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Walmart spending $108M to expand Indiana distribution center
The expansion will double shipping capacity and add automation technology that the company said will increase the speed with which merchandise gets sent to Walmart stores.
The expansion will double shipping capacity and add automation technology that the company said will increase the speed with which merchandise gets sent to Walmart stores.
Just as the American economy is struggling with high inflation and interest rates, the coming resumption of student loan payments poses yet another potential challenge.
Christmas Tree Shops Inc. is expected to close all 82 of its stores after failing to save itself through bankruptcy.
The closure of the Fashion Mall location comes less than two years after the Mimi Blue restaurant in Carmel ceased operations. The locally owned business has one remaining restaurant.
The $21.5 million deal—which covers Bed Bath & Beyond’s brand name, business data and digital assets but excludes its brick-and-mortar stores—must still be approved by New Jersey’s bankruptcy court.
Walmart on Thursday will host a ceremonial grand opening for the 2.2 million-square-foot, three-story facility, which will eventually employ up to 1,000 people.
Known as the Stutz Business and Art Center from the 1990s until real estate developer Turner Woodard sold his majority stake in 2021, the complex is entering a new era by offering dining, shopping and personal fitness.
Some state lawmakers tried and failed to pass legislation that would have prevented Indianapolis from enforcing its ordinance. But the legislator who authored the bill says he plans to try again next year.
Target said theft is cutting into its bottom line and it expects related losses could top $1.2 billion this year after an estimated $700 to $800 million in losses from theft last year.
The company has leased the 18,000-square-foot building since 2002 and hopes the purchase—made possible through a small-business loan—will cement it in that location for the foreseeable future.
The discount home goods retailer has one remaining store in Indianapolis and another in Carmel that will soon be closing their doors.
The retailer has set a closing deadline for its stores, including those in Carmel, Noblesville, Greenwood and Bloomington, and announced it will stop accepting its ubiquitous coupons soon.
The company employs more than 11,000 workers and has about 300 stores across dozens of states, including three in central Indiana.
Cut off from direct access to its own cash and turning to third-party financing to convince some suppliers to ship merchandise, Bed Bath & Beyond is running low on options to dig itself out of a financial hole years in the making.
Steve Sanner is owner and president of Jiffy Lube of Indiana, which counts 51 locations and about 510 employees altogether.
Companies from toothpaste makers to Chipolte are adding more premium items as they reach out to wealthier shoppers who are still spending freely even in the face of higher inflation.
The high-stakes battle pits the Humane Society of the United States and its efforts to protect animals against some national pet store chains, which say they simply want to be able to continue to sell puppies from USDA-licensed breeders.
Over the past two years, the Labor Department’s Occupational Safety and Health Administration has issued fines of $12.5 million against Dollar General, the most of any retailer during that period.
In this week’s edition of the IBJ Podcast, Connor and Christa Hitchcock explain how they parlayed their success with small schools into agreements with the bigger names.
Laxman Narasimhan, the new CEO of Starbucks, has spent the last six months immersing himself in Starbucks, earning his barista certification as well as visiting stores, farms and manufacturing centers across the world.