Business

Tuesday’s business headlines

INDIANAPOLIS (WISH) – Here’s a look at Tuesday’s business headlines.

ANGI Homeservices

ANGI Homeservices, which bought Indianapolis-based Angie’s List, is having a strong quarter as Americans stay home and do work on their houses.

The head of the company says they are seeing more wear and tear on homes so more improvements.

Also, many people are upgrading with new decks, landscaping, pools and firepits.

The industry is still at reduced capacity, in fact, there is backlog of lumber as construction managers were locked down.

Simon property

Indianapolis-based Simon Property Group says things are getting better.

Seventy-three percent paid rent in July. That compares to 51% in April.

CEO David Simon wouldn’t comment on reports this week that it is looking to Amazon to take over some empty JCPenney and Sears stores.

Simon stock was up 5% Monday.

Groceries

If the coronavirus pandemic again forces public lockdowns, 5.3% of American consumers say they will stockpile groceries as well as hygenic and school supplies.

That’s according to a survey by CPG Sales.

Of shoppers polled, 38% said they stockpiled up on groceries at the start of the COVID-19 crisis and would do so again if another shutdown occurs. That scenario also would spur another 15% of respondents to build up their stores of groceries, even though they didn’t stockpile at the beginning of the pandemic.

Cruise line

MSC Cruises plans to resume sailing in the Mediterranean this month as the industry resumes folloing a months-long shutdown.

At ports of call, however, visits ashore will only be allowed with company chaperones.

The company says this will help ensure passengers are following health protocols to combat the coronavirus.

They want to make sure no one brings a virus on board.

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