Subway plans 500 more U.S. store closings amid fierce competition
After peppering the nation with thousands of locations, closely held Subway is retrenching in the United States while adding more stores in international markets.
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Old National Bank to close branch offices in Indianapolis, Carmel
Old National took over all three of the branches in 2009 when it acquired 52 Indianapolis-area Charter One offices. All but a few of those locations have since closed.
Sears stock soars as Lampert offers to buy Kenmore brand, real estate
Edward Lampert is pushing for a more aggressive breakup of Sears Holdings Corp. as the hedge-fund manager aims to salvage what’s left of the struggling retailer and stave off a potential bankruptcy filing.
World of Beer bar/restaurant set to open on Mass Ave
The establishment, located in the space formerly occupied by Mass Ave Toys, occupies 7,500 square feet over two levels—a bar and full-service restaurant on the main floor, and a second bar in the basement.
Amazon’s reveals its Prime service has 100 million members
CEO Jeff Bezos quantified the size of Amazon’s Prime membership for the first time Wednesday. Amazon launched the service 13 years ago as a way to foster customer loyalty.
Indy CD & Vinyl, Luna Music, Square Cat Vinyl, others to celebrate Record Store Day
Event boosts independent retailers. Also this week: Bentley’s Pet Stuff, Bird Fever, Le Peep and Tom Wood Toyota.
Carson’s parent Bon-Ton Stores heading for liquidation
The end is near for Bon-Ton Stores, the 160-year-old department store chain that operates more than 250 stores under various names, including Carson's, Younkers and Elder-Beerman.
Portillo’s restaurant chain planning to open Avon location
The Avon location will be the third local restaurant for the growing Chicago-based chain, which is known for its hots dogs and Italian beef sandwiches.
Starbucks to close stores for an afternoon for racial-bias training
Starbucks, moving swiftly to confront a racially charged uproar over the arrest of two black men at one of its stores, plans to close more than 8,000 U.S. stores for several hours next month to conduct racial-bias training for nearly 175,000 workers.
Internet sales tax issue divides Supreme Court justices
Hearing arguments Tuesday, the justices considered overturning the court’s 1992 ruling that made much of the internet a tax-free zone by exempting retailers that don’t have a physical presence in a state.
U.S. retail sales rebound sharply after post-holiday lull
The Commerce Department on Monday said retail sales rose 0.6 percent last month, the largest increase since November.
Circle Centre lands Purdue Polytechnic High School, five other tenants
Purdue Polytechnic plans to operate at the mall for the 2018-19 school year. Other new tenants include three restaurants, an Indiana-themed shop and an executive coaching consultant.
Naked Tchopstix opening new restaurants in Indianapolis, Carmel
The new sites will join Naked Tchopstix’s existing locations at 3855 E. 96th St. in Indianapolis and in Fort Wayne.
Target chooses site for its first small-format store in Indiana
The national retailer, which is rolling out dozens of non-traditional stores across the country, declined to comment on whether downtown Indianapolis could be a future site.
Indianapolis Cultural Trail launches food tours with stops at Milktooth, Bluebeard, Cafe Patachou, others
Participants will get a chance to sample food and interact with chefs and owners at a selection of restaurants and other culinary establishments in and near downtown.
Sears to auction off its Castleton Square mall store to raise funds
The Indianapolis store is among three in Indiana, and 16 total, that Sears plans to sell and lease back to generate cash for pension obligations.
Conner’s Kitchen + Bar part of downtown Marriott’s new restaurant lineup
A second new establishment, Rye Bar, opens at the Marriott Monday. Also: Wings Etc., Bell Helmets, Macy’s, Kate Spade.
Cafeterias still have cherished place in local dining scene
Though central Indiana doesn’t offer as many cafeteria options as in the past, diners hankering for this sort of fare can still slide their trays past a long line of choices.
Naked Tchopstix in Broad Ripple becomes Captain Sushi after sale
The new owner also operates Hirosaki, a Japanese restaurant in Avon that opened in 2016.
Walmart plans $24M in renovations, tech upgrades at Indiana stores
Retail giant Walmart on Wednesday announced plans to spend about $24 million over the next year to remodel seven stores in Indiana, including a supercenter in the Indianapolis area.