U.S. consumers increased their spending by a sluggish 0.5% last month, the weakest rise since April, when the pandemic first erupted.
Meat-smoking firm Smoking Goose plans $625,000 investment to fund national expansion
The nine-year-old Indianapolis company, which already employs more than 50 workers, said it plans to add up to 25 more by the end of 2024.Read More
Simon, partners plan to shake up merchandise mix at J.C. Penney
Simon Property Group, which is expected to acquire J.C. Penney out of bankruptcy with partners in an agreement approved Monday, reported third-quarter results that fell short of Wall Street expectations.Read More
Former art teacher makes mark on Etsy with crayon-making
Nicole Lewis’ online shop, Art2theextreme, has first-to-market position on the platform with its trademark “The Original Rainbow Crayon.”Read More
Kroger to close Broad Ripple fixture after 66 years
Kroger said the store, which has nearly 40 employees, hasn’t operated profitably for several years and that a turnaround wasn’t realistic.Read More
Thieves is the brainchild of a Fishers couple who decided to open a bar after losing their jobs during the pandemic. Also this week: Snakeroot Botanicals, Rise n Roll Bakery, The Jazz Kitchen, The Smoke Pit and more.
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.
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.
Small side tables are especially fun if they make a bit of a statement on their own. And so is the case with this solid iron end table made by Classic Home and sold for $239.
Owner Catello Avagnale, who moved to the area from his native Italy in 2014, will operate both a restaurant and a market in an 8,400-square-foot space in the Clearwater Springs shopping center on East 82nd Street.
Pennsylvania Real Estate Investment Trust and CBL & Associates Properties Inc. sought protection from creditors Sunday, citing pandemic-induced pressures. The two REITs account for about 87 million square feet of real estate across the U.S.
The retail giant said it originally instructed store managers to move firearms and ammunition from in-store displays to a secure location in the back “in an abundance of caution” due to the potential for “civil unrest.”
The Indianapolis-based real estate investment trust reported $65.1 million in revenue for its third quarter—an uptick of about $2 million from the previous quarter, but a drastic drop from the $75 million earned during the same period in 2019.
Detail Garage, a California-based retail chain, will open a franchised store in Plainfield on Friday. It’s the first in Indiana for the fast-growing retail arm of Chemical Guys, which makes a line of car detailing products.
Dayna Isom Johnson, the trend expert at Etsy.com, sees a turn toward “cheerful citrus” this holiday season. “It’s an escape from traditional themes for the holidays,” she said. “It’s really allowing you to add a pop of sunshine.”
The 86th Street store, which is set to open next month, will be the first in Indiana for the Maryland-based chain. Also this week: Nada and Downtown Arts Market.
As much as people have reveled in their at-home informality, they also speak of a desire for normalcy, a condition marked by a return to the office – with all its bells and whistles. They want to wear the clothes that have gathered dust in their closet. They want to wear all those clothes that still have price tags on them because the restaurants closed, the theaters went dark and the parties were all canceled before they could be debuted. They want leggings, but a dressier version.
Spices, yarn, fitness equipment and the Nintendo Switch are among the products that remain hard to find during the pandemic.
Up to now, the business has primarily served architects and designers in bigger markets. Also this week: Lou Malnati’s, Dave & Busters, Godiva Chocolatier, Nesso, Jiffy Lube.
Online, sales of desks and accessories, such as desk chairs and lamps, were up 283% in August from the year before, according to Rakuten Intelligence, which tracks shopper behavior.
Cracker Barrel Old Country Store Inc. is converting one of its Indianapolis restaurants into a food-preparation-only location as a way for the company to experiment with the emerging “ghost kitchen” trend.