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.
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.
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.
Americans cut spending at gasoline stations, department stores and electronics shops in May as retail sales fell 0.3 percent.
CVS wants to prevent buyers from operating pharmacies. Lockerbie Marketplace's owners say Fresh Encounter has failed to demonstrate it has the financial wherewithal to "fully perform" under the Marsh lease it wants to take over in that shopping center.
For decades, Marsh Supermarkets has had a lock on the downtown grocery market. Proposed store sales disclosed Tuesday, combined with the impending opening of Whole Foods, set the stage for three-way showdown.
The 26 stores that the Kroger and Fresh Encounter chains have agreed to acquire span Indiana, as well as four cities in Ohio. Here’s the whole list.
Tom and Ed Battista of Bluebeard fame have purchased the Christian Unity Missionary Baptist Church near Spades Park with hopes of opening a three-screen independent cinema and restaurant.
Gymboree, which is struggling under an enormous load of debt, said it would have to close up to a third of its 1,300 stores nationwide.
Marrow, an innovative restaurant with an eclectic menu, was co-founded by chef John Adams, formerly of Bluebeard and Plow & Anchor Restaurant.
As farmers markets have grown increasingly popular in Indianapolis, relationships among vendors, restaurants and foodies have taken root across the city.
The Fishers-based company would not provide details on the offers, which it is evaluating with creditors. The fate of its 44 remaining stores likely will be determined next week.
The deadline was Monday for the company to identify a so-called stalking horse bidder, which would make an initial offer for the grocer's assets that any other suitor would have to beat. Bidders for the business still could emerge, but time is running out.
Seattle-based running gear retailer Brooks Sports Inc. is considering opening a major distribution warehouse in Whitestown that could generate more than 100 new jobs.
Co-owner Ted Miller confirms financial problems drove the decision to shut down the 3-year-old brewery and a neighboring restaurant that opened in February.
In its latest effort to compete with online giant Amazon, Walmart is testing a delivery service using its own store employees, who will deliver packages ordered online while driving home from their regular work shifts.
CEO David Baxter, who was hired in May 2016, is aiming to marry the best of online retailing with brick-and-mortar stores, to lift the company’s profit margin to where it was five years ago.
The additions to the food court will include a concept from Cafe Patachou founder Martha Hoover.
Rather than building a test kitchen that would never in itself generate income, Cunningham Restaurant Group decided to build Vida, a real restaurant where chefs experiment.
Restaurants, grocers and other businesses celebrated Thursday as House Republicans backed off efforts to eliminate the cap on fees that banks can charge retailers when customers use debit cards.