Sears to survive after chairman prevails in bankruptcy auction
With a bid of more than $5 billion, Eddie Lampert has won a bankruptcy auction for Sears with a plan that will keep the retailer in business and seek to save tens of thousands of jobs.
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Gymboree expected to declare bankruptcy, close at least 6 Indy-area stores
This would be the second bankruptcy for the children’s clothing retailer in less than two years, but the chances for survival look very slim.
South Carolina firm buys northwest-side office park for $6.5M
The acquisition of Commerce Park’s amalgamation of office buildings marks the second significant purchase in the Indianapolis area for Ziff Properties.
Indy Eleven downplays Broad Ripple High School as potential stadium site
The Indy Eleven has expressed interest in the former Broad Ripple High School site as a potential location for its proposed stadium development, but the team tapped the brakes on that possibility Friday, noting it is continuing to evaluate multiple options.
U.S. restaurant prices experience largest jump since 2011
Full-service restaurants, facing higher labor and food costs, raised prices by the largest amount in more than seven years in December, a Labor Department report released Friday shows.
Weak holiday sales at department stores catch many off guard
Shares in Macy’s and Kohl’s plunged Thursday after they reported weaker-than-expected holiday results. Target, however, had a jolly Christmas season.
Needler’s Fresh Market to close Indianapolis store
Fresh Encounter Inc. purchased 15 former Marsh Supermarkets locations in 2017 and renamed all but one of them Needler’s Fresh Market. Now, the Geist location is closing for good.
Indy Eleven proposes $550 million development that includes stadium
The professional soccer team is pushing for a 20,000-seat stadium as part of a real estate district featuring lodging, office and retail space, an underground parking structure and apartments.
Sun King seeks fast, but smart, growth
It’s daunting to keep tabs on what Sun King Brewing Co. is doing these days.
Goody’s stores to be replaced by Gordmans in six central Indiana cities
Stage Stores Inc., a Houston-based retailer that operates nearly 800 stores nationwide, plans to close six Goody’s stores in central Indiana next month and replace them with Gordmans stores in March.
Memory Bank: Celebrating the end of Prohibition
This 1934 photo is thought to be from the celebration at the formal reopening of the Terre Haute Brewing Co.
Sears gets another reprieve from liquidation
Sears received another possible lifeline Tuesday when the company's chairman and largest shareholder promised to line up the necessary financing to keep the struggling department store chain afloat.
Westfield Washington Township cancels plans for $15M park bond
The Westfield Washington Township board on Tuesday canceled plans to borrow up to $15 million to purchase land for park space after some residents launched an effort in opposition to the bond.
Kroger, Microsoft team up to create futuristic grocery store
Kroger, America’s biggest supermarket chain, has remodeled two stores to test out the new features, which include “digital shelves” that can show ads and change prices on the fly along with a network of sensors that keep track of products and help speed shoppers through the aisles.
After delays, $45M downtown mixed-use project to finally break ground
The local developers of The Ardmore see the apartment-and-retail development as a bookend to the massive Bottleworks project on the other end of Mass Ave.
Macy’s store in Indianapolis set for closure
Macy’s plans to close its store at Glendale Town Center, leaving the 60-year-old Indianapolis shopping center without its largest and oldest anchor.
Crispy Bird fried-chicken joint by Patachou closing after departure of founding team
Instead of trying to continue operating the Meridian-Kessler eatery, Patachou leaders say the space is needed to temporarily house the operations of the company’s fast-growing, not-for-profit foundation.
Buckingham calls off plans for controversial Broad Ripple project
The proposed five-story complex, planned for the heart of Broad Ripple, drew concern from residents over potential parking issues, the height of the proposed buildings and the future of the alley running north-south through the property.
Ad agency to open cafe, lounge in lobby of Fountain Square office
The lobby of the MilesHerndon ad agency in the historic Woessner Building will open next month as Gavel, a cafe and lounge that will offer coffee, beer, wine, cocktails and a limited food menu.
How Fishers created a downtown almost overnight
The Nickel Plate District has exploded with development—and the biggest project yet is on the horizon.