Amazon makes $1B splash in health care by buying PillPack
The move represents a formidable challenge to pharmacy chains including Walgreens Boots Alliance Inc. and CVS Health Corp., the two largest drugstore chains in the United States.
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Former Toys ‘R’ Us CEO exploring comeback for failed retailer
The final store closures for iconic retail chain Toys “R” Us are slated for this week. But an executive who oversaw the store a decade ago is looking into whether some kind of reboot is possible.
Golf superstore in expansion drive to open 82nd Street location in former Babies ‘R’ Us
This will be the first Indiana location for Georgia-based PGA Tour Superstore, which currently has 33 locations and is growing quickly by securing sites vacated by Toys “R” Us and Babies “R” Us.
Survey: When it comes to tipping, millennials are cheapest
U.S. millennials are quick to whip out their wallets for pricey avocado toast and craft beer. But when it comes to rewarding the waiters and bartenders who serve them, those wallets often stay closed.
British retailer completes $558M acquisition of Indianapolis-based Finish Line
Buyer JD Sports Fashion, the leading European retailer of sports, fashion and outdoor brands, plans to retain Finish Line management and use the company as its platform for North American expansion.
Rent-A-Center going private after $800 million acquisition
The chain, which leases household goods on a rent-to-own basis, has more than two dozen locations in the Indianapolis area.
U.S. retail sales see biggest monthly climb in six months
U.S. retail sales soared in May, as consumers spent more at home and garden stores, gas stations and restaurants.
Local jewelry store to close its doors after 41 years in business
The family-owned jewelry business, which first opened in Glendale Town Center in 1977 before moving just north of 96th Street in 1991, plans to close Aug. 31—unless a late-developing plan to sell the store comes to fruition.
Cookie shop in Circle Centre reopens under new franchisee
The owner of Gifts and Convenience, a shop in the downtown Embassy Suites by Hilton hotel, is the new franchisee for the mall cookie and desert shop, which closed early this year after a lawsuit from the landlord.
IBJ PODCAST: Cafe helps catalyze revival on Washington Street, reclaim lives
Maria Bertram had a great career as an engineer for Eli Lilly and Co., so why did she chuck it to open a little cafe in a distressed neighborhood?
Designer Kate Spade found dead in apartment
Her former company, Kate Spade New York, has over 140 retail shops and outlet stores across the United States and more than 175 shops internationally.
Big quarterly loss by Lids sends Genesco’s stock reeling
Zionsville-based Lids Sports Group, which operates more than 1,100 stores, saw sales decline nearly 11 percent in the latest quarter. Genesco is seeking a buyer for the unit.
Sears Holdings to close Castleton Square mall store
The Castleton Square store is among three in Indiana that the struggling retailer included on its latest closure list.
Walmart offers employees new perk: cheap access to college
America's largest private employer hopes the new benefit will help it recruit and retain higher quality entry-level employees in a tight U.S. labor market.
Starbucks closes stores, asks workers to talk about race
Tuesday’s training sessions were personal, asking workers to break into small groups to talk about their experiences with race.
De Beers planning historic shift in diamond retail market
The company announced Tuesday that it will start selling man-made diamond jewelry at a fraction of the price of mined gems, marking a major strategy change for the world’s biggest diamond miner.
Indiana convenience stores find new way around cold beer ban
The announcement on Thursday, ahead of the Memorial Day weekend, was the latest attempt to combat liquor stores’ exclusive right to sell cold carry-out beer in Indiana.
Whitestown exit along I-65 explodes with retailers, fast food
The commercial openings are part of the $1 billion Anson development, led by Indianapolis-based Duke Realty Corp.
J.C. Penney CEO leaving to take top spot at Lowe’s
The announced departure of Marvin Ellison on Tuesday sent shares of the struggling department store chain tumbling to an all-time intraday low.
Kroger teams with online grocer to keep pace with Amazon
Kroger Co. and United Kingdom-based online grocer Ocado Group are working on identifying sites for three automated distribution centers in the United States this year and may open as many as 20 within three years.