The world’s largest toy chain is planning to close about 180 Toys “R” Us and Babies “R” Us stores nationally as part of a reorganization plan to emerge from its September bankruptcy, according to a court filing.
The bill now moves to the House, which is expected to vote soon on its own Sunday sales proposal with similar terms.
The mayor also told IBJ that the city is “prepared to look at anything and everything” that would help it secure Amazon’s planned second U.S. headquarters—as long as any action is fiscally prudent.
The company bringing the Canadian coffee-and-doughnut chain to central Indiana has revealed the sites of the four other restaurants, besides the one in Avon opening later this month.
The Indianapolis-based brewing company wouldn’t specify a location for the brewery, despite noting that a representative from the developer would be on hand at the Jan. 23 press conference.
The new owners of the local company—which was launched in 1988 by Bill Eckrich as part of the national Le Peep chain—plan to renovate all the restaurants.
The company said the moves that will affect more than a million hourly workers in the U.S. are tied to recently enacted tax legislation that will save it money.
Parent company Wal-Mart Stores Inc. said Thursday morning that it plans to close the stores at the end of the month as it shifts more resources into online operations.
Target Corp. emerged as a winner this holiday season, boosting its turnaround plan and pressuring rival Wal-Mart Stores Inc. to match the performance.
The Indianapolis Fire Department said no one was injured in the fire at the Just Add Water Boats winter storage facility, but every boat was destroyed.
Sports Direct International again has increased its holdings in the Indianapolis-based athletic shoe and apparel retailer.
Kohl's put up big sales numbers throughout November and December, joining J.C. Penney and Macy’s in a much-needed holiday rally for traditional retailers.
A Miami-based operator plans to break ground this year on a vegan-friendly eatery and juice purveyor that might seed several other locations in the Indy area.
The new owner of retailer Gander Mountain plans to reopen at least 69 stores this year under the name Gander Outdoors. Two area stores are set to reopen in early February to early March, but the future is unclear for two others.
The local store closure will leave Indianapolis with just one remaining Kmart.
Aldi and Lidl—two no-frills German discounters that are expanding quickly in the United States—are putting more pressure on grocery giants Kroger and Walmart than Amazon.
Americans displayed their buying bona fides in the final run-up to Christmas, turning out in force to produce what may be the best holiday shopping season in years.
North-side Indianapolis eatery Bent Rail Brewery & Restaurant has closed, but plans are already in the works for a German-themed brewpub to take its place under new ownership.
The Indianapolis-based retail real estate giant is spending $1 billion annually to upgrade its high-end properties, including adding splashy non-retail features like housing and hotels.
The 109-year-old building—once the tallest structure in Indianapolis—is slated for a transformation into a 130-room hotel expected to open in early 2020.
