Peapod to end grocery delivery in Indiana on Feb. 18
Ahold Delhaize USA, which owns the Peapod brand, said Tuesday that it is closing its Midwest division as part of a shift in strategy, in part to focus on its East Coast grocery stores.
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Josh Owens left SupplyKick weeks before dropping out of governor’s race
Owens told IBJ on Tuesday that he left his job as CEO of local tech firm SupplyKick in early January in part to focus on his run for governor. Now that he’s not running for governor, he said he hasn’t decided what his next move is.
All-ages entertainment center launching in Brownsburg
The owner is a Brownsburg technical writer with five children who spent a year studying similar venues around the country. He’d like to replicate Press Play Gaming Lounge in other Indiana markets.
Macy’s to close 125 stores, shed 2,000 corporate jobs
Macy’s said Tuesday it is closing 125 of its least productive stores and cutting 2,000 corporate jobs as the struggling department store tries to reinvent itself in the age of online shopping. The store closures represent about one-fifth of Macy’s current total. They include about 30 that are in the process of closing and account […]
Clock ticking for companies that depend on China imports
If much of industrial China remains on lockdown for the next few weeks, Western retailers, auto companies and manufacturers that depend on Chinese imports will start to run out of the goods they depend on.
Q&A: Polina Osherov on St’artUp 317
Pattern Indy Editor-in-Chief Polina Osherov sat down with IBJ to talk about the third season of St’artUp 317, a program by the magazine and Indy Chamber that pairs underused first-floor commercial spaces in commercial corridors with artists, creators and producers looking for retail space.
Amazon’s latest milestone: 150 million Prime members
The staggering number of Prime members is sure to spook other retailers. Analysts have said Prime subscribers typically spend more of their money at Amazon than other places.
Small retailers gather at east side’s W Street
The repurposed building at Washington and Post formerly housed Liberty Bell Flea Market. Also this week: New Bottleworks tenants, Circle Centre food court departures and more.
With restaurateur Brown out, Oesterle seeks new tenant for old 38th Street bank building
Local restaurateur Neal Brown has scrapped plans to open what he had planned to call Midtown Brasserie in a 73-year-old art deco building at 215 E. 38th St.
Bottleworks District project adds three more tenants, including fish-and-chips shop
The Harbour, YogaSix and Witch Hazel Salon will join a growing list of tenants for the first phase of the 12-acre, $300 million mixed-use development at 850 Massachusetts Ave., officials said.
Buyers move to used vehicles as new autos hit record prices
Consumers bought an estimated 40.4 million used vehicles last year, likely passing the old record of 40.2 million set in 2018, according to figures from the Edmunds.com auto pricing site.
Crestline plans $21M mixed-income apartment project on near-north side
The Indianapolis Neighborhood Housing Partnership bought the property on Meridian Street last year in hopes of finding a developer that would create affordable housing. Indianapolis-based Crestline fit the bill.
Veterinary practice growing at greyhound speed
Indianapolis-based Pet Wellness Clinics opened its first clinic in Fishers in 2005. The company became profitable a year later and has been in the black—and growing—ever since.
Recording studio/audio school coming to Broad Ripple
The Round Table Recording Co. will offer both audio recording/production and a school for those who want to learn the business. Also this week: Orangetheory Fitness and Goldfish Swim School.
Colts pick Fanatics for 10-year merchandising deal
The Indianapolis Colts have inked a 10-year deal with Florida-based sports merchandiser Fanatics Inc. to operate the team’s in-stadium, online, mobile and roving retail shops, the team and company announced Thursday.
Clothing retailer Express, seeking revival, to close 100 stores
Express, a national retailer with four Indianapolis-area mall stores, plans to close about 100 stores as part of a restructuring plan.
City Center tenants expand with new concepts
The owners of Matt the Miller’s Tavern and InCycle indoor cycling studio are both opening second businesses in the Carmel mixed-use complex.
Kroger looks within for new president of local division
The Kroger Co. on Tuesday announced it has promoted Colleen Juergensen to take over as president of the chain’s Central division, replacing the retiring Pam Matthews.
Holiday sales rose 4.1%, nation’s largest retail trade group says
The positive December figures were partially offset by downward revisions to October and November sales. That suggests consumer spending likely grew more slowly in the final three months of last year than previously expected.
Walgreens bringing new small-store concept to city’s south side
The format is key to the pharmacy chain’s plan to slash expenses. Also this week: Black Acre Brewing Co., Sauce on the Side, Versona, Tropical Smoothie Cafe.