Simon joint venture to buy 300-store Eddie Bauer
The outdoor gear and apparel retailer is slated to join a growing stable of high-profile retail brands owned by Indianapolis-based Simon Property Group and its partner.
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Lilly to start bringing back downtown employees June 1, requiring vaccinations at first
The company plans to open its campus to all employees by July 12. The move comes as more companies continue to slowly reopen offices and navigate tricky territory with vaccinations.
Steak n Shake preps for self-service transformation
The Indianapolis-based chain, which previously announced plans to convert from table service service, now says it will cut costs further through “advanced self-service”
Ascension St. Vincent unveils three major projects on 86th Street campus worth $325M
The heavy investment in the campus—including a new women’s hospital and a brain and spine center—is the latest indication that Ascension St. Vincent is committed to the location, a major anchor along the busy West 86th Street corridor.
Indianapolis-area employers reluctant to require employee vaccinations
Companies are offering plenty of incentives to encourage their workers to get COVID vaccinations, but few, if any, are requiring the shots as a condition for coming back to work—or, in the case of new hires, for getting a job offer.
Labor-starved restaurants, bars add bonuses, increased wages to the menu
Local restaurant owners battling a nationwide labor shortage are using alternative recruiting techniques and financial incentives to try to staff a returning dinner rush.
500 Festival remains in black despite cancellations
Like most everyone, the organization last year made budget cuts to cope with the pandemic. But its expenses also dropped dramatically because it canceled the 500 Festival Parade and shifted to a virtual platform for other events.
Clusters of immigrants common at some workplaces
A 2014 study found that, on average, 37% of immigrants working in urban America had co-workers who were also immigrants.
Elanco shares jump after company exceeds quarterly expectations
It was the best quarter yet for Elanco since its spinoff from former parent Eli Lilly and Co. in 2018.
Lawmakers to return to Statehouse with chance to override two vetoes
Lawmakers are set to return to the Indiana Statehouse on Monday to make technical corrections—a session in which they could also vote to overturn two vetoes by Gov. Eric Holcomb, including one affecting orders issued by local health departments during a public health emergency.
Hamilton Town Center multiplex to reopen as luxury theater
Michigan-based Emagine said it expects to reopen the Noblesville theater this summer. The theater’s previous operator filed for bankruptcy last year.
More than 2 million Hoosiers now fully vaccinated
Despite the rising vaccination numbers, COVID-19 cases in Indiana rose again and hospitalizations hit to their highest mark since mid-February
KAR’s stock spikes following acquisition of software firm
Auction Frontier sells a cloud-based software called Velocicast that is the backbone of KAR’s live, online auto auctions.
Cummins raises full-year outlook after better-than-expected quarterly results
Indiana-based engine manufacturer Cummins Inc. on Tuesday reported first-quarter revenue and profit that exceeded analyst expectations.
Veteran franchisees bringing Dave’s Hot Chicken chain to Indy
A Fort Wayne-based franchise group that operates 45 Pizza Hut locations, including some in Hamilton and Boone counties, has signed a deal to open 15 Dave’s Hot Chicken locations in Indiana. Most are expected to be in the Indy-area market.
After year off, Indiana State Fair will return this summer
The Indiana State Fair Commission announced Tuesday that the fair will be July 30 to Aug. 22 but may look a little different to meet health requirements.
Carmel City Council OKs $25 million bond with minor modifications
The Carmel City Council approved the issuance of $25 million in tax increment financing bonds Monday after holding eleven public meetings to discuss and evaluate the city administration’s request.
IBJ Podcast: Patio and yard goods are still hot—and some are in short supply
Host Mason King talks with two retailers—Scott Horvath, owner of O’Malia’s Living, and Pat Sullivan, who owns owner of three Sullivan’s Hardware & Garden stores plus Allisonville Home & Garden by Sullivan—about what customers want and why the supply chain is struggling to keep up.
IPS moves forward with $5 million in busing cuts
With little opposition, the Indianapolis Public Schools board on a 6-1 vote approved cutting school bus service for about 600 high schoolers.
With pups and personal service, Trust Hardware invests in brick and mortar
The company’s three stores are open 24/7. Each has a resident dog. You can also pick up everything from power tools to local honey to live bait. What you can’t do, at least for now, is order online.