May retail sales fell 1.3% as Americans spent less on goods
Retail sales fell in May, dragged down by a decline in auto sales and a shift by Americans to spend more on vacations and other services instead of goods.
Retail sales fell in May, dragged down by a decline in auto sales and a shift by Americans to spend more on vacations and other services instead of goods.
Indianapolis-based mall owner Simon Property Group is among the retailer’s largest unsecured creditors; it is owed more than $3 million in rent payments.
With more people getting vaccinated and dropping their face masks, retailers from Walmart to Macy’s are seeing an eager return to their stores after more than a year of their customers migrating online during the pandemic.
Monon Toys & Crafts opened at 6510 Cornell Ave. and is in 1,000 square feet of rented space previously occupied by Broad Ripple Knits.
Kroger, the country’s largest grocery chain, and other national retailers have been dropping mask requirements in locations where local governments allow them to.
Almost all retailers reporting quarterly earns this week have put up enormous sales figures, evidence of a migration from time spent shuttered indoors to something closer normalcy.
The Garage Food Hall, part of the $300 million Bottleworks development on Mass Ave, has 17 tenants, with two more opening next month. The hall expects to create even more tenant space once pandemic restrictions end.
The fast-food giant is also encouraging its franchisees—which make up 95% of its restaurant base—to boost pay.
Downtown Indy Inc. has launched a GoFundMe page to raise money to help the Cento family pay for a funeral “and other expenses to help sustain the Cento family business—a beloved and longtime staple of downtown Indianapolis.”
Host Mason King talks with two retailers—Scott Horvath, owner of O’Malia’s Living, and Pat Sullivan, who owns owner of three Sullivan’s Hardware & Garden stores plus Allisonville Home & Garden by Sullivan—about what customers want and why the supply chain is struggling to keep up.
Poag Shopping Centers earlier this month squared away its financial dispute over The Shops at Perry Crossing, allowing the firm to take back the keys to the property.
More than half of U.S. consumers plan to buy clothing in the coming months, catapulting it back to the top category of anticipated spending, followed by footwear and beauty products.
The new Ollie’s store will be the fast-growing Pennsylvania-based chain’s fourth Indianapolis-area location, taking the site of the first Indianapolis-area Marsh grocery store.
The massive facility, which would employ hundreds of people, would be built on a 100-acre site adjacent to Interstate 74.
The change is part of a larger reckoning over sexual harassment at McDonald’s. At least 50 workers have filed charges against the company over the last five years, alleging physical and verbal harassment and, in some cases, retaliation when they complained.
Cargo traditionally operates out of a shipping container that it is moving to Fountain Square, but for now, it’s in a pop-up shop in the former Pearings Cafe in downtown Indianapolis. IBJ talked with Porter—who owns the clothing brand Komäfi—about how business is going.
The cheap-chic retailer will also add products from more than 500 Black-owned companies across its aisles and help Black vendors expand their sales in big-box retail.
The latest salvo was fired by Keith Stucker, an Indianapolis investment adviser who started Pier 48 with Fred Knipscheer, a former hockey player who entered the restaurant business more than a decade ago.
When the pandemic dried up the demand for beer at customer-limited bars and restaurants, local brewers had to shift focus to sales at grocery stores, pharmacies and packaged liquor stores.
Retailers are abandoning enclosed malls in growing numbers as the rise of online shopping transforms the industry—a trend that has accelerated during the coronavirus pandemic.