Retail

Hofmeister seeks financing to emerge from bankruptcy

April 6, 2012
Scott Olson
Despite objections from unsecured creditors, a federal bankruptcy judge granted the jeweler's request to hire an outside consultant to help it seek alternative financing to repay the balance of a PNC Bank loan.
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Local automobile dealers enjoy big month of sales

April 5, 2012
 IBJ Staff and Bloomberg News
New car sales nationally rose about 13 percent last month as consumers replaced aging vehicles and took advantage of cheap financing. Sales were way up for many Indianapolis auto dealers.
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LEADING QUESTIONS: Foodie rebukes allure of 'Plan B'

March 30, 2012
LQ_Hoover_watchvideoWhat did the founder of Cafe Patachou learn from Butler's Brad Stevens? Why not try franchises? Martha Hoover responds in Part II of her IBJ interview.
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Finish Line launches running venture, reports strong sales

March 30, 2012
Cory Schouten
The Finish Line Inc. will partner with a private equity firm to expand its specialty running shops and develop Run.com, the Indianapolis-based retailer said Friday. The company also reported strong fourth-quarter earnings, but its outlook sent shares tumbling.
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Lafayette Square amusement center closes

March 29, 2012
Scott Olson
America's Incredible Pizza Co. shut down on Sunday, leaving a 75,000-square-foot vacancy in the struggling shopping center on Indianapolis' west side.
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INSIDE DISH: Patachou Inc. has full plate with expansion plans

March 28, 2012
Mason King
Dish_Patachou_WatchVideoFounder Martha Hoover expects to open two new restaurants by the end of the year and as many as six more by 2020, including eateries outside central Indiana.
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New hardware store tries to carve out niche near downtown

March 27, 2012
Scott Olson
In a city and industry dominated by big-box home-improvement chains, North Meridian Hardware owner Keith Payne hopes his independent store can build a loyal following among downtown's denizens.
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Entrepreneurs see early success with new liqueurRestricted Content

March 24, 2012
Andrea Muirragui Davis
Blue MF is a vodka-and-rum-based liqueur concocted by three Indiana University fraternity brothers turned entrepreneurs. Their firm, Indianapolis-based More Fun Liqueur, launched its signature drink in October and now is seeking investors to help fund expansion.
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French mall operator looks to Simon for know-how

March 23, 2012
Bloomberg News
Simon Property Group Inc.’s cutting-edge experience as the biggest U.S. mall owner will help Klepierre SA boost rental income at its shopping centers, the French company’s CEO says.
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Purdue graduate takes top job at McDonald's

March 22, 2012
Bloomberg News
McDonald’s Corp. said Chief Operating Officer Don Thompson, who grew up in Indianapolis and graduated from Purdue University, will take over as CEO, becoming the first black chief of the world’s largest restaurant chain.
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Mike’s Carwash trial awaits closing arguments

March 22, 2012
Lawyers on Wednesday finished presenting evidence to determine the true value of Mike’s Carwash Inc. and how much a former co-owner should have been paid for his share in the company.
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Popular barbershop gets makeover from community

March 18, 2012
Associated Press
Whiteland residents have rallied around a beloved barber who has been cutting hair in the Johnson County community for more than four decades by helping him remodel his shop.
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Annual profit, revenue rise for Noble Roman’s

March 14, 2012
Noble Roman's saw royalties and fees from traditional franchises decrease last year, but royalties and fees from non-traditional franchises increased, and the company saw more growth from take-n-bake products.
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Mike's Carwash ownership trial gets under way

March 12, 2012
Scott Olson
The private company and principals Bill and Mike Dahm are defendants in the lawsuit brought by Jerry Dahm, a cousin who once owned 35 percent of the company and claims he was forced to sell his shares at a discounted rate.
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Mass Ave restaurant plans clear first hurdle

March 9, 2012
The city's Historic Preservation Commission has approved rezoning and variance requests for two buildings sought by the owners of Broad Ripple's Brugge Brasserie just south of the intersection of Massachusetts and Park avenues.
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MainGate chasing NFL apparel dealRestricted Content

March 3, 2012
Anthony Schoettle
Indianapolis-based MainGate Inc. is in hot pursuit of the NFL’s exclusive Super Bowl on-site merchandise contract. And it might not be the only local company pursuing the multimillion-dollar deal.
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State economy finally gaining tractionRestricted Content

March 3, 2012
J.K. Wall
Leading indicators for Indiana's economy are looking up: Banks are increasing lending, real estate developers are pulling the trigger on long-shelved projects, manufacturers are expanding, and consumers are even buying big-ticket items, including automobiles.
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Lockhart Automotive moves Cadillac dealership to Fishers

March 3, 2012
The car retailer, rebounding from the discontinuation of some of its brands, is repurposing its former Hummer dealership.
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HHGregg gets $40M from life insurance on former CEO

February 29, 2012
Cory Schouten
HHGregg has collected a $40 million payout from a life insurance policy it took out on former executive chairman Jerry W. Throgmartin, who died in January after a sudden illness.
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Castleton Square Mall lands Borders replacement

February 28, 2012
Cory Schouten
Forever 21, a privately held California-based chain, has begun converting the roughly 25,000-square-foot former bookstore at the south entrance to the mall and is targeting a summer opening.
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Indiana legislators OK lifting Sunday cycle sales ban

February 27, 2012
Associated Press
Indiana's motorcycle dealers will be allowed to buy and sell their bikes on Sundays under a change in state law that legislators have approved.
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Office-supply standby Arvey Paper set to close

February 27, 2012
Cory Schouten
One of the city's most popular spots to buy paper and office supplies is scheduled to close next month as part of a nationwide consolidation by its parent company.
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Serial entrepreneur builds more than business

February 25, 2012
Andrea Muirragui Davis
Westfield resident Jenn Kampmeier is a CEO—that’s “chief everything officer” in the get-it-done world of startups—who prefers an even-loftier title: Mom.
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INSIDE DISH: Gastropub owners get aggressive after big first year

February 24, 2012
Mason King
Dish_local_eatery_watch_videoThe Local Eatery and Pub in Westfield streaked past break-even point in its first 12 months, leading its relieved but exhausted owners to plan new projects.
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Eiteljorg, Imax seeking approval to sell liquor

February 20, 2012
Scott Olson
The two downtown attractions are among several entities that purchased permits in November and now are seeking approval from county officials to sell liquor.
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  1. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  2. If you only knew....

  3. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

  4. The facts contained in your post make your position so much more credible than those based on sheer emotion. Thanks for enlightening us.

  5. Please consider a couple of economic realities: First, retail is more consolidated now than it was when malls like this were built. There used to be many department stores. Now, in essence, there is one--Macy's. Right off, you've eliminated the need for multiple anchor stores in malls. And in-line retailers have consolidated or folded or have stopped building new stores because so much of their business is now online. The Limited, for example, Next, malls are closing all over the country, even some of the former gems are now derelict.Times change. And finally, as the income level of any particular area declines, so do the retail offerings. Sad, but true.

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