Gain in U.S. retail sales underscores solid, steady consumer demand
Nine of 13 retail categories posted increases in June sales, including solid gains at electronics and appliance outlets, clothing stores and restaurants.
Retail
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Crown Liquors eyeing Fountain Square for large, high-end store
The outpost near the heart of Fountain Square’s business district would be the second-largest of 19 stores in the chain. Two local groups have opposed it, and its hearing for a state liquor permit is set for next month.
New downtown restaurant to pay tribute to Hulman family
The Hulman restaurant is the result of a partnership with the IMS Museum, which holds rights to Tony Hulman’s name and likeness.
Furniture retailer L. Fish closing after nearly 70 years in Indianapolis
L. Fish, which has operated a furniture superstore on the east side of Indianapolis for decades, traces its roots to a now-defunct Chicago-based parent company that opened its first store in 1858.
Buy now, pay later appeals to buyers who don’t like credit
The new iteration of an age-old retail concept is gaining traction, particularly with younger consumers, and a growing number of central Indiana retailers are adding the payment option to their websites.
Renovated box factory anchors plans for 40-acre campus in neighborhood dubbed NOMA
Over the last two years, the Stenz Construction Corp., Third Street Ventures and Pure Development have undertaken a $25 million renovation of the former U.S. Corrugated Box Co. building.
Fishers might soon require council OK for new big-box store tenants
The Fishers Plan Commission voted in favor of a proposal Wednesday that would allow the city council to review, approve and set conditions for certain tenants interested in moving into a building with a floor area of 25,000 square feet or greater.
Total Wine & More planning second Indianapolis store
Total Wine & More, a Maryland-based chain of liquor superstores, opened its first Indianapolis location late last year in Nora after winning a high-profile court battle.
Authentic Brands, owner of Forever 21 and Brooks Brothers, files for IPO
Indianapolis-based Simon Property Group Inc. is among Authentic Brands Group’s largest shareholders.
Traders Point Church moving ahead with north-side Marsh renovation after delay
Traders Point first announced plans for its Midtown campus in January 2020, a few weeks after it closed on its $7.6 million purchase of the Marsh store east of Broad Ripple.
Q&A with Ross Tuggle on turning a hobby into a business
Despite the pandemic wreaking havoc on retail, Ross Tuggle and his wife, Brooke, opened Tuggle’s Gifts and Goods last November on Virginia Avenue in Fountain Square.
New auto sales, prices rise as chip shortage cuts U.S. supply
Consumers desperate for new vehicles often paid over the sticker price, pushing the average sales price in June above $40,000 for the first time, according to J.D. Power.
Sports bar Champps ends 20-year run in downtown Indianapolis
The downtown sports bar and casual dining restaurant opened in Circle Centre at the corner of Washington and Illinois streets in 2001 as Champps Americana.
Baker turning hobby into bagel shop in Cottage Home downtown
Josh Greeson left the real estate industry to focus on his dream of becoming a baker. It began to rise when he worked at the well-known Amelia’s in Fletcher Place.
Longtime restaurant operator Nick Iaria dead at 75
Nicholas “Nick” Iaria, the grandson of the founders of Iaria’s Italian Restaurant, is credited with turning the business into one of the city’s landmark eateries under his leadership from the 1970s to the early 2000s.
Big Red Liquors expands footprint with 15-store acquisition
Indianapolis-based Big Red Liquors, already the largest chain of package liquor stores in Indiana, plans to close on the acquisition of Cap n’ Cork early next month.
Blo Blow Dry Bar chain entering Indiana with three Indy-area locations
The Canada-based hair styling chain specializes in wash and blow-dry services and special-occasion hairstyling. It has more than 100 locations, but none in Indiana so far.
Award-winning Indianapolis chef Greg Hardesty dies at 52
Hardesty, described as “the godfather of the Indianapolis culinary scene,” is widely credited with having launched the careers of numerous Indianapolis chefs who went on to open their own restaurants.
Some used vehicles now selling for more than original sticker price
In the past year, used vehicle prices on average have climbed 30%, according to Black Book, which tracks car and truck data. That’s created many crazy situations where high-demand vehicles are selling for more than they did when they were new.
BJ’s Wholesale Club planning first Indiana store on area’s north side
Based in Westborough, Massachusetts, BJ’s is the third-largest warehouse club chain in the country. It operates 221 warehouse-style stores in 17 states.