Retail

Fashion Mall landlord suing tenant over unpaid rent

July 30, 2012
Scott Olson
A division of Simon Property Group Inc. is suing Brisbane, Calif.-based Bebe Stores Inc., claiming the women's clothing retailer owes it $64,000 in unpaid rent.
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J.C. Penney sells Simon Property stake for $248M

July 23, 2012
Associated Press
J.C. Penney Co. said Monday that it is selling the bulk of its interest in mall developer Simon Property Group Inc. for $248 million as it focuses on its core business.
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Lids division renews contract with IUPUI

July 23, 2012
Under the five-year deal, Nike will maintain its status as the official outfitter of all student athletes on the 16 varsity sports teams at IUPU. The initial deal was signed in October 2009. Terms of the current agreement were not disclosed.
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HHGregg setbacks reflect deeper woes, some fear

July 21, 2012
Greg Andrews
Retailer's operating income is the same as five years ago, even though it has triple the number of stores.
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INSIDE DISH: Unlikely pair pilot Ship to profit

July 20, 2012
Mason King
Dish_SinkingShip_watchvideoOK, so an accountant and a tattoo artist start a bar. Except it's no joke. Clearly defined roles have helped the odd-couple co-owners of The Sinking Ship navigate a turbulent startup and land on solid financial ground.
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Wholesale prices for used vehicles decelerate in June

July 19, 2012
Chris O'Malley
Wholesale used vehicle prices fell 3.6 percent, to $9,893 on average, in June compared with the same month of 2011, according to data compiled by Tom Kontos, an executive at Carmel-based wholesale auction chain Adesa Inc.
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Mother of man shot to death at Kroger files suit

July 19, 2012
Scott Olson
Jeremi Atkinson was fatally shot in December by a Kroger manager during what prosecutors determined was an attempted robbery. A federal lawsuit filed by Toni Atkinson claims the supermarket chain was negligent for not enforcing a firearms policy.
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Dealmaking, construction picking up on Speedway's Main Street

July 17, 2012
Tom Harton
The six-block stretch just outside the front door of the historic Indianapolis Motor Speedway was desolate when the town of Speedway formed a redevelopment commission in June 2005.
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U.S. retail sales sink for third straight month

July 16, 2012
Associated Press
Retail sales fell 0.5 percent in June from May, the Commerce Department said Monday. Consumers spent less on autos, furniture, appliances, on building and garden supplies, and at department stores.
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Carmel veterinarian opening animal hospital near Mass AveRestricted Content

July 14, 2012
Woodland Animal Hospital owner will take former bookstore space in Chatham Arch neighborhood.
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Meadows neighborhood developer aims for retailRestricted Content

July 14, 2012
New housing, health facility could help attract grocer.
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Honda West negotiating to open Fishers dealershipRestricted Content

July 14, 2012
It's not clear if the car dealer would leave its long-time home on West 38th Street.
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Finish Line's high-tech store prototype still has kinksRestricted Content

July 14, 2012
Cory Schouten
A prototype store launched by athletic shoe and apparel retailer The Finish Line Inc. on May 25 aims to use technology to marry brick-and-mortar to the company’s online operation. But interactive tablets that are a centerpiece of the so-called omnichannel strategy are not yet up and running.
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HHGregg shares plummet on new earnings forecast

July 11, 2012
 IBJ Staff and Associated Press
HHGregg Inc. shares plunged Wednesday after the Indianapolis-based appliance and electronics retailer said it expects to report a wider first-quarter loss because of weak sales in its video business. It also cut its full-year outlook.
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Capitol City Ford owner acquires assets of Burd Ford

July 11, 2012
Bob Thomas Dealerships said it plans to operate multiple auto-related businesses at the Burd facility at 10320 Pendleton Pike, including a used-car dealership called Sharp Cars.
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Marsh closing three grocery stores in central Indiana

July 10, 2012
Scott Olson
Marsh Supermarkets Inc. confirmed Tuesday afternoon that it is closing stores in Greenwood, Anderson and Martinsville. Many employees will get a severance package or an option to transfer to another location.
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Cousin wins minor damages in Mike's Carwash lawsuit

July 6, 2012
Dan Human
A Hamilton County judge has ruled that a former co-owner of Mike’s Carwash Inc. receive just $140,000 in damages in a civil case that sought close to $30 million.
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Hofmeister files bankruptcy reorganization plan

July 6, 2012
Dan Human
Hofmeister Personal Jewelers Inc. plans to pay off its creditors over seven years as part of the well-known Indianapolis retailer’s bankruptcy restructuring.
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National retailers report tepid sales for June

July 5, 2012
Shoppers, worried about jobs and the overall economy, pulled back on spending in June, resulting in disappointing sales for many retailers.
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J.C. Penney closing distribution center, laying off 230

July 2, 2012
 IBJ Staff
The distribution center, which opened in 2002 near the Indianapolis International Airport, will close by the end of September, company officials said.
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A year later, Circle Centre Nordstrom vacancy lingers

June 30, 2012
Cory Schouten
Without a rapid-fire lease deal and renovation, the former Nordstrom anchor space at Circle Centre will sit idle for a second holiday season. The more general-audience-oriented department store chain Macy’s remains the odds-on favorite to replace Nordstrom, though it would take only a portion of the available space.
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Finish Line stock jumps after profit exceeds expectations

June 29, 2012
Scott Olson
The Indianapolis-based retailer's profit fell 25 percent in the first quarter, but beat analyst predictions. Shares rose nearly 12 percent on the day.
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LEADING QUESTIONS: Big Car director helps drive growth

June 27, 2012
Mason King
LQ_Walker_WatchVideoThe Big Car arts collective is shifting into a higher gear, with a budget this year of $250,000, a new westside events hub, and a paid staff that no longer fits into a sedan. Executive Director Jim Walker provides a front-seat view.
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Kroger convinces council member of need for gas station

June 26, 2012
Kathleen McLaughlin
Kroger Co. will add a gas station to its store at West 86th Street and Township Line Road after successfully lobbying an Indianapolis City-County Council member who'd threatened to stand in its way.
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PROXY CORNER: Vera Bradley Inc.

June 23, 2012
Vera Bradley Inc., 2208 Production Road, Fort Wayne, Ind., 46808, sells handbags, accessories, paper-and-gift items and travel items through 55 retail stores, nine outlet stores, 3,300 specialty stores and through verabradley.com.
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  1. Those of you yelling to deport them all should at least understand that the law allows minors (if not from a bordering country) to argue for asylum. If you don't like the law, you can petition Congress to change it. But you can't blindly scream that they all need to be deported now, unless you want your government to just decide which laws to follow and which to ignore.

  2. 52,000 children in a country with a population of nearly 300 million is decimal dust or a nano-amount of people that can be easily absorbed. In addition, the flow of children from central American countries is decreasing. BL - the country can easily absorb these children while at the same time trying to discourage more children from coming. There is tension between economic concerns and the values of Judeo-Christian believers. But, I cannot see how the economic argument can stand up against the values of the believers, which most people in this country espouse (but perhaps don't practice). The Governor, who is an alleged religious man and a family man, seems to favor the economic argument; I do not see how his position is tenable under the circumstances. Yes, this is a complicated situation made worse by politics but....these are helpless children without parents and many want to simply "ship" them back to who knows where. Where are our Hoosier hearts? I thought the term Hoosier was synonymous with hospitable.

  3. Illegal aliens. Not undocumented workers (too young anyway). I note that this article never uses the word illegal and calls them immigrants. Being married to a naturalized citizen, these people are criminals and need to be deported as soon as humanly possible. The border needs to be closed NOW.

  4. Send them back NOW.

  5. deport now

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