Metazoa Brewing Co. to open Broad Ripple taproom
Metazoa plans to build its taproom on a site along the canal, just east of The Coil apartment building.
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Papa John’s founder to quit board, drop suit in settlement
As recently as last month, it had appeared John Schnatter wasn’t going to release his grip on the company without a fight.
Two local Rally’s shut down after health code violations
Health code inspections in recent months have found numerous violations at the fast-food restaurants.
Kroger plans to widen Visa ban as premium-card fees hurt margins
Kroger Co., the biggest U.S. supermarket chain, plans to widen a ban on Visa Inc. credit cards. And the grocer hasn’t ruled out expanding the ban to include all of its stores.
Amazon planning to open dozens of grocery stores, WSJ reports
Amazon.com Inc. plans to open dozens of grocery stores in U.S. cities, The Wall Street Journal reported Friday, a move that would expand its grocery footprint beyond its Whole Foods Market chain. Shares of food retailers all fell on the news.
Walmart to make ‘every effort’ to keep disabled greeters
Greg Foran, president and CEO of Walmart’s U.S. stores, said in a memo to store managers Thursday night that “we are taking some specific steps to support” greeters with disabilities.
Gap to close 230 stores, spin off Old Navy into new public company
The Gap brand has struggled as part of a broader slump for brick and mortar retailers, even as the lower-priced Old Navy brand has resonated with discount shoppers.
Walmart’s plan to get rid of greeters has disabled workers worried
Walmart, America's largest private employer, is facing a backlash as customers rally around some of the chain's most visible and beloved employees.
J.C. Penney to close more stores as sales deteriorate
The retailer’s profit tumbled nearly 70 percent and revenue slid 8 percent in the fourth quarter, the most crucial period of the year for retailers who bank on a surge in holiday sales.
Victoria’s Secret to close 53 stores after poor Christmas performance
Columbus, Ohio-based owner L Brands Inc. operates 957 Victoria’s Secret shops in the United States, including eight mall stores in the Indianapolis area.
Porto’s Peri Peri making Indy debut
The Portuguese chicken chain, started in Chicago, will open a restaurant in Castleton. Also this week: Chef Tia & Co., HoiTea ToiTea, The Playful Soul, Valvoline Instant Oil Change and Ross Dress for Less.
Kraft Heinz hit with federal probe, huge quarterly loss as consumers flee brands
The food manufacturer says it will slash the value of its Oscar Mayer and Kraft brands by $15.4 billion, an acknowledgment that changing consumer tastes have destroyed the value of some of the company’s most iconic products.
Rebar Indy to relaunch in downtown location under new ownership
Formerly of Mile Square Bistro and The Vanguard, chef Charles Mereday plans to debut his revised version of the upscale burger and beer joint as soon as this weekend.
Mexican-fusion eatery Comida opens in The Ambassador
The space just north of Central Library formerly housed Plow & Anchor and other restaurants. Also this week: The Barre Code, Orangetheory Fitness, Target and Claire’s.
Kite Realty to unload up to $500M in properties
The Indianapolis-based retail real estate firm hopes to pay down debt, improve the quality of its assets and focus on preferred markets. Its shares fell on Wednesday after it revealed the plan and underwhelming quarterly results.
IBJ Podcast: Chef Hardesty’s new SoBro project isn’t a traditional restaurant but you can get a meal there
Renown local chef Greg Hardesty talks about his plans to offer private dining, a coffee bar, pop-up meals and more—even a service to supply home chefs with hard-to-find ingredients.
FullBeauty Brands exits bankruptcy in record time, adds ‘transformation’ officer
Freshly emerged from what’s believed to be the fastest Chapter 11 bankruptcy case ever, online retailer FullBeauty Brands has hired a new executive to help the company reshape itself.
Payless ShoeSource to close all stores, report says
The chain, which is preparing to file bankruptcy for the second time in two years, has more than 50 locations across Indiana.
Scotty’s Brewhouse in Noblesville closes suddenly
The Scotty's Brewhouse in Noblesville has abruptly closed, the Indianapolis-based restaurant and bar chain announced Wednesday, marking the fifth closure for Scotty’s since the end of last year.
Papa John’s offers Purdue tuition in bid for labor loyalty
Papa John’s International Inc. is offering its employees tuition to Purdue University online classes—part of the beleaguered chain’s efforts to shift the narrative away from the missteps of its founder.