Millions more are in danger of being furloughed or fired as chains reel from nationwide closures that started about two weeks ago and have totaled nearly 50,000 locations.
Mall giant Simon chops corporate staff as COVID-19 wreaks havoc
The company is cutting more than 100 employees and furloughing others as it weathers the temporary shutdown of much of the retail industry.Read More
Musk restaurant group closes Indy locations, won’t reopen one after virus scare
Upscale restaurant Hedge Row and the more casual Next Door both opened in Indianapolis in 2018. Both are part of The Kitchen Restaurant Group founded by Kimbal Musk.Read More
Social distancing shifts many small businesses into survival mode
Concerns about the spread of COVID-19 have put in peril thousands of businesses, from restaurants and hotels to airlines and manufacturers of consumer goods.Read More
The restaurant, part of Holladay Properties’ LaGrotte Square development, opened on the same day that a coronavirus-related prohibition on in-house restaurant dining took effect. The owners say they’ve seen good support from neighbors who have come for take-out orders in the restaurant’s first week.
While retailers such as Macy’s Inc., Kohl’s Corp. and J.C. Penney have been forced to temporarily close their stores, others like Walmart and Costco Wholesale Corp. are experiencing a surge in sales normally seen around the holiday peak.
Across a country where lines are long, some shelves are empty and patience is thin, authorities are receiving a surge of reports about merchants trying to cash in on the coronavirus crisis with outrageous prices, phony cures and other scams.
Some are switching their menus to carryout-friendly fare and redeploying servers as delivery drivers.
Grocers big and small are hiring more workers, paying overtime and limiting purchases on certain high demand items as they scramble to restock shelves that have been wiped out in response to the global viral pandemic.
The report suggests consumers had already begun to scale back on spending before the number of coronavirus cases in the U.S. began accelerating.
Raises will go to workers at Amazon’s warehouses, delivery centers and Whole Foods grocery stores, all of whom make at least $15 an hour.
The order will be in effect for at least seven days. Hogsett plans to seek permission from the Indianapolis City-County Council on Monday night to extend the order to April 5.
The shop, which will sell handmade items from artisans in the United States and abroad, is taking the space formerly occupied by the gift shop Pumkinfish. Also this week: MAC Cosmetics, Burlington Stores, Aldi.
It will add to a mix of new businesses in the town center. Also this week: Dave & Buster’s, VetIQ, Jiffy Lube, Ross Dress for Less, Sears Outlet and more.
Greg and Lisa Frazee, who opened Frazee Gardens in 2008, will continue to own and operate Brownsburg Landscape Co., which they founded in 1987.
Longtime local candy company The Best Chocolate in Town has been acquired by Indianapolis-based Newfangled Confections, which is known for it popular signature Frittle candy.
Authentic Brands Group, Simon Property Group Inc. and Brookfield Property Partners LP have finalized their $81 million acquisition of the struggling retailer, they announced Wednesday.
With its debut just months away, the 12-acre, $300 million Bottleworks District on the north end of Massachusetts Avenue has a majority of its Phase I office and entertainment space and nearly all of its food hall leased.
Total Wine & More, the nation’s largest retailer of beer, wine and spirits, has applied to the Indiana Alcohol & Tobacco Commission to open a store in part of a former Marsh Supermarkets in Nora.
David Simon said Simon Property Group’s ability to buy a company for $3.6 billion in cash without having to turn to a third party for financing and without suffering credit rating downgrades is a testament to the underappreciated strengths of the business.
The building’s tenants will include Black Circle Brewing Co., Gold Leaf Savory & Sweet restaurant and Early Kind, a cosmetics and lifestyle retailer.