Retailers

Retailer HHGregg suffers rare quarterly loss

August 4, 2011
Scott Olson
The appliance and electronics retailer on Thursday reported a loss of $800,000, or 2 cents per share, in its fiscal first quarter ended June 30—just its second quarterly loss since going public in 2007.
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INSIDE DISH: 'Edibles' team returns with moveable feast

July 29, 2011
Mason King
Dish_Duos_WatchVideoBecky Hostetter and her husband, David, are applying lessons learned from the implosion of Essential Edibles to their new health-conscious food trailer, Duos.
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Prospects bright for Borders replacements

July 26, 2011
Cory Schouten
Brokers expect strong demand from other retailers, in part because the failed bookstore chain carefully chose its real estate, opting for locations near concentrations of affluent and educated consumers.
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Inspections find fewer Indiana underage alcohol sales

July 25, 2011
Associated Press
State inspections found Indiana's bars, restaurants and liquor stores doing a much better job of not selling alcohol to underaged Hoosiers.
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Borders liquidation another blow to retail real estate

July 21, 2011
Bloomberg News
Borders Group Inc.’s proposed liquidation will increase available U.S. retail space by about 6.3 million square feet as the industry struggles with near-record vacancy rates and stagnant rents.
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Irvington scores Ossip, set for streetscape project

July 19, 2011
Tom Harton
The Irvington retail trade area stands to get a big boost from two projects set to begin this fall: Ossip Optometry’s renovation of a historic building and a $2.9M makeover of East Washington Street designed to make the business district a draw for pedestrians.
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Borders turns the final page, will close all stores

July 18, 2011
 IBJ Staff and Bloomberg News
The chain of bookstores will shutter its remaining 399 locations by September, including the few left in central Indiana. Company brass blame the changing book industry, eReader revolution, and turbulent economy.
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Massage franchise expanding Indiana presence

July 13, 2011
Scottsdale, Ariz.-based Massage Envy plans to open nine new locations in Indiana in the next year. Five of those should be in the Indianapolis area.
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McNamara moving from Broad Ripple after 57 years

July 7, 2011
Scott Olson
The florist is moving from the Broad Ripple retail space it has occupied since 1954. Local developer Buckingham Cos., which purchased the property in 2000, is preparing for the redevelopment of Monon Place.
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Mike's unveils new design for new carwashes

July 5, 2011
Kathleen McLaughlin
Two new carwash facilities in Anderson and West Lafayette will bring the Indianapolis-based chain to 39 stores.
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New Marsh exec hopes to grow market share

July 1, 2011
Scott Olson
Marsh Supermarkets has hired grocery executive David C. Siegel to the new position of senior vice president of merchandising and marketing strategic initiatives. He follows new CEO Joseph M. Kelley from Price Chopper in New York.
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INSIDE DISH: Italian eatery tables expansion amid downturn

June 17, 2011
Mason King
Dish_Augustinos_WatchVideoAaron O'Mara, co-owner of Augustino's, expected to open several locales until the economic downturn and a dip in sales scuttled those plans. Now he hopes to hold the line.
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Airport Borders store on bankrupt chain's hit list

June 14, 2011
Maria LaMagna
Indianapolis International Airport officials could know by next week whether the Borders bookstore inside the terminal will survive a third round of store closures tied to the chain’s Chapter 11 bankruptcy proceedings.
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R.Lynda clothing boutique pulls plug on venture before openingRestricted Content

June 11, 2011
 IBJ Staff
Construction of the shop at Traders Point Shopping Center was already underway.
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Locally based Business Furniture expands into Illinois, Iowa

June 11, 2011
Anthony Schoettle
New markets to be added later this year are expected to double the company's sales within five years.
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Eco-friendly downtown supply store closes

June 9, 2011
Chris O'Malley
Green Way Supply, a pioneering green construction products store, has gone out of business, but one of its partners is planning a new building supply store with mix of green and traditional products.
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Magistrate reverses David Marsh deposition ruling

June 9, 2011
Scott Olson
Citing new information, U.S. Magistrate Tim A. Baker now says lawyers for Marsh Supermarkets can depose David A. Marsh, son of the company's former CEO, Don Marsh. Baker previously ruled that he couldn't be deposed.
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Finish Line settles with former employee

June 3, 2011
The Indianapolis-based athletics retailer agreed to pay $38,000 to the worker after the Equal Employment Opportunity Commission claimed it violated federal law by firing her because of a physical disability.
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HHGregg gets 'Help' from Beatles to sell big screens

June 3, 2011
J.K. Wall
The Indianapolis-based retailer launched its first national advertising campaign using the tagline “We Help” and the Beatles song “Help!” as its soundtrack.
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Circle Centre can survive Nordstrom exit, experts sayRestricted Content

May 28, 2011
Cory Schouten
Anchor store Carson Pirie Scott negotiated a new lease in January, giving the downtown mall added stability at a key time.
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Lululemon Athletica, Five Below to open Indianapolis storesRestricted Content

May 28, 2011
 IBJ Staff
Yoga apparel specialist, store geared toward teens plan local presence.
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Nordstrom: Weak sales prompting closure of Circle Centre store

May 26, 2011
Scott Olson
Company President Erik Nordstrom said sales have fallen by half at the Circle Centre mall store since Nordstrom opened a Keystone Crossing location in 2008. The downtown store will close July 31.
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HHGregg's profit, revenue rise, but same-store sales fall

May 26, 2011
 IBJ Staff
Indianapolis-based HHGregg boosted its fourth-quarter profit thanks to 42 stores that opened during 2010, off-setting decreased sales at retail locations operating for more than a year.
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Lawyers for Marsh Supermarkets can’t depose David Marsh

May 23, 2011
Scott Olson
A federal magistrate ruled in favor of David Marsh in an attempt by lawyers for Marsh Supermarkets to depose him in the company's lawsuit against his father, ex-CEO Don Marsh.
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Hoosiers finally score one of Foot Locker's House of HoopsRestricted Content

May 21, 2011
Cory Schouten
Finish Line's main competitor had bypassed Indianapolis at it chose locations for its concept store that sells Nike-brand basketball shoes and apparel.
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  1. How much you wanna bet, that 70% of the jobs created there (after construction) are minimum wage? And Harvey is correct, the vast majority of residents in this project will drive to their jobs, and to think otherwise, is like Harvey says, a pipe dream. Someone working at a restaurant or retail store will not be able to afford living there. What ever happened to people who wanted to build buildings, paying for it themselves? Not a fan of these tax deals.

  2. Uh, no GeorgeP. The project is supposed to bring on 1,000 jobs and those people along with the people that will be living in the new residential will be driving to their jobs. The walkable stuff is a pipe dream. Besides, walkable is defined as having all daily necessities within 1/2 mile. That's not the case here. Never will be.

  3. Brad is on to something there. The merger of the Formula E and IndyCar Series would give IndyCar access to International markets and Formula E access the Indianapolis 500, not to mention some other events in the USA. Maybe after 2016 but before the new Dallara is rolled out for 2018. This give IndyCar two more seasons to run the DW12 and Formula E to get charged up, pun intended. Then shock the racing world, pun intended, but making the 101st Indianapolis 500 a stellar, groundbreaking event: The first all-electric Indy 500, and use that platform to promote the future of the sport.

  4. No, HarveyF, the exact opposite. Greater density and closeness to retail and everyday necessities reduces traffic. When one has to drive miles for necessities, all those cars are on the roads for many miles. When reasonable density is built, low rise in this case, in the middle of a thriving retail area, one has to drive far less, actually reducing the number of cars on the road.

  5. The Indy Star announced today the appointment of a new Beverage Reporter! So instead of insightful reports on Indy pro sports and Indiana college teams, you now get to read stories about the 432nd new brewery open or some obscure Hoosier winery winning a county fair blue ribbon. Yep, that's the coverage we Star readers crave. Not.

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