Sears’ biggest shareholder bids $4.6B for rest of bankrupt chain
Eddie Lampert took his first step toward rescuing Sears Holdings Corp. from bankruptcy with a $4.6 billion bid that would keep hundreds of stores open and preserve about 50,000 jobs.
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St. Louis calzone shop set for downtown Indy, Carmel
The local operator liked the concept so much he convinced the owner to franchise it. Also this week: Rooster’s Kitchen, Capture Fitness, Pies & Pints, Agape Pizza, Dough Life, Indyo, Pots & Pans Pie Co. and Goodwill.
Greenwood-based One Click Ventures acquired by eyewear heavyweight
Randy Stocklin, who founded the company with his wife, Angie Stocklin, will remain with the company.
Landlord suing Mo’s Irish Pub for $100K in rent, liquor permit
Hamilton Town Center claims that the operator of the now-closed Irish-themed restaurant has reneged on an agreement to sell the valuable liquor, wine and beer permit back to the landlord.
Gallery Pastry Shop to open second, larger location
The pastry shop, which opened its Broad Ripple business in 2016, plans to open another location in 2020 in a new building in the Old Northside neighborhood.
Virtual reality plays growing role in retail
Early-adopter retailers in central Indiana—including Walmart, Macy’s and California Closets—are embracing virtual reality for employee training or to enhance customer experiences.
America’s Floor Source making crosstown move, adding showroom
The expansion positions Indy as a second headquarters. Also, in the week’s roundup: Ash & Elm, Red Dog Books, Miracle on South Street, JD Sports, At Home and much more.
Trampoline park to occupy former Marsh store in Noblesville
Urban Air Adventure Park has leased 34,000 square feet of a building left vacant in 2017 by Marsh Supermarkets.
Surge in online holiday sales may bring February hangover
The takeaway from the past few days is that Americans are spending at unprecedented levels, and the overwhelming majority of that growth—if not all of it—is online.
Columbus buying shopping mall to make it recreational/tourism complex
The city of Columbus is partnering with Columbus Regional Hospital and the Heritage Fund/The Community Foundation of Bartholomew County on the $5.9 million purchase.
Old-school retailers struggle to keep up with online surge on busy Black Friday
Black Friday is increasingly an online shopping event, and that’s not necessarily a good thing for legacy retailers, some of which found themselves falling behind during America’s annual spending spree.
Butcher, brewery team up for retail, lounge combo on College Avenue
Columbus-based Savory Swine and Indianapolis’ Cannon Ball Brewing Co. are collaborating on a plan to occupy the century-old downtown building that formerly housed 501 Tavern.
Americans, Canadians warned not to eat romaine lettuce
FDA Commissioner Scott Gottlieb said the FDA wanted to issue a warning about a new E. coli outbreak before people gathered for Thanksgiving meals, where the potential for exposure could increase.
Former Marsh store in Castleton area lands new tenant
Jane Pauley Community Health Center plans to fill about a third of the space, which was vacated by defunct grocery chain Marsh Supermarkets in May 2017.
Upland Brewing plans expansion of College Avenue tasting room with eatery
The watering hole will take over the former Open Society Public House restaurant space next door, with plans to debut the addition and a seasonal menu just before year’s end.
Stringtown fishing retailer calling it quits after seven decades
Westside Bait & Tackle, a family-owned fishing shop that opened in 1951, plans to close its doors for good on Dec. 31.
Zeller buys downtown office complex for $63M, plans amenity upgrades
The Chicago-based real estate firm intends to use the same strategy with Capital Center that it employed in refreshing Market Tower.
Black Friday breathing life back into no-interest auto loans
The share of U.S. vehicle sales financed with zero-percent loans has been shrinking, but several automakers are rolling out no-interest loans for Black Friday.
National bridal retailer files for Chapter 11 bankruptcy
David’s Bridal, a 68-year-old retailer with more than 300 stores, including two Indianapolis-area shops, filed for bankruptcy Monday, with a plan to cut debt by more than $400 million.
Developer in downtown hotel project sues bank in rift over relocating branch
Loftus Robinson plans to transform the 16-story tower into a 130-room Kimpton-brand hotel. But it says it has hit a snag with moving Centier Bank from the ground floor.