The loan program, geared toward Kite tenants that operate fewer than five retail locations, will accept applications beginning Friday. Industry experts say many mall tenants weren’t able to pay April rent.
With store vacancies at an eight-year high, retail landlords see the potential of gamers someday pouring out of their basements and into their shopping meccas as a kind of lifeline.
In response to the COVID-19 outbreak, Indianapolis-based Fatheadz Eyewear and its production partners have started making personal protective equipment for front-line health care workers. Fatheadz CEO Rico Elmore said he shifted the company’s work to safety goggles, safety glasses and splash shields for many reasons, including keeping his employees working. The company is one of […]
Most business owners say they’ll be ready to open as soon as—or shortly after—coronavirus-related restrictions are lifted.
Automobile and clothing store sales collapsed during the month, the Commerce Department said Wednesday. Sales at restaurants and bars also plummeted. But grocery store business soared.
He says a “rolling re-entry” will be required based on the status of the new coronavirus pandemic in various parts of the country.
The California-based company has 38 stores in 10 states. Its planned Indianapolis location, at a former Toys “R” Us store near Castleton Square Mall, will be its first in the state.
Some local restaurants trying to stay afloat without dine-in service report sales have plunged by two-thirds or more, raising questions about how much longer they’ll be able to survive.
Asbury, which has eight Indianapolis-area dealerships, said it’s furloughing 2,300 employees across its 10-state operating footprint due to a sharp drop-off in sales and service revenue.
The new executive order, which extends the stay-at-home directive through April 20, includes many of the same provisions as the initial order, which took effect March 25, but it adds new language in an attempt to strengthen the existing guidelines and creates an Enforcement Response Team to ensure businesses are complying.
In addition to being the longtime owner of the Indianapolis-based Double 8 Foods grocery chain, Kuperstein was the first director of education for the U.S. Holocaust Memorial Museum in Washington, D.C.
Local landlords say they’re willing to offer relief to some of their retail tenants who’ve been hit hard by coronavirus-related closures—but the amount of relief, if any, varies depending on circumstances.
The company is cutting more than 100 employees and furloughing others as it weathers the temporary shutdown of much of the retail industry.
Millions more are in danger of being furloughed or fired as chains reel from nationwide closures that started about two weeks ago and have totaled nearly 50,000 locations.
The restaurant, part of Holladay Properties’ LaGrotte Square development, opened on the same day that a coronavirus-related prohibition on in-house restaurant dining took effect. The owners say they’ve seen good support from neighbors who have come for take-out orders in the restaurant’s first week.
Upscale restaurant Hedge Row and the more casual Next Door both opened in Indianapolis in 2018. Both are part of The Kitchen Restaurant Group founded by Kimbal Musk.
Concerns about the spread of COVID-19 have put in peril thousands of businesses, from restaurants and hotels to airlines and manufacturers of consumer goods.
While retailers such as Macy’s Inc., Kohl’s Corp. and J.C. Penney have been forced to temporarily close their stores, others like Walmart and Costco Wholesale Corp. are experiencing a surge in sales normally seen around the holiday peak.
Across a country where lines are long, some shelves are empty and patience is thin, authorities are receiving a surge of reports about merchants trying to cash in on the coronavirus crisis with outrageous prices, phony cures and other scams.
Some are switching their menus to carryout-friendly fare and redeploying servers as delivery drivers.
