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.
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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.
82nd Street eatery to pair doughnuts, beer
The unlikely combination is designed to appeal to daytime and evening customers. Also this week: LouVino, King Dough, Osteria Pronto and Taco John’s.
After months of hints, David Simon to roll out new business unit
The CEO of Simon Property Group says the company's "fifth platform" will leverage its huge customer base—its more than 220 properties draw more than 100 million customers who make 2 billion visits a year.
Pacers looking for new customer sales system
The Capital Improvement Board on Feb. 4 put out a request for bids for a new point-of-sale system to be used throughout Bankers Life Fieldhouse.
Local record store plans smaller location in Bottleworks project
Square Cat Vinyl plans to operate a 560-square-foot store in the Garage Food Hall at the Bottleworks development at College and Massachusetts avenues when the downtown project opens in 2020.
City hires national group to study new uses for troubled Irvington sites
The struggling Irvington Plaza retail center and vacant Ford/Visteon manufacturing site are among the neighborhood’s biggest dormant spots and redevelopment opportunities.
CBD retailer to open as many as 108 stores in Simon malls
The first store is expected to open in Indianapolis in March at Castleton Square, Simon Property Group and Green Growth Brands announced Monday.
Toys ‘R’ Us planning second act under new name
Toys “R” Us fans in the United States should see the iconic brand re-emerge in some form by this holiday season.