Biglari Holdings shares tumble after restructuring boosts CEO’s grip on company
The parent of Steak n Shake will create two classes of stock, allowing Sardar Biglari to make acquisitions without diluting his voting control.
Retail
Articles
Vitamin retailer GNC closing 200 stores
Like other retailers, Pittsburgh-based GNC has been struggling with a large brick-and-mortar footprint and competition from online sellers.
Online auto dealer Carvana to open 70-acre reconditioning center, create 200 jobs
Carvana got the green light to buy the land in the Mount Comfort area from struggling trucking company Celadon Group Inc., which last year abandoned plans to build a new headquarters there.
Fishers Imports to add dealership near Zionsville
The luxury, pre-owned car dealer says the new location will create more than 30 jobs and include a full service-and-parts department.
Round Room dials up massive growth in cell-phone industry with unique plan
With 2,400 employees and $2 billion in revenue, Carmel-based Round Room LLC is most assuredly not a small company. But don’t tell that to CEO Scott Moorehead.
Roundup: Kohl’s ‘rightsizing’ in Speedway, a Marsh replacement, and Kilwins Chocolates on Mass
Wisconsin-based Kohl’s said last month it will shrink about a dozen of its stores this year as part of a broader effort to reduce its bricks-and-mortar square footage.
Mr. Canary to debut new product on Home Shopping Network
The 23-year-old Carmel-based company has big expectations for its new “Bird Buffet” feeding system.
Subway plans 500 more U.S. store closings amid fierce competition
After peppering the nation with thousands of locations, closely held Subway is retrenching in the United States while adding more stores in international markets.
Old National Bank to close branch offices in Indianapolis, Carmel
Old National took over all three of the branches in 2009 when it acquired 52 Indianapolis-area Charter One offices. All but a few of those locations have since closed.
Sears stock soars as Lampert offers to buy Kenmore brand, real estate
Edward Lampert is pushing for a more aggressive breakup of Sears Holdings Corp. as the hedge-fund manager aims to salvage what’s left of the struggling retailer and stave off a potential bankruptcy filing.
World of Beer bar/restaurant set to open on Mass Ave
The establishment, located in the space formerly occupied by Mass Ave Toys, occupies 7,500 square feet over two levels—a bar and full-service restaurant on the main floor, and a second bar in the basement.
Amazon’s reveals its Prime service has 100 million members
CEO Jeff Bezos quantified the size of Amazon’s Prime membership for the first time Wednesday. Amazon launched the service 13 years ago as a way to foster customer loyalty.
Indy CD & Vinyl, Luna Music, Square Cat Vinyl, others to celebrate Record Store Day
Event boosts independent retailers. Also this week: Bentley’s Pet Stuff, Bird Fever, Le Peep and Tom Wood Toyota.
Carson’s parent Bon-Ton Stores heading for liquidation
The end is near for Bon-Ton Stores, the 160-year-old department store chain that operates more than 250 stores under various names, including Carson's, Younkers and Elder-Beerman.
Portillo’s restaurant chain planning to open Avon location
The Avon location will be the third local restaurant for the growing Chicago-based chain, which is known for its hots dogs and Italian beef sandwiches.
Starbucks to close stores for an afternoon for racial-bias training
Starbucks, moving swiftly to confront a racially charged uproar over the arrest of two black men at one of its stores, plans to close more than 8,000 U.S. stores for several hours next month to conduct racial-bias training for nearly 175,000 workers.
Internet sales tax issue divides Supreme Court justices
Hearing arguments Tuesday, the justices considered overturning the court’s 1992 ruling that made much of the internet a tax-free zone by exempting retailers that don’t have a physical presence in a state.
U.S. retail sales rebound sharply after post-holiday lull
The Commerce Department on Monday said retail sales rose 0.6 percent last month, the largest increase since November.
Circle Centre lands Purdue Polytechnic High School, five other tenants
Purdue Polytechnic plans to operate at the mall for the 2018-19 school year. Other new tenants include three restaurants, an Indiana-themed shop and an executive coaching consultant.
Naked Tchopstix opening new restaurants in Indianapolis, Carmel
The new sites will join Naked Tchopstix’s existing locations at 3855 E. 96th St. in Indianapolis and in Fort Wayne.