Retail

Love Culture's plans approved over Simon's objection

August 1, 2014
Bloomberg News
Love Culture Inc., the bankrupt clothing chain, won court permission to hold expedited store-closing sales, over the objection of unsecured creditors, including Indianapolis-based Simon Property Group Inc.
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HHGregg shares slide on disappointing quarterly results

July 31, 2014
 IBJ Staff
HHGregg Inc. lost more money than expected in its latest quarter as sales slumped dramatically, the Indianapolis-based appliance, electronics and furniture retailer reported Thursday morning.
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Bar owner alleges racism in lease dispute

July 26, 2014
Scott Olson
The owner of a nightclub in the heart of Broad Ripple believes his landlords nearly doubled his rent for just one reason: to force him and his mostly African-American clientele from the building.
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UPDATE: Lowe's to invest $20.5M in customer-service center

July 22, 2014
Mason King
The home-improvement retail titan plans to begin hiring immediately for the center on the northeast side, pledging to employ as many as 1,000 workers making wages of $10 to $14 per hour.
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Kite Realty to engineer 1-for-4 reverse stock split

July 22, 2014
Mason King
The move will hike the real estate firm's stock price, combining every four shares into a single share. Kite officials hope a double-digit price will give shares a more stable foundation and an image makeover.
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Well-known east-side Mexican eatery closes

July 21, 2014
Scott Olson
El Sol de Tala, a staple on East Washington Street for several decades, shut its doors earlier this month amid a court dispute between the restaurant's owner and his landlord.
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HHGregg ready to dust off, ramp up Fine Lines conceptRestricted Content

July 19, 2014
Greg Andrews
HHGregg's high-end-appliance Fine Lines stores are shifting into the spotlight as the struggling retailer looks for ways to offset declining consumer electronics sales.
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Ex-HHGregg manager's lawsuit grows into class-action

July 15, 2014
Scott Olson
The lawsuit now includes 62 current and former HHGregg employees who claim they were denied incentive bonuses totaling about $5 million.
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Convenience stores remount challenge to cold-beer laws

July 15, 2014
Mason King, Associated Press
Convenience stores in Indiana are appealing a decision from a federal judge in June that continued to prohibit them from selling cold beer.
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Fletcher Place gains destination status

July 12, 2014
Scott Olson
Fletcher Place on the southeastern edge of downtown for years served as little more than a pass-through for folks traveling between downtown and Fountain Square. But the triangle-shaped historic neighborhood is starting to carve out its own identity by drawing more residents and visitors to patronize the restaurants and drinking establishments sprouting along Virginia Avenue.
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HHGregg ditches ad campaign, returns to former agency

July 9, 2014
Scott Olson
The Indianapolis-based retailer is going back to Zimmerman Advertising a year after parting ways with the firm and just two months after unveiling a "brand transformation."
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Kite completes $1.2B Inland acquisition

July 1, 2014
 IBJ Staff
The deal swells Kite’s roster of properties to more than 130, giving it a higher profile, greater operating efficiencies and more clout in negotiations with tenants.
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Simon sues insurance companies over fatal escalator accident

June 27, 2014
Scott Olson
The mall manager has filed a lawsuit against two insurance companies claiming they should have covered its loss stemming from a teenager's escalator fall in 2009.
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Finish Line reports strong quarter as same-store sales rise

June 27, 2014
Associated Press
Sales at stores open at least a year climbed 5 percent, and the company's website improvements and relationship with Macy's also helped to drive profit.
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Carmel retailers play defense against U.S. 31 construction

June 19, 2014
Andrea Muirragui Davis
Business has skidded for some eateries along the corridor as work crews transform it into a limited access highway. Proprietors are reaching out to customers with promotions but gripping the bottom line.
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Washington Prime buys Clay Terrace stake from Lauth

June 17, 2014
 IBJ Staff
Simon Property Group spinoff Washington Prime Group on Monday announced deals worth about $326 million involving at least seven shopping centers, including Clay Terrace in Carmel.
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Judge finds ‘rational’ reasons for restricting cold-beer sales

June 17, 2014
 IBJ Staff and Associated Press
Judge Richard L. Young ruled the state has legitimately drawn a line by only allowing liquor stores to sell cold beer.
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Noblesville firm plans $3M East 16th Street investment

June 17, 2014
Scott Olson
Slane Capital is developing the project for Better Retail, which plans to move its headquarters from Hamilton County while converting the dilapidated structure just east of the Monon Trail into a hub for food-and-beverage startups.
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MCL stays fresh as cafeteria rivals slide into decline

June 14, 2014
Anthony Schoettle
The company that Charles O. McGaughey and his partner, George Laughner, started in 1950 has outlived thousands of Indiana restaurants—chains and mom-and-pops alike—and remained profitable through the changing tastes and trends of seven decades.
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Bloomington puts new rules on chain businesses

June 12, 2014
Associated Press
The City Council voted Wednesday night to require what it calls standardized businesses seeking to open a downtown storefront to obtain a special zoning permit.
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Roberts leaving downtown location as part of $2.5M expansion

June 11, 2014
Scott Olson
The retailer of photo, video and electronics equipment will move from 255 S. Meridian St. to larger downtown space at 220 E. St. Clair St. Roberts plans to add 35 workers by 2018.
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Peapod sees Indianapolis as big growth market

June 4, 2014
Jeff Newman
Peapod Inc. has discovered fertile ground in Indianapolis despite a crowded field of grocery competitors, said Scott DeGraeve, senior vice president at the country's oldest and biggest online grocery-delivery service.
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HHGregg’s board is bullish, but analysts remain skittish

May 31, 2014
Greg Andrews
The company scarfed up $49 million of its stock under a buyback program that ran from May 2013 to May 2014. And last month, the company launched a new buyback program, this one for $40 million.
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Indy's musical roots remain alive at Jazz Kitchen

May 30, 2014
Associated Press
For the past 20 years, the Jazz Kitchen has offered live jazz seven nights a week, serving as an incubator for local acts and touring musicians alike.
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Shares of Simon spinoff dip in early trading

May 29, 2014
 IBJ Staff
Simon Property Group has revised its earnings forecast with the Thursday launch of spinoff firm Washington Prime Group.
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  1. Again, Maria.... how much are YOU contributing? The man doesn't HAVE to give a red cent! What don't you get about that? And, I know this might actually require some actual "facts", but can you please point me to the parking garage that the city gave to him?

  2. Another internet tuff guy I see. And what would the basis of taking the person to jail? If they were drunk, yea. But if not, there would be no jailable offense. All these gestapo, Nazi, jackboots are running SCARED. When the SHTF in this country who's side are you going to be on? The citzens, or the establishment? Better make up your mind quick because it's not far off. I would rather be trying to make friends than enemies. But no worries my "friend", God will take care of you and your likes in good time. It tells us that in the bible. If you stand, support and help carry out the plans of evil rulers, you will NOT be spared the wrath of God. That simple. All you can do is repent now and ask God to forgive you.

  3. Yes, Ersal, thank you for donating a whole $75,000, while the city gives you a parking garage for free and is going to pay for a multi million dollar stadium for you. I'd be donating money too if I was on welfare.

  4. I live and work in Broad Ripple and agree 100% that the traffic is not a significant problem. It can be slow at some times, but hey...this is an urban area. As for the development itself...HOORAY. Office and retail development brings people during the day, something that our community needs much more of. Thank goodness people are finally waking up to take advantage of the serene White River views. The BRVA land us committee endorsed the project because they know how these kind of projects help offset the cries of "too many bars". Pray that this development, and the proposed major investment by Browning, move forward. And remember Good Earth, these will mean hundreds of daytime people - potential shoppers for your store.

  5. Under current, previous existing law, this new law would be unconstitutional. Not that supposedly having to have a driver's license to drive isn't in the first place.

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