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Articles

Victoria’s Secret closures claim at least three stores in Indianapolis area

August 18, 2020 | IBJ Staff

At least three Victoria’s Secret stores at some of the area’s largest shopping malls have closed permanently as part of the parent firm’s plan to eliminate 251 stores in North America this year.

Carmel design center adding Le Peep as tenant

August 17, 2020 | Mason King

The group that owns and runs Le Peep restaurants in central Indiana is planning an eighth location.

Simon partnership adding Lucky Brand to growing stable of retailers

August 14, 2020 | Mason King

News of the $140 million deal comes in the same week that Simon Property Group and Authentic Brands Group agreed to acquire legendary clothier Brooks Brothers.

Simon Headquarters

Simon Property, Authentic Brands buying Brooks Brothers for $325M

August 12, 2020 | Associated Press

The venture between Authentic Brands Group and Simon Property Group will continue running at least 125 of Brooks Brothers’ 200 stores as part of the deal.

Parent of Men’s Wearhouse, Jos. A. Bank goes bankrupt

August 3, 2020 | Bloomberg News

Tailored Brands, the owner of Men’s Wearhouse, Jos. A. Bank and K&G Fashion Superstore, has 11 total stores in the Indianapolis area.

Luxury retailer Louis Vuitton to open first Indianapolis store

July 30, 2020 | Susan Orr

Louis Vuitton is ranked as the world’s most valuable luxury brand, with a value of $47.2 billion, topping Chanel, Hermes, Gucci, Rolex and others.

eHealth planning hiring surge at north-side regional headquarters

July 28, 2020 | IBJ Staff

The company said it plans to hire 150 sales agents who will work from home during the pandemic, just like the firm’s existing local workforce of 190.

Retailer Brooks Brothers, worn by Lincoln and Kennedy, goes bankrupt

July 8, 2020 | Associated Press

The struggling retailer, which was sued last month by Simon Property Group for unpaid rent, plans to close a quarter of its stores.

Jeans retailer Lucky files for bankruptcy, with Simon-affiliated group bidding to buy company

July 5, 2020 | Associated Press

Lucky said it plans to close 13 stores and could shutter more during the bankruptcy process.

Dollar General to bring new urban-concept DGX store to Mass Ave

June 25, 2020 | Susan Orr

DGX represents a new direction for Dollar General, which has traditionally focused on small-town and rural locations. Also this week: Quaff ON!, Bru Burger, Jiffy Lube, Tire Discounters, 16 Bit Bar + Arcade.

Indoor dining resumes for Marion County restaurants, but owners see tough road ahead

June 1, 2020 | Susan Orr

On Monday, Marion County entered Phase 3 of its COVID-19 reopening plan, which among other relaxed restrictions included allowing restaurants to serve patrons indoors, up to 50% of their dining-room capacity.

THE LATEST: PPE Marketplace hits 20,000-bundle mark; BMV to begin charging penalty fees again; no movie theaters, playgrounds in Stage 3

May 22, 2020 | IBJ Staff and Associated Press

Get the latest news on the coronavirus and COVID-19 in this ongoing series of updates available outside IBJ’s paywall.

Return of retail in Indy area far from business as usual

May 4, 2020 | Susan Orr

A smattering of shoppers found a mixed bag of offerings on the first day that nonessential stores were allowed to open, with many retailers remaining closed or still providing pickup-only service.

North-side steakhouse closes permanently, citing ‘impending expiration’ of lease

May 2, 2020 | Mason King

The owner of the upscale eatery in the Keystone at the Crossing area made no mention of the coronavirus crisis in its announcement Friday, but in April it notified state officials that it had drastically cut the hours of 46 employees due to restrictions on dining.

Handcrafted gift shop Artisans set to open on Mass Ave

March 12, 2020 | Susan Orr

The shop, which will sell handmade items from artisans in the United States and abroad, is taking the space formerly occupied by the gift shop Pumkinfish. Also this week: MAC Cosmetics, Burlington Stores, Aldi.

Financial pain deepens as nearly 60 countries report coronavirus

February 28, 2020 | Associated Press

If the disease known as COVID-19 becomes a global pandemic, economists expect the impact could be much worse, with the U.S. and other global economies falling into recession.

Greeting card chain with local store going out of business

January 21, 2020 | IBJ Staff

Retail chain Papyrus is closing all 254 stores in the United States and Canada, the parent company’s chief executive said Tuesday.

Bru Burger Bar picks Keystone Crossing site for 11th location

January 16, 2020 | Mickey Shuey

Plans call for the gourmet burger restaurant to occupy 4,855 square feet on the ground floor of a new office building, with indoor seating for up to 135 people and additional patio seating.

Somerset CPAs president Early preparing to step aside

January 2, 2020 | Susan Orr

After 30 years, Patrick Early, 62, plans to hand off the role to longtime firm employee Benjamin Kimmerling.

Louis Vuitton maker to buy Tiffany & Co. for $16.2 billion

November 25, 2019 | Associated Press

The offer comes as luxury goods companies have been wrestling with changing habits of shoppers who are increasingly buying online.

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