Retail

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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Up to 120 Sears, Kmart stores set for closure

December 27, 2011
 IBJ Staff and Associated Press
Between 100 and 120 Sears and Kmart stores will be closed, the retailer said Tuesday, after terrible holiday sales during what is the most crucial time of the year for retailers.
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Police called to control rowdy shoe shoppers

December 23, 2011
Local police were called to two Indianapolis malls to control crowds waiting to purchase the newest generation of Air Jordan basketball shoe. Similar incidents have been reported nationwide.
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INSIDE DISH: Patrick's finds room at the Inn in 'X-mas miracle'

December 23, 2011
Mason King
Dish_Patricks_Watch_VideoBeth Dickerson and Patrick Mullen had one month to find a new home for their struggling restaurant and move. A lucky break at Brick Street Inn and dozens of patrons (straight out of "It's a Wonderful Life") helped make it happen.
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Krieg Bros. building sold to owner of nearby structure

December 22, 2011
Buyer Rick Coombes also owns the building at 111 S. Meridian St., the former home of Brenner Luggage, located just north of where the religious store operated for decades.
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Finish Line got strong start to holiday season

December 22, 2011
For the three-week period ended Dec. 18, the Indianapolis-based athletic apparel retailer said sales in stores open at least a year increased 7 percent from the same time last year. For the entire quarter, company profit increased 35 percent, to $5.5 million.
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Cracker Barrel rebuffs Biglari

December 20, 2011
 IBJ Staff
Cracker Barrel shareholders appear to have rejected Sardar Biglari’s move to join the restaurant chain’s board, but stopped short of passing a “poison pill” plan that would deter outside investors from taking over the business.
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Deceased HHGregg executive prospered in tough industryRestricted Content

December 17, 2011
Greg Andrews
Jerry Throgmartin, 57, died Jan. 22, 2012, at the age of 57. His family said he died from complications of meningitis—an infection that leads to inflammation of the membranes covering the brain and spinal cord.
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  1. With Pence running the ship good luck with a new government building on the site. He does everything on the cheap except unnecessary roads line a new beltway( like we need that). Things like state of the art office buildings and light rail will never be seen as an asset to these types. They don't get that these are the things that help a city prosper.

  2. Does the $100,000,000,000 include salaries for members of Congress?

  3. "But that doesn't change how the piece plays to most of the people who will see it." If it stands out so little during the day as you seem to suggest maybe most of the people who actually see it will be those present when it is dark enough to experience its full effects.

  4. That's the mentality of most retail marketers. In this case Leo was asked to build the brand. HHG then had a bad sales quarter and rather than stay the course, now want to go back to the schlock that Zimmerman provides (at a considerable cut in price.) And while HHG salesmen are, by far, the pushiest salesmen I have ever experienced, I believe they are NOT paid on commission. But that doesn't mean they aren't trained to be aggressive.

  5. The reason HHG's sales team hits you from the moment you walk through the door is the same reason car salesmen do the same thing: Commission. HHG's folks are paid by commission they and need to hit sales targets or get cut, while BB does not. The sales figures are aggressive, so turnover rate is high. Electronics are the largest commission earners along with non-needed warranties, service plans etc, known in the industry as 'cheese'. The wholesale base price is listed on the cryptic price tag in the string of numbers near the bar code. Know how to decipher it and you get things at cost, with little to no commission to the sales persons. Whether or not this is fair, is more of a moral question than a financial one.

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