Retail

HHGregg ratchets back, but analysts still uneasyRestricted Content

January 19, 2013
Greg Andrews
HHGregg now has 228 stores in 20 states. So it has grown a great deal. But the “exceptional store economics” it used to promote are gone, thanks largely to a breathtaking collapse in sales of flat-screen televisions.
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Lids and MainGate gear up for Super BowlRestricted Content

January 19, 2013
The companies, newly appointed to handle merchandise sale for the mega-event, are bringing in talent from across the country to staff the game in New Orleans.
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Bill seeks earlier date for online retailers to collect taxes

January 17, 2013
 The Statehouse File
Hoosiers may be required to pay a 7-percent sales tax on top of their Amazon purchases starting July 1 if a proposed House bill is adopted.
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Retailer plans 250-worker Hendricks County warehouse

January 17, 2013
Gordmans, an apparel and home decor retailer, said it will spend $37.5 million to construct and equip a 545,000-square-foot distribution center in Clayton.
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Local Taco Bell franchisee acquired by California firm

January 16, 2013
 IBJ Staff
Southern Bells Inc., an Indianapolis-based franchisee that operates 76 regional fast-food restaurants, has been acquired by the country’s largest franchisee of Applebee’s restaurants.
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HHGregg shares tumble on profit warning

January 14, 2013
Cory Schouten
HHGregg shares fell 10 percent in early trading Monday after the Indianapolis-based appliance and electronics retailer slashed its 2013 profit forecast almost 25 percent on a sharper-than-expected drop in television sales.
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Downtown Arvey store reopens under new ownership

January 11, 2013
Scott Olson
Arvey Paper & Office Products at 1021 N. Pennsylvania St. began serving customers again in December after closing for six months. A former executive of Arvey's previous parent company bought the name and has reopened five stores nationwide.
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Greenfield gun seller, others seeing run on guns

January 8, 2013
Associated Press
Gun enthusiasts are snapping up weapons faster than they can be replenished. And applications for gun permits spiked sharply toward the end of 2012.
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$30M Keystone mixed-use project seeks city approval

January 8, 2013
Tom Harton
Hendricks Commercial Properties wants to build a five-story, L-shaped building with more than 36,000 square feet of ground-level retail space and 130 high-end apartments on the upper floors.
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Fortune's death puts 14 West building up for grabsRestricted Content

January 5, 2013
Cory Schouten
A historic brick building long used as a restaurant and hotel suites next door to Circle Centre mall is going up for sale for the first time in almost a decade, with an expected asking price of $4 million.
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Investor: Kroger missed chance to buy ‘linchpin’ propertyRestricted Content

January 5, 2013
 IBJ Staff
Owner of real estate near 16th and Central says grocery chain showed little interest, but Kroger says it still wants property to make way for new downtown store.
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Finish Line suffers surprising quarterly loss

January 4, 2013
 IBJ Staff
The earnings fell short of predictions by analysts polled by Thomson Reuters, which recently forecast per-share earnings of 10 cents on revenue of $296 million.
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Bazbeaux founders settle lawsuit

December 29, 2012
 IBJ Staff
Former husband and wife agree to end joint ownership of pizza restaurant, ending dispute that erupted with opening of Fountain Square sandwich shop.
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Kite continues Southeast push with $37.3M in acquisitions

December 27, 2012
 IBJ Staff
In December, the Indianapolis-based real estate investment trust bought two shopping centers in Greenville, S.C., using proceeds from its recent $60 million stock sale.
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Two Scotty's to reopen as Detour American Grilles

December 22, 2012
 IBJ Staff
The owner of the restaurants, Fishers-based MSCB, switched to the new formats after terminating its contracts with the current operator, Indianapolis-based A Pots & Pans Production.
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Finish Line pulls plug on new websiteRestricted Content

December 22, 2012
Cory Schouten
The Indianapolis-based chain rolled out a new FinishLine.com four days before Black Friday. But glitches and customer complaints forced it to revert to the legacy version Dec. 6.
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Gerdt Furniture to close doors after 53-year run

December 21, 2012
 IBJ Staff
The last remaining store for the family-owned business, which recently shuttered its Castleton location, will stage a liquidation sale on Dec. 28.
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Stores brace for snow during final shopping days

December 20, 2012
Associated Press
With sales during the holiday shopping season disappointing so far, the nation's retailers are depending even more on these final days leading up to Christmas for a boost in business. Retailers are hoping the storm won't change shoppers' plans.
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Landmark Anderson drugstore closes after 80 years

December 20, 2012
Associated Press
Howard Gwinn worked as a teacher and a Chicago-based pharmacist before opening shop at Fifth Street and Madison Avenue in Anderson in 1932. The drugstore he founded was a neighborhood fixture until closing Wednesday night.
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Scotty's plans new restaurants, loses contracts on others

December 20, 2012
 IBJ Staff
Scott Wise, who operates nine restaurants in Indiana, plans to open two more Scotty's Brewhouses in Indiana next year. However, his company also is losing the management contracts on two restaurants that carry the Scotty's name.
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Startup's stuffed toys help kids do goodRestricted Content

December 15, 2012
Andrea Muirragui Davis
Indianapolis-based Promise Monsters makes and sell plush toys that promote kindness through secret “missions” kids are asked to complete.
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Bill would crack down on convenience store safetyRestricted Content

December 8, 2012
Stores with crime problems that wanted to remain open overnight would have to do one of the following: have two employees working, install a bulletproof enclosure, have a security guard or conduct business through a pass-through trough.
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Retail, apartment blitz hits Fishers

December 8, 2012
Cory Schouten
It seems as if all of Fishers is under construction—and not just the perpetual improvements to Interstate 69. Developers have lined up a multitude of deals adding residential and commercial space, projects that are coinciding with the town’s recent voter-approved transition to a city.
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Lawmakers may tighten grip on gold-buying businessRestricted Content

December 8, 2012
Kathleen McLaughlin
State lawmakers and Indianapolis officials are looking to regulate the gold-buying business, which police say provides an easy outlet for stolen goods. Cash-for-gold stores have multiplied as prices more than doubled since 2007.
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As Simon soars, two big mall anchors retrenchRestricted Content

December 1, 2012
Greg Andrews
Are Simon investors overlooking the potential fallout from trouble at two of the mall giant’s biggest tenants, Sears and JCPenney?
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