Walmart boosts starting pay to $11 an hour, offers bonuses
The company said the moves that will affect more than a million hourly workers in the U.S. are tied to recently enacted tax legislation that will save it money.
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Sam’s Club closing two Indianapolis stores
Parent company Wal-Mart Stores Inc. said Thursday morning that it plans to close the stores at the end of the month as it shifts more resources into online operations.
Target shares rise after brisk holiday sales help boost forecast
Target Corp. emerged as a winner this holiday season, boosting its turnaround plan and pressuring rival Wal-Mart Stores Inc. to match the performance.
Fire destroys 75 boats at Indianapolis storage facility
The Indianapolis Fire Department said no one was injured in the fire at the Just Add Water Boats winter storage facility, but every boat was destroyed.
British retailer boosts Finish Line stake to 35 percent
Sports Direct International again has increased its holdings in the Indianapolis-based athletic shoe and apparel retailer.
Kohl’s joins holiday party with rebounding department stores
Kohl's put up big sales numbers throughout November and December, joining J.C. Penney and Macy’s in a much-needed holiday rally for traditional retailers.
The Yard in Fishers adds third eatery to complex’s lineup
A Miami-based operator plans to break ground this year on a vegan-friendly eatery and juice purveyor that might seed several other locations in the Indy area.
Two former Gander Mountain stores to reopen locally under new name
The new owner of retailer Gander Mountain plans to reopen at least 69 stores this year under the name Gander Outdoors. Two area stores are set to reopen in early February to early March, but the future is unclear for two others.
Sears Holdings to close 103 stores, including local Kmart
The local store closure will leave Indianapolis with just one remaining Kmart.
Latest round of Macy’s closures claims one store in Indiana
Department store chain Macy’s Inc. announced plans Thursday morning to close seven more stores nationally, including one in Indiana.
Amazon grabs headlines, but Aldi, Lidl still the grocers to watch
Aldi and Lidl—two no-frills German discounters that are expanding quickly in the United States—are putting more pressure on grocery giants Kroger and Walmart than Amazon.
Dry cleaner with unusual pricing model coming to Indy
A franchisee has agreed to open five locations in the metropolitan area, with the first expected to begin operating in August, in the former Fox & Hound space on the city’s northeast side.
Brokers, developers anticipate hale, hearty year in real estate
A sturdy office sector, hot industrial demand and some steamy retail categories are expected to boost Indy’s commercial real estate market in 2018.
Retail caps strong season with help from long Christmas weekend
Americans displayed their buying bona fides in the final run-up to Christmas, turning out in force to produce what may be the best holiday shopping season in years.
Mo’s downtown location to reopen as ‘Paleo-inspired’ diner
Owner John Vassallo plans to open Nook in February with a highly-educated staff that can help diners learn how foods impact their bodies.
Rodizio Grill hoping to reopen locally after Carmel closure
Rodizio Grill, a Utah-based Brazilian steakhouse chain that recently closed its Carmel location, is hoping to reopen the restaurant in the future under a new franchisee, the company told IBJ this week.
German eatery planned for former Bent Rail restaurant site
North-side Indianapolis eatery Bent Rail Brewery & Restaurant has closed, but plans are already in the works for a German-themed brewpub to take its place under new ownership.
Long-time south-side bakery closing doors
A nearly-30-year-old business known for custom-made cakes for weddings, graduations, birthdays and other special events is liquidating its equipment and closing its shop near the University of Indianapolis.
Brixx pizza set to reopen in Fishers with new owners
The restaurant at The Depot at Nickel Plate is scheduled to reopen in February, four months after closing abruptly at the same location.
Another upscale downtown restaurant closing at end of month
Chef Joseph’s on East Ohio Street will shut its doors upon the retirement of executive chef Joseph Heidenreich, ending a six-year run.