McDonald’s burger empire set for unprecedented growth with 10,000 new stores
Ahead of a day-long event for investors, the Chicago burger giant said Wednesday that it aims to have 50,000 restaurants in operation worldwide by the end of 2027.
Retail
Scarlet Lane Brewing to close two of five locations
Scarlet Lane Brewing announced Monday plans to close tap rooms in the Meridian-Kessler and Kennedy-King neighborhoods.
Alabama firm buys Keystone, Greenwood shopping centers for $27.5M, seeks more upscale targets
The company’s primary investment focus is unanchored shopping centers located in more affluent areas of major cities. Its founder sees Indianapolis “as one of the most attractive cities in the Midwest.”
Plainfield warehouse serves as auction hub for returned goods at deep discounts
Online auction hub AllSurplus Deals opened Nov. 17 in a Plainfield warehouse to sell returned and overstock items directly to the public.
Indy’s retail real estate market is bouncing back after pandemic
Indianapolis-area brokers are bullish on the future of the local retail sector as occupancy rates grow in the aftermath of the pandemic and demand for space outstrips supply in some suburbs.
Ash & Elm Cider Co. planning expansion into Carmel with restaurant, tasting room
Ash & Elm’s planned 3,500-square-foot location, part of a multi-phase development by Carmel-based Old Town Cos., will be the company’s second restaurant and tasting room when it opens in spring 2024.
Mix Food Hall closes at Kroger stores in Carmel, Fishers
Mix Food Hall locations, which offered menu items from several restaurants and filled them through online ordering, have shut down less than a year after opening in Hamilton County.
Las Vegas concept that exited Broad Ripple plans to take over former Hard Rock Cafe location
Tanya Davis plans to open a new version of Vegas Lounge & Bar on the first floor of the historic Morrison Opera Place building at 47-49 S. Meridian St.
Cyber Monday sales hit record $12.4 billion even as savings dwindle
Spending increased 9.6% from a year ago, making it the biggest online shopping day ever, according to Adobe Inc., which compiles the data.
Steakhouse planned at former LouVino location in Fishers Nickel Plate District
The 4,200-square-foot Cooper & Cow Steakhouse & Bourbon Lounge is scheduled to open in December at 8626 E. 116th St.
Retailers offer bigger Black Friday discounts to lure hesitant shoppers hunting for the best deals
Many retailers ordered fewer goods for this holiday season and pushed holiday sales earlier in October than last year to help shoppers spread out their spending.
Alcohol-free businesses provide the drinks without the hangover
Booze-free bars and nonalcoholic retail bottle shops are found mostly on the coasts, but a handful have taken root in the Midwest.
Black Friday: Inside its evolution and how it changed holiday spending
The National Retail Federation projects that an estimated 182 million people are planning to shop in-stores and online through the five-day Thanksgiving weekend.
HercuLean Prepared Meals to open South Perry shop
Frozen entree company HearcuLean Prepared Meals intends to move into a storefront at 8215 U.S. 31 South during the first quarter of 2024.
RH unveils its ‘hospitality experience’ at the previously private DeHaan estate
The retailer has transformed the property at 4501 Michigan Road into a restaurant, wine bar, installations featuring the company’s furnishings and the RH Interior Design Studio.
Starbucks to launch store in Mile Square after leaving Monument Circle
The coffee shop is among several improvements planned for the 11-story office building that is headquarters to Kite Realty Group.
RH sets opening date for store, restaurant at former DeHaan estate
The public will be able to shop seven days a week at the previously gated 41,762-square-foot mansion known as Linden House.
New Garfield Park business Skosh seeks coffee fans, home decor shoppers
Store founder Haley Hilts describes the store as “a lifestyle studio where everything you see you can buy.” Even the coffee mugs are for sale.
Irvington Plaza redevelopment project moves forward after planning delay
The approval of a new plat map for the nearly 16-acre property in the 6200 block of East Washington Street comes as California-based developer Tallen Capital Partners LLC begins the process of developing a new master plan for the site.
Retail trade group says holiday sales growth expected to slow
The National Retail Federation, the nation’s largest retail trade group, predicts an increase in sales this holiday season, just not as big as last year’s.