Last remaining local Sears, Kmart stores set for closure
Sears Holdings announced it was closing 142 more stores as part of Monday’s Chapter 11 bankruptcy reorganization plan.
Retail
Articles
Sears files for Chapter 11 bankruptcy amid plunging sales, massive debt
Given Sears’ sheer size, the bankruptcy filing will have wide ripple effects on everything from already ailing landlords to its tens of thousands of workers.
Downtown steakhouse closes after parent company’s bankruptcy
Downtown’s jam-packed steakhouse scene has become a little less crowded after the closure of an upscale player that debuted in Indianapolis in 2017.
Retailers up their game to fill void left by Toys ‘R’ Us closures
Retailers including Walmart, Target and Party City are trying to grab a piece of the nearly $3 billion left on the table by Toys “R” Us, or 12 percent of the U.S. toy market.
Restaurateur Gino Pizzi reopening Blu Point Oyster Bar
Short-lived 1980s experiment being resurrected in Meridian-Kessler. Also: Jeff Ruby’s Steakhouse, Virginia Avenue Pizza Co., Bow Wow Meow Boutique, Linden Tree Gifts, Moody Eyes and Ross Dress for Less
CVS-Aetna deal given go-ahead by U.S. antitrust regulators
The Justice Department’s approval clears the way for a merger that will create a health care giant with a hand in insurance, prescription-drug benefits and drugstores across the United States.
Sears preparing for bankruptcy as soon as this weekend
Sears Holdings Corp., the struggling U.S. retailer owned by hedge fund manager Eddie Lampert, is focused on a deal that would preserve stakeholders’ value in a court restructuring, according to a person with knowledge of the matter.
River West Coffee & Tea revs up on near-west side
The business runs out of a mobile truck right now, but its owners plan to open a brick-and-mortar coffee shop within the next two years.
CBD oil stores popping up around Indianapolis
Effective July 1, cannabis-derived oil became legal to sell in Indiana. Retailers are seizing the opportunity to open shops around the city.
Amazon warehouse workers lose bonuses, stock awards as they get raises
The online retailer upped its minimum wage to $15 and raised other warehouse wages by $1 per hour, but employees learned Wednesday that there’s a tradeoff.
Naptown Thrift founder, hip-hop artist finds success by blending the two interests
Aaron Marshall has used his passion to fuel his business—and the result is Naptown Thrift, a vintage clothing store specializing in the 1980s and 1990s.
Carmel to buy shopping center near City Center for $15M
The Carmel Redevelopment Commission has an agreement in place to purchase the shopping center, a deal that will allow the city to raze the existing building and develop another project.
Toys ‘R’ Us lenders file plan to revive brand, reopen stores
In a bankruptcy court filing Monday, the lenders said they had canceled a plan to auction off the company’s intellectual property. Instead, they are seeking to reorganize the assets into a new company that will invest in new retail operating businesses.
Papa John’s founder admits to non-disclosure agreements with two women
Embattled Papa John’s International Inc. founder John Schnatter has previously faced sexual harassment allegations.
East-side Cajun eatery calling it quits after 11 years
Owner and co-founder Art Bouvier cited myriad reasons for the upcoming closure of Papa Roux.
Giant Eagle to acquire 56-store Ricker’s chain
Ricker’s Chairman Jay Ricker told IBJ on Thursday morning that a purchase agreement for his 39-year-old company is in place and the deal is expected to close by the end of the month.
Group behind Bakersfield, Eagle, Krueger’s planning more local eateries
The Cincinnati-based operator is preparing to open Krueger’s Tavern on North Delaware Street. Also, in this week’s roundup: Launching Station, Between the Bun, Ruth’s Chris and Bob Evans.
Patachou Foundation expanding rapidly, feeding more children in more places
It has grown from serving 180 children at three schools in the Indianapolis Public Schools district in 2013 to serving 1,200 children at eight schools and five summer camps this year.
Dunkin’ Donuts to change its name to just Dunkin’
Doughnuts are still on the menu, but the company is renaming itself “Dunkin'” to reflect the chain’s increasing emphasis on coffee and other drinks.
Bank, restaurant vacating downtown tower as work gears up for new hotel
The street-level retail tenants in One North Penn are preparing to either relocate or close for good as the office building’s transformation gets under way.