Sears parent buying Sears Hometown, Outlet stores
The parent company of Sears, controlled by former Sears CEO Eddie Lampert, is buying the rest of Sears Hometown and Outlet Stores Inc. that it doesn't already own.
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Articles
Yo Mama Roux’s bid to continue Cajun tradition fails to find traction
The east-side Cajun and creole restaurant is a successor of sorts to Papa Roux, which operated out of the same building before closing last fall.
More rooftops mean more retail for Avon
A Toledo-based developer is about to start a two-building, 25,000-square-foot retail center at the corner of 10th Street and North Raceway Boulevard, adjacent to the Linden Square Village apartments.
Napleton plans Kia dealership for Carmel
The dealership would be built across 96th Street from the now-defunct HHGregg store, where Napleton had previously filed plans with Indianapolis to open a dealership.
Steak n Shake in growing legal battle over overtime pay
Steak n Shake is already on the hook for $7.7 million judgment after a jury found the burger chain improperly failed to pay overtime to 286 restaurant managers. Meanwhile, plaintiffs in an even larger second lawsuit are taking aim at CEO Sardar Biglari.
Fountain Square Brewing acquires New Day Craft in move to diversify
The deal, which closed this week, gives Fountain Square Brewing access to New Day’s lines of mead and hard cider as it tries to widen its distribution footprint.
Tuchman Cleaners on store-closure spree
Tuchman Cleaners, a dominant player in the dry cleaning business in central Indiana for more than 70 years, has closed more than half of its locations over the past nine months, leaving it with less than a handful of stores.
Two Chicks Whisky Business opens Plainfield bakery
The shop is a made-from-scratch effort that started in a food truck. Also this week: 3 Brothers Pub & Grub, Macy’s Backstage and Stein Mart becomes Amazon Hub.
Fashion retailer with seven area stores calling it quits
After trying to find a new owner, Ascena Retail Group announced Monday that it is preparing to close its Dressbarn clothing chain, which has about 650 stores throughout the country.
IBJ Podcast: Oliver Winery makes big business of sweet wines (but that’s not all)
CEO Bill Oliver, the son of the founder, talks with host Mason King about the Bloomington winery’s beginnings and its future and explains how its distribution has grown to 27 states.
Walmart reports best first quarter in nine years
Shares in Walmart Inc. jumped Thursday morning after the nation's largest retailer exceeded quarterly same-store sales estimates and saw online sales continue to climb.
Former ice-cream factory gets extensive renovations
The Irvington landmark has reopened as a multi-tenant space. Also this week: 10th Street Diner, Turn 3 Chicken & Waffles, Jailbird, Tiny House Treats, DeBella’s Subs and more.
Taziki’s restaurant chain opens 82nd Street spot, plans more Indy eateries
Alabama-based Taziki’s Cafe is the third operator of Mediterranean restaurants to begin scouting locations for Indianapolis-area eateries in recent months.
New York firm sells south-side shopping center, buys north-side complex in Castleton
Nassimi Realty was a key player in two transactions totaling $15 million, offloading a retail center dominated by dollar stores and acquiring a complex directly east of Castleton Square Mall.
South Bend Chocolate Co. to open location in Carmel
South Bend Chocolate Co. is set to open one of its Chocolate Cafes in space that formerly housed a tattoo parlor and a convenience store.
A hard-to-digest reality: Steak n Shake might not make it
The outlook is that bad for Steak n Shake, which in the first quarter racked up an $18.9 million operating loss. That’s on top of a $10.7 million loss for all of 2018.
Cincinnati-based tire chain plans seven area stores
Tire Discounters Inc., which has grown into one of the country’s largest independent tire dealers over the past decade, is rolling into the Indianapolis area this year with multiple locations.
Primanti Bros. quietly closes its Noblesville restaurant
The Pittsburgh-based chain, which is known for putting french fries on its sandwiches, entered the Indiana market in 2016 with the location near Hamilton Town Center.
Steak n Shake opens new-concept restaurant on city’s northwest side
The new model fits right in with Steak n Shake’s growing strategy to escape its roots as a sit-down diner and become more of a chain known for fast food.
Closures at Steak n Shake hit 60 this year, including five in Indy area
Steak n Shake has closed dozens of company-owned restaurants since the beginning of the year, but says those closures are temporary while it looks for franchisees to take over their operations.