The media is fascinated by what he’s up to, as the nation’s largest shopping mall owner teams with partners to buy ailing retail chains while negotiating with Amazon to fill vacant anchor spaces with distribution centers.
Broad Ripple tequila-and-tacos joint expanding to Fishers
The three principals behind Sangrita Saloon are adapting the high-end Mexican concept for the 4,000-square-foot Sangrita Grill & Cantina in the Yard at Fishers District culinary hub.Read More
Owner closes Butler-Tarkington hardware store after 43 years in business
The Ace Hardware owner cited a variety of reasons for the closure, including the difficulty of competing against larger retailers and increased business costs.Read More
Reopening date for downtown T.J. Maxx store still uncertain
The store on the ground floor of the historic William H. Block Building closed in the spring because of the pandemic. It sustained damage during the riots and looting that took place downtown in late May.Read More
Meanwhile, plans are in the works for a $12 million International Marketplace welcome center and museum that would replace a former Value City Furniture store.
The Human Bean, which opened its first shop in 1998, is coming to Westfield. The local franchisee said he’s scouting Hamilton County for more sites. Also this week: Noble Roman’s, Big Woods and more.
The San Francisco-based company plans to offer local retailers an online platform where they can reach customers and sell their products.
According to a survey by McKinsey & Co, 46% of shoppers polled in the United States tried new brands or made new purchases with a new retailer.
Walmart could make TikTok into an extension of its sales machine, helping advertisers, creators and others sell products.
The company says sales are up after an earlier drop-off, and it hasn’t yet seen a spike in delinquencies or defaults among credit-challenged borrowers, who represent its core customers.
Its owners are planning to begin construction on a new, bigger building this fall, following the January fire that gutted its original home. Also this week: The W Nail Bar, Crazy Tortas.
News of the $140 million deal comes in the same week that Simon Property Group and Authentic Brands Group agreed to acquire legendary clothier Brooks Brothers.
Sales at retail stores and restaurants have now risen for three straight months, after plunges in March and April. Still, much of the spending was fueled by government aid that has since expired.
One year ago today, Popeye’s fired the first salvo in the Great Chicken Sandwich Wars. And there’s no indication that America’s collective obsession with a crunchy bit of bird on a bun is going anywhere.
The Indianapolis-based shopping mall operator said all of its U.S. properties have reopened, with the exception of a handful in California that were forced to close for a second time on July 15 because of government mandates.
Plus, hear from Mayor Joe Hogsett, who spoke to IBJ’s editorial board last month about some of the very problems Bires is concerned about for downtown.
The Exit 76 Antique Mall in Edinburgh has more than 4 million items for sale by the merchants who rent booths, but sprinkled throughout the mall’s 72,000 square feet are also dozens of objects that trade in Jim Crow-era caricatures and stereotypes.
The Plainfield business is bucking the trend of local dealerships getting scooped up by large national conglomerates.
Under the terms of the agreement, the Simon-back venture intends to purchase substantially all of the iconic retailer’s global business operations as a going concern. It has committed to acquiring at least 125 Brooks Brothers retail locations.
The company says it intends to close all of its Catherines stores, a “significant number” of Justice stores and a select number of Ann Taylor, Loft, Lane Bryant and Lou & Grey stores.