Harry Gaunt Jewelers closing its doors after 60 years in business
The store’s 86-year-old owner and namesake has decided it’s time to retire. His store near Keystone at the Crossing has launched a going-out-of-business sale.
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Vitamin retailer GNC closing 200 stores
Like other retailers, Pittsburgh-based GNC has been struggling with a large brick-and-mortar footprint and competition from online sellers.
Online auto dealer Carvana to open 70-acre reconditioning center, create 200 jobs
Carvana got the green light to buy the land in the Mount Comfort area from struggling trucking company Celadon Group Inc., which last year abandoned plans to build a new headquarters there.
Round Room dials up massive growth in cell-phone industry with unique plan
With 2,400 employees and $2 billion in revenue, Carmel-based Round Room LLC is most assuredly not a small company. But don’t tell that to CEO Scott Moorehead.
Subway plans 500 more U.S. store closings amid fierce competition
After peppering the nation with thousands of locations, closely held Subway is retrenching in the United States while adding more stores in international markets.
Sears stock soars as Lampert offers to buy Kenmore brand, real estate
Edward Lampert is pushing for a more aggressive breakup of Sears Holdings Corp. as the hedge-fund manager aims to salvage what’s left of the struggling retailer and stave off a potential bankruptcy filing.
Carson’s parent Bon-Ton Stores heading for liquidation
The end is near for Bon-Ton Stores, the 160-year-old department store chain that operates more than 250 stores under various names, including Carson's, Younkers and Elder-Beerman.
U.S. retail sales rebound sharply after post-holiday lull
The Commerce Department on Monday said retail sales rose 0.6 percent last month, the largest increase since November.
Target chooses site for its first small-format store in Indiana
The national retailer, which is rolling out dozens of non-traditional stores across the country, declined to comment on whether downtown Indianapolis could be a future site.
Naked Tchopstix in Broad Ripple becomes Captain Sushi after sale
The new owner also operates Hirosaki, a Japanese restaurant in Avon that opened in 2016.
Walmart plans $24M in renovations, tech upgrades at Indiana stores
Retail giant Walmart on Wednesday announced plans to spend about $24 million over the next year to remodel seven stores in Indiana, including a supercenter in the Indianapolis area.
Franchisee sues Steak n Shake over pricing policy after losing money at 9 restaurants
A franchisee has filed suit against Indianapolis-based Steak n Shake in an effort to raise its menu prices because it says all of its restaurants are losing money.
Tinker Street chef to usher in restaurant’s return as a co-owner
After resigning on March 30 amid personnel issues at the high-profile eatery on East 16th Street, chef Braedon Kellner has returned to the kitchen with a stake in the business, according to one of its founders.
Target settles suit claiming its hiring system discriminated
Target has agreed to settle a lawsuit that said its hiring process, which automatically rejected people with criminal backgrounds, disproportionately kept blacks and Hispanics from getting entry-level jobs at its stores.
Kroger drops plan to build massive Marketplace store in Fishers
The Cincinnati-based grocery chain instead is opting to renovate a much smaller existing grocery across the street from where the proposed store would have been built. The decision leaves a massive hole for Kite Realty Group to fill in Fishers Station shopping center.
UPDATE: Tinker Street chef quits as restaurant closes ‘until further notice’
The high-profile eatery owned by veteran restaurateurs Peter George and Thomas Main had abruptly closed on Wednesday and Thursday night with little explanation, while posting a notice that it was hiring servers and salespeople.
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.
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.
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?