Victoria’s Secret to close 23% of its North American stores
Victoria’s Secret said it would close 251 stores in North America by the end of this year after parent L Brands Inc. suffered a fiscal first-quarter loss of $296.9 million.
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State reports rise in COVID-19 cases as testing hits another high mark
The state on Thursday said 202,995 people have been tested for the virus so far, up from 195,738 in Wednesday’s report—an increase of 7,257. That’s the first time daily testing has exceeded 7,000.
Massive $55M logistics project in works in Johnson County
The Whiteland Town Council has scheduled a special meeting to consider a tax abatement related to the proposed development of 997,000-square-foot logistics building on 121 acres near Interstate 65.
INDY BEACONS: Recognizing Indy’s pandemic heroes—nurses
A shortage of nurses hit the city hard during the flu pandemic of 1918-1920.
Indy restaurants try to prepare for outdoor-only dining
They are working through a multitude of logistical details as they prepare to reopen for dine-in service for the first time in more than two months. They’ll be limited to outdoor seating until July 4.
Another 2.4M file unemployment claims, including 30,311 in Indiana
Roughly 38.6 million people have now filed for jobless aid nationally since the coronavirus forced millions of businesses to close their doors and shrink their workforces, the Labor Department said Thursday.
New High Alpha company aims to launch 100 startups in next five years
Indianapolis-based venture studio High Alpha on Thursday announced the launch of High Alpha Innovation, a business founded to help companies create and grow startup firms. The new firm has already snagged several big-name customers.
Pan Am hotel, convention deal could be finalized by late June
Project negotiations on the massive two-hotel and convention center expansion project were temporarily sidelined in March to allow the city time to deal with the coronavirus pandemic.
City identifies first ‘inclusive’ incentives economic development deal
The change to the way tax incentives are awarded is part of the city’s quest to achieve “inclusive economic growth” by growing opportunities for the city’s middle class and poor, and came as the result of years of research.
Apple, Google release technology for pandemic apps
Apple and Google on Wednesday rolled out long-awaited smartphone technology to automatically notify people if they might have been exposed to the coronavirus.
NCAA to lift moratorium on football, basketball workouts
The decision clears the way for individual workouts by athletes, mostly on their own, subject to safety and health protocols decided by their schools or local health officials.
Mass Ave business owners criticize city’s plan to close streets for outdoor dining
A group of 23 local restaurant, retail and not-for-profit leaders has gone on record to oppose the city’s plan to close Massachusetts Avenue to traffic through July 4 to allow for more outdoor dining.
Memory Bank: Baby carriages, chairs and more at People’s Outfitting
People’s Outfitting Co. was a department store founded in 1893 in Detroit that opened in Indianapolis around 1899 at 133-135 W. Washington St., where it sold furniture, carpet, cameras, jewelry and household items.
Strong earnings boost stock market, lifting Dow 369 points
Stocks rose Wednesday as investors focused on signs that the reopening of the global economy is gathering momentum.
UPDATE: Holcomb to activate Stage 3 of reopening plan two days early
Indiana Gov. Eric Holcomb on Wednesday said he would activate Stage 3 of his pandemic reopening plan on Friday—two days earlier than previously scheduled.
2020 Innovation Issue: Breaking down design thinking
Examine the goal of each step in the design thinking process, plus one way to execute that step.
Indy Parks board OKs lease for Broad Ripple Park development
The Indianapolis Parks Department has preliminarily agreed to pay nearly $1 million per year to lease space in a new family center planned for Broad Ripple Park.
State reports another 569 COVID-19 cases, 38 more deaths
The Indiana State Department of Health on Wednesday said 195,738 people have been tested so far, up from 189,330 in Tuesday’s report.
Engine maker Rolls-Royce cutting 9,000 jobs as aviation reels
It doesn’t appear as if those cutbacks will have a significant impact on Indianapolis, where Rolls-Royce employs about 4,000 people.
Indy developer planning 314 houses near Geist
Platinum Properties’ proposed Grantham, a neighborhood for single families and empty nesters, would be built on 158 acres south of Hamilton Southeastern middle school in Fishers.