UPDATE: Marsh Supermarkets files for Chapter 11 bankruptcy protection
The struggling grocery chain announced the move Thursday morning as it seeks a buyer for all or some of its remaining 44 stores.
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Steak n Shake’s same-store sales slide again, profit falls
Sales at Steak n Shake locations open at least 18 months fell 3.3 percent in the first quarter, continuing a slide that began last year.
Kroger plans timely job fair amid Marsh’s closing spree
Kroger said it didn’t plan the event to take advantage of the Marsh closings, but it welcomes the local grocery chain’s former employees. The grocer is looking to fill more than 300 positions.
Marsh plans to close all stores within 60 days if buyer isn’t found
The supermarket chain told state officials on Monday that it would close 16 stores within the next two months, if it can’t find buyers or business partners. But in fact all of Marsh’s stores will shut their doors if the company comes up empty-handed.
Experts: Endangered downtown Marsh locations attractive to competitors
If Marsh’s two downtown stores close, as the struggling grocer has warned could happen within two months, the locations likely would attract interest from rival supermarket operators.
Marsh warns of 16 more store closings, 1,454 job cuts if buyer isn’t found
The struggling supermarket chain warned the state Monday that that it is prepared to close the stores—including 11 in the Indianapolis area—within 60 days if it can't find buyer for the company.
Gander Mountain liquidating inventory, but not closing every store
The CEO of the retail chain’s new parent company said Sunday that he plans to keep 70 to 75 Gander Mountain stores open, including two or possibly three stores in the Indianapolis area.
Marsh Supermarkets closing nine more stores this month
The latest announced closings, seven of which are in the Indianapolis area, bring the total number of Marsh grocery stores that are set to shut their doors this month to 19.
Grocery closures create growing food deserts in Anderson
As grocery stores continue to close throughout the city, residents who don’t have reliable access to transportation have seen their options for local groceries continue to dwindle.
With loss of pharmacies, Marsh can no longer sell hard liquor
State law prohibits grocery stores without pharmacies from selling spirits, prompting Marsh to offer big discounts on its inventory.
Holcomb faces deadline on divisive energy, alcohol bills
Thus far, the Indiana governor has refused to detail any action he may take, saying he was “still reviewing” them and “looking at every angle.”
Marsh Supermarkets closing all in-store pharmacies
The struggling grocery chain told employees Friday morning that it plans to discontinue pharmacy operations and has sold customer prescription files to a national drug store chain.
Owners lavish more than love on pets—and businesses respond
U.S. spending on pets has increased every year since at least 1994, with the largest boost—nearly 11 percent—occurring last year.
Simon CEO says he’s confident mall business will prevail in tough retail climate
David Simon told investors that the “returns will be there” if the company continues to invest in its properties.
Developer proposes $50M shopping center in Whitestown
The Shoppes at Whitestown would be located on 33 acres within the Anson development with room for about 20 retailers and seven outlots. It could open by fall 2018.
Simon misses analyst predictions, but reports stable mall occupancy
Simon Property Group CEO David Simon said he was pleased with first quarter results, considering the “current choppy retail environment.”
McDonald’s gives thanks to Big Mac changes after surprising quarter
A revamp of McDonald’s iconic Big Mac burger and more aggressive drink promotions are helping the restaurant giant overcome a broader slump in the fast-food industry.
Local wiener eatery hawking franchises for convenience stores
King David Dogs is pursuing growth through gas stations and travel plazas by franchising kiosk-sized versions of its downtown restaurant, known for its quarter-pound, all-beef hot dogs.
Hope floats: North-side plumbing firm rehabbing building for HQ move
Hope Plumbing expects to sink $1 million into the project about a block from its current home to accommodate its growth. It’s seeking a tax abatement from the city to help offset costs.
Whole Foods rallies on report that Albertsons is mulling bid
Whole Foods Market Inc. shares rose the most in two weeks after the Financial Times reported that Albertsons Cos. is considering a takeover of the organic grocer.