Scotty’s closes Thr3e Wise Men microbrewery and restaurant in Broad Ripple
The Indianapolis-based restaurant and bar chain opened the microbrewery location more than eight years ago to supply the Scotty’s chain with its own brand of craft beer.
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Barnes & Noble going private in $476M sale to hedge fund
Barnes & Noble, which still has 627 stores in the United States, including five in the Indianapolis area, is being acquired by Elliott Management for $6.50 per share.
South-side bicycle shop set to close after nearly a century
Circle City Bicycles, founded in 1922, started its going-out-of-business sale on Monday and expects to close its doors in August.
Aldi seeking approval for first store in Fishers
The Germany-based discount grocery chain has asked a city committee for permission to make architectural changes to the front of a store that was vacated by another grocer last summer.
Sears parent buying Sears Hometown, Outlet stores
The parent company of Sears, controlled by former Sears CEO Eddie Lampert, is buying the rest of Sears Hometown and Outlet Stores Inc. that it doesn't already own.
Yo Mama Roux’s bid to continue Cajun tradition fails to find traction
The east-side Cajun and creole restaurant is a successor of sorts to Papa Roux, which operated out of the same building before closing last fall.
Steak n Shake in growing legal battle over overtime pay
Steak n Shake is already on the hook for $7.7 million judgment after a jury found the burger chain improperly failed to pay overtime to 286 restaurant managers. Meanwhile, plaintiffs in an even larger second lawsuit are taking aim at CEO Sardar Biglari.
Fountain Square Brewing acquires New Day Craft in move to diversify
The deal, which closed this week, gives Fountain Square Brewing access to New Day’s lines of mead and hard cider as it tries to widen its distribution footprint.
Tuchman Cleaners on store-closure spree
Tuchman Cleaners, a dominant player in the dry cleaning business in central Indiana for more than 70 years, has closed more than half of its locations over the past nine months, leaving it with less than a handful of stores.
Fashion retailer with seven area stores calling it quits
After trying to find a new owner, Ascena Retail Group announced Monday that it is preparing to close its Dressbarn clothing chain, which has about 650 stores throughout the country.
Walmart reports best first quarter in nine years
Shares in Walmart Inc. jumped Thursday morning after the nation's largest retailer exceeded quarterly same-store sales estimates and saw online sales continue to climb.
Taziki’s restaurant chain opens 82nd Street spot, plans more Indy eateries
Alabama-based Taziki’s Cafe is the third operator of Mediterranean restaurants to begin scouting locations for Indianapolis-area eateries in recent months.
New York firm sells south-side shopping center, buys north-side complex in Castleton
Nassimi Realty was a key player in two transactions totaling $15 million, offloading a retail center dominated by dollar stores and acquiring a complex directly east of Castleton Square Mall.
South Bend Chocolate Co. to open location in Carmel
South Bend Chocolate Co. is set to open one of its Chocolate Cafes in space that formerly housed a tattoo parlor and a convenience store.
Cincinnati-based tire chain plans seven area stores
Tire Discounters Inc., which has grown into one of the country’s largest independent tire dealers over the past decade, is rolling into the Indianapolis area this year with multiple locations.
Closures at Steak n Shake hit 60 this year, including five in Indy area
Steak n Shake has closed dozens of company-owned restaurants since the beginning of the year, but says those closures are temporary while it looks for franchisees to take over their operations.
Kohl’s to begin taking Amazon returns at all stores
Kohl’s has been testing Amazon returns at 100 stores for nearly two years and sees the service as a way to get people in its doors and potentially buy something while they’re there.
Pier 1 plans as many as 145 store closures in restructuring effort
The retailer said it would close stores where leases were expiring or where it was unable to get reduced rents. Pier 1 has two stores in Indianapolis and three in the suburbs.
Sears sues former chairman Lampert over losses
Sears Holdings Corp. is suing its former chairman and largest shareholder Eddie Lampert, alleging the billionaire stripped the once iconic company of more than $2 billion in assets.
U.S. retail sales bounce back with healthy March surge
The Commerce Department said Thursday that sales last month had their strongest increase since September 2017. During the past year, retail spending has grown 3.6%.