Retail

Kmart closing Martinsville store

August 12, 2009
 IBJ Staff
Kmart Corp. has notified the Indiana Department of Workforce Development that its Martinsville store will close Nov. 30, costing 48 employees their jobs.
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Steak n Shake posts profit, rise in customer traffic

August 11, 2009
Scott Olson
Steak n Shake Co. late yesterday reported strong profit and big increases in customer traffic and same-store sales for its fiscal third quarter, which ended July 1.
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Noble Roman's profit up, revenue down

August 11, 2009
 IBJ Staff
Noble Roman’s Inc. late yesterday reported a larger profit in the second quarter, primarily due to its continuing efforts to cut expenses by replacing company-owned restaurants with franchises.
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Large HHGregg investor ups stake, surprising analystsRestricted Content

August 10, 2009
Greg Andrews
HHGregg Inc. shares have enjoyed a spectacular runup this year. But the company’s biggest shareholder is making a huge bet that the good times are only beginning.
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Purdue prof: 'Clunkers' could stall retail sales

August 5, 2009
Kim Puckett
The federal 'Cash for Clunkers' program has opened a floodgate of car sales that President Obama says is a much-needed boost for the economy. But retailers may feel the negative effects of America's collective investment in new cars, predicts a Purdue Retail Institute researcher.
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Purdue prof: 'Clunkers' could stall retail sales

August 5, 2009
Kim Puckett
The federal "Cash for Clunkers" program has opened a floodgate of car sales that President Obama says is a much-needed boost for the economy. But retailers may feel the negative effects of America's collective investment in new cars, predicts a Purdue Retail Institute researcher.
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Marsh extends olive branch to angry followers

August 4, 2009
Marsh Supermarkets late yesterday issued a mea culpa after it stopped honoring a $10 coupon just days after introducing the online promotion.
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Marsh promotion cancellation sparks anger

August 3, 2009
Scott Olson
Marsh Supermarkets’ decision to stop honoring a $10 online coupon just days after introducing the promotion has angered hundreds of followers of the grocer’s Facebook page.
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Marsh promotion cancellation sparks anger

August 3, 2009
Scott Olson
Marsh Supermarkets' decision to stop honoring a $10 online coupon just days after introducing the promotion has angered hundreds of followers of the grocer's Facebook page.
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HHGregg growing too fast?

August 3, 2009
 IBJ Staff
The fast-growing locally based electronics retailer HHGregg Inc. has seen its stock price rocket more than 80 percent this year as it moves to take advantage of the bankruptcy liquidation of rival Circuit City.
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Downturn provides opportunity for restaurants hungry for expansionRestricted Content

August 3, 2009
Cory Schouten
The economic slump is giving independent local restaurants a shot at prime locations that in good times would be snapped up by chains.
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Two Indianapolis restaurants closeRestricted Content

July 20, 2009
 IBJ Staff
Sister eateries Café Nora and Ruth’s Keystone Cafe have closed, owner Jim Nethercott said.
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Smith & Hawken going out of business

July 15, 2009
 IBJ Staff
Upscale garden retailer Smith & Hawken will close all of its stores by the end of the year, including its Indianapolis location on River Crossing Boulevard near the Fashion Mall.
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Conrad Indianapolis adding wine bar, sidewalk diningRestricted Content

July 13, 2009
Cory Schouten
Plans are in the works for a wine bar called Tastings that would take the first-floor corner space at the Conrad Indianapolis. The $1 million project would add an entrance to the luxury hotel at the northeast corner of Washington and Illinois streets and include a total of 80 outdoor seats along both streets, in the shadow of the Artsgarden.
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MainGate takes on VikingsRestricted Content

July 13, 2009
 IBJ Staff
Indianapolis-based merchandiser MainGate Inc. continues scoring deals with National Football League teams. On July 7, company officials announced they had signed a 10-year deal to be the exclusive retail and merchandising company for the Minnesota Vikings.
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New restaurants planning to open this monthRestricted Content

July 13, 2009
 IBJ Staff
New restaurants include Iozzo’s Garden of Italy, slated to open July 17 at 946 S. Meridian St., in the former home of Leland’s and Cafe@Ray. The owner’s grandfather in the 1940s owned an 800-seat restaurant of the same name where the Hyatt Regency now stands.
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Steak n Shake sales, traffic rise

July 8, 2009
 IBJ Staff
Steak n Shake Co. yesterday reported big increases in customer traffic and same-store sales for its fiscal third quarter, which ended July 1. Customer traffic rose 13.4 percent and same-store sales jumped 5 percent in the quarter compared to the same period a year ago, it said in a brief Securities and Exchange filing.
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HHGregg accelerates store-opening plans

July 8, 2009
Scott Olson
HHGregg Inc. said this morning that the bankruptcy of competitor Circuit City should enable the company to open more stores within the next few years than previously expected.
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Keystone Construction plans Madison Avenue retail center

July 7, 2009
Cory Schouten
A local developer is planning a retail strip center along Madison Avenue just south of downtown in a neighborhood that's been begging for investment for years. The plans by Keystone Construction Corp. call for a 25,000-square-foot retail center at 1400 Madison Ave., across from Sisters' Place Restaurant.
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Carmel tech firm takes coupons into digital eraRestricted Content

July 6, 2009
Chris O'Malley
Carmel-based mobile marketer Tetherball has deployed a program using a radio frequency identification device that can measure in detail to what extent customers redeem loyalty and rewards offers.
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Clean air strategy: Some nightspots opt to tighten smoking rulesRestricted Content

June 29, 2009
Kathleen McLaughlin
Coaches Tavern, MacNiven's Restaurant and Bar, and The Jazz Kitchen are among Indianapolis bars that recently limited or banned smoking. Those establishments join a short list of bars that already buck the trend in Indianapolis. Smoking in public places, including restaurants, has been banned in Marion County since 2006, but it's still OK to puff away in places that don't admit minors.
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Indianapolis loses two Bally fitness centersRestricted Content

June 29, 2009
 IBJ Staff
The closures come as the parent company reorganizes and competitors pump up their local presence.
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Spicy Pickle sued for unpaid rent at Castleton SquareRestricted Content

June 8, 2009
 IBJ Staff
Simon Property Group Inc. has filed suit against Spicy Pickle franchisee AJ Enterprises LLC, seeking more than $977,000 in unpaid rent for a prime space at Castleton Square Mall.
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Simon adds to its stake in British mall ownerRestricted Content

June 8, 2009
 IBJ Staff
Locally based Simon Property Group Inc. has added 18.6 million shares to its stake in the United Kingdom's largest owner of shopping malls, Liberty International Plc.
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Building off Circle finally lands a tenantRestricted Content

June 1, 2009
T-Mobile has inked a five-year lease for a 2,200-square-foot space at the 2 N. Meridian St. building on the northwest corner of Washington and Meridian streets.
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  1. why oh why does this state continue to elect these people....do you wonder how much was graft out of the 3.8 billion?

  2. i too think this is a great idea. I think the vision and need is there as well. But also agree with Wendy that there may be better location in our city to fulfill this vision and help grow the sports of hockey and figure skating in Indy. Also to help further develop other parts of the city that seem often forgotten. Any of the other 6 townships out side of the three northernmost could benefit greatly from a facility and a vision like this. For a vision that sounds philanthropic, the location is appears more about the money. Would really like to see it elsewhere, but still wish the development the best of luck, as we can always use more ice in the city. As for the Ice growth when they return, if schedules can be coordinated with the Fuel, what could be better than to have high level hockey available to go see every weekend of the season? Good luck with the development and the return of the Ice.

  3. How many parking spaces do they have at Ironworks? Will residents have reserved spaces or will they have to troll for a space among the people that are there at Ruth Chris & Sangiovese?

  4. You do not get speeding ticket first time you speed and this is not first time Mr.Page has speed. One act should not define a man and this one act won't. He got off with a slap on the wrist. I agree with judge no person was injured by his actions. The state was robbed of money by paying too much rent for a building and that money could have been used for social services. The Page family maybe "generous" with their money but for most part all of it is dirty money that he obtained for sources that are not on the upright. Page is the kind of lawyer that gives lawyers a bad name. He paid off this judge like he has many other tine and walked away. Does he still have his license. I believe so. Hire him to get you confiscated drug money back. He will. It will cost you.

  5. I remain amazed at the level of expertise of the average Internet Television Executive. Obviously they have all the answers and know the business inside and out.

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