Sears preparing to close more stores after another poor quarter
The holding company for Sears and Kmart announced plans to close 28 more stores after it lost $251 million in the second quarter and revenue fell 23 percent.
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Whole Foods shareholders say yes to $13.7B Amazon deal
The approval is one step required to close the deal, which is a bold move into physical stores for Amazon, and has the possibility of making big changes to the supermarket industry and online grocery ordering.
Portillo’s announces opening date for first Indy-area restaurant
The Chicago-based eatery known for its Italian beef sandwiches and hot dogs is set to open at 9201 E 116th St. in Fishers, near Ikea.
Ikea announces opening date for Fishers location
The Swedish retailer said it will allow customers to line up at the 289,000-square-foot store two days ahead of the grand opening.
Parent of Applebee’s, IHOP to close up to 160 restaurants
DineEquity Inc., the parent company of Applebee’s Neighborhood Bar & Grill and IHOP, is planning to eliminate as many as 160 of the restaurants, the company said Thursday.
Amazon’s impact, influence grows in central Indiana
Seattle-based Amazon employs more than 9,000 full-time workers at its five Indiana fulfillment centers, four of which are in central Indiana—with plans to add more positions.
Macy’s, Kohl’s renew fears of intractable retail slump
A fresh round of sales declines at Macy’s Inc. and Kohl’s Corp., though less severe than Wall Street had feared, is renewing concerns that the department-store industry can’t pull out of a years-long slump.
Sports retailer stocks fall as Hibbett posts gloomy outlook
Hibbett, a sporting goods chain with more than 1,000 stores, including several in the Indianapolis area, announced bad news Monday morning. Shares of its competitors, such as Indianapolis-based Finish Line Inc., also fell.
Carson’s in Circle Centre is part of reeling department store firm
The parent company of Circle Centre mall’s sole anchor, Carson’s, is facing steep challenges, with some retail experts wondering whether it will be the next big chain to collapse.
Circle Centre announces additions to tenant mix
A store that specializes in denim, a new eatery and a souvenir shop have set their sights on the downtown shopping center.
Key HHGregg executives could pocket $675,000 in incentive bonuses
Executives eligible for the additional pay, if certain benchmarks are hit through the company’s bankruptcy, include Kevin J. Kovacs, HHGregg’s chief financial officer and acting CEO.
Apartments, grocery proposed in $32M renewal effort on key stretch of 38th Street
Plans are taking shape to revamp dilapidated and underdeveloped properties in the Maple Crossing area, north of 38th at Illinois and Meridian streets.
Local Safeway chain to reopen Marsh store in Beech Grove
The store was one of 18 of 44 remaining Marsh groceries that wasn’t acquired last month to either Kroger or Fresh Encounter, as part of Marsh Supermarket’s bankruptcy process.
National children’s retailer closing five Indiana stores
Children's clothing retailer Gymboree Corp. is closing 350 stores—including multiple shops in Indiana—as its works to restructure in bankruptcy. The Indianapolis area did not avoid the closure list.
Wine market, bar slated for Fountain Square space
The new retail and gathering place is leasing a high-visibility spot on Virginia Avenue where plans for a Japanese bistro recently were abandoned.
More Sears, Kmart stores set for closure in Indiana
Sears Holdings Corp. announced plans Friday to close 43 more stores, including three Sears department stores and one Kmart store in Indiana.
Fieldhouse snags deli chain for former Dunkin Donuts space downtown
A spokeswoman for the Texas-based chain says a franchisee is set to open later this year in Bankers Life Fieldhouse.
Jeans retailer with local mall store files for bankruptcy
Retailer True Religion Brand Jeans filed for Chapter 11 bankruptcy protection Wednesday and requested permission from the federal bankruptcy judge to close 27 of its 140 stores.
Sports Direct’s Ashley says serious deals not done while drunk
Mike Ashley, the billionaire owner of Sports Direct International—which owns a major stake in Indianapolis-based retailer The Finish Line Inc.—said a former employee’s claim that he made a $19 million bonus deal while in a London pub was “nonsense.”
Downtown Colts-themed restaurant abruptly closes
The eatery at 110 W. Washington St. opened in 2011 and was operated by a Florida-based food-service veteran.