King Ribs keeps it in the family
Sherry and David Williams, both in their 50s, work seven days a week to keep their two restaurants and a catering business running.
Retail
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Staples to be acquired by Sycamore Partners for $6.9 billion
Staples Inc. will be acquired by Sycamore Partners in one of the largest retail deals of the year, a wager that the office-supply chain is better off continuing its turnaround plan as a private company.
St. Louis-based barbecue joint to open downtown Indy location
A barbecue chain with six existing restaurants is set to take the downtown space last occupied by a Penn Station East Coast Subs. The restaurant, its first outside of Missouri, should open this fall.
Going fishing? Longtime owner of Indy boat dealership to retire, close business
The 40-year-old seller of recreational watercraft is staging a “going out of business sale” as its owner prepares for an active retirement.
British retailer boosts Finish Line stake to nearly 20 percent
Sports Direct International now controls nearly 8 million Finish Line shares worth about $107 million, raising speculation about a possible takeover of the Indianapolis-based retailer.
Novel layout complicated effort to find Marsh buyers for some stores
Rather than featuring long, tall aisles like traditional groceries, the new-format stores featured a courtyard in the center with a dozen “boutiques” around the perimeter, each selling a certain category of goods.
DINING: Fountain Square restaurant scene adds a Sidekick
While nothing we tasted defined Sidekick’s as a destination pizza shop, we did find offerings that make it a welcome addition to the Fountain Square lineup.
Indiana restaurant owners sentenced for underreporting $1.8M in sales
Two central Indiana restaurant owners have been sentenced to home detention and ordered to make restitution for failing to collect and remit sales taxes, Marion County Prosecutor Terry Curry announced Monday.
Hancock County leaders sketch out, crunch scenarios on key corridor
A six-month-long study of development scenarios along a 10-mile stretch of Mount Comfort Road is feeding local leaders with data on potential projects and helping guide land-use decisions.
Kroger takes $7B hit as Amazon deal compounds recent struggles
The biggest U.S. supermarket chain lost more than $7 billion in market value combined on Thursday and Friday, the biggest two-day loss for the company since December 1999.
Indy Fuel owners, developer propose $40M sports, entertainment complex
The owners of the Indy Fuel professional hockey team and Indianapolis-based developer Gershman Partners announced plans Monday to team up on a $40 million-plus sports, family entertainment and hospitality complex on 60 acres along Interstate 65 in Greenwood.
Suit alleging Kroger stores didn’t collect sales tax reverts to state court
A lawsuit alleging Kroger stores in Indiana have for years knowingly failed to collect and remit state sales tax on hundreds of non-exempt food items and other goods will be heard in state court after a judge denied the grocers’ bid to transfer the suit to federal court.
Grocery, retail stocks plunge on Amazon-Whole Foods deal
Investors worry that Amazon, which has wreaked havoc on department stores and other brick-and-mortar retailers, will do the same thing with groceries.
UPDATE: Amazon to acquire Whole Foods in $13.7B deal
Amazon.com Inc. plans to buy Whole Foods Market Inc. in the biggest transaction ever for the e-commerce giant as it pushes deeper into groceries.
2017 Indiana 100: E-commerce firm marches to own beat
Sweetwater Sound—which has a 44-acre campus in Fort Wayne—is the nation’s largest online retailer of musical instruments and audio equipment.
Audio firm finds ‘Made in USA’ strikes chord
Indy Audio Labs, founded in 2009, serves a very exclusive market niche—high-end audio equipment for home music and theater buffs.
Aldi spending $30M to revamp 22 area grocery stores
Aldi is doubling the amount of space it devotes to fresh produce; carrying fresh fish to complement its beef, steak and chicken offerings; expanding its wine selection and adding more shelves in its frozen food section.
Going-out-of-business sales start Thursday at 18 Marsh stores
Sales to liquidate inventory at the 18 stores that weren’t sold at auction to other grocers this week could last until early July, said a Marsh spokesman.
CVS, suitors for Marsh stores agree to settlement, helping clear way for sale
Under the agreement, prospective store buyers Kroger and Fresh Encounter would be able to operate pharmacies at the locations much sooner than rival CVS expected.
U.S. retail sales experience biggest drop in 16 months
Americans cut spending at gasoline stations, department stores and electronics shops in May as retail sales fell 0.3 percent.