Fashion retailer with seven area stores calling it quits
After trying to find a new owner, Ascena Retail Group announced Monday that it is preparing to close its Dressbarn clothing chain, which has about 650 stores throughout the country.
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Walmart reports best first quarter in nine years
Shares in Walmart Inc. jumped Thursday morning after the nation's largest retailer exceeded quarterly same-store sales estimates and saw online sales continue to climb.
Taziki’s restaurant chain opens 82nd Street spot, plans more Indy eateries
Alabama-based Taziki’s Cafe is the third operator of Mediterranean restaurants to begin scouting locations for Indianapolis-area eateries in recent months.
New York firm sells south-side shopping center, buys north-side complex in Castleton
Nassimi Realty was a key player in two transactions totaling $15 million, offloading a retail center dominated by dollar stores and acquiring a complex directly east of Castleton Square Mall.
South Bend Chocolate Co. to open location in Carmel
South Bend Chocolate Co. is set to open one of its Chocolate Cafes in space that formerly housed a tattoo parlor and a convenience store.
Cincinnati-based tire chain plans seven area stores
Tire Discounters Inc., which has grown into one of the country’s largest independent tire dealers over the past decade, is rolling into the Indianapolis area this year with multiple locations.
Closures at Steak n Shake hit 60 this year, including five in Indy area
Steak n Shake has closed dozens of company-owned restaurants since the beginning of the year, but says those closures are temporary while it looks for franchisees to take over their operations.
Kohl’s to begin taking Amazon returns at all stores
Kohl’s has been testing Amazon returns at 100 stores for nearly two years and sees the service as a way to get people in its doors and potentially buy something while they’re there.
Pier 1 plans as many as 145 store closures in restructuring effort
The retailer said it would close stores where leases were expiring or where it was unable to get reduced rents. Pier 1 has two stores in Indianapolis and three in the suburbs.
Sears sues former chairman Lampert over losses
Sears Holdings Corp. is suing its former chairman and largest shareholder Eddie Lampert, alleging the billionaire stripped the once iconic company of more than $2 billion in assets.
U.S. retail sales bounce back with healthy March surge
The Commerce Department said Thursday that sales last month had their strongest increase since September 2017. During the past year, retail spending has grown 3.6%.
Caito Foods faces lawsuit linked to recalled melons
A Louisville woman alleges she became ill with salmonella after eating pre-cut melon produced by Indianapolis-based Caito. The firm issued a voluntary recall last week. Kroger is a co-defendant in the case.
Mainstream retailers embrace CBD despite unproven benefits
CBD’s growing demand persists despite very little evidence for all the health claims the industry touts.
Scotty’s Brewhouse in Southport calls it quits
The closure is the second to be announced by the Indianapolis-based restaurant chain this week and the seventh since December.
Local mattress maker to test retail with Circle Centre store
Foamcraft Inc. plans to open a pop-up store in Circle Centre under the Comfort Option name. The store is initially scheduled to be a one-month endeavor, but could be there much longer if things work out.
Walmart to remodel 19 Indiana stores
Walmart on Wednesday said it plans to spend $96 million this year in Indiana to remodel 19 stores and expand some of its customer-service options and technology.
Tide Cleaners planning to open five Indy-area franchises
The best-known name in detergents is about to bring its fast-growing laundry-services business to the Indianapolis area after acquiring five local dry cleaning stores.
Scotty’s Brewhouse to close 96th Street location
The closure will be the sixth for the Indianapolis-based restaurant chain since late last year. It comes as corporate parent Scotty’s Holdings works its way through Chapter 11 bankruptcy.
Shell of former gas station on cusp of Meridian-Kessler to become office building
Real estate agent and nearby resident Kelly Lavengood says she was inspired by other rehab projects in the area to buy and renovate the former Pure Oil gas station on 38th Street.
Nickel Plate Bar & Grill in Fishers to close this month
The iconic Fishers restaurant known for its giant pork tenderloin sandwiches and its historic downtown building is set to close later this month after 28 years in operation.