Retail

Airport faces fiscal headwindsRestricted Content

May 12, 2012
Chris O'Malley
The Indianapolis Airport Authority recorded a $31.3 million operating loss in 2011, a result that new board President Michael Wells believes underscores the need to find new sources of revenue.
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Noble Roman's top investor loses Green Mountain chair

May 9, 2012
Bloomberg News
Green Mountain Coffee Roasters Inc. has stripped founder Robert P. Stiller of his position as chairman after he sold shares to meet a margin call at a time when the company’s trading policies prohibited such sales.
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Marsh CEO Kelley quits for job in New England

May 8, 2012
Cory Schouten
Marsh Supermarkets CEO Joe Kelley abruptly resigned Tuesday, and the Fishers-based chain launched a search for its third chief executive in a little more than a year. The company named Chief Operating Officer Bill Holsworth as its interim CEO.
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Growth tear swells Simon Property GroupRestricted Content

May 5, 2012
Cory Schouten
Simon Property Group Inc. this year joined the Standard & Poor’s 100 Index, a listing of the nation’s largest and most established companies including Apple, Coca-Cola and McDonald’s. The Indianapolis-based company is the only real estate company on the list and is now the largest real estate company in the world.
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Fast-food clients fueling furniture-maker's growthRestricted Content

May 5, 2012
Kathleen McLaughlin
Facility Concepts’ can-do attitude has cemented the loyalty of clients like Southern Bells—one of the largest Taco Bell franchises in the country—and propelled it from startup consultancy in 2004 to full-fledged manufacturer.
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INSIDE DISH: Husband-wife team revive sushi joint's reputation

May 4, 2012
Mason King
Dish_Yokohama_WatchVideoScott and Debbie Bennett sank their savings into purchasing Greenwood's Yokohama, which had a past peppered with disappointed patrons.
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Finish Line plans to add 327 jobs as part of expansion

May 1, 2012
The Indianapolis-based retailer of athletic shoes and apparel said it will add the jobs by 2016 as part of a multimillion-dollar expansion that will upgrade its e-commerce systems.
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Best Buy's turnaround may pinch HHGreggRestricted Content

April 28, 2012
Cory Schouten
The struggling electronics chain Best Buy has launched a turnaround strategy that borrows more than a few pages from the playbook of competitor HHGregg.
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Canal Walk popular, but full of opportunities missedRestricted Content

April 28, 2012
Cory Schouten
City leaders once envisioned the Canal Walk as a bustling pathway lined with restaurants and shops, but residential and office buildings have sprouted instead on most of the parcels along the meandering 1-1/2-mile stretch--making it more of a local amenity than a visitor attraction.
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INSIDE DISH: Nostalgic Shallos does brisk business swiftly

April 27, 2012
Mason King
Dish_Shallos_WatchVideoThe 31-year-old, south-side institution is approaching a potential turning point as it breaks sales records and continues to hone lightning-quick food prep and table turnover.
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Simon boosts dividend after gains in sales, occupancy, rent

April 27, 2012
Cory Schouten
Simon Property Group Inc. said sales at its U.S. malls jumped 11.2 percent in its most recent quarter, to $546 per square foot. Simon malls were 93.6-percent occupied, up from 93 percent.
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Law change allows entrepreneurs to market homemade foodRestricted Content

April 21, 2012
Sam Stall
Many Indiana home-based food businesses owe their existence to a law enacted in 2009 that allows them to sell certain types of foods at farmers’ markets and their own roadside stands with minimal state oversight.
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Castleton Square will get new stores catering to youthRestricted Content

April 21, 2012
Forever 21 is more than tripling its square footage at the north-side mall by taking the former Borders bookstore space.
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Earth Fare grocery replacing Borders at Hamilton Town Center

April 18, 2012
Cory Schouten
An upscale supermarket chain focused on natural and organic products is taking the former Borders bookstore space at Hamilton Town Center. The store will be the first in Indiana for the privately held chain.
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Finish Line to sell Special Olympics merchandise

April 17, 2012
The agreement to sell the organization's items online and in stores is part of a multiyear partnership in which Indianapolis-based Finish Line has agreed to lend support to Special Olympics.
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Indiana escapes Best Buy's closure plans

April 16, 2012
 IBJ Staff and Associated Press
Indiana isn’t part of Best Buy’s plan to close 50 stores, the electronics retail chain announced over the weekend.
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Plan envisions hot growth for downtown IndianapolisRestricted Content

April 14, 2012
Cory Schouten
A study commissioned by the office of Mayor Greg Ballard envisions a much more densely populated, walkable downtown core stretched by several blocks and supported by another Circle Centre mall's worth of retail and enough new office space to double the size of Chase Tower.
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Agency increases effort to help state's artisans sell waresRestricted Content

April 14, 2012
Andrea Muirragui Davis
Three years after budget cuts threatened the state-run Indiana Artisan program, the newly independent organization is moving ahead with ambitious plans to broaden its reach—and help artists and food producers build their businesses.
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Former Mike's Carwash partner seeking $30M

April 10, 2012
Scott Olson
Jerry Dahm is asking a Hamilton Superior Court judge to force the two owners of the company to buy his stake in its real estate arm for more than $26.2 million, on top of another $3.3 million he wants from his share in the car wash chain. The two owners already have agreed to pay him $17.1 million.
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Political worries contribute to robust firearms salesRestricted Content

April 7, 2012
Sam Stall
The presidential election is still a long way off, but large numbers of Indianapolis-area gun owners seem to think Barack Obama is a surefire bet for a second term. Uneasiness over his re-election (and fear that he might push for strict gun control laws) has sparked a run on weapons and ammunition.
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Hendricks County promotes locally owned pizzaRestricted Content

April 7, 2012
Amo Pizza Shop beat out Rock Star Pizza in a competition intended to boost sales for 16 homegrown eateries.
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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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