Retail

Apartments rev up residential revival downtownRestricted Content

January 28, 2012
Cory Schouten
An apartment building spree downtown is getting fresh fuel with an $85 million mixed-use development that will be anchored by a Marsh grocery.
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Former Borders space lands tenant for Super Bowl

January 26, 2012
Scott Olson
South Florida sports agent Howard Jaffe's Barjaf Group is temporarily leasing the space, which will feature a nightclub in which rapper Nelly is set to perform the night before the Super Bowl.
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Meningitis complications felled Throgmartin, family says

January 25, 2012
Meningitis, a rare disorder caused by an infection of the membranes covering the brain and spinal cord, usually can be treated but is sometimes fatal.
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Pet specialty retailer plans 135 jobs in Indiana

January 24, 2012
Pet Supplies Plus said it will add the positions by relocating its warehousing operations from Michigan to Seymour, 60 miles south of Indianapolis.
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Broadbent sells part of Fashion Mall Commons

January 24, 2012
Tom Harton
The 86,634-square-foot building that houses a Kohl's department store fetched $15.3 million, or about $177 per square foot, according to a CoStar Group report.
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Deceased HHGregg chairman oversaw explosive growth

January 23, 2012
Greg Andrews
Jerry Throgmartin helped transform HHGregg from a local electronics retailer into a national player with more than $2 billion in revenue. He died over the weekend while visiting his ranch in Colorado.
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Restaurants and stores plan new Indy locationsRestricted Content

January 21, 2012
 IBJ Staff
Off Broadway Shoes highlights new retailers entering the market.
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Firms of all kinds hope to benefit from Super Bowl spendingRestricted Content

January 21, 2012
Anthony Schoettle
While many of the local companies scoring a Super Bowl windfall predictably will be hotels, restaurants and retail outlets, there will be a cadre of more unlikely winners from one of the world’s biggest sporting events.
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Ryan's, Old Country Buffet parent files for bankruptcy

January 20, 2012
 IBJ Staff and Associated Press
Buffets Restaurants Holdings, which operates at least three restaurants in the Indianapolis area, has filed for Chapter 11 bankruptcy protection for a second time and plans to close 81 underperforming eateries.
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Super Bowl plans set for former Nordstrom space

January 17, 2012
Scott Olson
An after-hours nightclub and a sports apparel shop operated by Indianapolis-based Lids Sports Group will occupy much of the space, dubbed "The Huddle," during the festivities starting on Jan. 27.
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Extras help small firms boost business

January 14, 2012
Andrea Muirragui Davis
Small businesses like KnowSweat Workouts increasingly are adding products and services to keep revenue flowing during tight economic times.
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INSIDE DISH: Noodle readies for Super Bowl rush

January 13, 2012
Mason King
Dish Noodle Watch VideoOwner Hal Yeagy expects at least three months of business over 10 days at the newly nonsmoking Slippery Noodle Inn, and he's spending nearly $300,000 on physical improvements and a temporary tent to make sure it rocks.
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Retail sales weaken in December, but cap a record year

January 13, 2012
Associated Press
For all of 2011, U.S. retail sales totaled a record $4.7 trillion. That was a gain of nearly 8 percent over 2010 — the largest percentage increase since 1999. But the final month of the year was a dud.
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Closed meeting angers wounded store clerk's family

January 11, 2012
Associated Press
The family of a convenience store clerk critically injured in an October shooting harshly criticized an Indiana agency's decision to hold a closed-door meeting Wednesday with trade groups on efforts to boost safety at the 24-hour facilities.
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HHGregg shares sink on disappointing earnings

January 10, 2012
Associated Press
Appliance and electronics retailer HHGregg Inc.'s stock price fell more than 15 percent Tuesday after it reported lower-than-expected earnings for the fiscal third quarter.
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Brugge owners eye downtown buildings for brewery, eatery

January 10, 2012
Tom Harton
Owners of Broad Ripple’s Brugge Brasserie want to bring a new restaurant concept to the Massachusetts Avenue district downtown, where they also plan to relocate the craft brewery that supplies beer to Brugge.
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Edible Arrangements franchisee opens third locationRestricted Content

January 7, 2012
Ann Finch
Retha Parsley owns three franchises for Edible Arrangements, a fruit-bouquet-delivery business, including a new downtown location that also sells in-store dipped fruit, fruit smoothies and fruit parfaits.
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Blakley Corp. hires first outsider CEO

January 3, 2012
Kathleen McLaughlin
Indianapolis-based Blakley Corp., a specialty contractor and home-flooring retailer, has hired the first outsider CEO in the company's 114-year history.
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Retailers to offer football fans unusual merchandise

December 31, 2011
Anthony Schoettle
It’s common for retailers in Super Bowl host cities to bring in a special cache of goods not usually sold in the market.
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Downtown restaurants planning for crowds

December 31, 2011
Sam Stall
Pretty much every eatery in town will be packed from Jan. 27 to Feb. 5. However, with luck, a little savvy and some expert advice, it’s still possible to find a short-notice, sit-down meal.
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Pendleton Pike Kmart, Anderson Sears on closing list

December 29, 2011
 IBJ Staff and Associated Press
Sears Holding Co. said Thursday it will close a Kmart store on Pendleton Pike in Indianapolis and a Sears department store in Anderson as part of a round of closures.
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LEADING QUESTIONS: Expanded Kahn's banks on holidays

December 29, 2011
Mason King
LQ_Arnold_Watch VideoHow much bubbly does Kahn's Fine Wines & Spirits sell at year's end? How have operations changed with the addition of two new stores? Owner Jim Arnold has answers.
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Sears closings shouldn't be big problem for Simon

December 29, 2011
Kathleen McLaughlin
Simon 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.
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Bargain hunters divided holiday shopping season

December 29, 2011
Associated Press
The 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.
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Fatal shooting creates human resources issue for Kroger

December 28, 2011
Associated Press
Kroger 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.
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  1. These liberals are out of control. They want to drive our economy into the ground and double and triple our electric bills. Sierra Club, stay out of Indy!

  2. These activist liberal judges have gotten out of control. Thankfully we have a sensible supreme court that overturns their absurd rulings!

  3. Maybe they shouldn't be throwing money at the IRL or whatever they call it now. Probably should save that money for actual operations.

  4. For you central Indiana folks that don't know what a good pizza is, Aurelio's will take care of that. There are some good pizza places in central Indiana but nothing like this!!!

  5. I am troubled with this whole string of comments as I am not sure anyone pointed out that many of the "high paying" positions have been eliminated identified by asterisks as of fiscal year 2012. That indicates to me that the hospitals are making responsible yet difficult decisions and eliminating heavy paying positions. To make this more problematic, we have created a society of "entitlement" where individuals believe they should receive free services at no cost to them. I have yet to get a house repair done at no cost nor have I taken my car that is out of warranty for repair for free repair expecting the government to pay for it even though it is the second largest investment one makes in their life besides purchasing a home. Yet, we continue to hear verbal and aggressive abuse from the consumer who expects free services and have to reward them as a result of HCAHPS surveys which we have no influence over as it is 3rd party required by CMS. Peel the onion and get to the root of the problem...you will find that society has created the problem and our current political landscape and not the people who were fortunate to lead healthcare in the right direction before becoming distorted. As a side note, I had a friend sit in an ED in Canada for nearly two days prior to being evaluated and then finally...3 months later got a CT of the head. You pay for what you get...

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