Inside the massive new Walmart fulfillment center in McCordsville
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.
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New tenants bring new energy to historic Stutz complex
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.
Indy moves ahead with pet sale restrictions, but will state lawmakers stop them?
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 see lower profit as theft, consumer caution grows
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.
O’Malia’s in Carmel buys its longtime showroom
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.
Retailer Tuesday Morning closing all stores, begins clearance sales
The discount home goods retailer has one remaining store in Indianapolis and another in Carmel that will soon be closing their doors.
Bed Bath & Beyond files for bankruptcy protection, plans to close stores
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.
David’s Bridal files for bankruptcy for second time in five years
The company employs more than 11,000 workers and has about 300 stores across dozens of states, including three in central Indiana.
Bed Bath & Beyond begins 3-week countdown to possible bankruptcy
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.
IBJ Podcast: Indiana’s Jiffy Lube guru on art, entrepreneurism, police relations and March Madness laundry
Steve Sanner is owner and president of Jiffy Lube of Indiana, which counts 51 locations and about 510 employees altogether.
Companies targeting big spenders with premium products
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.
Bill pits animal welfare activists against breeders and pet stores
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.
Dollar General targeted by U.S. for systemic work hazards
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.
IBJ Podcast: How Homefield sprints to make apparel for Cinderellas of March Madness
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.
New Starbucks CEO plans to work in stores monthly
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.
‘Excuseflation’ helping prices—and corporate profits—remain high
A growing body of analysts and researchers see a pattern of companies using unusual disruptions as an excuse to raise prices for their goods and services, thereby allowing them to expand profit margins.
As bourbon booms, thirst for rare brands breeds skullduggery
The best bourbons are buttery, smooth and oaky, and a growing cult of aficionados is willing to pay an astonishing sum to score even a shot of these premium spirits. Some are even willing to bend or break laws.
Liquor store ownership group builds 60-store business of varied brands
Indiana Liquor Group has been acquiring stores in small cities and towns since 2019 and typically leaves the business names unchanged.
Computer retailer Micro Center to open first Indianapolis store
The first Micro Center store in Indiana is expected to open in July and employ 50 to 75 staff members. The Ohio-based retailer of computers, computer parts and other electronics presently operates 25 stores in 16 other states.
Indiana Senate passes legislation protecting retail dog sales
If approved, the legislation would interfere with a proposal banning dog, cat and rabbit retail sales—introduced just this month—making its way through the Indianapolis City-County Council.