Economy is good, but many restaurants closed in 2017
When downtown’s upscale Cerulean stops serving on Dec. 31, it will mark the end of a brutal year for the local restaurant industry marked by an unusually high number of closings.
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Auto industry bracing for slight sales declines this year and next
Following seven years of growth in new-vehicle sales, U.S. consumers appear to be tapping the brakes—but the auto industry says the slowdown is not causing them concern.
Known for malls, Simon turns to apartments, hotels
The company said it hasn’t lost faith in brick-and-mortar retail but now is broadening its development focus in a quest to continue increasing the value of its real estate holdings.
Serial entrepreneurs opening low-key, eclectic nightspot on Mass Ave
The longtime collaborators responsible for Wild Beaver Saloon are melding live performance with a love of facial hair in the three-story Burnside Inn.
Walmart changing legal name to reflect growing online business
The giant retailer said the move underscores its growing emphasis on serving shoppers in different ways beyond just physical stores.
Chicago-based chain acquires most of Butler Auto Group’s dealerships
Butler is keeping its Butler Toyota dealership, but has sold off its Kia, Hyundai, Fiat, Maserati and Alfa Romeo dealerships to a major regional chain that has rebranded the locations.
Judge sides with Simon, bars Starbucks from closing Teavana stores
A Marion Superior Court judge has granted the Indianapolis-based mall giant’s request for a temporary injunction, at least for now preventing Starbucks from closing 77 Teavana stores in its properties nationwide.
How to fill 300,000 square feet of fresh retail space
Big downtown real estate projects are expected to add that much room to the retail inventory, and advocacy group Downtown Indy is jumping in to help drum up interest.
CVS-Aetna deal could hinge on antitrust approach under Trump
CVS Health Corp.’s $67.5 billion takeover of Aetna Inc. will test the administration’s approach to far-reaching corporate takeovers, just weeks after the U.S. government sued to block a major telecommunications merger.
UPDATE: CVS buying Aetna for $67B, shaking up health care industry
The deal comes as the health sector is looking over the horizon at Amazon.com Inc., and how the company could transform the business of buying, distributing and selling drugs and medical products if it gets into health care.
Macy’s to add 7,000 workers amid strong holiday sales
Macy's needs a good holiday season after suffering 11 straight quarters of sales declines.
Posh downtown restaurant in Alexander hotel closing at end of month
The owner announced on Friday that the Asian-inspired fine-dining establishment will stop serving on Dec. 31, after a five-year run in the CityWay development.
Lids’ poor performance leads parent firm to cut outlook
Genesco’s stock price fell by 20 percent Friday morning after Zionsville-based Lids Sports Group reported a 9.5 percent drop in sales, prompting the parent company to reduce its full-year outlook.
Cajun eatery in Fountain Square to close before Christmas
In a Facebook post, B’s Po Boy said it couldn’t maintain enough business year-round to stay open.
Carmel’s holiday market, ice rink draw big crowds in opening days
The Carmel Christkindlmarkt and Ice at Center Green attracted 48,000 visitors during the first five days they were open, the city said. And market sales were “robust,” organizers said.
Arby’s owner agrees to acquire Buffalo Wild Wings for $2.4 billion
Roark Capital is likely to focus first on improving Buffalo Wild Wings’ food and operations, which should be easy fixes for a firm that experienced in the restaurant industry, an analyst said.
Familiar faces return to Greek dining mainstay
The owners of the Fountain Square institution are back to handling daily operations, after turning management over to an outside company in September.
Shoppers take to their phones for Cyber Monday deals
More people are picking up their phones to shop on Cyber Monday: Web traffic from mobile devices, including tablets, was expected to top desktop computers for the first time this year.
Chatterbox, a bar that’s barely changed, has helped transform Mass Ave
When David Andrichik bought the Chatterbox in 1982, it sat on a street pocked with second-floor sleeping rooms and grungy storefront businesses.
After bumpy year, retailers see cause for holiday optimism
The National Retail Federation is projecting holiday retail sales will increase 4 percent over last year, to $682 billion, on stronger employment and rising incomes.