A small faction of officials at the struggling 800-store retailer talked to mall owners Simon Property Group Inc. and Brookfield Property Partners LP about a range of options, including a sale, according to people with knowledge of the matter.
The company’s shares—like those of many in retail real estate—are out of favor, as investors wring their hands over retail bankruptcies and the long-term impact of e-commerce.
The chain will move into a former Kroger store on the city’s southeast side. Also this week: 16-Bit Bar + Arcade, Greenleaf Juicing Co., U-Haul and more.
Wise tells IBJ Podcast host Mason King that he’s both emotional and excited about his new start, which he says has been like hitting control-alt-delete on his career.
About a year after closing U.S. operations, the remnant of the defunct toy chain is set to return this holiday season by opening some U.S. stores and an e-commerce site, according to people familiar with the matter.
The salmon produced by AquaBounty are the first genetically modified animals approved for human consumption in the United States.
The nation's biggest store chain said the two settlements close the books on federal investigations that stretch back to 2012 and have collectively cost the company more than $900 million.
The nation's biggest store chain said the two settlements close the books on federal investigations that stretch back to 2012 and have collectively cost the company more than $900 million.
While earnings narrowly beat analysts’ estimates, profit margins decreased again because of investments Kroger is making to keep pace with the competition.
Croute Baking Co. in downtown Indianapolis won’t be a restaurant, but a multipurpose facility that includes a bakery, developmental kitchen and a small retail operation with a limited grab-and-go food menu.
Also in this week's roundup: The latest on Yo Mama Roux, Goldfish Swim School, Zips Dry Cleaners and Yujo.
Grand Rapids, Michigan-based Meijer said the app has been downloaded more than 1.1 million times since it started testing it in Michigan last year.
The restaurant, Roots Burger Bar, is set to open next week in Muncie, at the site of the original Scotty’s Brewhouse that Wise opened in 1996.
Circle Centre saw its profit and store count rise in 2018, mall manager Simon Property Group said. But the financial performance of the downtown shopping center significantly trailed other properties in Simon’s portfolio.
The outage came on the eve of Father’s Day, when the retailer was promoting various items, from ties to golf balls, as last-minute gift ideas for dads. Customers took to Twitter, sharing images of the long lines and the abandoned shopping carts.
The agreement covers more than 9,000 members of the United Food and Commercial Workers Union who work at 71 Indianapolis-area Kroger stores.
The latest retail report suggests that American consumers are still spending at a healthy pace, even as the stimulus from tax cuts fades.
The shortages coincide with the arrival of the Impossible Whopper at Burger King. Under terms of a deal inked earlier this year, Impossible Foods patties will be inside Burger Kings nationwide by the end of this year.
Target says its new same-day delivery option will cover 65,000 items and will be fulfilled in 1,500 of its 1,800 stores in 47 states.
Another Scotty’s Brewhouse has shut down, marking the ninth closure for the Indianapolis-based restaurant and bar chain in the last six months.
