Target steps up next-day parcel delivery as discounter tries to narrow gap with rivals
Target plans to add another 20 more cities for next-day delivery by next year, the company said.
Retail
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Retail sales jump from July to August at better-than-expected pace
So far, shoppers haven’t felt the big sting that some economists predicted earlier in the year as many retailers ordered goods ahead of tariffs.
Prices for the popular powdered tea matcha soar due to global demand
Global demand for the powdered tea has skyrocketed. In the U.S., retail sales of matcha are up 86% from three years ago, according to NIQ, a market research firm.
Potbelly being acquired by gas station chain RaceTrac for $566M
Potbelly, which was founded in Chicago in 1977, has 445 restaurants across the United States, including four locations in the Indianapolis area and seven others statewide.
Coming price cuts at McDonald’s might signal broader fast food price war
Fast food visits by lower-income consumers dropped by double-digit percentages industrywide in the second quarter, McDonald’s said.
Cracker Barrel relents, says its old logo will return
The tempest over the logo began last week, when the company announced plans for a simplified design featuring only the company’s name.
To keep up with growing car prices, many borrowers turn to 7-year loans
Six-year loans, at one time considered the upper end of the range, are now the most common, accounting for 36.1% of loans in the second quarter.
Q&A: Attorney Fernanda Beraldi’s jewelry store passion project has roots in her native Brazil
Since acquiring Windsor Jewelry with a partner, Beraldi has dived headfirst into the business—meeting with designers, making many of the design decisions for the space and helping to choose the collections that will be featured.
Social Cantina to open restaurant at former Gallery Pastry spot
The Art Moderne building at the intersection of 46th Street and College Avenue originally opened as a Kroger grocery store in 1932.
Critics deride Cracker Barrel’s new logo as ‘sterile,’ ‘soulless’ and ‘woke’
The restaurants themselves are also being revamped. The dining rooms are being outfitted with more modern furnishing and decor, as opposed to the “old country store” design it had in place for decades.
Beef prices are spiraling, but meat lovers aren’t deterred—yet
Beef and veal prices surged 11.3 percent in July on a year-over-year basis, according to the most recent consumer price index report.
Lowe’s intensifies focus on professional builders with $8.8B acquisition
Lowe’s is buying Foundation Building Materials, a distributor of drywall, insulation, metal framing, ceiling systems, commercial doors and other products that serve large residential and commercial professionals.
TJ Maxx parent tops expectations as bargain goods still sell
The TJ Maxx, Marshalls, HomeGoods and Sierra parent has been aggressively snapping up excess merchandise from brands looking to clear out piles of unsold goods.
Conference to explore why we buy: Consumer behavior doesn’t rely on reason
Public reaction to business practices will be explored during “Unreasonable: A Modern Look at Consumer Motivations,” a conference scheduled Sept. 26 at Newfields.
Retail sales rise 0.5% in July as some shoppers step up purchases ahead of tariffs
However, at electronics stores, sales were down 0.6%. And business at restaurants, the lone services component within the Census Bureau report and a barometer of discretionary spending, fell 0.4%.
Costco will not sell abortion pills after pressure from conservatives
Costco received pressure from groups on both sides of the issue, many of them investors in the nationwide grocery giant.
Claire’s, once a mall destination for tweens, files for bankruptcy
Claire’s has nine locations in the Indianapolis area, including mall stores in Castleton Square, Clay Terrace, the Shops at Perry Crossing, Greenwood Park Mall and Hamilton Town Center.
Restaurants balance rising, unpredictable costs with what customers value
Economic uncertainty has seeped into the attitudes of restaurant customers.
‘That nostalgic feeling’: Plainfield toy store has captured childhood for 10 years
Toy Buzz and Fizz, a toy, candy and soda store just east of downtown Plainfield, traces it roots to a toy-collecting hobby.
Supplies of matcha are dwindling, thanks to lattes and TikTok videos
Matcha, the bright-green tea powder from Japan, has become so popular in recent months that producers are straining to meet the surge in global demand.