Expect department stores, apparel retailers to continue to retrench in 2020
More than 7,600 stores closed this year through October, a record for that point in the year, according to Credit Suisse. And the outlook for 2020 doesn’t look any brighter.
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Art house cinema, restaurant close to debut in Windsor Park
The project, whose backers include father/son developers Tom and Ed Battista, has been in the works for more than two years. Also this week: Jimmy John’s, Taste of Havana, Marco’s Pizza and Best Buy.
Champagne and shoes: Luxury stores adapt to changing shopper
New entrants have disrupted the luxury sector by creating different channels to attain the seemingly unattainable. For luxury department stores that once had a lock on where the well-heeled could shop, that has forced them to reimagine their approach.
Mudbugs Cajun Cafe closing in Carmel after nearly 13 years
The founders and owners said the restaurant in Carmel’s Arts & Design District will be replaced by a family-owned restaurant that will serve Mediterranean cuisine.
Catalog retailers see reason for optimism after declines
A catalog-industry rebound appears in the works, fueled in part by what might seem an unlikely group: younger shoppers who find it’s sometimes easier, more satisfying and even nostalgic, flipping pages rather than clicking links.
Fresh baby food maker plans first retail shop in Castleton
The shop in Castleton is expected to open in March and will sell fresh baby food plus merchandise for both babies and mothers. The company also offers baby food subscription boxes.
Canada-based fitness chain set to enter Indianapolis
30 Minute Hit will open its first Indiana gym in Indianapolis’ Wanamaker community early next year. Also this week: Burn by Rocky Patel, Wei Ramen, City Bytes Coffee, Gina’s Grill, Rise ‘n Roll and more.
Keystone using Carmel’s last available new liquor license to fill former Scotty’s space
The Carmel City Council this week approved building manager Keystone Realty Group’s application to use the city’s final available new three-way liquor license for a restaurant at 110 W. Main St.
Program that gives residents rides to groceries expands to city’s west side
The Lyft Grocery Access pilot program, which launched on the city’s far-east side in July, will now serve residents living in the area bounded by 42nd Street on the north, St. Clair Street on the south, Meridian Street on the east and Riverside Drive on the west.
Earth Fare closing all three Indianapolis-area grocery stores
The chain, which specializes in organic and natural food, plans to close its stores in Carmel, Noblesville and Greenwood on Jan. 11.
Brewpub named best in America coming to Indianapolis
Hammond-based 18th Street Brewery—which was voted the best brewpub in America this year by readers of USA Today—has officially announced plans to open an Indianapolis location.
Books & Brews to close Broad Ripple location
In addition to the Broad Ripple location, the Indianapolis-based Books & Brews chain has nine other locations in Indiana and Ohio.
ROUNDUP: CVS to close two Indianapolis stores
Its downtown and midtown stores are among 22 underperforming locations closing nationwide. Also this week: Vasa Fitness, CityWay Animal Clinics, Seraphim Asian Grill, new Bottleworks eateries, Kroger and more.
Connecticut-based fun center operator eyeing Indy market
It’s part of a multi-state expansion that comes just more than a year after the original Thrillz opened. Also this week, the reopening of Cinemark 8, Kilroy’s Bar and Grill and The Boiling.
Stakeholders consider Lafayette Square redevelopment possibilities
The mall’s proposed sale is considered by industry experts to be welcome news for a lower-income neighborhood trying to make a comeback.
Retail mall foot traffic picks up ahead of Thanksgiving
The index measures mobile-phone location data from five of the largest U.S. shopping center real estate investment trusts, including Indianapolis-based Simon Property Group Inc.
Louis Vuitton maker to buy Tiffany & Co. for $16.2 billion
The offer comes as luxury goods companies have been wrestling with changing habits of shoppers who are increasingly buying online.
Fast-casual Indian chain to enter Indy market
The California-based company’s local franchisee is shopping for sites downtown and across central Indiana. Also this week: Best Friends Pet Hotel, Mission 27 Resale, Rize and Dr. Tavel.
National dog daycare opening first Indiana location on north side
Dogtopia, a chain of dog daycare, boarding and spa franchises, plans to open its first location in Indiana this month, the company announced Thursday.
Robust holiday shopping season expected, with some retailers facing challenges
With two weeks until the official start of the holiday shopping season, the nation’s retailers are gearing up for what should be another brutally competitive shopping period.