Target’s online shift prepared it for pandemic
A years-long campaign by Target to compete with Amazon.com online was, as it turns out, a dry run for the health crisis.
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Pier 1 to go out of business, permanently close all 540 stores
The home-goods retailer has two stores in Indianapolis and three in the suburbs (Plainfield, Carmel and Noblesville).
Sales soar at Walmart as it becomes lifeline during pandemic
Online sales in the U.S. jumped 74% for the quarter ended April 30. Same-store sales rose 10% on strong sales of food, health and wellness goods.
Developer planning 35 condos, townhomes on near-east side, including church conversion
The Michigan-based firm intends to develop 20 condos and 15 townhomes on parcels near the nexus of the Holy Cross, Arsenal Heights and Woodruff Place neighborhoods.
Burgerhaus’ downtown canal location likely won’t reopen
The restaurant opened in 2014. The chain also has locations in Carmel, Schererville and Valparaiso.
Developers make $27M in bond requests from Carmel to spur multiple projects
The Carmel City Council on Monday voted to send developer-backed bond requests for four major real estate projects to the city’s Land Use Committee for further review.
City considers major street closures to expand outdoor dining
Marion County’s reopening plan allows restaurants to open at 50% capacity on Friday—but only if diners eat outside.
Downtown steakhouse joins list of restaurants permanently closing
The Facebook page for the upscale restaurant lists the location as “permanently closed.” It has been removed from the company’s online list of restaurants, and its local phone number no longer works.
Kroger announces new bonuses after cutting hazard pay to workers
Just days after announcing it would end hazard “hero” pay to front-line workers, Kroger says it will give them extra “thank you” bonuses.
J.C. Penney files for bankruptcy, plans to close some stores
The 118-year-old retailer was struggling long before the public health crisis forced it to temporarily shutter all of its stores.
Memory Bank: Eating popsicles in the 1950s
This photograph of children eating popsicles in front of an old store was taken by James O. Fox at an unmarked location, but likely on the near-west side in the 1950s.
Area homebuilders saw applications rise in April despite pandemic limitations
Applications for home construction permits rose 5% in the Indianapolis area in April, marking the ninth monthly increase in the past 10 months on a year-over-year basis.
U.S. retail sales plunged record 16% in April amid shutdowns
A long-standing migration of consumers toward online purchases is accelerating, with that segment posting a 8.4% monthly gain.
Last Indianapolis Bravo! restaurant closes permanently
The northwest-side location, in the Willow Lake East shopping center, was Bravo!’s last remaining Indianapolis location. Its parent company, Florida-based FoodFirst, filed for bankruptcy protection last month.
Broad Ripple sports bar calls it quits after 30 years in business
Nicole Harlan-Oprisu, who co-owns Old Pro’s Table and several local restaurants, previously told IBJ that business has been difficult during the pandemic.
Area existing-home sales sank 16.8% in April amid pandemic limitations
Amid the big decline in sales, prices hit record highs in central Indiana, according to the MIBOR Realtor Association.
Former downtown correctional facility up for sale as neighborhood takes off
Real estate sources told IBJ the land likely would sell for at least $1 million per acre because of its proximity to the heart of downtown, where sizable redevelopment opportunities are scarce.
Simon shares rally after firm lays out reopening plans, pledges to pay a dividend
CEO David Simon said the company is continuing to work closely with its tenants but declined to discuss how it is assisting those that have faced financial strains from limited or diminished operations.
Discount retailer with 8 central Indiana stores files for bankruptcy, seeks buyer
Store closures due to the coronavirus crisis undermined the department store chain’s parent company and its ability to get financing to continue operations.
Restaurants reopen for dine-in service with restrictions but cautious optimism
Restaurateurs didn’t know what to expect early Monday, but patrons likely will see staff members in masks, tables spread at least six feet apart and rigorous cleaning protocols.