Retailers

Analysts react positively to Finish Line purchase

September 1, 2011
Scott Olson
The Indianapolis-based retailer's acquisition of an 18-store specialty running chain should produce better results than some past miscalculations, analysts say.
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Finish Line acquires 18-store chain for $8.5M

September 1, 2011
The Indianapolis-based athletics retailer acquired the chain in order to enter the specialty running market. The stores are located primarily in the eastern part of the country.
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Circle Centre wants Cinnabon out of mall

August 29, 2011
Scott Olson
A lawsuit filed by the downtown Indianapolis mall accuses Cinnaworks LLC, a franchisee of Cinnabon, of failing to pay its $6,751-per-month rent.
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Marsh outsourcing distribution to East Coast firm

August 22, 2011
 IBJ Staff
Marsh Supermarkets Inc. plans to outsource distribution services for all 97 of its stores to C&S Wholesale Grocers Inc. Marsh said 250 logistics workers will become employees for C&S.
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HHGregg shares plunge after rare quarterly loss

August 4, 2011
Cory Schouten
Shares of electronics and appliance retailer HHGregg Inc. slumped more than 18 percent Thursday morning, to a two-year low, after the chain reported its first quarterly loss in four years.
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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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  1. On my rental property, before tax caps, I was paying $2,000/yr in property taxes. After the tax caps I'm paying $4,000/yr. How exactly am I "benefiting the most"?

  2. Nick, I too tried that new Walmart NM on Michigan a couple of weeks ago. I had the same feeling, it had good prices, but something was just off about it. I can't put my finger on what it is, but it just didn't feel right. On the plus side, it was easy to get in and out of and much less busy than a typical Walmart.

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  5. So the GOP legislature passed a bill that gave big breaks to business at the expense of Indiana families. Color us not surprised.

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