The 15-year-old chain, which has stores in Carmel, Noblesville and Greenwood, plans to close all 261 of its locations after filing for Chapter 11 bankruptcy.
Lee Iacocca, the automobile industry executive who helped launch the Mustang at Ford and save Chrysler from bankruptcy, died Tuesday. Amid his successes, Iacocca presided over one of Ford’s greatest fiascoes: the Pinto, which led to a landmark product-liability case in Indiana in 1979.
The expansion has lasted so long and it followed such a disastrous recession that it would be easy to overlook how much healthier the economy has become over the past 10 years.
The company’s shares—like those of many in retail real estate—are out of favor, as investors wring their hands over retail bankruptcies and the long-term impact of e-commerce.
The 1 million-square-foot, six-building office campus adjacent to the Fashion Mall at Keystone sold this week in a deal estimated by local real estate experts to exceed $105 million and possibly much more.
As the Columbus-based diesel-engine maker dips its toes into the still-evolving world of electric vehicles, it's had to reshape its deep-rooted culture.
England-based JD Sports Fashion Plc entered the U.S. market in June with its $558 million acquisition of Indianapolis-based Finish Line and says it likes what it sees so far.
Founded in Houston, Code Ninjas plans schools in Fishers and Zionsville. Also this week: Serendipity Labs, Ulta Beauty, WoodSpring Suites, The Odyssey restaurant and Root 31 plant shop.
The space will allow the not-for-profit to provide more meals at the eight local schools it serves, plus add on-site job training for high-school students.
Tesla will increase the cost of its vehicles by an average of about 3 percent after rethinking a plan announced just 10 days earlier to wind down all but a small number of its stores.
The 44-year-old fashion retailer, which declared Chapter 11 bankruptcy last month, said it would begin liquidation sales at all 416 locations nationwide.
The Gap brand has struggled as part of a broader slump for brick and mortar retailers, even as the lower-priced Old Navy brand has resonated with discount shoppers.
Tesla plans to sell its electric cars only online as it accelerates its cost-cutting efforts. The company will close many of its 378 stores, but leave some open as galleries or "information centers" in high-traffic areas.
The Portuguese chicken chain, started in Chicago, will open a restaurant in Castleton. Also this week: Chef Tia & Co., HoiTea ToiTea, The Playful Soul, Valvoline Instant Oil Change and Ross Dress for Less.
The space just north of Central Library formerly housed Plow & Anchor and other restaurants. Also this week: The Barre Code, Orangetheory Fitness, Target and Claire’s.
When the location opened in 1999, Hard Rock was still considered a fashionable brand and a good get for a downtown in the midst of a renaissance powered in part by Circle Centre mall.
The online retailer of plus-size women’s apparel with a deep history in Indianapolis and nearly half its workers here is attempting to extricate itself from a debt load of $1.3 billion.
