Weak retail sales in October stir up unease about holidays
A surge in coronavirus infections nationwide and the expiration of a $600 weekly boost to unemployment checks over the summer have slowed spending by Americans.
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Amazon opens online pharmacy, shaking up another industry
The potential impact of Amazon’s arrival in the pharmaceutical space rippled through that sector immediately. The stocks of CVS Health Corp., Walgreens and Rite Aid all tumbled Tuesday.
Apartments planned for low-income residents on 38th Street would raze blighted structures
The $10M project, known as Broadway Park Apartments, would include two buildings with a mix of one- and two-bedroom units, plus a community-minded ground-floor tenant such as a workforce readiness program or health clinic.
High Alpha launches software firm for real estate teams
High Alpha on Tuesday announced the formal launch of its eighth company this year and its 20th since its founding in 2015.
Carmel considers establishing four new waterway districts to obtain new liquor licenses
The Carmel City Council introduced a proposal on Monday to establish four new waterway districts that would allow the city to pursue additional alcoholic beverage permits.
Home Depot buying HD Supply in deal valued at $8 billion
HD Supply is a distributor of maintenance, repair and operations products. It has two business units in Indianapolis.
Here comes Santa Claus—with face masks and plexiglass
More than 10 million U.S. households visited Santa in a mall or store last year, according to GlobalData Retail. Nearly 73% of them also spent money at nearby restaurants or stores, he says.
Simon strikes new deal to buy Taubman, with price chopped by 20%
Simon, the nation’s largest mall owner, had said in February that it would pay $3.6 billion for 80% of Michigan-based Taubman Centers Inc. But it announced in June it wanted out of the deal, a stance that landed the companies in court.
ON THE MARKET: Outside living space that balances formal, informal
The house—which is on the market for $749,900, listed by Matt McLaughlin at F.C. Tucker Company-Meridian North—features incredible formal gardens and paths with a large koi pond and waterfall.
Westfield council considering $11.5M in bonds for Wheeler Landing infrastructure, apartments
J.C. Hart Co.’s proposed $32 million luxury apartment complex is expected to generate property taxes that would help pay off the bonds.
Online shopping surge could lead to holiday delivery delays
U.S. online holiday sales are expected to shatter previous records. Adobe Analytics, which measures sales at 80 of the top 100 U.S. online retailers, predicts a total of $189 billion in online holiday sales, a 33% increase compared to last year.
Lebanon’s first production brewery taking shape in 124-year-old building
Also, in the latest North of 96th roundup, a barber shop and wellness lounge is planning its grand opening. Meanwhile, a Carmel theater has reopened and a Zionsville tea room is closing.
Drury drops plans to recast former Caribbean Cove property, will sell land
The now-vacant land quietly went up for sale in July. It’s now under contract along with Drury Hotels’ Pear Tree Inn at 9320 N. Michigan Road
Ulta to open beauty shops at 100 Target stores in 2021
The shops, which will each be about 1,000 square feet and carry makeup, skincare, and fragrances, will operate beside existing beauty sections in Target stores, the companies said Tuesday.
Fall Creek Place eatery Shoefly cites pandemic for closure
Shoefly Public House suspended operations on Saturday after a staff member tested positive for COVID-19. The initial plan was to reopen, but the owners soon decided to make the closure permanent.
Steak n Shake closes 13 more restaurants amid slowing customer traffic
Steak n Shake revenue plummeted to $78.8 million in the third quarter, down from $141.3 million a year ago.
Savvy strategy, some luck propel online boutique to big success
Magnolia Boutique—known for its bohemian style built around casual, trendy clothing, shoes and accessories—is an online-only business on track to hit $10.5 million in sales this year, up from $7.9 million in 2019.
Retailer Lowe’s to open delivery terminal in Greenwood
The 92,000-square-foot facility, which will handle last-mile delivery for bulky items like grills and patio furniture, is part of the retailer’s $1.7 billion investment in its distribution network.
Pet supplies chain with 10 local stores going out of business
The retailer has 358 stores, including four in Indianapolis, two in Carmel and one each in Brownsburg, Greenwood, Shelbyville and Zionsville.
On the Market: A craftsman-style home in Zionsville
Wood is the star in this $945,000, four-bedroom home on a 2-1/2 acre lot in Zionsville. The wooden beams, the paneling, the kitchen cabinets, the floors and the bar in the basement.