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.
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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.
CVS, owners of Lockerbie Marketplace object to Marsh store-sale plan
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.
Proposed Marsh store sales set table for downtown free-for-all
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.
Marsh locations slated for purchase by Ohio grocers include 12 in central Indiana
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.
Art house cinema, restaurant planned on Indy’s near-east side
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.
National children’s retailer with nine area stores files for bankruptcy
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.
Fountain Square restaurant Marrow calling it quits
Marrow, an innovative restaurant with an eclectic menu, was co-founded by chef John Adams, formerly of Bluebeard and Plow & Anchor Restaurant.
Markets help farmers link directly to chefs, customers
As farmers markets have grown increasingly popular in Indianapolis, relationships among vendors, restaurants and foodies have taken root across the city.
‘Numerous bidders’ pursue Marsh stores, likely setting stage for auction
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.
Key deadline in Marsh sale passes without suitor surfacing
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.
Running shoe retailer considers relocating distribution center to Whitestown
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.
Mass Ave restaurant, craft brewery set for closure
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.