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Retail
Best Buy's turnaround may pinch HHGregg
April 28, 2012
Cory SchoutenThe struggling electronics chain Best Buy has launched a turnaround strategy that borrows more than a few pages from the playbook
of competitor HHGregg.
MoreCanal Walk popular, but full of opportunities missed
April 28, 2012
Cory SchoutenCity leaders once envisioned the Canal Walk as a bustling pathway lined with restaurants and shops, but residential and office
buildings have sprouted instead on most of the parcels along the meandering 1-1/2-mile stretch--making it more of a local
amenity than a visitor attraction.
MoreINSIDE DISH: Nostalgic Shallos does brisk business swiftly
April 27, 2012
Mason King
The 31-year-old, south-side institution is approaching a potential turning point as it breaks sales records and continues
to hone lightning-quick food prep and table turnover.
Simon boosts dividend after gains in sales, occupancy, rent
April 27, 2012
Cory SchoutenSimon Property Group Inc. said sales at its U.S. malls jumped 11.2 percent in its most recent quarter, to $546 per square
foot. Simon malls were 93.6-percent occupied, up from 93 percent.
MoreLaw change allows entrepreneurs to market homemade food
April 21, 2012
Sam StallMany Indiana home-based food businesses owe their existence to a law enacted in 2009 that allows them to sell certain types
of foods at farmers’ markets and their own roadside stands with minimal state oversight.
MoreCastleton Square will get new stores catering to youth
April 21, 2012
Forever 21 is more than tripling its square footage at the north-side mall by taking the former Borders bookstore space.
MoreEarth Fare grocery replacing Borders at Hamilton Town Center
April 18, 2012
Cory SchoutenAn upscale supermarket chain focused on natural and organic products is taking the former Borders bookstore space at Hamilton
Town Center. The store will be the first in Indiana for the privately held chain.
MoreFinish Line to sell Special Olympics merchandise
April 17, 2012
The agreement to sell the organization's items online and in stores is part of a multiyear partnership in which Indianapolis-based
Finish Line has agreed to lend support to Special Olympics.
MoreIndiana escapes Best Buy's closure plans
April 16, 2012
IBJ Staff and Associated PressIndiana isn’t part of Best Buy’s plan to close 50 stores, the electronics retail chain announced over the weekend.
MorePlan envisions hot growth for downtown Indianapolis
April 14, 2012
Cory SchoutenA study commissioned by the office of Mayor Greg Ballard envisions a much more densely populated, walkable downtown core stretched
by several blocks and supported by another Circle Centre mall's worth of retail and enough new office space to double
the size of Chase Tower.
MoreAgency increases effort to help state's artisans sell wares
April 14, 2012
Andrea Muirragui DavisThree years after budget cuts threatened the state-run Indiana Artisan program, the newly independent organization is moving
ahead with ambitious plans to broaden its reach—and help artists and food producers build their businesses.
MoreFormer Mike's Carwash partner seeking $30M
April 10, 2012
Scott OlsonJerry Dahm is asking a Hamilton Superior Court judge to force the two owners of the company to buy his stake in its real estate
arm for more than $26.2 million, on top of another $3.3 million he wants from his share in the car wash chain. The two owners
already have agreed to pay him $17.1 million.
MorePolitical worries contribute to robust firearms sales
April 7, 2012
Sam StallThe presidential election is still a long way off, but large numbers of Indianapolis-area gun owners seem to think Barack
Obama is a surefire bet for a second term. Uneasiness over his re-election (and fear that he might push for strict gun control
laws) has sparked a run on weapons and ammunition.
MoreHendricks County promotes locally owned pizza
April 7, 2012
Amo Pizza Shop beat out Rock Star Pizza in a competition intended to boost sales for 16 homegrown eateries.
MoreHofmeister seeks financing to emerge from bankruptcy
April 6, 2012
Scott OlsonDespite objections from unsecured creditors, a federal bankruptcy judge granted the jeweler's request to hire an outside
consultant to help it seek alternative financing to repay the balance of a PNC Bank loan.
MoreLocal automobile dealers enjoy big month of sales
April 5, 2012
IBJ Staff and Bloomberg NewsNew car sales nationally rose about 13 percent last month as consumers replaced aging vehicles and took advantage of cheap
financing. Sales were way up for many Indianapolis auto dealers.
MoreLEADING QUESTIONS: Foodie rebukes allure of 'Plan B'
March 30, 2012
What
did the founder of Cafe Patachou learn from Butler's Brad Stevens? Why not try franchises? Martha Hoover responds in Part
II of her IBJ interview.
Finish Line launches running venture, reports strong sales
March 30, 2012
Cory SchoutenThe Finish Line Inc. will partner with a private equity firm to expand its specialty running shops and develop Run.com, the
Indianapolis-based retailer said Friday. The company also reported strong fourth-quarter earnings, but its outlook sent shares
tumbling.
MoreLafayette Square amusement center closes
March 29, 2012
Scott OlsonAmerica's Incredible Pizza Co. shut down on Sunday, leaving a 75,000-square-foot vacancy in the struggling shopping center
on Indianapolis' west side.
MoreINSIDE DISH: Patachou Inc. has full plate with expansion plans
March 28, 2012
Mason King
Founder Martha Hoover expects to open two new restaurants by the end of the year and as many as six more by 2020, including
eateries outside central Indiana.
New hardware store tries to carve out niche near downtown
March 27, 2012
Scott OlsonIn a city and industry dominated by big-box home-improvement chains, North Meridian Hardware owner Keith Payne hopes his independent
store can build a loyal following among downtown's denizens.
MoreEntrepreneurs see early success with new liqueur
March 24, 2012
Andrea Muirragui DavisBlue MF is a vodka-and-rum-based liqueur concocted by three Indiana University fraternity brothers turned entrepreneurs. Their
firm, Indianapolis-based More Fun Liqueur, launched its signature drink in October and now is seeking investors to help fund
expansion.
MoreFrench mall operator looks to Simon for know-how
March 23, 2012
Bloomberg NewsSimon Property Group Inc.’s cutting-edge experience as the biggest U.S. mall owner will help Klepierre SA boost rental
income at its shopping centers, the French company’s CEO says.
MorePurdue graduate takes top job at McDonald's
March 22, 2012
Bloomberg NewsMcDonald’s Corp. said Chief Operating Officer Don Thompson, who grew up in Indianapolis and graduated from Purdue University,
will take over as CEO, becoming the first black chief of the world’s largest restaurant chain.
MoreMike’s Carwash trial awaits closing arguments
March 22, 2012
Lawyers on Wednesday finished presenting evidence to determine the true value of Mike’s Carwash Inc. and how much a
former co-owner should have been paid for his share in the company.
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liek the rest of America
These quaint,obsessed musings by the stalkers are certainly entertaining, but I'm trying to figure out what, if anything, all the yelping below has to do with Zak Brown.
It's evident that Moffett was pushing the right buttons and corporate America is now trying to squash him. He just wanted to withdraw the free pilot services provided to the company by the pilots to try and put some pressure on a company that has not been interested in negotiating a contract in over 5 years. The company does not provide a contract because not having one has saved them a bundle of money. Shame on any Republic pilots not standing behind their union leader just because things are getting tough, can you not see such strategic moves by the company as putting the last union president in a corporate position and into THEIR pocket. Do you really believe the last union president is so appalled at the attempts by Moffett, do you not remember his oppositions to the company? We stood behind him. It has been proven over and over again for thousands of years without fail, a man cannot serve two masters. Anyone that believes people vote contrary to their paycheck and livelihood deserve to be taken advantage of, the recent statements by the former union president are laughable as he denounces the current union president from his new corporate position. Have you ever seen a drafted sports player score points for his previous team, it cannot be done, he is not on the pilots side anymore, he gets his money a different way now than you and I do, and he should not be allowed to remain on the seniority list. A drafted player brings strength, credibility, tactical knowledge, and a strategic advantage to his NEW team, he would not be drafted or paid were it otherwise. We are all forced to choose only one side to play for and support, not doing so has many references in life such as insider trading and shaving points, all illegal for good reason. This basic fact is why corporate moguls, scientist, and engineers all sign non-discloser agreements and non-compete clauses, as protection in case they are lured into switching sides as our former union president has done. No NFL coach ever drafted a player so that both teams could benefit and better understand each other, they are recruited to win the game against that former team, period. Likewise the company does not recruit the former union president by accident or mutual understanding, its strategy. Don't confuse playing the game with good sportsman-like conduct in support of common business and prosperity goals, with the requirement to only play for one side. Good men we all love and favor fall subject to this manipulation, often without their knowledge, and it is not a betrayal of their friendship to oppose them when they switch sides. If we did not love and trust them, they would not have been chosen and lured to the other side in the first place. The deception by the drafted player is not made at a conscious level, it's just human nature and it's all about money and power which corrupts our ability to be objective and loyal to two masters. This is why our court system created the defense attorney, and why our military created counter intelligence. Its strategy and its propaganda, and it works, and that's why the "powers to be" manipulate the chess pieces by sometimes changing their colors. Some players know they are being manipulated when their color is changed, but it brings them more money and power so they do not care. The rest have good intentions but do not even realize they are being manipulated. This tactic is also known by another name, Divide and Conquer. In battle sending an imperfect message with an imperfect team is obviously not ideal, but it's still being sent by YOUR team, your union leader, a leader that has common goals and common rewards with you, they are the best, because we have elected them to do a job for us. If you are not backing Moffett but believing the spin by those that have recently switched sides, you are taking food out of your own mouth. Showing unity and backing an imperfect situation still results in taking just as much ground, it's about unity and bargaining power. It's not necessary to wait around for that perfect attack because it will never come, the company will spin and attempt to destroy anyone that gets in their way. Ultimately it's not about any specific attack anyway, ASAP or whatever it makes no difference, it is and always has been only about power. If this company cared about safety it would not build pairings with 8 hour overnights, come on, are you that naive? Besides, do you really think Hoffa cares, no, he got a call from corporate America and was squeezed into denouncing Moffett. If he didn't they would spin the safety card against him and the Teamsters National with implication for truckers, future contracts, insurance rates etc...saying something like the Teamsters use safety as a bargaining chip, blah blah blah... Do you really think any pilot is going to do something unsafe for the contract, absolutely not, the only ones threatening safety here is the company with reduced rest, fatigue, and poverty. Do you not find it odd that Hoffa and the Teamsters are opposing a Teamster president publicly? Would the Teamsters National not normally support and work with one of their own? Why did they not sit down and help him strategize, correct any mistakes, and charge ahead? Would the Teamsters National not normally support and leverage a contract for all those pilots that have been paying Teamster dues, isn't that why we have all been paying Teamster dues in the first place? I sure haven't been paying dues so that the Teamsters National could come along and write this kind of an article undercutting our union leader and our unity. Whose side is the Teamsters National really on, it's obviously not the Republic pilots side.
No matter what Moffatt does the company is going to spin it like he is the terrorist and brainwash people like you into believing it, wake up, back your players that are trying to change things for you and your livelihood. Where has Hoffa been for the last 6 years, except collecting our dues. Seriously, do you really think an FO going for upgrade, signed off by a checkairman ready for the upgrade, who then fails, is not even capable of returning as a First Officer.
whoa!