Walmart plans expansion of meal kits into more stores
The move puts the world's largest retailer in direct competition with meal-kit companies such as Blue Apron and HelloFresh.
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Indy Tire & Auto Service takes on new name
Indianapolis-based Indy Tire & Auto Service has a new name: Best-One of Indy.
Invesque picks up 14 medical office buildings in $142M deal
The deal includes a portfolio of 545,000 square feet of medical office space in New York, Florida and Canada, occupied by more than 400 physicians’ practices.
Mounds Mall in Anderson closing after 53 years in business
The very first enclosed shopping center developed by mall giant Melvin Simon & Associates is shutting down at the end of the month. The looming closure of anchor tenant Carson’s was the last straw for the struggling property.
Kite Realty nixes plan for movies-and-bowling venue in Carmel
Kite Realty Group Trust’s plan to bring a Frank Theatres CineBowl entertainment venue to help fill big vacancies at Hamilton Crossing Centre has fallen through.
Walmart sets age of 21 to buy firearms, ammunition
The move comes after Dick’s Sporting Goods announced earlier in the day that it would restrict the sale of firearms to those under 21 years old.
Best Buy to close its small-format mobile phone stores
The consumer electronics retailer is shutting down 250 small-format mobile phone stores in the United States, including two in the Indianapolis area.
Biglari works his critics into an uproar—again
Sardar Biglari might talk a good game about being a champion of shareholders, but his biggest critics view him as a hypocrite—thanks to a series of moves that furthered his control over the business, the latest of which has spurred one lawsuit and seems sure to spark others.
Dick’s ending sales of assault-style rifles in stores
Dick's Sporting Goods, a major U.S. retailer with eight stores in the Indianapolis area, said it will immediately halt sales of assault-style rifles and high-capacity magazines at all stores and ban the sale of all guns to anyone under 21.
Starbucks says empty storefronts are leading to lower rents
Starbucks Corp. Chairman Howard Schultz said he sees a blessing in all the retail vacancies across the United States—landlords are beginning to reduce rents.
Papa John’s to end NFL deal as new CEO confronts sluggish sales
The NFL partnership has been strained since Papa John’s founder John Schnatter slammed the league in November, saying that declining ratings had hurt sales. He also said that Commissioner Roger Goodell mishandled the national anthem controversy.
Macy’s breaks out of slump with better-than-expected holiday sales
The department store chain, which has three stores in the Indianapolis area, reported a healthy sales gain for the holiday period as it benefited from an improving economy and its own initiatives, like an overhauled customer loyalty program.
Brown closes Mass Ave eatery, plans new restaurant project with Oesterle
One day after shutting down his upscale southern European eatery in the Mass Ave district, local restaurateur and chef Neal Brown disclosed he was moving on to an even bigger project in partnership with former Angie’s List CEO Bill Oesterle.
After contamination hiatus, Blue Bell ice cream returning to Indiana
The iconic Texas-based brand has been unavailable locally since 2015, when the company recalled all of its products nationwide to deal with a listeria outbreak. In addition to reappearing in stores, Blue Bell is reopening a distribution center in Indianapolis.
Community theater group losing Clay Terrace performance venue
The group has been putting on plays at a space in Carmel’s Clay Terrace shopping center for more than eight years, thanks in large part to the largesse of the landlord. Now it needs to find a new home.
Is fast-growing rival of Lids frontrunner to buy chain?
Some analysts say the logical buyer for Zionsville-based Lids Sports Group is Fanatics Inc., an online-only rival that has been on a tear while Lids has struggled.
Taco Bell overtakes Burger King as fourth-largest U.S. chain
The Mexican-themed chain eclipsed its burger rival in U.S. sales last year, becoming the fourth-largest domestic restaurant brand. The top three brands held on to their spots.
Simon to spiff up struggling Circle Centre with long-awaited renovation
Plans for the “multimillion-dollar” renovation include transforming the food court into a dining pavilion and upgrading lighting and finishes. But the plans don’t address the long-term viability of the struggling mall.