Retailers

Finish Line co-founder retiring as chairman

May 27, 2010
 IBJ Staff
Alan Cohen will be succeeded by Glenn Lyon, who will retain his position as CEO.
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Downtown merchants sponsor new farmer's market

May 27, 2010
Kathleen McLaughlin
Goldman Jewelry, J.P. Parker Flowers and Shapiro's Deli plan a Tuesday evening farmer's market on the south side of downtown Indianapolis beginning June 1.
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HHGregg's profit slips despite higher revenue

May 27, 2010
 IBJ Staff
HHGregg had a profit of $10 million, or 25 cents per share, in the quarter ended March 31 on revenue of $417.2 million.
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Hat World to acquire Sports Avenue stores

May 27, 2010
 IBJ Staff
Locally based Hat World has agreed to acquire the assets of Sports Avenue, an Illinois-based competitor that operates 46 retail stores and 13 branded e-commerce sites. Terms of the deal where not disclosed.
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Upcoming ICSC convention will offer insight into growth plans for retailersRestricted Content

May 22, 2010
Cory Schouten
Retailers are feeling pangs of optimism at an opportune time for the developers and real estate brokers who rely on them for survival: The year’s biggest retail real estate gathering is May 23-25 in Las Vegas.
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Cabela's revs up expansion, but leaves Greenwood off list

May 10, 2010
 IBJ Staff
The Nebraska-based outdoor retailer plans to open new stores again after a two-year, recession-induced halt on expansion. But the company is not reviving its plan for the 96-acre plot it owns in Greenwood.
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Entrepreneurial couples banking on demand for art

May 1, 2010
 IBJ Staff
One art-collecting couple has opened a fine-art gallery in Zionsville, while the founder of a contemporary craft show is planning a boutique in Irvington.
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Simon Property cooperating With FTC on Prime Outlets inquiry

April 30, 2010
Bloomberg News
Some retail tenants of outlet malls are concerned about Simon gaining too much market power should its acquisition of Prime Outlets be approved.
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Circle Centre arcade reopens under new ownership

April 20, 2010
Texas-based Tilt Family Entertainment acquires GameWorks chain, which closed last month, leaving gaping hole on fourth floor of mall.
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Tenant exit leaves Circle Centre 4th floor almost vacant

April 1, 2010
Scott Olson
Departure of GameWorks arcade leaves another 27,000 square feet of vacant space on the mall's fourth floor, which has struggled for years to keep tenants.
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Fishers approves $19M auto mall development

April 1, 2010
Kathleen McLaughlin
The town has agreed to create a tax-increment financing district to help fund infrastructure improvements for Butler Automotive Group's proposed development.
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Famous handbag maker hits local retailers with lawsuits

March 31, 2010
Kathleen McLaughlin
In an effort to crack down on knockoffs, famous handbag designer Coach Inc. has hit at least three local retailers with trademark-infringement lawsuits.
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Fishers Town Council delays vote on $19M auto mall

March 29, 2010
 IBJ Staff
If the council gives its blessing, construction could begin this spring on Butler Automotive Group's five-dealership development along State Road 37. About 230 jobs could be created.
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Shoe Carnival profit beats estimates

March 18, 2010
Evansville-based shoe and apparel retailer reports strong sales of boots and athletic footwear.
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Hearings on Walgreens' bid to sell alcohol continued

March 1, 2010
Scott Olson
The Illinois-based drugstore chain is seeking to sell beer and wine at 29 of its stores in Marion County. Opponents argue that the county already has granted enough permits.
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HHGregg's faster growth boosts risk, potential rewardsRestricted Content

February 13, 2010
Greg Andrews
HHGregg Inc. had been in business nearly a half century when it hit the 50-store mark in 2004. It plans to open nearly that number within the next year.
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Kmart closing adds to Connersville jobless woes

February 11, 2010
Kmart's announcement that it will close its store in Connersville in May will put 59 employees out of work. Fayette County, where the city is located, already is strapped by steep job losses.
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Prominent local car dealer Tom Wood dies

February 4, 2010
Indianapolis car dealer Tom Wood died Thursday morning after battling lung cancer. Wood grew his business from a single dealership he purchased in 1967.
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Movie Gallery files second bankruptcy in two years

February 4, 2010
Bloomberg News
The second-largest company in the movie-rental business behind Blockbuster Inc. is immediately closing 760 locations. The chain operates 14 stores in central Indiana, according to its Web site.
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HHGregg's profit, sales rise

February 4, 2010
HHGregg's profit and revenue both increased in its fiscal third quarter, despite a slight dip in same-store sales. The opening of 19 stores helped offset the decrease.
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Independent bookstore in Carmel ends seven-year run

January 30, 2010
 IBJ Staff
The Mystery Co. in the Arts & Design District plans to host a farewell party Jan. 30, and close for good a few days later.
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Steak n Shake posts profit, plans new corporate name

January 29, 2010
Associated Press
Steak n Shake Co. said Friday it posted a fourth-quarter profit, and said it is planning to change its corporate name to Biglari Holdings Inc.
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Panel OKs bill to provide pet buyers with info

January 27, 2010
Associated Press
The bill would require pet stores to put information about the dog or cat on its cage in the store, including the animal's medical history, the name of the breeder and any congenital disorders.
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Rising credit card fees eroding retailers' profits

January 23, 2010
Peter Schnitzler
Businesses say the money they must pay to provide customers the convenience to use plastic adds up. For example, Ricker Oil Co. paid a whopping $3.9 million in 2009, according President Jay Ricker.
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Finish Line forfeits incentive deal

January 20, 2010
Cory Schouten
Mall retailer The Finish Line Inc. has agreed to forfeit a potentially lucrative tax-abatement deal because it won't be able to meet a 2008 promise to create almost 200 jobs and invest $24 million at its Indianapolis headquarters.
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  1. to mention the rest of Molly's experience- she served as Communications Director for the Indianapolis Department of Public Works and also did communications for the state. She's incredibly qualified for this role and has a real love for Indianapolis and Indiana. Best of luck to her!

  2. Shall we not demand the same scrutiny for law schools, med schools, heaven forbid, business schools, etc.? How many law school grads are servers? How many business start ups fail and how many business grads get low paying jobs because there are so few high paying positions available? Why does our legislature continue to demean public schools and give taxpayer dollars to charters and private schools, ($171 million last year), rather than investing in our community schools? We are on a course of disaster regarding our public school attitudes unless we change our thinking in a short time.

  3. I agree with the other reader's comment about the chunky tomato soup. I found myself wanting a breadstick to dip into it. It tasted more like a marinara sauce; I couldn't eat it as a soup. In general, I liked the place... but doubt that I'll frequent it once the novelty wears off.

  4. The Indiana toll road used to have some of the cleanest bathrooms you could find on the road. After the lease they went downhill quickly. While not the grossest you'll see, they hover a bit below average. Am not sure if this is indicative of the entire deal or merely a portion of it. But the goals of anyone taking over the lease will always be at odds. The fewer repairs they make, the more money they earn since they have a virtual monopoly on travel from Cleveland to Chicago. So they only comply to satisfy the rules. It's hard to hand public works over to private enterprise. The incentives are misaligned. In true competition, you'd have multiple roads, each build by different companies motivated to make theirs more attractive. Working to attract customers is very different than working to maximize profit on people who have no choice but to choose your road. Of course, we all know two roads would be even more ridiculous.

  5. The State is in a perfect position. The consortium overpaid for leasing the toll road. Good for the State. The money they paid is being used across the State to upgrade roads and bridges and employ people at at time most of the country is scrambling to fund basic repairs. Good for the State. Indiana taxpayers are no longer subsidizing the toll roads to the tune of millions a year as we had for the last 20 years because the legislature did not have the guts to raise tolls. Good for the State. If the consortium fails, they either find another operator, acceptable to the State, to buy them out or the road gets turned back over to the State and we keep the Billions. Good for the State. Pat Bauer is no longer the Majority or Minority Leader of the House. Good for the State. Anyway you look at this, the State received billions of dollars for an assett the taxpayers were subsidizing, the State does not have to pay to maintain the road for 70 years. I am having trouble seeing the downside.

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