Walmart reportedly in talks with Humana for deeper partnership or merger
Walmart and Humana have explored a wide range of options including a merger, according to a source familiar with the situation.
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World’s biggest toymakers aren’t having much fun these days
There’s trouble in toyland. Sales at the world’s three biggest toymakers—Lego A/S, Hasbro Inc. and Mattel Inc.—slumped during the crucial 2017 holiday season, and the outlook for 2018 isn’t much better.
Finish Line shares sink after retailer falls short in key metric
Shares in Finish Line Inc.—which this week agreed to be acquired by British retailer JD Sports Fashion Plc for $558 million—tumbled Thursday morning after the Indianapolis-based retailer reported a sharp quarterly decline in same-store sales.
Walmart adds local sites to online pickup network; new Broad Ripple men’s boutique planned
Walmart has added four Indianapolis-area stores to its network of sites where customers can pick up their online orders. Also: A new menswear shop is coming to Broad Ripple.
Biglari says higher prices wouldn’t fix Steak n Shake, but not everyone agrees
A franchisee says Sardar Biglari's devotion to low prices is taking a toll on the customer experience at Steak n Shake.
Babies ‘R’ Us demise sets off scramble for baby registries
The liquidation of Toys “R” Us Inc. has raised a big question: What happens to all the customers who had baby registries at the soon-to-be-defunct retailer?
Santorini Greek Kitchen closing after 17 years in Fountain Square
Owners Taki and Jeanette Sawi said the restaurant’s last day of operations will be Saturday, but some of the eatery’s menu items will still be available at another venue.
Brookfield Property to buy Simon Property rival for $9.25 billion
GGP Inc., known as General Growth Properties until changing the name a year ago, is the second-largest U.S. shopping mall owner behind Indianapolis-based Simon Property Group.
Finish Line’s merger with British suitor could pose challenge to Foot Locker
Combining Indianapolis-based Finish Line Inc. and JD Sports Fashion from across the pond could create a firm within striding distance of the sports apparel industry’s heavyweight, according to an analyst.
United Kingdom retailer buying Finish Line for $558M
The purchaser is not Sports Direct International, a United Kingdom-based firm that began buying up Finish Line shares last year, but rather its top rival, JD Sports.
Sources say Kroger-Target merger report not accurate
Shares of Target Corp. and Kroger Co. jumped Friday morning after a business newsletter reported that the two retailers were in talks to merge. But several other media outlets said there was no truth to the report.
Macy’s to open new outlet concept at local shopping center
The retailer is bringing its Macy’s Backstage concept to the Indianapolis area, with an opening set for April 14. The concept has been credited with revitalizing sales at dozens of Macy’s locations.
Q&A: Kroger manager ‘came with the building’
When Marsh moved Larry Schultz out of its Mass Ave store years ago, customers threw a fit. Kroger was smart enough to make him manager of its new downtown store.
Crust pizzeria in Carmel to become Fat Dan’s Deli
It will be the third location for Fat Dan’s, a Chicago-style deli that also operates downtown and near Broad Ripple. The owner is taking his time with the transition to get to know the Carmel market.
Downtown Indy Inc. launching ‘pop-up’ retail program
The goal is to showcase—and hopefully fill—some now-vacant downtown retail spaces. Artists and vendors are being recruited, and the pop-up spaces should be active in May.
Amazon’s Whole Foods acquisition already shaking up grocery business
Amazon.com’s Inc.’s acquisition of Whole Foods Market—the national grocery chain that is opening its third local store in downtown Indianapolis on Wednesday—has sparked major disruptions in the grocery industry in the short time since the deal closed in late August.
New Le Peep operator zeroes in on sixth area eatery
Le Peep Restaurants of Indiana was acquired in January by a local investment group intent on making some improvements to the Indianapolis-area restaurants.
Discount grocer Aldi coming to former Marsh site in Nora
The Marsh closed in April 2017 as the grocer teetered toward bankruptcy. Meanwhile, Aldi is on a tear with its plans to modernize existing stores and open new ones.
Simon among landlords that will have to deal with Toys ‘R’ Us properties
The collapse of Toys “R” Us Inc. is yet another blow for landlords—including Indianapolis-based Simon Property Group—who now will have gaping holes of suburban retail space up for grabs. And few tenants would want them.
Honky-tonk restaurant, music venue coming to near-south side
Duke’s Indy plans to open this month in the building that formerly housed the Ice House restaurant, which recently closed after 34 years in business.