Retail

Stout's Shoes still in step after 123 years

December 12, 2009
Brock Benefiel
After more than a century in business, Indianapolis-based Stout’s Footwear Co. isn’t just surviving. It also is proceeding with plans to open a store next year on the city’s north side.
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Espresso Book Machine could open new pages in local retailingRestricted Content

December 12, 2009
Gabrielle Poshadlo
The pricey Espresso prints and binds books while customers wait. But retailers aren't sure what to expect when the the machine gains wider acceptance.
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Retail sales rise more than expected

December 11, 2009
Associated Press
The government's report came as a surprise because the nation's retailers have been reporting generally lackluster results for the start of the holiday shopping season.
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Bloomington panel won't support chain-store ban

December 9, 2009
 IBJ Staff and Associated Press
A task force appointed by Bloomington's mayor will instead look at other options for protecting the small-town character of the city's downtown from standardized chain stores and eateries.
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Bella Vita restaurant planned for Circle Centre

December 8, 2009
Scott Olson
An Italian restaurant whose owner has ties to embattled local businessman Tim Durham is poised to take the first-floor space in Circle Centre mall formerly occupied by Bertolini’s.
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UPDATE: Simon stock jumps on $2.3B acquisition

December 8, 2009
Cory Schouten
Adding the 22-mall portfolio of Baltimore-based Prime Outlets will give Simon a total of 63 outlet malls with more than 25 million square feet of space.
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Patachou owner's pizzeria granted alcohol permit

December 8, 2009
Scott Olson
Café Patachou owner Martha Hoover’s plan to open a pizzeria next to her trademark eatery at 49th and Pennsylvania streets in Indianapolis cleared its final hurdle Monday.
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Revived Marsh Supermarkets goes up for sale

December 5, 2009
Cory Schouten
Florida-based Sun Capital has completed the turnaround of Marsh Supermarkets and now is seeking a buyer for the home-grown chain. CEO Frank Lazaran told IBJ Sun will sell Marsh “when the market is right, financing is right, and someone is willing to pay a fair multiple.”
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General Growth's refinancing plan could thwart Simon

December 3, 2009
 IBJ Staff and Associated Press
General Growth Properties Inc., the nation's second-largest shopping mall operator, said lenders have agreed to restructure about $9.7 billion in debt. The agreements could put a damper on the acquisition aspirations of rival Simon Property Group Inc.
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Alcohol distributor fights decision allowing big competitor into Indiana

November 28, 2009
J.K. Wall
National Wine & Spirits Inc. suffered a staggering reversal of fortune when the Indiana Alcohol and Tobacco Commission ruled Nov. 5 that Southern Wine & Spirits of America Inc. could distribute here.
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Airport plans holiday events to lure traffic to Civic Plaza

November 27, 2009
Associated Press
Entertainment planned for December could put airport visitors in a spending mood. Retail sales at the terminal have suffered this year due in part to a 10 percent drop in passenger traffic, prompting the Airport Authority to search for ways to boost revenue.
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Employers brace for Cyber Monday

November 25, 2009
Scott Olson
More than 53 percent of workers with Internet access, or 68.8 million, are expected to shop online Monday, according to the Washington, D.C.-based National Retail Federation.
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Patachou owner's pizzeria receives variance approval

November 24, 2009
Scott Olson
Cafe Patachou owner Martha Hoover can now move forward with plans to open a pizzeria next to her trademark eatery at 49th and Pennsylvania streets.
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Biglari was persistent in pressing Western Sizzlin deal

November 23, 2009
Greg Andrews
Steak n Shake CEO Sardar Biglari proposed buying Western Sizzlin in January and again in May and advocated the unusual structure of the $39 million transaction.
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Indianapolis looks to Cleveland, Philadelphia for City Market examples

November 21, 2009
 IBJ Staff
The troubled Indianapolis City Market is looking East for a new direction. This summer, its executive director, Jim Reilly, visited Philadelphia and Cleveland to observe their successful urban markets and seek pointers that might be applied here.
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Airport retailers want relief from street pricing policy

November 21, 2009
Chris O'Malley
Airport concessionaires stung by a 10-percent drop in passenger traffic have asked the Indianapolis Airport Authority to ease a policy that was implemented more than 10 years ago to keep prices in line with what consumers pay outside the airport.
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Pizza restaurants in works; wine shop heading to Fishers

November 21, 2009
 IBJ Staff
Hot Box Pizza plans to open a downtown location in the Harness Factory Lofts building, and WineTyme, a new local shop selling wines, craft beers and gourmet food, is coming to Fishers.
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Boot, apparel sales boost Shoe Carnival profit

November 20, 2009
Shoe Carnival Inc.'s quarterly same-store sales, which measure revenue from locations open at least a year, climbed 10.2 percent.
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Failed jewelry retailer to sell millions in inventory

November 16, 2009
Greg Andrews
An old-line Indianapolis jewelry business has shut down, setting the stage for the sale of millions of dollars in remaining inventory through auctions planned in Indianapolis, Chicago, Miami and Naples, Fla.
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Noble Roman's reports profit despite lower revenue

November 10, 2009
Andrea Muirragui Davis
Indianapolis-based Noble Roman's Inc. said late Monday that it posted a third-quarter profit of $459,535, or 2 cents per share—a 44-percent improvement over the same period last year. But revenue for the quarter fell to $1.9 million, from $2.2 million in 2008.
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Former Smith-Holden Music employees open new Bloomington store

November 7, 2009
 IBJ Staff
Two key employees of the recently closed store in downtown Bloomington have opened their own venture, Melody Music Shop.
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HHGregg's quarterly earnings, sales jump

November 5, 2009
HHGregg reported a rise in quarterly profit and sales Thursday morning that exceeded analyst expectations, despite a decrease in same-store sales.
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Bloomington chamber weighs in on chain-store ban

November 4, 2009
Kathleen McLaughlin
The Greater Bloomington Chamber of Commerce is opposing Mayor Mark Kruzan’s proposal to restrict chain stores and restaurants downtown.
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Hat World acquires 37-store Sports Fan-Attic chain

November 3, 2009
Cory Schouten
Locally based Hat World Inc. has agreed to acquire a popular 37-store athletic retail chain in hopes of doing for collegiate and professional sports licensed apparel what Hat World did for headwear.
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Anderson gas-station chain sues BP after 32-store deal sours

October 31, 2009
Peter Schnitzler
Ricker Oil's Oct. 22 suit claims British petroleum giant BP is charging unjustified royalty fees while delivering no boost from its national advertising, its proprietary IT system or its bulk purchase pricing.
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