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.
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Developer proposes mixed-use district at Lantern Commons in Westfield
The development proposal calls for two mixed-use buildings, a restaurant building, two plazas and a dog park.
Starbucks looks to protein drinks, other new products to boost lagging sales
Starbucks CEO Brian Niccol said improving store operations and paring back Starbucks’ menu was necessary before layering in new products.
New steakhouse to anchor $30M development near Fishers Event Center
The owner of the Prime 47 steakhouse at Clay Terrace in Carmel plans to open the new restaurant in a 9,500- to 10,000-square-foot restaurant space at The Crossing at Fishers District.
With so many ways to pay for retail purchases, how’s a consumer to choose?
What used to be a simpler checkout choice (“Cash or credit?”) has become more complex, fueled by tech-enabled options that have gained traction in recent years.
Beef prices have soared in United States—and not just during grilling season
Beef prices have been steadily rising over the past 20 years because the supply of cattle remains tight while beef continues to remain popular.
U.S. retail sales surge in broad advance, topping estimates
Ten out of 13 retail categories posted June increases, surprisingly fueled by motor vehicle sales, which climbed after back-to-back declines.
Indianapolis liquor stores lose permits after accusations of forged documents
Dave’s Fine Wine and Spirits stores at 5561 N. Illinois St. and 5203 E. 38th St. have been closed since the the Indiana ATC ruling.
Westfield City Council approves $105M Jersey 32 downtown project
The project’s plan calls for 43,000 square feet of retail space, 15,500 square feet of office space, up to 235 apartment units and a 574-space parking garage.
Slick City makes its move into central Indiana
The St. Louis-based company founded in 2021 by family entertainment entrepreneurs Bron Launsby and Gary Schmit opened its first slide park in 2022 in Denver. Today, Slick City has 17 locations in 10 states.
Walmart recalls 850K water bottles after 2 users suffer vision loss from ejecting lids
When a consumer attempts to open the bottles “after food, carbonated beverages or perishable beverages, such as juice or milk, are stored inside over time,” the lid can eject forcefully, authorities noted.
Customers seeking deals give Amazon’s Prime Day, competing sales a solid start
Adobe Digital Insights, which tracks visits to e-commerce sites, reported that U.S. consumers spent $7.9 billion at online stores on Tuesday, a 9.9% increase from the comparable day last year.
Dream Palace bookstore and coffee shop to close
Dream Palace Books & Coffee opened in October 2023 in a space where The Thirsty Scholar served customers from 2013 to 2018.
Restaurants, bars say they’re getting squeezed by rising music licensing costs
Businesses say the rising licensing costs have become overwhelming, and some question whether it’s even worth playing music at all.
Amazon extends Prime Day discounts to 4 days as retailers weigh tariff-related price increases
Amazon’s past success with using Prime Day to drive sales and attract new members spurred other major retail chains to schedule competing sales in July. Best Buy, Target and Walmart are repeating the practice this year.
IBJ Podcast: ‘Am I crazy for doing this?’ asks attorney turned bookstore owner
Tiffany Phillips discusses how she got Wild Geese Bookshop off the ground, developed a national reputation and fights fears that championing the printed word in retail “doesn’t make any sense.”
Pier 48 restaurant moves from downtown, citing effects of nearby construction
Pier 48 Fish House & Oyster Bar is establishing a pop-up location at George’s Neighborhood Grill on the northeast side of Indianapolis.
Lululemon’s lawsuit against Costco highlights rise of fashion ‘dupes’
Across the retail industry, it’s far from a new phenomenon. But social media is pushing the culture of online dupe shopping to new heights as influencers direct their followers to where they can buy the knockoffs.
Home Depot buying building supply business in deal worth $5.5B
The acquisitions arrive as booming sales from the pandemic fade and Home Depot intensifies its focus on professional builders.
Fashion Mall to add scenting shop, recycled T-shirt company
Aroma360 and casual apparel brand Marine Layer plan to open shops at the Fashion Mall at Keystone.