Retail

Kite buys Castleton Crossing center for $39M

May 1, 2013
The retail center, off East 82nd Street, near Interstate 465 and Allisonville Road, is fully leased and is anchored by HomeGoods, Burlington Coat Factory and Shoe Carnival.
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More franchisees join revolt over Steak n Shake menu pricing

May 1, 2013
Scott Olson
Three franchise owners filed suit last month against Steak n Shake, including two on the same day, challenging the company's policy that they say prohibits them from setting their own menu prices.
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Zionsville's Main Street aims to boost drawing power, charm

April 27, 2013
Andrea Muirragui Davis
Zionsville’s new economic development plan calls for ramping up commercial activity in the predominantly residential community—just not at the expense of the mom-and-pop shops that give the Boone County town its charm.
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More demand for mall space boosts Simon earnings

April 26, 2013
Bloomberg News
The Indianapolis-based owner of retail centers raised its expectations for the fiscal year after reporting solid gains in occupancy, rent revenue and earnings for the first quarter.
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Banks scale back real estate needs as transactions shift online

April 23, 2013
Scott Olson
After zooming higher in the last decade, the number of bank branches in Indiana slipped to 2,056 in 2011, the lowest level since 2006.
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After raid, pet store owner agrees to quit selling animals

April 23, 2013
 IBJ Staff
Animal control officers found hundreds of violations in March at The Fish Bowl, 2101 East Michigan St. The owner plans to continue operating his business as a pet-supply store.
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Senate bill jeopardizes tax-free online shopping

April 22, 2013
Associated Press
States could force Internet retailers to collect sales taxes under a bill that overwhelmingly passed a test vote in the U.S. Senate on Monday.
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Food trucks find patchwork of rules in northern suburbs

April 13, 2013
Andrea Muirragui Davis
As the food truck industry heats up in Indianapolis, leaders of its fast-growing northern suburbs are starting to rewrite the rules of the road.
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Finish Line expects sales to leap in Macy’s deal

April 12, 2013
Scott Olson
Becoming the exclusive athletic footwear partner of the department store chain could increase Finish Line's annual revenue as much as 30 percent, executives say. Finish Line apparel will start appearing in Macy's this weekend.
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Steak n Shake facing new suit over mandatory menu pricing

April 10, 2013
Scott Olson
Another Steak n Shake franchise owner is suing the company over its controversial practice that prohibits restaurants in the chain from setting their own menu prices, even after a federal appeals court sided with a franchisee.
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Simon taps Pace bonds to fund energy projects

April 8, 2013
Bloomberg News
Indianapolis-based Simon Property Group Inc. is among borrowers funding projects from rooftop solar panels to energy-savings systems using so-called Pace financing.
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Mobile boutique takes pop-up retail on the roadRestricted Content

April 6, 2013
Jill McCarter
Heather Hogan Pirowski, owner of Retro 101, is among a growing number of retailers who have chosen the nomadic lifestyle . Looking for an alternative to the fixed overhead of a permanent location, they set up shop at a site for a few days or weeks, then pack up and move on.
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Greenwood pet store stocked with exotic critters

April 5, 2013
Associated Press
From tarantulas to emperor scorpions and monitor lizards, Pandemonium Exotics caters to enthusiasts looking for pets beyond a dog or cat.
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Charlie & Barney's ends 36-year restaurant run

April 3, 2013
Scott Olson
Indianapolis chain Charlie & Barney's, known for its chili, has closed its flagship downtown location, leaving it without a restaurant for the first time since its 1977 founding.
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Appeals court upholds Marsh's $18.2M award from Roche

April 1, 2013
 IBJ Staff, Jennifer Nelson / The Indiana Lawyer
The Indiana Court of Appeals upheld an $18.2 million judgment Monday in favor of Marsh Supermarkets LLC on its complaint alleging that Roche breached a contract to sublease space in the Fishers building that houses Marsh’s headquarters.
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Senators stalling Indiana online sales-tax proposal

March 29, 2013
Associated Press
Some key state senators are sidelining a bill that would make Amazon.com and other online-only retailers start collecting Indiana's 7-percent sales tax this summer.
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Higher payroll taxes take toll on restaurants

March 28, 2013
Associated Press
So far, 2013 has been "a roller coaster ride" for Indiana eateries, according the state trade association's president. Industry observers say a 2-percent increase in the payroll tax is a likely culprit in a nationwide sales decline.
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Finish Line hits snag in new running segment

March 28, 2013
Scott Olson
The athletic footwear and clothing company said Thursday that its fiscal fourth-quarter earnings dropped 18 percent due to lackluster sales at stores open at least a year.
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Local REITs charge ahead of pack in bull market

March 27, 2013
Scott Olson
Indiana real estate investment trusts are hitting new highs while outpacing the bull market and their peers in the usually hardy and suddenly hot sector.
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Whole Foods shelves store slated for Fishers

March 26, 2013
Andrea Muirragui Davis
High-end grocery chain Whole Foods Market Inc. wants to triple the number of stores it operates, but the company has bagged plans for a location on 116th Street in Fishers.
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Bru, Mesh owner planning third eatery in Mass Ave neighborhood

March 26, 2013
Scott Olson
Mike Cunningham has signed a letter of intent to buy a building at 620 N. East St. that he said would house a "new American diner."
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Barron's enthrones Simon among world's best CEOs

March 25, 2013
Mason King
Already one of the most highly regarded CEOs in Indiana and in his industry, David Simon of Simon Property Group now is keeping company with the likes of Warren Buffett, Amazon's Jeff Bezos and Larry Page of Google.
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HHGregg manager sues over company's denial of bonuses

March 23, 2013
Scott Olson
Dwain Underwood charges the retailer should have included in its bonus calculations a $40 million life insurance payout it collected after executive chairman Jerry Throgmartin died last year.
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Two projects would give Nora Plaza a face-liftRestricted Content

March 23, 2013
Scott Olson
The developer of Nora Plaza is planning a $2 million redevelopment of a building that formerly housed Café Nora in the popular north-side shopping center, and anchor Whole Foods is expanding into 5,700 square feet of space north of its existing store.
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Steak n Shake’s value menu isn’t all that looks cheapRestricted Content

March 23, 2013
Greg Andrews
Investors may be undervaluing Biglari Holdings Inc., which owns Steak n Shake outright and holds 20 percent of Cracker Barrel.
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  1. Uh, sorry Johnnie, but you are incorrect. Despite the assertions by yourself and various defenders and captains, sports attendance is NOT off significantly at most sporting events in the US. Variances in attendance has been in the range of single digits, both + & - for years now. MLB has had most of its best overall attendance nubers in the last decade, and that trend has been consistent for most major sporting events. The number one issue cited by most fans when asked about attendance is the overall cost of attending. The presence of HD and big screen televisions in home doesn't even register, as a factor for not attending an event. VALUE in the product is the key, and apparently is something lacking in the current ICS. What other explanation is there when with what is routinely touted as the "best" racing on the planet, fans are staying away in DROVES. A "close" title battle into the last event at Fontana, with the "cars and stars" of the ICS, and who showed up? MAYBE 8K. Sorry, but HD TV isn't to blame for that kind of fan apathy.

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  3. If she was worth the $ the public outcry over direct tv dropping them would have kept them on their dishes as we have seen with other companies. I too quit watching channel 13 after she showed up since I left channel 8 because of her all show rather than production results. When Randy on 8 corrected her she had a big head and incorrectly challenged his correction for pronunciation of a city. Other antics while she matures was too much for me with her very inaccurate forecasts. All the forecasters were predicting rain until Thursday except Chris. They predicted sunny on Thursday but instead of rain until Thursday upon which the sun would finally make it out in full glory Chris was right on the money just as I too predicted looking at the radar on weather.gov. One thing I love about Angela is the fear you can see in her every time it thunders in the winter. It far exceeds the entertainment value of her body language (high heel noise drags, depression, etc) when her forecasts are so incorrect. Her hair stands on end, you have to see it!!!

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