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.
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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.
Comic shop refocuses to cash in on events, tourists
“My business model completely changed,” said Downtown Comics owner Doug Stephenson of the Market Street store. “If you look at my sales chart, everything moved from Wednesday, which is traditionally the biggest day for comic stores … to the weekends.”
Discount retailer Tuesday Morning files for bankruptcy again
The retailer emerged from its last bankruptcy in January 2021 after closing about 200 stores, cutting its employee head count and slashing debt.
IBJ Podcast: He stitched handbags in his Irvington basement, and now it’s a $1M business
In conversation with podcast host Mason King, Howl & Hide’s Christian Resiak details the process of building the business from scratch and his grand plan to become a global brand.
Bed Bath & Beyond to close 5 more Indiana stores, including one in Noblesville
Struggling retailer Bed Bath & Beyond Inc. disclosed this week that it will close 150 more stores in the United States.
Bed Bath & Beyond plans share sale in bid to avoid bankruptcy
The retailer, which has been preparing for a Chapter 11 filing after lenders declared it in default last month, priced new convertible preferred securities and warrants, it said in a statement Tuesday, in a deal that will ultimately raise more than $1 billion.
Furniture retailer closing Indianapolis-area stores
The move into the Indy area in 2014 was supposed to the first step in a multi-market expansion for Weekends Only Furniture & Mattress. The whole chain is now slated for liquidation.
Is tide turning against tipping as requests become automatic?
As more businesses adopt digital payment methods, customers are automatically being prompted to leave a gratuity—many times as high as 30%—at places they normally wouldn’t.
Small retailers could seek fighting chance under Roosevelt-era antitrust law
For years, Robinson-Patman was a mainstay of FTC enforcement. But the law fell out of favor as antitrust experts focused on consumer prices, arguing that retailer discounts would likely be passed on to consumers.
Bed Bath & Beyond warns about bankruptcy as sales plummet
“There is substantial doubt about the company’s ability to continue as a going concern,” the retailer said in a statement.
Crunch Fitness plans Michigan Road location, the chain’s first in Indiana
Crunch Fitness plans to occupy part of former J.C. Penney location near the intersection of 86th Street and Michigan Road.
Ice cream shop models how to employ people with disabilities
Howdy Homemade Ice Cream’s goal is to provide more jobs to people with an intellectual or developmental disability. But it also wants to help other employers see people with disabilities as a dependable workforce.
Mohr Automotive buys north-side Chrysler dealership
Finalized this week for an undisclosed price, the purchase makes Champion Chrysler Dodge Jeep Ram at 4505 W. 96th St. the Mohr company’s 12th dealership.
Retail sales drop at start of key holiday shopping season
Americans cut back on retail spending last month as the holiday shopping season began, with high prices and rising interest rates forcing families to make harder decisions about what they buy.
Simon turns to Chicago partner to bring online stores to malls
The Indianapolis-based shopping mall giant is getting a leg up on the emerging trend of online-only retailers moving into brick-and-mortar stores, a strategy analysts say could net the company a big payoff as it looks to develop new tenants.
Streetwear company is now ‘In the Mix’ on Mass Ave
Nap or Nothing streetwear retailer plans to open this week in a 3,000-square-foot spot previously occupied by Escape the Room.
Party City restarts talks with creditors as cash pile dwindles
Party City’s debt load is unsustainable, according to S&P Global Ratings, which downgraded the company deeper into junk territory last month.
Goodman’s, other stores to leave Nora Plaza as Kite plans changes
The changes come after Indianapolis-based Kite acquired most of the 163,500-square-foot shopping center for $29 million in January.