Retailers

Simon posts strong quarter on higher mall occupancy

April 22, 2014
Scott Olson
The nation's largest mall owner reported a 16.1-percent increase in first-quarter funds from operations as demand for retail space in outlet centers climbed.
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Wal-Mart jumps into the money-transfer biz, loudly

April 18, 2014
Associated Press
The world's largest retailer introduced a new money-transfer service Thursday that it says will cut fees for its low-income customers by up to 50 percent compared with similar services elsewhere.
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HHGregg shares plummet on warning of weak sales quarter

April 15, 2014
Scott Olson
The Indianapolis-based retailer announced disappointing preliminary sales figures on Tuesday morning for its fiscal fourth quarter, which it blamed on horrendous weather in major markets.
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Monthly retail sales jump by the most in 18 months

April 14, 2014
Associated Press
Sales of autos climbed 3.1 percent while sales at general merchandise stores, a category that covers retailers such as Wal-Mart and Target and department stores, increased 1.9 percent.
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Retailer Coldwater Creek going out of business

April 11, 2014
 Bloomberg News and IBJ Staff
Coldwater Creek Inc., a 362-store women’s clothing chain that has four stores in Indianapolis-area malls, filed a Chapter 11 petition Friday to liquidate inventory in going-out-business sales to begin in time for Mother’s Day.
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Family Dollar to close about 370 stores, cut jobs

April 10, 2014
Associated Press
The discount retailer, which operates nearly 50 stores in Indianapolis, said it will shut down underperforming stores as it tries to reverse sagging sales and earnings.
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Former HHGregg COO hired to lead bicycle retailer

April 1, 2014
Scott Olson
BikeStreet announced Monday that it has hired Gregg W. Throgmartin as its CEO, the same day as his departure from HHGregg became official.
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Shadeland Station shopping center bought for $9.5M

March 28, 2014
New York-based Time Equities Inc. acquired the northeast-side property that is anchored by a Marsh supermarket and 85-percent occupied.
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Finish Line reports rising quarterly, annual earnings

March 28, 2014
A jump in same-store sales and improvements to the sports-apparel retailer's website helped the company report a better-than-expected profit in its fiscal fourth quarter.
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Cabela’s chooses Noblesville for first central Indiana store

March 20, 2014
Scott Olson
The announcement from the Nebraska-based outdoor retailer comes five years after it abandoned plans to build a store near Interstate 65 and County Line Road in Greenwood.
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U.S. retail sales rebound after two slow months

March 13, 2014
Associated Press
Retail sales bounced back in February after suffering a steep decline during a bitterly cold January. Shoppers spent more on autos, clothing and furniture, the Commerce Department said.
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New grocery chain plans three local stores

March 7, 2014
Jeff Newman
Fresh Thyme Farmers Market, a Phoenix-based specialty grocery startup that plans to open its first eight stores this year, has decided on three locations in Indianapolis.
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Office retailer Staples plans to shut down 225 stores

March 7, 2014
Bloomberg News
Staples Inc., the largest U.S. office-supplies retail chain, will close as many as 12 percent of its North American stores and cut as much as $500 million in costs as online competition continues to hurt sales.
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RadioShack closing 1,100 stores as troubles grow

March 4, 2014
Associated Press
The closures represent just the latest setback for RadioShack, which has been struggling to update its image and compete with the rise of online retailers in recent years.
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Indiana mall's 'hoodie' signs offend some patrons

March 2, 2014
 Associated Press and IBJ Staff
The signs at the entrances of the Mounds Mall in Anderson state that, "For the safety & well-being of everyone, please lower your hoodie."
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Zionsville sticks with big-box ban despite growth push

February 15, 2014
Andrea Muirragui Davis
Even as retail development continues to proliferate just outside Zionsville’s borders, town officials say they remain committed to an 8-year-old zoning ordinance banning big-box stores.
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CVS Caremark to stop selling tobacco products

February 5, 2014
Associated Press
The nation's second-largest drugstore chain said Wednesday that it will phase out cigarettes, cigars and chewing tobacco by Oct. 1, a move that will cost it about $2 billion in annual revenue.
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Champps restaurants likely to survive parent's bankruptcy

January 31, 2014
 IBJ Staff and Bloomberg News
The bankruptcy of a Kansas restaurant company has cast uncertainty over the future of its five Indianapolis-area restaurants—three Chammps Americanas and two Fox and Hounds.
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Weak sales lead HHGregg to post smaller profit

January 30, 2014
Scott Olson
Shares of the Indianapolis-based retailer had fallen 18 percent by early afternoon Thursday, after the firm reported slumping sales and profit in its latest quarter.
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Speedway stores cited for beer sales on Christmas

January 30, 2014
 Associated Press and IBJ Staff
Indiana State Excise Police have cited 109 Speedway convenience stores in Indiana, accusing them of illegally selling beer on Christmas.
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Court bars Indianapolis’ hour limits on adult bookstores

January 28, 2014
Indiana Lawyer Staff, Dave Stafford
The 7th Circuit Court of Appeals in Chicago has tossed an Indianapolis ordinance limiting the business hours of adult bookstores from 10 a.m. to midnight Monday through Saturday.
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Giant Eagle store coming to The Bridges in Carmel

January 23, 2014
Scott Olson
The Pittsburgh-based supermarket officially announced that it will build a Market District grocery store in the development, along with a GetGo convenience store and fuel station. The stores should open in 2015.
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Postal Service, union wrangle over Staples outlets

January 20, 2014
Associated Press
The new outlets are staffed by Staples employees, not postal workers, and labor officials say that move replaces good-paying union jobs with low-wage, nonunion workers.
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New grocer's arrival adds to questions about MarshRestricted Content

January 18, 2014
Greg Andrews
Because Pittsburgh-based Giant Eagle wants to enter the Indianapolis market, you'd think it would initiate discussions to buy Marsh Supermarkets, which has been hanging a for-sale banner for years. But a Giant Eagle spokesman said there have been no discussions.
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Holiday sales meet expectations after deep discounting

January 14, 2014
Associated Press
Holiday sales rose 3.8 percent from last year, just shy of the forecast, the National Retail Federation said Tuesday. But sales came at the expense of profit as stores had to discount early and often to get shoppers to spend money.
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  1. John, unfortunately CTRWD wants to put the tank(s) right next to a nature preserve and at the southern entrance to Carmel off of Keystone. Not exactly the kind of message you want to send to residents and visitors (come see our tanks as you enter our city and we build stuff in nature preserves...

  2. 85 feet for an ambitious project? I could shoot ej*culate farther than that.

  3. I tried, can't take it anymore. Untill Katz is replaced I can't listen anymore.

  4. Perhaps, but they've had a very active program to reduce rainwater/sump pump inflows for a number of years. But you are correct that controlling these peak flows will require spending more money - surge tanks, lines or removing storm water inflow at the source.

  5. All sewage goes to the Carmel treatment plant on the White River at 96th St. Rainfall should not affect sewage flows, but somehow it does - and the increased rate is more than the plant can handle a few times each year. One big source is typically homeowners who have their sump pumps connect into the sanitary sewer line rather than to the storm sewer line or yard. So we (Carmel and Clay Twp) need someway to hold the excess flow for a few days until the plant can process this material. Carmel wants the surge tank located at the treatment plant but than means an expensive underground line has to be installed through residential areas while CTRWD wants the surge tank located further 'upstream' from the treatment plant which costs less. Either solution works from an environmental control perspective. The less expensive solution means some people would likely have an unsightly tank near them. Carmel wants the more expensive solution - surprise!

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