Failure risks escalate for small businesses as pandemic drags on
Business advisers and advocacy groups say many small businesses that have managed to survive the pandemic so far are heading into a brutal fall.Read More
Westside Bait & Tackle, a family-owned fishing shop that opened in 1951, plans to close its doors for good on Dec. 31.
The Indianapolis area is down to two Claddagh locations after the closure. The restaurant’s parent company says it plans to put the property up for sale in the next two weeks.
A company that operated more than 240 seasonal stores is scheduled to auction off about $4.5 million in fireworks as well as vehicles and equipment later this month.
Indianapolis-based Simon Property Group and other mall landlords actually might be looking forward to redeveloping Sears’ massive stores with more promising tenants as the once-mighty retailer enters bankruptcy.
Andy Frain Services Inc. plans to close its security operations center at the FedEx facility in Indianapolis at the end of September.
The country’s largest book distributor plans to close its distribution center on the northwest side of Indianapolis, resulting in 147 job losses.
The owners of a 16-year-old pizza and sandwich eatery in Carmel say the massive U.S. 31 reconstruction project “gutted” their business, leaving them with no choice but to close.
GT South’s Rib House was founded by Georgia native Gerald Travis South in June 1992 and remained in the South family after his death in 2005.
Packaged food company TreeHouse Foods plans to lay off about 375 workers overall and close factories in Indiana and Minnesota in an effort to cuts costs.
Company officials say the closure will be permanent and cost 84 employees their jobs. The decision comes a year after the owner of the club filed a request to rezone the property to allow for possible redevelopment.
Children's clothing retailer Gymboree Corp. is closing 350 stores—including multiple shops in Indiana—as its works to restructure in bankruptcy. The Indianapolis area did not avoid the closure list.
Sears Holdings Corp. announced plans Friday to close 43 more stores, including three Sears department stores and one Kmart store in Indiana.
Peerless Potato Chips Inc., a renowned brand in northwest Indiana, has gone out of business.
Gymboree, which is struggling under an enormous load of debt, said it would have to close up to a third of its 1,300 stores nationwide.
The latest announced closings, seven of which are in the Indianapolis area, bring the total number of Marsh grocery stores that are set to shut their doors this month to 19.