.
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Jersey Mike’s sandwich chain acquired by private equity firm for $8B
Jersey Mike’s has nearly 30 locations throughout Indiana, including stores in Indianapolis, Noblesville, Carmel, Greenfield, Zionsville, Anderson, Avon, South Bend, West Lafayette, Fort Wayne and Bloomington.
Items from Iron Skillet restaurant to be auctioned this week
The Iron Skillet closed in May, ending a 71-year run of serving skillet-fried chicken in a house overlooking Coffin Golf Course.
IBJ Podcast: Inside jeweler’s decision to close one of downtown’s oldest businesses
Windsor Jewelry has operated within a stone’s throw of Monument Circle since 1919. Owner Greg Bires details his decision to close after the store survived the pandemic and the 2020 downtown riots.
October’s retail sales report shows solid growth
One cautionary note is that grocery-store sales barely rose last month, a sign that many Americans might still be struggling to adapt to food prices that are still much higher than they were three years ago.
Advance Auto Parts closing hundreds of stores in effort to turn business around
The auto parts retailer, which has two dozen area stores, reported a loss of $6 million in its third quarter and lowered its full-year revenue outlook for the second consecutive quarter.
Developer preparing for second phase of Farm development in Zionsville
Pittman Partners plans to build up to 225,000 square feet of commercial space at The Farm at the corner of Michigan Road and Sycamore Street.
Windsor Jewelry to close, ending 105-year run in Indianapolis
Originally an Illinois Street storefront that opened in 1919, Windsor Jewelry moved to Meridian Street just south of Monument Circle in 1970.
Food truck operators feel regulatory pinch
All 92 counties in Indiana have their own fee structures and procedures for licensing, and some municipalities charge permitting fees, as well.
Starbucks CEO sets four-minute service goal as he tries to reinvigorate sagging sales
Starbucks reported a disappointing end to its 2024 fiscal year, with revenue falling 3% in the July-September period as customer traffic slowed in the United States and China.
Tom Wood plans new Porsche dealership by former HHGregg HQ
The modernized showroom and service center, which would replace the company’s existing Porsche facility nearby on East 96th Street, would occupy an outlot that formerly was home to a Steak ‘n Shake.
McDonald’s Quarter Pounder back on menu after testing rules out beef patties as E. coli source
The U.S. Food and Drug Administration continues to believe that slivered onions from a single supplier are the likely source of contamination, McDonald’s said in a statement.
Online retail company plans $47M distribution center in Greenfield
Online retail company Crecera Brands LLC stands to receive $2.3 million in state tax credits if it constructs its distribution center as planned and creates 208 jobs.
Denny’s expects to close 150 locations by end of 2025
About half of the closures will happen this year and the rest in 2025, the company said during a meeting with investors Tuesday. The restaurants represent about 10% of Denny’s total.
Lower-priced new cars are gaining popularity, and not just for cash-poor buyers
Across the industry, auto analysts say, an “affordability shift” is taking root. The trend is being led by people who feel they can no longer afford a new vehicle that would cost them roughly today’s average selling price.
Zionsville Town Council approves designated outdoor refreshment area
Zionsville is the first Boone County community to approve plans for the increasingly common district, known as a DORA.
New Orleans-influenced raw bar planned for former Thunderbird site
Nick Detrich, an Indianapolis native who owns a French Quarter bar, says oysters, chilled seafood dishes, Sazeracs and cauldrons of café brûlot will highlight the menu at Magdalena.
Convenience stores seek to broaden appeal by selling better food
By tempting customers’ palates, the humble food marts want to become an alternative to fast-food restaurants for busy Americans who crave easy, interesting and less expensive eating options.
Walgreens to close 1,200 stores as chain attempts to steady operations
Walgreens said Tuesday that its net loss swelled to more than $3 billion in the final quarter of the year, dragged down by U.S. retail and pharmacy sales.
Indiana-based Do It Best inks agreement to acquire True Value assets
Chicago-based True Value, which has hardware stores throughout Indiana, on Monday began voluntary Chapter 11 bankruptcy proceedings, with the goal of selling its business operations to Do It Best Corp.