4 Indy-area Fazoli’s restaurants shut down in wake of parent’s bankruptcy
The closures affected three locations of the Italian fast-food chain in Indianapolis and one in Carmel.
Retail
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Digs Garden Center to reopen, Bloom bar planned in North Mass District
The owners of Digs Garden Center sold the property to a group that has invited the trees-and-flowers firm to return as tenants. It’s also reviving their plans for a neighborhood bar.
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Broad Ripple sports bar calls it quits after 36 years in business
Old Pro’s Table debuted 36 years ago, closed briefly in 2020 and reopened under new ownership later that year.
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ABA nostalgia is back in fashion for Indianapolis-based Lana Sports
Lana Sports partnered with Homefield Apparel to offer a collection of 55 different shirt designs commemorating bygone ABA teams.
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Restaurant takes over Fountain Square spot known for Pioneer, Deano’s Vino
The owner of Bovaconti coffee shops is partnering with the former director of operations for bygone Carmel restaurant Tre to open a new Italian restaurant.
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Articles
Retail sales fell modestly in January as American consumers pulled back on spending
Economists also believe that severe winter weather throughout most of the country also hurt sales as shoppers were unable to go to physical stores. In fact, online retailers enjoyed a 1.9% sales increase in January.
Indiana legislators failed to regulate THC. Businesses say there’s a middle ground.
Many business leaders say they are OK with regulation, particularly to keep drinks out of the hands of those younger than 21. But they don’t want to see THC products banned altogether.
Target has another quarter of declining sales but sees signs of improvement
Targets is facing stiffer competition, and customers say the shopping experience at stores has suffered with staff fulfilling digital orders rather than tending to store aisles.
Chef Jonathan Brooks celebrates matriarchs as Milktooth shifts to Arlene’s
The new restaurant, which will offer a lunch format known as meat-and-three, was named for Brooks’ mother, Arlene.
Wholesale prices hotter than expected in January
Driving the increase was an uptick in the wholesale price of services, led by higher profit margins for retailers and wholesalers.
Walmart to pay $100M to settle FTC allegations over deceptive practices for delivery drivers
As part of its settlement with the FTC, Walmart is required to implement an earnings verification program to ensure that drivers are paid the promised earnings and tips, among other orders.
Developer seeks to build 300 apartments, 25 townhomes in Westfield
The $80 million project would be developed on a 16.5-acre site along the Midland Trace Trail and include 27,000 square feet of commercial space.
Hotel Tango sells its tasting room, event center businesses
The majority owners of Mooresville-based Black Dog Brewing Co. purchased Hotel Tango’s locations in Fletcher Place.
IBJ Podcast: How Mom Water got hot, and the answer to, ‘Am I the best person to be CEO?’
Jill and Bryce Morrison spill on their mom-and-pop leap of faith, the wisdom in handing over the CEO reins, and the creation of their new product based on unsweetened tea.
Shein faces EU investigation over illegal products, addictive design features
The 27-nation bloc’s executive arm said Tuesday that it opened a formal investigation into the online retailer, which has major distribution operations in central Indiana.
Franklin country club plans its own restaurant after Big Woods exits
The future restaurant owned and operated by Hillview Country Club will be open for dining to both club members and the general public.
Simon Property Group’s investments pay off
The real estate investment trust bettered Wall Street expectations in 2025, thanks to increases in the rent it charges retailers and the increasing numbers of shoppers and higher sales figures across its 254 properties.
Falling cocoa prices won’t necessarily mean cheaper Valentine’s Day chocolates
Chocolate prices at U.S. retail stores rose 14% between Jan. 1 and the first week of February compared to the same period last year, and that’s on top of a 7.8% increase for the same period in 2025.
Target CEO reshapes his leadership team in first big move since taking over
Target has struggled to find its footing as many Americans have cut back on spending.
Retail sales unchanged in December from November, closing out year on a lackluster tone
The report, issued by the Commerce Department on Tuesday, surprised economists who were looking for growth despite concerns about slowing job growth and other economic headwinds.
Retail operator of outdoor sportswear pioneer Eddie Bauer files for bankruptcy
The company — which has five stores in Indiana — noted that it will conduct a court-supervised sales process, and if a sale can’t be executed, it will begin a wind-down of its U.S. and Canadian operations.
Popular tea and coffee destinations invigorate Kennedy-King neighborhood
New businesses The Alchemist, Recess and Flora & Flame have generated a buzz.
Pizza Hut closing 250 stores as parent considers selling brand
Louisville-based Yum Brands said in November it was conducting a formal review of options for Pizza Hut, which has struggled with outdated stores and growing competition.
Whiskey company to open tasting room along East 46th Street
Circle City Whiskey Co. plans to open a tasting room in March near the intersection of East 46th Street and the Nickel Plate Trail.