Foot Locker taking Flagstar space

September 24, 2007
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Flagstar BankFoot Locker has filed plans to open a 3,300-square-foot store at the corner of Meridian and Washington streets downtown. The space currently is home to Flagstar Bank, which plans to move to the former Bearno's space a few blocks away. Several restaurants, including Panera, Chipotle, McAlister's and McDonald's, had considered the high-visibility space in the building owned by local businessman John Goodman. The store would be the first downtown for New York-based Foot Locker Inc., which lost a bidding war with Indianapolis-based rival Finish Line to buy Genesco Inc. Finish Line now is trying to wiggle out of the $1.5-billion deal. Foot Locker already has stores at several area malls.
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  • this is a surprise
  • I wonder if this will help spur more street level retail in the area.....
  • Street-level retail?! Ok, so it's Foot Locker, but this is still great news. How many street-front spots in downtown AREN'T restaurants (or bail bondsman)?
  • Doesn't foot lock already have a store in Circle Center Mall?
  • Maybe this will spur some of the big people to put down their bigmacs and start running at lunch.
  • This is wonderful news. Downtown needs more street level retail like this. I wish we could get a Crate & Barrel or Bed Bath & Beyond downtown.
  • Retail is nice.

    Fair is fair; still, this looks like a case of Foot Locker thumbing their nose at Finish Line!
  • I love the idea. I never shop there but I assume other people do :) Anyway like the previous posters said, more street level retail is awesome. The more we can make Indianapolis a destination whether it be shopping, dining, etc is ok in my book.

    On Finishline: Didn't pretty much every investor tell Finishline that the buyout was a horrible idea? Smooth move.
  • The Finish Line inside Circle Center mall is one of their best locations, especially if you are shopping for the urban trends. So, this seems like a win for consumers.
  • I think this is a great location for them. The Cultural Trail will most likely pass right by their front door. Since their game is fitness apparel, I assume that will be a good thing. :-)
  • Street level retail is great. Wish we could have more. What about the first block of East Washington Street? Circle Centre is great, but we also need street level stores. Glad to see this happening.
  • That should be a great location, hopefully it'll spur more activity on the block to the east.

    Interesting, though, that Finish Line's first store in 1976 was on the Circle (albeit on the north side)...now it's big rival is setting up shop there.
  • This is one of the prime corners in all of Indianapolis. A Footlocker? They have locations at 38th and Illinois, . Wash Square, and Lafayette Square. It's not like they search out A+ locations. Maybe it was a tough space.

    I'm happy to see street level retail, but this seems one notch better than a T-Mobil store. I'd rather have Panera.
  • I wanted a Dunkin Doughnuts at this site!
  • I swear, if I hear about Foot Locker from IBJ one more time, I'm going to EXPLODE!!!!!
  • I think the fact that a Foot Locker is going in that space is great news. Stores featuring apparel/accessories are very rare downtown, outside of the mall. The idea that this type of retail is willing to risk going outside of their traditional forte (indoor shopping malls) should say something about te confidence in the downtown retail scene. Hopefully this will be followed by other retailers who will probably be watching to see how successful Foot Locker is. The earlier suggestions of Crate and Barrel or Bed, Bath, Beyond would be fabulous options. Considering the growing downtown residential population and the ongoing development of the south side of downtown, I don't think it will be long before we DO start to see more retail outside of the mall.
  • HMPPeaceHouse, judging from your remark, I wonder how much peace there is at your house.
  • Explode already HMPPeaceHouse you muppet
  • I agree with the notion that our downtown retail is basically nonexistent on the street level. This is due to Circle Centre, obvioulsy. I think that this is a good sign. Too bad the most recent plans for Pan Am Plaza fell through as that would have added more street level retail.

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  1. With Pence running the ship good luck with a new government building on the site. He does everything on the cheap except unnecessary roads line a new beltway( like we need that). Things like state of the art office buildings and light rail will never be seen as an asset to these types. They don't get that these are the things that help a city prosper.

  2. Does the $100,000,000,000 include salaries for members of Congress?

  3. "But that doesn't change how the piece plays to most of the people who will see it." If it stands out so little during the day as you seem to suggest maybe most of the people who actually see it will be those present when it is dark enough to experience its full effects.

  4. That's the mentality of most retail marketers. In this case Leo was asked to build the brand. HHG then had a bad sales quarter and rather than stay the course, now want to go back to the schlock that Zimmerman provides (at a considerable cut in price.) And while HHG salesmen are, by far, the pushiest salesmen I have ever experienced, I believe they are NOT paid on commission. But that doesn't mean they aren't trained to be aggressive.

  5. The reason HHG's sales team hits you from the moment you walk through the door is the same reason car salesmen do the same thing: Commission. HHG's folks are paid by commission they and need to hit sales targets or get cut, while BB does not. The sales figures are aggressive, so turnover rate is high. Electronics are the largest commission earners along with non-needed warranties, service plans etc, known in the industry as 'cheese'. The wholesale base price is listed on the cryptic price tag in the string of numbers near the bar code. Know how to decipher it and you get things at cost, with little to no commission to the sales persons. Whether or not this is fair, is more of a moral question than a financial one.

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