Retail

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.
More

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.
More

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.
More

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.
More

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.
More

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.
More

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.
More

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.
More

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.
More

Liquor store chain wants to intervene in lawsuit

August 7, 2013
Associated Press
Attorneys for 21st Amendment have filed a motion to intervene in the suit filed by the Indiana Petroleum Marketers and Convenience Store Association and several store owners.
More

Steak n Shake dispute with franchisees reaches to Denver

August 5, 2013
Scott Olson
The locally based burger chain filed suit late last month to stop a Denver restaurant owner from operating under its logo in a spat over menu pricing. The franchisee is countersuing.
More

New retail downtown sitting idleRestricted Content

August 3, 2013
Scott Olson
A flood of downtown apartments coming on the market is leasing up quickly, but much of the attached retail space continues to languish as some begin to wonder whether the residential boom will create enough retail demand.
More

HHGregg reports smaller loss on improving same-store sales

August 1, 2013
Scott Olson
The company reported a loss of $1.3 million, or 4 cents per share, for its latest quarter, compared with a loss of $5.7 million, or 16 cents per share, in the same period a year ago.
More

Centre Properties escapes foreclosure on 12 properties

July 30, 2013
Jeff Newman
Financial terms of the agreements, announced in a written statement, were not disclosed, but the mortgages involve tens of millions of dollars in debt on retail properties spread throughout the area.
More

Don Marsh to keep $2.2M severance from grocery chain

July 30, 2013
Scott Olson
Judge Sarah Evans Barker issued an order allowing Marsh to keep the severance paid by his former company, which attempted to recover the payments from him. The order ends a four-year court battle between the two parties.
More

IPO for giant retail REIT may be biggest since Simon

July 21, 2013
Bloomberg News
The initial public offering of Brixmor Property Group, the second-largest U.S. shopping center landlord, may be the biggest for a retail real estate investment trust since Simon Property Group Inc.’s IPO 20 years ago.
More

Specialty grocer on wish list for MSA development

July 18, 2013
Scott Olson
Flaherty & Collins, the developer of the 28-story tower, "would love to have a Whole Foods" or similar grocer as a retail tenant. With one Marsh two blocks away and another under construction nearby, the project begs the question whether the area can support three groceries.
More

Aging east-side shopping center to be redeveloped

July 8, 2013
Scott Olson
A local developer has received city approval to rezone 10 acres at Fall Creek Parkway and East 56th Street as part of a plan to demolish a mostly vacant retail center and replace it with a 42,000-square-foot anchor grocery store and other shops.
More

Auto dealers turn bullish, snag sites

July 6, 2013
Scott Olson
Local car dealers are investing in projects ranging from new facilities to showroom renovations as the economy improves and the auto industry rebounds from a crippling slump in sales.
More

Cell phone retailer to establish Carmel office, hire 145

July 2, 2013
Mason King
One of the largest private firms in Indiana, Moorehead Communications will occupy a 47,000-square-foot building that it acquired earlier this year. The project will run about $5 million.
More

Kokomo eatery featured on 'Restaurant Impossible'

July 2, 2013
Associated Press
Ducky's Family Restaurant had been a staple in Kokomo for 50-plus years, but recent struggles earned it a spot on the Food Network's "Restaurant Impossible."
More

Big Red Liquors buys south-side building for HQ

July 2, 2013
Scott Olson
The Bloomington-based company followed its acquisition of United Package Liquors by acquiring a vacant, 33,000-square-foot building on U.S. 31.
More

Finish Line sees profit slip on Macy's costs

June 28, 2013
Scott Olson
In addition to announcing quarterly results, the retailer said longtime president and chief operating officer Steve Schneider will move into the position of executive vice president of strategic initiatives.
More

Noble Roman's gets rolling with take-and-bake franchises

June 18, 2013
Mason King
Since October, franchisees have opened the first seven stand-alone, take-and-bake locations—dubbed Noble Roman’s Take-n-Bake P’ZA. Nine more are in development or under construction.
More

Woodard sells Canterbury Hotel to Ohio firm

June 11, 2013
Scott Olson
Local businessman Turner Woodard had owned the upscale downtown hotel since 2010. Terms of the deal with Columbus, Ohio-based RockBridge Capital LLC, a hotel investment firm, were not disclosed.
More
Page  << 1 2 3 4 5 6 7 8 9 10 >> pager
Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
thisissue1-092914.jpg 092914

Subscribe to IBJ
  1. Cramer agrees...says don't buy it and sell it if you own it! Their "pay to play" cost is this issue. As long as they charge customers, they never will attain the critical mass needed to be a successful on company...Jim Cramer quote.

  2. My responses to some of the comments would include the following: 1. Our offer which included the forgiveness of debt (this is an immediate forgiveness and is not "spread over many years")represents debt that due to a reduction of interest rates in the economy arguably represents consideration together with the cash component of our offer that exceeds the $2.1 million apparently offered by another party. 2. The previous $2.1 million cash offer that was turned down by the CRC would have netted the CRC substantially less than $2.1 million. As a result even in hindsight the CRC was wise in turning down that offer. 3. With regard to "concerned Carmelite's" discussion of the previous financing Pedcor gave up $16.5 million in City debt in addition to the conveyance of the garage (appraised at $13 million)in exchange for the $22.5 million cash and debt obligations. The local media never discussed the $16.5 million in debt that we gave up which would show that we gave $29.5 million in value for the $23.5 million. 4.Pedcor would have been much happier if Brian was still operating his Deli and only made this offer as we believe that we can redevelop the building into something that will be better for the City and City Center where both Pedcor the citizens of Carmel have a large investment. Bruce Cordingley, President, Pedcor

  3. I've been looking for news on Corner Bakery, too, but there doesn't seem to be any info out there. I prefer them over Panera and Paradise so can't wait to see where they'll be!

  4. WGN actually is two channels: 1. WGN Chicago, seen only in Chicago (and parts of Canada) - this station is one of the flagship CW affiliates. 2. WGN America - a nationwide cable channel that doesn't carry any CW programming, and doesn't have local affiliates. (In addition, as WGN is owned by Tribune, just like WTTV, WTTK, and WXIN, I can't imagine they would do anything to help WISH.) In Indianapolis, CW programming is already seen on WTTV 4 and WTTK 29, and when CBS takes over those stations' main channels, the CW will move to a sub channel, such as 4.2 or 4.3 and 29.2 or 29.3. TBS is only a cable channel these days and does not affiliate with local stations. WISH could move the MyNetwork affiliation from WNDY 23 to WISH 8, but I am beginning to think they may prefer to put together their own lineup of syndicated programming instead. While much of it would be "reruns" from broadcast or cable, that's pretty much what the MyNetwork does these days anyway. So since WISH has the choice, they may want to customize their lineup by choosing programs that they feel will garner better ratings in this market.

  5. The Pedcor debt is from the CRC paying ~$23M for the Pedcor's parking garage at City Center that is apprased at $13M. Why did we pay over the top money for a private businesses parking? What did we get out of it? Pedcor got free parking for their apartment and business tenants. Pedcor now gets another building for free that taxpayers have ~$3M tied up in. This is NOT a win win for taxpayers. It is just a win for Pedcor who contributes heavily to the Friends of Jim Brainard. The campaign reports are on the Hamilton County website. http://www2.hamiltoncounty.in.gov/publicdocs/Campaign%20Finance%20Images/defaultfiles.asp?ARG1=Campaign Finance Images&ARG2=/Brainard, Jim

ADVERTISEMENT