Retail

Westfield center brings nearly $3.6MRestricted Content

January 25, 2014
Marcus & Millichap listed the property at 701 E. Main St., which brought nearly $3.6 million, or 95 percent of the asking price.
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Giant Eagle store coming to The Bridges in Carmel

January 23, 2014
Scott Olson
The Pittsburgh-based supermarket officially announced that it will build a Market District grocery store in the development, along with a GetGo convenience store and fuel station. The stores should open in 2015.
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New owners plan changes at Metropolis mall

January 23, 2014
Scott Olson
A joint venture involving a Memphis-based developer has purchased the shopping center in Plainfield and plans to invest millions to update the troubled property. A name change also is a possibility.
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Tougher penalties sought for drug ‘look-a-likes’

January 23, 2014
Ryanne Wise, The Statehouse File
The intent of Senate Bill 305 is to deter retailers and dealers from selling “look-a-like” drugs that are potentially more dangerous than the drugs they mimic.
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Postal Service, union wrangle over Staples outlets

January 20, 2014
Associated Press
The new outlets are staffed by Staples employees, not postal workers, and labor officials say that move replaces good-paying union jobs with low-wage, nonunion workers.
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After 9-year hiatus, Caplinger family opens new fish marketRestricted Content

January 18, 2014
Scott Olson
Veteran seafood operators Nick and Andrew Caplinger opened a shop in December at East 75th Street and Shadeland Avenue that boasts a wide variety of fresh fish.
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New grocer's arrival adds to questions about MarshRestricted Content

January 18, 2014
Greg Andrews
Because Pittsburgh-based Giant Eagle wants to enter the Indianapolis market, you'd think it would initiate discussions to buy Marsh Supermarkets, which has been hanging a for-sale banner for years. But a Giant Eagle spokesman said there have been no discussions.
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Holiday sales meet expectations after deep discounting

January 14, 2014
Associated Press
Holiday sales rose 3.8 percent from last year, just shy of the forecast, the National Retail Federation said Tuesday. But sales came at the expense of profit as stores had to discount early and often to get shoppers to spend money.
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Archiver's chain closing all stores, including two in Indy

January 13, 2014
 IBJ Staff
The closures will cost 21 local employees their jobs in mid-February.
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Indiana gold dealers operate under new rules

January 13, 2014
Associated Press
Indiana "cash for gold" dealers now must register with the secretary of state and local police as part of a new state law designed to help authorities track stolen jewelry.
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Napolese nibbles on national expansionRestricted Content

January 11, 2014
Scott Olson
Local restaurateur Martha Hoover plans to take her Napolese chain national with help from Simon Property Group Inc.
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Pupils learn to talk fast, sell well in auctioneering school

January 11, 2014
Sam Stall
Melissa Davis is a third-generation auctioneer and president of Reppert School of Auctioneering. She helps lead quarterly courses running 10 days straight.
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Hat World plans include new HQ, hiring 758 workers

January 10, 2014
Scott Olson
The Indy-based retailer that operates nationally as Lids plans to build a 150,000-square-foot headquarters in Zionsville, beef up local distribution operations, and go on a major hiring spree.
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Lids parent plans 'major' jobs announcement

January 10, 2014
 IBJ Staff
The Governor's office said it plans to make "a major economic development announcement" Friday morning "regarding hundreds of new jobs for Hoosiers" at the headquarters of Hat World Inc.  in Indianapolis.
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Marsh to shut down 8 stores by end of month

January 9, 2014
Scott Olson
The closings, which include five in the Indianapolis market, will leave the chain with 78 stores in two states.
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HHGregg reports disappointing holiday sales

January 6, 2014
Scott Olson
The Indianapolis-based electronics and appliance retailer said its fiscal third-quarter sales during the holiday season were hurt by competitors offering deeper discounts.
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Car guy falls in love with Tesla after visiting new local dealership—and taking a drive

January 4, 2014
Chris O'Malley
The new electric-powered Tesla Model S corners a lot like a Lamborghini and has more than twice the range of a Nissan Leaf.
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Circle Centre nears deals for Burger Palace, Yard House, LA Fitness

January 3, 2014
Scott Olson
Three prominent restaurant chains, including one developed by Bobby Flay, and a health club franchise are eying the vacant space formerly occupied by Nordstrom in Circle Centre.
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Cord Camera to close remaining Indianapolis store

January 1, 2014
Associated Press
A camera business that once had more than 30 locations in Ohio and Indiana is closing six of its remaining eight stores in the face of dropping sales and increased use of smartphone cameras.
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Target says customers' encrypted PINs were stolen

December 27, 2013
Associated Press
The retailer claims the PIN numbers of some 40 million customers are safe and secure, but a security consultant counsels changing the access codes.
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Steak n Shake cooks up expansion plan for Saudi Arabia

December 27, 2013
 IBJ Staff
The Indianapolis-based burger chain has growth plans far afield of its base of operations in the Midwest, intending to open 50 restaurants in the Middle Eastern country.
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HHGregg's CFO to depart in January

December 26, 2013
Mason King
Jeremy J. Aguilar plans to take a similar position with another company, the Indianapolis-based retailer announced Thursday.
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Holiday sales at stores down for third consecutive week

December 23, 2013
Associated Press
Compared with last December, shoppers are more choosy this year and holding back on spending at brick-and-mortar locations. But even online sales are running below their expected growth rate.
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Rebranding of bird-food retail chain ups emphasis on core product

December 21, 2013
Sam Stall
Wild Birds Unlimited recently unveiled a new marketing program encompassing everything from revamped store design to new staff training to a rebalancing of the product line. The idea was to place less emphasis on gift items and more on the store’s core product—birdseed.
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Finish Line sees strong quarterly profit on big revenue rise

December 20, 2013
The company rebounded in its fiscal third quarter from a loss in the year-ago period, thanks in part to strong same-store sales and improvements in e-commerce sales.
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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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