Retailers

Santorini owner vows to rebuild after fire

October 12, 2010
Scott Olson
An early-Tuesday blaze destroyed the Fountain Square restaurant that Taki Sawi opened in 2001. Fire officials estimate damage between $800,000 and $900,000.
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Finish Line introduces in-store kiosks to make custom T-shirts

October 9, 2010
Cory Schouten
Finish Line is testing touch-screen customization kiosks at its Greenwood Park Mall store. The kiosks, which look like oversize iPads, produce an individualized Nike T-shirt in about 15 minutes.
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Biglari adjusts controversial pay proposal

October 1, 2010
Cory Schouten
The parent company of Steak n Shake restaurants has scaled back a controversial pay package for its CEO in hopes of securing shareholder approval of the plan at a rescheduled special meeting.
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Colts may look to sell souvenirs through vending machines

September 28, 2010
Anthony Schoettle
Locally based MainGate is testing the new NFL merchandise sales technique in Minnesota. Indianapolis could be next.
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Finish Line's second-quarter profit jumps to $16.8M

September 24, 2010
 IBJ Staff and Associated Press
Indianapolis-based The Finish Line Inc. said Thursday that its second-quarter profit rose as it rebounded from a messy quarter a year earlier after the athletic shoe retailer sold its unsuccessful Man Alive hip-hop stores.
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Fried chicken franchises, Argentine eatery call it quits

September 17, 2010
Scott Olson
Five Popeyes restaurants in Indianapolis owned by one franchisee close down, as does downtown eatery Taste of Tango.
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U.S. retail sales increase for second straight month

September 14, 2010
Bloomberg News
Purchases increased 0.4 percent, following a 0.3-percent gain in July. Seventeen tax-free holidays in August probably drew more shoppers to malls, where discounts were deeper than those in July.
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Fishers shopping center lands new tenants

September 11, 2010
 IBJ Staff
Kite Realty Group Trust has landed Goodwill, Dollar Tree and Mexico City Grill for a renovation of its Fishers Station shopping center.
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Canadian company buying 12 Crystal Flash stores

September 10, 2010
Alimentation Couche-Tard Inc. said on Friday that it expects to complete the acquisition of a dozen Indianapolis stores this month. Couche-Tard is the largest independent convenience store operator in North America.
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Hat World acquires New York sporting goods dealer

September 2, 2010
The purchase of Anaconda Sports helps Hat World to grow its LIDS Team Sports division, created to expand the Indianapolis-based company's reach beyond hat retailing.
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Eateries cash in on TV appearance

September 2, 2010
Scott Olson
Owners of Edwards Drive In and Bub's Burgers & Ice Cream say they've experienced a large uptick in business after being featured last month on the Travel Channel's popular "Man v. Food" show. Now Indianapolis' Flying Cupcake and West Coast Tacos are hoping for their time in the spotlight, too.
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Simon sees improving retail conditions, analyst says

August 31, 2010
 IBJ Staff and Bloomberg News
Simon Property Group Inc. said retailers leasing space in its malls have managed to weather the economic downturn and are already eyeing recovery plans for when the economy improves.
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Property at busy crossroads finally attracts buyer

August 31, 2010
Tom Harton
Environmental and zoning issues had made the property at the southwest corner of Keystone Avenue and Kessler Boulevard difficult to sell.
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Metropolis mall purchased by Israel firms

August 30, 2010
Aviv Arlon Global Ltd. pays $52 million for shopping center, which was in court-appointed receivership. Former real estate firm Premier Properties USA Inc. developed Metropolis, with an investment of $160 million.
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Funeral company in 129th year keeps fresh perspectiveRestricted Content

August 28, 2010
Joe Jasinski
Flanner and Buchanan Funeral Centers sometimes stretches the definition of “funeral” to stay relevant after nearly 130 years. The family-owned business began downtown and has grown northward along with the city’s population. Today, it has 14 funeral centers and conducted 2,200 funerals last year.
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Strong Shoe Carnival profit beats estimates

August 26, 2010
Sales of toning footwear helped the Evansville-based company post record earnings in its fiscal second quarter.
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Popular toning shoes give big boost to The Finish Line

August 21, 2010
Cory Schouten
Despite controversy over whether they live up to their hype, so-called toning shoes—a category created from thin air just a few years ago—are flying off store shelves nationwide and are on pace to ring up almost $1 billion in revenue this year.
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Indianapolis retailers plan new stores, relocations

August 14, 2010
 IBJ Staff
A new restaurant near Lucas Oil Stadium is among several new or relocated retailers around the city.
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Simon mall deal gives big boost to cell-phone coupons

August 11, 2010
Associated Press
The partnership between Simon Property Group and technology company Shopkick Inc. is a big step in realizing retailers' long-held dream of using cell phones to beam ads and coupons to people passing by.
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INSIDE DISH: Kelties eyes return to salad days

August 6, 2010
Mason King
Kelties_WatchVideoOwner and chef Keltie Domina is relying on cost-cutting, an uptick in sales and her talent for shifting strategies to dig out of a recession-based deficit.
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New store openings drive HHGregg profit

August 5, 2010
Indianapolis-based appliance and electronics retailer opened 26 new stores in its fiscal first quarter and earned $2.7 million in profit.
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Nordstrom confirms plans to open Rack store in Indianapolis

August 4, 2010
 IBJ Staff
IBJ first reported in May that Kite Realty Group Trust had recruited Nordstrom Rack and The Container Store as likely anchors of a redevelopment of the Shops at Rivers Edge.
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UPDATE: Walgreens goes 0-for-4 in pursuit of liquor permits

August 2, 2010
Scott Olson
Drug store chain pulls two applications, while local board rejects its request to sell booze at a store on East Washington Street and deadlocks on a 2-2 vote regarding a store on East 86th Street.
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Marsh workers seek union election at local store

July 12, 2010
Local 700 said worker interest in union representation began to rise at Marsh Supermarkets after Florida-based private equity group Sun Capital Partners acquired the grocery chain in 2006.
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Hat World's new strategy looks beyond the nogginRestricted Content

July 10, 2010
Greg Andrews
Here’s the business plan: Expand from hat retailing into two new segments—licensed sports apparel and team-sports equipment—and benefit from the synergies among them.
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  1. I had read earlier this spring that Noodles & Co was going to open in the Fishers Marketplace (which is SR 37 and 131st St, not 141st St, just FYI). Any word on that? Also, do you happen to know what is being built in Carmel at Pennsylvania and Old Meridian? May just be an office building but I'm not sure.

  2. I'm sorry, but you are flat out wrong. There are few tracks in the world with the history of IMS and probably NO OTHER as widely known and recognized. I don't care what you think about the stat of Indy Car racing, these are pretty hard things to dispute.

  3. Also wondering if there is an update on the Brockway Pub-Danny Boy restaurant/taproom that was planned for the village as well?

  4. Why does the majority get to trample on the rights of the minority? You do realize that banning gay marriage does not rid the world of gay people, right? They are still going to be around and they are still going to continue to exist. The best way to get it all out of the spotlight? LEGALIZE IT! If gay marriage is legal, they will get to stop trying to push for it and you will get to stop seeing it all over the news. Why do Christians get to decide what is moral?? Why do you get to push your religion on others? How would legalizing gay marriage expose their lifestyle to your children? By the way, their lifestyle is going to continue whether gay marriage is legalized or not. It's been legal in Canada for quite a while now and they seem to be doing just fine. What about actual rules handed down by God? What about not working on Sundays? What about obeying your parents? What about adultery? These are in the 10 Commandments, the most important of God's rules. Yet they are all perfectly legal. What about divorce? Only God is allowed to dissolve a marriage so why don't you work hard to get divorce banned? Why do you get to pick and choose the parts of the Bible you care about?

  5. Look at the bright side. With the new Lowe's call center, that means 1000 jobs at $10 bucks an hour. IMS has to be drooling over all that disposable income. If those employees can save all their extra money after bills, in five years they can go to the race LIVE. Can you say attendance boost?

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