Sears Holdings Corp. and Claire’s Stores Inc. are among seven chains at high risk of defaulting within a year as shoppers shift to online merchants and spend more on experiences, according to a Fitch Ratings study.
Bjorn Hanson, of New York University’s Tisch Center for Hospitality and Tourism, expressed doubt at the home-furnishing retailer’s plan to open at least five hotels, including one in Indianapolis.
The retail chain plans to open a line of West Elm hotels, with five locations beginning to open in late 2018—including one in the former Coca-Cola bottling plant.
Democrat John Gregg is trying to avenge his loss to Republican Gov. Mike Pence four years ago. But it wasn’t easy to decide to run again. His wife told him to get in the race only if it was “about serving and having a servant’s heart.” That made up his mind.
A Tesla executive said a proposal to prohibit direct-to-consumer auto sales would, if passed, prompt the company to make a U-turn with respect to expanding operations in the state.
The upscale electric car company plans to begin renovating a 26,000-square-foot building next month on the north side and should open the shop by the end of the year.
Teen clothing retailer Aeropostale Inc. won court permission Monday to sell its assets to buyers led by Indianapolis-based Simon Property Group Inc. and General Growth Properties Inc.
A consortium led by Indianapolis-based mall giant Simon Property Group Inc. and rival General Growth Properties Inc. has won an auction for the assets of Aeropostale Inc., with a plan to keep open at least 229 of the bankrupt teen retailer’s stores.
Without the rescue, it appears the teen fashion retailer’s remaining stores are heading for liquidation, an event that will put about 10,000 people out of work. Aeropostale has five Indianapolis-area stores.
Still under construction, PK Partners’ 102,000-square-foot office building near The Fashion Mall is already entirely pre-leased. Its performance further juices the area’s in-demand office sector.
An expanding universe of specialty retailers in central Indiana and across the country is satiating an appetite for old-fashioned—and new-fashioned—board games.
The Cafe Patachou at 126th and Gray Road will move this fall to a new locale in Carmel. In downtown Indianapolis, sushi joint Asian Harbor is opening while Penn & Palate says goodbye.
