National Retail Federation forecasts solid holiday sales growth
The new holiday forecast is above the average holiday sales growth of 3.7% over the previous five years.
Retail
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Popularity of resale boosts consignment shop
Greenwood store buys site, eyes expansion. Also this week: Zombie Taco, Yogulatte, Torrid, Book Warehouse, Sally Beauty Supply and Aldi.
Simon Property to invest $280M in online shopping venture
The Indianapolis-based shopping mall giant announced Wednesday morning that it is partnering with Rue Gilt Groupe to create an online site that will allow users to shop for more than 300,000 products from at least 2,000 designers.
Forever 21 fashion chain files for Chapter 11 bankruptcy
Indianapolis-based Simon Property Group counts Forever 21 as its sixth-largest mall tenant, excluding department stores, with 99 outlets covering 1.5 million square feet, as of March 3.
Jimmy John’s takes lead in King Cole exodus
The sandwich shop will move a few blocks away as a developer makes plans to convert the building into a hotel. Also this week: Native Bread, VetIQ and Paco’s Taqueria.
Restaurant and bar to open in Bates-Hendricks
Eateries are rare in the popular neighborhood south of downtown. Also this week: Kilroy’s, Rebar Indy, Urban Meditation and The Small Mall.
Restaurant chain prospers by staying out of the street-side marketplace
Carmel-based CC Holdings manages dozens of restaurants and coffee shops, but few are in conventional locations.
U.S. retail sales show solid increase as auto-buying jumps
Figures released Friday showed August retail sales advanced more than forecast, while consumer sentiment rebounded from an almost three-year low.
Broad Ripple restaurant assets to be auctioned
The Corner’s owners hope to sell its equipment, furnishings and liquor license Oct. 1. Nearby, Sun King Brewery is about to open Offshore, a seafood and beer restaurant, in the former Thr3e Wise Men space.
Kittle’s Furniture invests in Zionsville online retail startup
Kittle’s Furniture has provided seed funding to accelerate retail startup ParkerGwen.com’s growth, the companies announced Monday.
Metazoa Brewing drops plans for Broad Ripple taproom
City development officials had concerns about the design of the brewpub’s proposed second location. Also this week: BrewDog, The District Tap, Nightmare on Edgewood
Walmart to stop selling ammo for handguns, short-barrel rifles
The retailer has long found itself in an awkward spot with its customers and gun enthusiasts. Many of its stores are in rural areas where hunters depend on Walmart to get their equipment.
Upland Brewing Co. using retail locations as linchpin of expansion strategy
At Upland’s newest pub, in Fountain Square, everything is meant to convey the Upland brand—a spirit of curiosity, outdoor activities and community-mindedness, infused with a Hoosier sensibility.
Macaroni-and-cheese restaurant franchisee eyes multiple local locations
Two local law enforcement officers with a development agreement for the Florida-based chain have narrowed their sights on locations for at least three restaurants on the north side.
New coworking space to double as furniture showroom
The new concept will occupy the entire top floor of one of the Pyramids office buildings. Also this week: Black Acre, Taste of Havana, Chef JJ’s Backyard and Gauchos Brazilian Steakhouse.
McDonald’s offering harassment training to all U.S. workers
The fast-food giant said Wednesday that its franchisees have committed to provide the training—a combination of online work and in-person discussions—to 850,000 employees.
Retailer Forever 21 prepares for potential bankruptcy filing
A bankruptcy filing would help the company shed unprofitable stores and recapitalize the business. The retailer has four Indianapolis-area stores.
Roundup: Texas Margarita’s restaurant opens on North Keystone
The new venture replaces another Mexican restaurant at the site. Also this week: Steak n Shake, Rise ‘n Roll Bakery, Hitherto Coffee & Gaming Parlour and BoxLunch.
Department stores making room for used fashion as resale becomes mainstream
The moves mark the most dramatic evidence of how resale is becoming so mainstream that traditional sellers can no longer ignore it.
Spenga fitness chain entering Indianapolis market
The Chicago-based chain is the latest in a rush of similar announcements. Also this week: Beauty Brands, Normal Coffee, Got Sole? Boutique and more.