Visa, Mastercard reach settlement in 20-year merchant legal feud
Total credit and debit card swipe fees hit a record $187.2 billion last year, according to the trade group the Merchant Payments Coalition.
Retailers
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Q&A: After music career, Nate Olp finds second act in leather crafting
His studio and shop, which lists wallets from $40 to $160 and bags from $280 to $375 on its website, is now open on First Fridays and by appointment at the Factory Arts District.
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Kentucky-based retailer to open at former east-side RoomPlace store, warehouse
Big Sandy Superstore, which sells furniture, appliances, mattresses and electronics, opened its first area store last month in Plainfield.
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Q&A: Attorney Fernanda Beraldi’s jewelry store passion project has roots in her native Brazil
Since acquiring Windsor Jewelry with a partner, Beraldi has dived headfirst into the business—meeting with designers, making many of the design decisions for the space and helping to choose the collections that will be featured.
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Owner of Foxgardin, Bonge’s acquires Carnegie’s in Greenfield, plans reopening
Carnegie’s, a fine-dining eatery that occupied the lower level of a former Carnegie Library at 100 W. North St., closed in late June after a 26-year run under retiring former owner and chef Ian Harrison.
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Articles
National Retail Federation: Holiday spending expected to increase as much as 4.2%
The 2025 forecast from the National Retail Federation on Thursday estimates that shoppers will make $1.01 trillion to $1.02 trillion worth of purchases in November and December.
AI has the nation’s largest employers putting their workers on notice
Walmart CEO Doug McMillon warned at a company event in September that AI is set “to change literally every job” and that his workers would have to adapt.
UPDATE: Jack’s Donuts businesses file for bankruptcy protection
Three related businesses operated by Jack’s Donuts owner and CEO Jack “Lee” Marcum III have filed Chapter 11 petitions, listing total liabilities of more than $20 million and assets of less than $1.6 million.
Uncertainty over economy, tariffs causes some retailers to be cautious about holiday hiring
Retailers’ hiring plans mark the first clues to what’s in store for the U.S. holiday shopping season and come as the U.S. job market has lost momentum.
California company recalls nearly 245,000 pounds of pasta tied to listeria outbreak
The company recalled thousands of cases of heat-and-eat linguine, fettucine, penne and other pastas sold at grocery stores nationwide.
Treasury releases new proposals for ‘no tax on tips’
The agency on Friday submitted possible guidance that includes greater detail on the occupations covered by the rule and who will qualify and what counts as a “qualified tip.”
Uber Eats to launch drone meal delivery in partnership with Flytrex
The companies expect to begin deliveries in test markets by the end of this year.
Coming price cuts at McDonald’s might signal broader fast food price war
Fast food visits by lower-income consumers dropped by double-digit percentages industrywide in the second quarter, McDonald’s said.
TJ Maxx parent tops expectations as bargain goods still sell
The TJ Maxx, Marshalls, HomeGoods and Sierra parent has been aggressively snapping up excess merchandise from brands looking to clear out piles of unsold goods.
Target to eliminate 201 jobs at Indianapolis distribution facility
Target is ending fulfillment operations at its massive distribution facility near Indianapolis International Airport, but most of the employees there will land new jobs with the company, the retailer said.
Health officials crack down on kratom-related products after complaints from supplement industry
U.S. health officials are warning Americans about the risks of an opioid-like ingredient increasingly added to energy drinks, gummies and supplements sold at gas stations and convenience stores, recommending a nationwide ban.
With so many ways to pay for retail purchases, how’s a consumer to choose?
What used to be a simpler checkout choice (“Cash or credit?”) has become more complex, fueled by tech-enabled options that have gained traction in recent years.
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.
What to know—and what isn’t known yet—about tax deductions for tips, overtime pay
Which workers will qualify for the new deductions is among the details the government has to work out after President Donald Trump’s signature spending and policy package won final congressional approval.
Kroger sales beat expectations on steady grocery spending
The Cincinnati-based grocery chain, which has more than 100 stores in Indiana, said it plans to close about 60 stores nationwide over the next 18 months.
Retail sales slid in May as Americans turned cautious
The figure was pulled down by a steep drop in auto sales, after Americans ramped up their car-buying in March to get ahead of a 25% duty on imported cars and car parts.
Retailer At Home files bankruptcy, with lenders set to take over
The chain has more than 250 stores in the United States, including four stores in the Indianapolis area, that sell everything from patio furniture to picture frames and washable rugs.
2025 Corporate 100: Vera Bradley seeks to reinvigorate brand with new materials, silhouettes
Chief Marketing Officer Alison Hiatt explains the rebranding strategy and explains what has been working as the company tries to recover from lagging sales.
2025 Corporate 100: Sweetwater’s focus on the details builds high-value relationships
IBJ talked with CEO Mike Clem about Sweetwater’s huge Fort Wayne campus, which includes the nation’s largest music store, a performance pavilion, recording studios, professional service center, theater, café, salon and more.