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Retail
Sears closings shouldn't be big problem for Simon
December 29, 2011
Kathleen McLaughlinSimon Property Group has more shopping malls with Sears as a tenant than any other landlord, but any closings are likely have
a negligible effect on the Indianapolis-based real estate company's overall earnings, an analyst says.
MoreBargain hunters divided holiday shopping season
December 29, 2011
Associated PressThe holiday shopping season turned out to be two seasons: the Black Friday binge and a last-minute surge before Christmas.
Together, they added up to decent sales gains for most retailers.
MoreFatal shooting creates human resources issue for Kroger
December 28, 2011
Associated PressKroger officials are reviewing the actions of a manager who fatally shot a would-be robber inside a grocery store while it
was busy with customers.
MoreUp to 120 Sears, Kmart stores set for closure
December 27, 2011
IBJ Staff and Associated PressBetween 100 and 120 Sears and Kmart stores will be closed, the retailer said Tuesday, after terrible holiday sales during
what is the most crucial time of the year for retailers.
MorePolice called to control rowdy shoe shoppers
December 23, 2011
Local police were called to two Indianapolis malls to control crowds waiting to purchase the newest generation of Air Jordan
basketball shoe. Similar incidents have been reported nationwide.
MoreINSIDE DISH: Patrick's finds room at the Inn in 'X-mas miracle'
December 23, 2011
Mason King
Beth Dickerson and Patrick Mullen had one month to find a new home for their struggling restaurant and move.
A lucky break at Brick Street Inn and dozens of patrons (straight out of "It's a Wonderful Life") helped make
it happen.
Krieg Bros. building sold to owner of nearby structure
December 22, 2011
Buyer Rick Coombes also owns the building at 111 S. Meridian St., the former home of Brenner Luggage, located just north of
where the religious store operated for decades.
MoreFinish Line got strong start to holiday season
December 22, 2011
For the three-week period ended Dec. 18, the Indianapolis-based athletic apparel retailer said sales in stores open at least
a year increased 7 percent from the same time last year. For the entire quarter, company profit increased 35 percent, to $5.5
million.
MoreCracker Barrel rebuffs Biglari
December 20, 2011
IBJ StaffCracker Barrel shareholders appear to have rejected Sardar Biglari’s move to join the restaurant chain’s board,
but stopped short of passing a “poison pill” plan that would deter outside investors from taking over the business.
MoreDeceased HHGregg executive prospered in tough industry
December 17, 2011
Greg AndrewsJerry Throgmartin, 57, died Jan. 22, 2012, at the age of 57. His family said he died from complications of meningitis—an
infection that leads to inflammation of the membranes covering the brain and spinal cord.
MoreGroup plans another push for Sunday alcohol sales
December 14, 2011
Franklin College News BureauA coalition of convenience and grocery stores said Wednesday that they will renew their push for Sunday carry-out alcohol
sales and cold sales of beer, but with a twist.
MoreCEO: Steak n Shake poised for global growth
December 13, 2011
Scott OlsonIn his annual letter to shareholders, Sardar Biglari says he has commitments for 110 new franchises and thinks the Indianapolis-based
restaurant chain could take its concept overseas.
MoreU.S. retail sales increase for sixth straight month
December 13, 2011
Associated PressAmericans spent more on autos, furniture and clothing at the start of the crucial holiday shopping season, boosting retail
sales for a sixth straight month. Meanwhile, sales fell at grocery stores, building supply stores and restaurants.
MoreBiglari set to make big move on Cracker Barrel
December 9, 2011
Associated PressCracker Barrel will hold its annual shareholder meeting Dec. 20, and Sardar Biglari, who controls Indianapolis-based Steak
n Shake, is seeking a seat on the company's board of directors.
MoreDeLaney calls for action to boost safety at convenience stores
December 7, 2011
Greg AndrewsState Rep. Ed DeLaney, an Indianapolis Democrat, said at a Wednesday morning press conference that he has asked the Indiana
Department of Labor to convene a forum about worker safety with police, convenience store operators, Department of Labor officials
and other interested parties.
MorePopular chain plans to launch restaurant in Noblesville
December 3, 2011
IBJ StaffHuntington Beach, Calif.-based BJ’s opened its first central Indiana location in 2008 at Greenwood Park Mall.
MoreMalls see big changes just in time for holidays
December 3, 2011
Cory SchoutenNew stories have debuted at malls across the Indianapolis area. Many are pop-up shops eager to capitalize on holiday shoppers and the Super Bowl crowds.
Christy's auctioning inventory of religious supply store
December 2, 2011
Krieg Bros. Religious Supply House is closing Saturday after nearly 120 years in business. Items worth an estimated total
of $400,000 are set to be sold by Christy's of Indiana.
MoreSteak n Shake hit with overtime lawsuit
November 30, 2011
Scott OlsonTwo workers at restaurants in Georgia are suing the Indianapolis-based burger chain for failing to pay minimum wage and overtime
to hourly employees.
MoreBlack Friday boosts car sales to best rate since ‘Clunkers’
November 30, 2011
Bloomberg NewsU.S. consumers, who set records for retail purchases during Thanksgiving weekend, helped boost U.S. auto sales in November
to what is likely to be their fastest pace in more than two years.
MoreIndiana retailers making push for online sales tax
November 29, 2011
Associated PressA new coalition of Indiana retailers is planning a lobbying push aimed at convincing state lawmakers to force online businesses
to collect the state's 7-percent sales taxes from customers.
MoreThanksgiving weekend retail sales jump to record $52.4B
November 27, 2011
Bloomberg NewsU.S. retail sales during Thanksgiving weekend climbed 16 percent to a record, as shoppers flocked to stores earlier and spent
more, according to the National Retail Federation. Sales totaled $52.4 billion, and the average shopper spent $398.62 over
the holiday weekend, up from $365.34 a year earlier.
MoreWashington Square owner Simon not paying on $12.8M loan
November 26, 2011
Cory SchoutenTraffic is low and vacancies are high at Washington Square Mall, the most troubled local property for Indianapolis-based mall
giant Simon Property Group Inc.
MoreMartinsville Candy Kitchen hangs hopes on handmade canes
November 26, 2011
Andrea Muirragui Davis
Shop owners John and Pam Badger churn out more than 20,000 candy canes in November and December,
but they'd like to boost business the other 10 months of the year.
New restaurant to anchor Fountain Square Theatre building
November 26, 2011
IBJ StaffThe End of the Line Public House will replace the Shelbi Street Cafe.
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It's also across the street from Fogo de Chao and Morton's....
Yep, the haters are trying to make good news bad. I guess it is hard to get people to believe the series is dying when they are gaining new sponsors.
David Copperfield! I remember watching his specials on TV when I was little.
Don't forget this is next to an MMA gym, a pawn shop, and some abandoned spaces.
Good project for Zionsville - A group who has owned the property for many years has waited and worked patiently to bring highest and best use development to a major corridor, and mix that in with the great downtown you have. Win Win. All the Best to Pittman Partners and Zionsville.