Retail

Car dealers curtail advertising boastsRestricted Content

October 5, 2013
Chris O'Malley
Efforts by trade groups such as the Automobile Dealers Association of Indiana—and, more formidably, a recent crackdown by the Federal Trade Commission—have discouraged the use of potentially misleading ads.
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City delays decision on Broad Ripple project

October 2, 2013
 IBJ Staff
Due to absences on the Indianapolis Metropolitan Development Commission, attorneys for both sides of the issue on Wednesday agreed to continue the controversial rezoning request to the group's Oct. 16 meeting.
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Councilor takes aim at Browning's Broad Ripple apartment project

October 1, 2013
Kathleen McLaughlin
At-large City-County Council member Zach Adamson says that even if the apartments-and-grocery project gets an OK from city development officials on Wednesday, he might force an additional hearing.
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Analysts predicting slow holiday shopping season

October 1, 2013
 IBJ Staff and Associated Press
The holiday period is particularly important for retailers this year since spending was weak during the back-to-school shopping period, the second-busiest shopping months of the year.
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RV exec seeking new start in IndyRestricted Content

September 28, 2013
Dan Human
A member of one of the recreational vehicle industry’s elite families hopes to get a fresh start in Indianapolis by launching a manufacturer of super-high-end RVs.
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Indianapolis Motor Speedway takes bids for food, souvenirsRestricted Content

September 28, 2013
Anthony Schoettle
The Indianapolis Motor Speedway has put its merchandise and food and beverage contracts up for bid for the first time in its 104-year history.
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Finish Line shares surge after jump in profit

September 27, 2013
 IBJ Staff
New products from apparel makers such as Nike helped drive up earnings 6.1 percent in the fiscal second quarter, the Indianapolis-based retailer announced Friday morning. A deal with Macy's also is paying off.
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New vision for Eastgate includes solar farm

September 21, 2013
Kathleen McLaughlin
A former east-side shopping mall will soon be covered in solar panels, possibly the most transformative of property owner Alex Carroll’s various redevelopment efforts.
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Biglari shareholder loses bid to stop $75M stock offering

September 20, 2013
Scott Olson
A federal judge rejected the shareholder's motion claiming that the offering would enable CEO Sardar Biglari to unfairly increase his ownership in the company. Biglari Holdings is the parent of Indianapolis-based Steak n Shake.
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Slower holiday sales growth predicted for 2013

September 17, 2013
Associated Press
Holiday shopping is likely to be hurt by the lackluster economy. In addition, there's a shorter shopping window between Black Friday and Christmas. Last year, there were 32 days during the period and this year there are 25.
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Online retailer Newegg plans big distribution center

September 13, 2013
Kathleen McLaughlin
Newegg.com is considering a $15 million distribution center in Indianapolis that would employ 150 people by the end of 2015.
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Mall owners go from first to last in REIT market

September 13, 2013
Bloomberg News
Shopping mall owners like Simon Property Group, the best-performing U.S. property stocks for four years, have tumbled to the worst as sluggish retail sales and limited opportunities to expand drive investors to look elsewhere for earnings growth.
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Marsh Supermarkets, former CEO spar over attorney fees

September 12, 2013
Scott Olson
The company and Don Marsh each want the other to pay legal bills that, coincidentally, total about $1.7 million each. They stem from a bitter court battle between the two that concluded in July.
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Tesla luxury electric car seeking outpost at Fashion MallRestricted Content

September 7, 2013
Scott Olson
Tesla Motors Inc. is eyeing space in the Fashion Mall at Keystone and is seeking a zoning variance to sell cars there and to install charging stations within the parking garage.
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Wal-Mart steps up grocery ambitionsRestricted Content

August 31, 2013
Scott Olson
The Indianapolis grocery market is about to become even more competitive, as discount giant Wal-Mart embarks on a strategy to offer consumers a store design much cozier than its cavernous supercenters.
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Lids tries to regain glory following fashion shiftRestricted Content

August 31, 2013
Greg Andrews
Genesco’s hat unit now has reported four consecutive quarters of declining same-store sales—an unusual malaise for a business that from 2001 to 2006 posted a miraculous 19 straight quarters of increased same-store sales.
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Indy joins national protest over fast-food wages

August 29, 2013
 IBJ Staff and Bloomberg News
Fast-food workers in 50 U.S. cities, including Indianapolis, plan to walk off the job Thursday in an attempt to ratchet up pressure on McDonald’s Corp., Wendy’s Co. and others to raise wages.
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HHGregg strategy shift vaults stock to 52-week high

August 22, 2013
Scott Olson
The Indianapolis-based appliance and electronics retailer's stock hit a sort of milestone Tuesday, closing above $18 for the first time since early 2011.
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Tepid U.S. retail sales spark concern about economy

August 15, 2013
Associated Press
Bleaker outlooks at retailers like Wal-Mart and Macy's are raising doubts that consumers will spend enough in coming months to lift the still-subpar U.S. economy.
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Broad Ripple apartment project gets preliminary approval

August 15, 2013
Scott Olson
The controversial residential-and-retail development along the Central Canal got the nod from a city hearing examiner on Thursday. A zoning change and variances for the project still require additional approval.
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Indy-based Lids to open 200 outlets in Macy's stores

August 14, 2013
 IBJ Staff
The arrangement is considered an inexpensive way to expand Lids' reach into large, sports-centric cities. But Wednesday's earnings report from Macy's indicates consumers aren't spending as much on apparel.
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Simon suffers setback in antitrust suitRestricted Content

August 10, 2013
Cory Schouten
A federal lawsuit alleging monopolistic behavior by Simon Property Group Inc. likely will proceed to trial after a federal judge in South Bend denied a motion by the Indianapolis-based mall giant to dismiss the 3-year-old case.
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Indiana lawsuit about cold beer sales faces uphill battleRestricted Content

August 10, 2013
Scott Olson
States are viewed as having wide latitude to regulate alcohol sales.
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Retailers see slow start to back-to-school season

August 9, 2013
Associated Press
Shoppers are holding off on back-to-school shopping, and those who delay long enough might be rewarded with some steep discounts from desperate retailers.
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Meijer plans to hire more than 9,000 in five states

August 8, 2013
 IBJ Staff, Associated Press
The Grand Rapids-based company says it wants to hire 1,800 in Indiana. Most of the new positions will be part-time.
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