Sears preparing to close more stores after another poor quarter
The holding company for Sears and Kmart announced plans to close 28 more stores after it lost $251 million in the second quarter and revenue fell 23 percent.
Retail
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Walmart joins forces with Google on voice-activated shopping
The world's largest retailer said Wednesday it's working with Google to offer hundreds of thousands of items from laundry detergent to Legos for voice shopping through Google Assistant.
Whole Foods shareholders say yes to $13.7B Amazon deal
The approval is one step required to close the deal, which is a bold move into physical stores for Amazon, and has the possibility of making big changes to the supermarket industry and online grocery ordering.
Simon pays $945,000 to settle N.Y. antitrust probe
The Indianapolis-based real estate giant called the investigation "meritless" but nonetheless agreed to modify leases at a popular outlet mall near Manhattan that restricted tenants from opening a second location within 60 miles.
HHGregg preparing for comeback as online retailer
A company that acquired the intellectual property rights for defunct Indianapolis-based retailer HHGregg Inc. is planning to resurrect the brand with an online business that sells electronics and appliances nationally.
Portillo’s announces opening date for first Indy-area restaurant
The Chicago-based eatery known for its Italian beef sandwiches and hot dogs is set to open at 9201 E 116th St. in Fishers, near Ikea.
Last local Joe’s Crab Shack goes out of business
Parent company Ignite Restaurant Group, which filed for Chapter 11 bankruptcy in June, has closed dozens of restaurants across the country.
Ikea announces opening date for Fishers location
The Swedish retailer said it will allow customers to line up at the 289,000-square-foot store two days ahead of the grand opening.
Indy-area Applebee’s owner says local locations aren’t closing
Apple American Group, which owns about 20 Applebee’s franchises in the Indianapolis area, said its restaurants won’t be among those being shut down by DineEquity Inc.
Parent of Applebee’s, IHOP to close up to 160 restaurants
DineEquity Inc., the parent company of Applebee’s Neighborhood Bar & Grill and IHOP, is planning to eliminate as many as 160 of the restaurants, the company said Thursday.
Growing number of restaurants, bars serving board games as side dish
Standards such as Monopoly, Scrabble and Yahtzee can be found on shelves at Big Lug Brewery, Tin Roof, Thirsty Scholar and more. But some venues have gone even further—including Books & Brews and Kingmakers—are making tabletop games the centerpiece of an evening out.
Has Steak n Shake’s value pricing become detriment?
Sardar Biglari racked up 29 quarters of consecutive same-store sales gains before the current cold streak hit.
Amazon’s impact, influence grows in central Indiana
Seattle-based Amazon employs more than 9,000 full-time workers at its five Indiana fulfillment centers, four of which are in central Indiana—with plans to add more positions.
Macy’s, Kohl’s renew fears of intractable retail slump
A fresh round of sales declines at Macy’s Inc. and Kohl’s Corp., though less severe than Wall Street had feared, is renewing concerns that the department-store industry can’t pull out of a years-long slump.
UPDATE: Man charged over threats to blow up Indiana shopping center, schools
The U.S. Attorney's office in Indianapolis said Monday that Buster Hernandez also is accused of making cyber threats to juvenile females and producing child pornography.
NAPA Balkamp moving 190 employees from Indy to Plainfield
The town of Plainfield announced Friday morning that auto parts distributor NAPA Balkamp will move its corporate headquarters from Indianapolis to the former Galyan’s Trading Co. building.
Dunkin’ Donuts considering name overhaul
Dunkin' Donuts said it won't make a decision on whether it will change its name until late next year, when it expects to start redesigning stores.
Simon Property tops quarterly estimates, raises full-year guidance
Shares in the Indianapolis-based mall owner rose in early-morning trading Tuesday after the company increased its quarterly dividend and its full-year guidance for 2017.
Safeway stores get fix-up under new owners
Local grocery chain Safeway, hatched during World War II, has outlasted other homegrown competitors at a time large nationals are increasing their market share.
Starbucks to close all Teavana stores as sales disappoint
Four of Teavana’s 379 locations—which will all shut down over the coming year—are in Indianapolis-area malls.