Target says it plans to cut prices on thousands of basic items
Target is very cognizant of the spending pullback by shoppers amid high inflation. In March, it reported its first annual decline in sales in seven years.
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Red Lobster files for Chapter 11 bankruptcy protection
After closing dozens of restaurants, including one in Indianapolis, the seafood chain has agreed to sell itself to its lenders―giving it a $100 million financing commitment to keep it afloat.
Bicycle shops see bumpy ride after pandemic boom
Hobbled by pandemic-related supply chain issues, shops sold all their bikes and had trouble restocking. Now, inventory has caught up, but fewer people need new bikes.
Monsterz Inc. store is latest brainchild of costume maker Jess West
Monsterz Inc. opened in March as a costume store, artist workshop and event venue on the first floor of the Historic Irvington Lodge.
Are tacos and burritos sandwiches? A judge in Indiana ruled yes.
A developer of the shopping center property wanted to allow the Famous Taco restaurant to open there, but a nearby condominium association raised concerns that the business violated the property’s zoning policy.
Stout’s Shoes, Japanese steakhouse among businesses planning openings at Carmel development
In addition to a shoe store, steakhouse, med spa and brewery taproom, The Signature will have eight owner-occupied condominiums, 295 luxury apartments and a 374-space public parking garage.
Red Lobster to close dozens of restaurants, including one in Indianapolis
Red Lobster has been struggling for some time. With lease and labor costs piling up in recent years, the chain is now reportedly considering filing for bankruptcy.
Local restaurateur plans $6.4M steakhouse in downtown Westfield
Restauranteur Henri Najem plans to build the 9,500-square-foot, high-end restaurant near Grand Junction Plaza.
Target to reduce number of stores carrying Pride-themed merchandise after last year’s backlash
Target, which operates roughly 2,000 stores, said decisions about where to stock Pride-themed products, including adult apparel, home goods, foods and beverages would be based on “guest insights and consumer research.”
Niemann Harvest Market grocery set to open in Carmel
The farm-to-market-style grocery plans to open its first Indiana store next week.
Wawa planning store along busy 146th Street corridor in Noblesville
Carmel-based JDF Development is planning an $8 million to $10 million project with a Wawa Fuel Center and a 10,000-square-foot office building on 4.45 acres.
Downtown lunch spot Subito to add seating plus a second location
After nine years as a takeout restaurant, downtown’s Subito to add dine-in seating and also join the roster at AMP food hall at 16 Tech.
Starbucks founder says company needs to refocus on coffee as sales struggle
The coffee giant said revenue dropped 2% in the January-March period as store traffic slowed around the world. It was the first time since 2020 that the company saw a drop in quarterly revenue.
Sam Ash Music to close all stores, including Castleton location
The announcement comes just more than a month after Sam Ash said it would close 18 of 44 stores as part of a company restructuring meant to make the company stronger.
After stint on South Meridian, Walk-On’s restaurant to open in Fishers
Todd Johnson, co-franchisee with NFL Hall of Famer Derrick Brooks and Wade Kornblith, said he anticipates a reliable stream of customers at the new location.
McDonald’s plans to step up deals, marketing to combat slower fast-food traffic
The burger giant and fast-food bellwether said inflation-weary customers are eating out less often in many big markets.
Restaurateur takes over former downtown bank branch by Riley Towers
FortyFive Degrees owner Bill Pritt said he intends for Harrison’s Restaurant, a concept based on “good portions and fair prices,” to open by spring 2025.
Noblesville district would allow drinking and strolling
A proposed district in downtown Noblesville could make life easier for festival organizers, strengthen the bottom line for business owners, and help residents and visitors have a good time.
Guggman Haus Brewing Co. to open Meridian-Kessler taproom
Guggman Haus Brewing Co. plans to take over the former Scarlet Lane Brewing Co. location near the intersection of 46th Street and College Avenue.
Non-alcoholic bar Memento Zero Proof Lounge closes in Fishers
Memento co-owner Max Gavin told IBJ the bar at the First Internet Bank building at 8701 E. 116th St. closed due to a lease issue.