Retailers

Longtime City Market tenant fighting move

April 18, 2011
Scott Olson
Enzo Pizza is refusing to vacate its space in the historic structure and is suing to stop construction to convert the east wing, where it's located, into a bicycle hub.
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Pop-up retailers emerging in Indianapolis

April 16, 2011
Marc D. Allan
With the retail vacancy rate hovering around 13 percent locally and nationally, temporary retailers are becoming a fact of life in malls, strip malls and downtowns around the country.
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Amusement center set for Clearwater area

April 15, 2011
Cory Schouten
An entertainment venue featuring a bowling alley, concert hall and restaurant is set to replace a vacant movie theater.
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Landlord seeking to evict Jillian's over unpaid rent

April 15, 2011
Scott Olson
The landlord of the downtown building that houses Jillian's, which filed for bankruptcy protection earlier this week, wants the restaurant and entertainment complex out of its building, alleging the tenant owes nearly $700,000.
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Hofmeister jewelry business files Chapter 11

April 15, 2011
The northeast-side retailer listed assets of nearly $3.8 million and liabilities of $5.4 million. Much of the debt includes a bank loan and money owed to suppliers for inventory.
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Downtown Jillian’s restaurant owner files Chapter 11

April 13, 2011
Scott Olson
Locally based FB&F Entertainment LLC, which operates downtown restaurant and entertainment complex Jillian's, lists no assets and liabilities of nearly $2.2 million.
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Marsh CEO Lazaran leaving company; successor picked

April 13, 2011
 IBJ Staff
Supermarket News, citing unnamed industry sources, reported late Tuesday that former Price Chopper executive vice president Joseph Kelley would replace Frank Lazaran, who has been CEO of Marsh Supermarkets since 2006.
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Indiana retailers press for online state sales tax

April 11, 2011
Associated Press
Indiana's retail lobby urged state lawmakers Monday to pass an online sales tax provision that they said would level the playing field for businesses in the state and raise hundreds of millions of dollars in revenue.
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J.C. Penney closing warehouse, cutting 230 jobs

April 7, 2011
Associated Press
J.C. Penny Co. says it plans to close a warehouse in Plainfield by September 2012.
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Lawmakers still at odds over alcohol ID age requirement

April 7, 2011
Associated Press
Indiana legislators are disagreeing about how old someone should look before they have to provide identification when buying alcohol.
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Hardware store slated for Meridian Street building

April 5, 2011
Scott Olson
City grants approval Tuesday morning for the reuse of Meridian Street building that WFYI vacated in May 2008.
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LOU'S VIEWS: The closing of Borders ... read it and weep

March 26, 2011
Lou Harry
The coffee smell dissipates. The signs drop from 25%-50% off to 40%-60% off. Shelves of books migrate from soon-to-be-closed-off sections to empty shelf space elsewhere, causing category labels to lose their meaning. Customers linger, wondering if a novel unworthy of their $24 might be worthy of $12. This is how it ends for Indianapolis’ only downtown full-service bookshop.
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Toning-shoe trend fading, but doesn't trip up Finish Line

March 25, 2011
Cory Schouten
The toning trend in athletic shoes apparently has run its course. Sales of the oddly shaped shoes fell more than 45 percent in the fourth quarter for The Finish Line Inc., but the local retailer still posted improved profit and revenue.
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Finish Line reports rise in quarterly earnings, sales

March 25, 2011
Associated Press
The Indianapolis-based retailer earned $34.3 million in its fiscal quarter, compared with $30.6 million a year ago. Revenue rose 2.7 percent, to $384.6 million.
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Luna Music closes Mass Ave. store

March 24, 2011
Scott Olson
Closure leaves locally owned independent record shop with one location, in Meridian Kessler, as the industry struggles to compete with digital downloading.
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Altum’s staying put at current west Carmel location

March 23, 2011
Scott Olson
The nursery on Michigan Road had planned to move to a smaller piece of land about four miles north, but hasn't found a buyer. Kroger nixed a deal to buy its property last fall.
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STYLE: A pair of local designers rack up retail space

March 19, 2011
Gabrielle Poshadlo
While most local designers have thus far forgone the operating cost of a brick-and-mortar boutique, these opt for a tangible location
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Borders closing another local bookstore

March 18, 2011
 IBJ Staff
The Ann Arbor, Mich.-based bookstore chain, which filed for Chapter 11 bankruptcy reorganization last month, announced yesterday it would close the Border’s store in the Shops at River Crossing near the Fashion Mall.
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Shoe Carnival reports record annual profit

March 18, 2011
The Evansville-based shoe and apparel retailer said it earned $26.8 million in its last fiscal year. The company also reported record same-store sales.
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Retail chain Family Leisure finding new identityRestricted Content

March 12, 2011
Cory Schouten
Recreational product superstore Family Leisure changed its name from Watson's two years ago, but it could take years before the company led by Kevin Prefontaine builds the kind of brand equity tied up in the old name.
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Law student taps connections for shoe startup

March 11, 2011
Kathleen McLaughlin
Arsene Millogo is sitting out the current semester at IU School of Law-Indianapolis to work on his own line of running shoes, a startup he and three friends financed with more than $50,000 of their own money.
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Retail sales up 1 percent in February

March 11, 2011
Associated Press
Shoppers snapped up new cars, clothing and electronics gadgets in February, pushing retail sales up for the eighth straight month.
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INSIDE DISH: Arsenal owners' ploy is gaming plus grubbing

March 4, 2011
Mason King
Arsenal_WatchVideoGameroom lords Andrew Chang and Troy Branam want players to come for Dungeons & Dragons and stay for the Wizards Gumbo.
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Appellate court upholds state alcohol permit quotas

March 4, 2011
Scott Olson
Judges' decision deals blow to state's package liquor stores, which sought to stop the Indiana Alcohol and Tobacco Commission from issuing new permits until the judges could clarify state quota laws.
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Blockbuster selling movie-rental chain to creditors

February 22, 2011
 IBJ Staff and Bloomberg News
The bankrupt chain will immediately close 609 stores. The company declined to comment on whether any of the 20-some stores in the Indianapolis area will be among the casualties.
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