Beef prices have soared in United States—and not just during grilling season
Beef prices have been steadily rising over the past 20 years because the supply of cattle remains tight while beef continues to remain popular.
Retail
Articles
U.S. retail sales surge in broad advance, topping estimates
Ten out of 13 retail categories posted June increases, surprisingly fueled by motor vehicle sales, which climbed after back-to-back declines.
Indianapolis liquor stores lose permits after accusations of forged documents
Dave’s Fine Wine and Spirits stores at 5561 N. Illinois St. and 5203 E. 38th St. have been closed since the the Indiana ATC ruling.
Westfield City Council approves $105M Jersey 32 downtown project
The project’s plan calls for 43,000 square feet of retail space, 15,500 square feet of office space, up to 235 apartment units and a 574-space parking garage.
Slick City makes its move into central Indiana
The St. Louis-based company founded in 2021 by family entertainment entrepreneurs Bron Launsby and Gary Schmit opened its first slide park in 2022 in Denver. Today, Slick City has 17 locations in 10 states.
Walmart recalls 850K water bottles after 2 users suffer vision loss from ejecting lids
When a consumer attempts to open the bottles “after food, carbonated beverages or perishable beverages, such as juice or milk, are stored inside over time,” the lid can eject forcefully, authorities noted.
Customers seeking deals give Amazon’s Prime Day, competing sales a solid start
Adobe Digital Insights, which tracks visits to e-commerce sites, reported that U.S. consumers spent $7.9 billion at online stores on Tuesday, a 9.9% increase from the comparable day last year.
Dream Palace bookstore and coffee shop to close
Dream Palace Books & Coffee opened in October 2023 in a space where The Thirsty Scholar served customers from 2013 to 2018.
Restaurants, bars say they’re getting squeezed by rising music licensing costs
Businesses say the rising licensing costs have become overwhelming, and some question whether it’s even worth playing music at all.
Amazon extends Prime Day discounts to 4 days as retailers weigh tariff-related price increases
Amazon’s past success with using Prime Day to drive sales and attract new members spurred other major retail chains to schedule competing sales in July. Best Buy, Target and Walmart are repeating the practice this year.
IBJ Podcast: ‘Am I crazy for doing this?’ asks attorney turned bookstore owner
Tiffany Phillips discusses how she got Wild Geese Bookshop off the ground, developed a national reputation and fights fears that championing the printed word in retail “doesn’t make any sense.”
Pier 48 restaurant moves from downtown, citing effects of nearby construction
Pier 48 Fish House & Oyster Bar is establishing a pop-up location at George’s Neighborhood Grill on the northeast side of Indianapolis.
Lululemon’s lawsuit against Costco highlights rise of fashion ‘dupes’
Across the retail industry, it’s far from a new phenomenon. But social media is pushing the culture of online dupe shopping to new heights as influencers direct their followers to where they can buy the knockoffs.
Home Depot buying building supply business in deal worth $5.5B
The acquisitions arrive as booming sales from the pandemic fade and Home Depot intensifies its focus on professional builders.
Fashion Mall to add scenting shop, recycled T-shirt company
Aroma360 and casual apparel brand Marine Layer plan to open shops at the Fashion Mall at Keystone.
Jack’s Donuts corporate turmoil affecting some local franchisees
Since last fall, four creditors have sued Jack’s Donuts of Indiana Commissary LLC for money they say they’re owed. Of those four cases, two have resulted in judgments against Jack’s totaling just over $888,000.
Americans cut back on spending as inflation ticks higher
Consumer sentiment has also fallen sharply this year in the wake of the sometimes-chaotic rollout of President Donald Trump’s tariffs.
Second Broad Ripple bar owner charged with underreporting millions in sales
The owner of Rock Lobster and other bars is the second owner charged as a result of an investigation that began with 10 Broad Ripple establishments.
Slapfish picks Market District in Carmel for 4th area restaurant
Restaurateurs and Carmel residents Mark and Lauren Weghorst plan to begin renovating the 3,300-square-foot space this summer before opening later this year.
Temu sales plunge 25% in United States, but rival Shein sees growth
Temu’s sales decline in the U.S. is deepening as the online marketplace drastically cuts spending on advertising targeting American consumers, signaling a shift in focus after President Donald Trump’s tariff barrage.