Kroger bagging its 762-location convenience store unit in $2.15B sale
The stores employ 11,000 associates in 18 states and operate under the banners Turkey Hill, Loaf ‘N Jug, Kwik Shop, Tom Thumb and Quik Stop.
Retail
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Prices for wings come back down to earth
Intense demand for chicken wings from a growing roster of retailers drove up prices last year. Restaurateurs like Buffalo Wild Wings are relieved that supply has normalized again, just in time for the Super Bowl.
Cunningham stable of eateries is about to get even bigger
Serial restaurateur Mike Cunningham’s stable of eateries has swelled to 24,and he’s taking over the closed Old Point Tavern on Massachusetts Avenue and Cerulean at The Alexander hotel in CityWay.
With Carson’s out, what’s next for Circle Centre?
Real estate experts disagree over whether the prominent downtown space being vacated by Carson’s makes more sense for another retailer (perhaps Target?) or for an office user.
Carson’s to close Circle Centre anchor store
The impending closure will represent a huge hit to the downtown mall, which has seen a steady exodus of traditional retail tenants in recent years. Nordstrom shuttered its anchor store at the mall in 2011.
Original Circle Centre jeweler closes doors
Workers at Andrews Jewelers on the second floor of the downtown mall could be seen on Monday packing up gems and baubles behind security gates.
Carson’s parent ponders bankruptcy as part of restructuring
The comeback strategy for Bon-Ton Stores includes closing a dozen Carson’s stores, although Bon-Ton hasn’t specified locations. The only Carson’s in Indianapolis is the lone anchor for Circle Centre mall.
Keurig to buy Dr. Pepper Snapple, creating beverage giant
The companies, both the result of previous mergers, would bring under one tent global brands like Dr. Pepper, 7UP, Snapple, A&W, Mott's, Sunkist and Keurig's single-serve coffee makers.
Mass Ave distillery, eatery calling it quits
Mass Ave cocktail lounge and restaurant Broken Beaker Distillery is closing, its owner announced Thursday evening in a Facebook post.
Mass Ave brunch spot abruptly closes
A staple of the cultural district’s dining scene has closed following the introduction of a new operator.
Downtown microbrewery files for Chapter 11 to avoid eviction
Tow Yard Brewing made the move to reorganize its assets before its current lease ends and the owner of the building seeks another tenant for the space.
Finish Line stock up, but underlying challenges remain
Deep discounting has become rampant in the athletic shoe and apparel industry—a reality that's weighing on the results of the Indianapolis-based chain.
Two local stores on Toys ‘R’ Us bankruptcy closure list
The world’s largest toy chain is planning to close about 180 Toys “R” Us and Babies “R” Us stores nationally as part of a reorganization plan to emerge from its September bankruptcy, according to a court filing.
Sun King plans specialty brewery, taproom at Yard in Fishers
Sun King Brewing Co. has downsized a previous plan to build a major brewery and tasting room in Fishers. It instead plans to open a smaller facility at The Yard at Fishers District that includes culinary incubator space for the overall development.
Judge: Developer can proceed with residential-retail project in Chatham Arch
A Marion Superior Court judge has ruled in favor of a North Carolina developer, after a neighborhood resident challenged his plans to build the project.
Indiana Senate approves carryout Sunday alcohol sales bill
The bill now moves to the House, which is expected to vote soon on its own Sunday sales proposal with similar terms.
Hogsett says Amazon bid focuses more on quality of life than sites, incentives
The mayor also told IBJ that the city is “prepared to look at anything and everything” that would help it secure Amazon’s planned second U.S. headquarters—as long as any action is fiscally prudent.
Simon settles suit with Starbucks over closing Teavana stores
The Indianapolis-based mall owner had sued Starbucks, attempting to stop the coffee giant from closing dozens of Teavana locations at its properties.
Sun King to announce plans for Fishers brewery with developer of The Yard
The Indianapolis-based brewing company wouldn’t specify a location for the brewery, despite noting that a representative from the developer would be on hand at the Jan. 23 press conference.
Five-restaurant Le Peep owner changes hands
The new owners of the local company—which was launched in 1988 by Bill Eckrich as part of the national Le Peep chain—plan to renovate all the restaurants.