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Retailers
Finish Line stock jumps after profit exceeds expectations
June 29, 2012
Scott OlsonThe Indianapolis-based retailer's profit fell 25 percent in the first quarter, but beat analyst predictions. Shares rose nearly
12 percent on the day.
MoreKroger convinces council member of need for gas station
June 26, 2012
Kathleen McLaughlinKroger Co. will add a gas station to its store at West 86th Street and Township Line Road after successfully lobbying an Indianapolis
City-County Council member who'd threatened to stand in its way.
MorePROXY CORNER: Vera Bradley Inc.
June 23, 2012
Vera Bradley Inc., 2208 Production Road, Fort Wayne, Ind., 46808, sells handbags, accessories, paper-and-gift items and travel
items through 55 retail stores, nine outlet stores, 3,300 specialty stores and through verabradley.com.
MoreU.S. retail chains spending billions in bet on growth
June 7, 2012
Bloomberg NewsFor all the concern that the U.S. economy may be slowing, retailers from Express Inc. to Indianapolis-based Finish Line Inc.
are poised to spend the most on capital improvements since the recession.
MoreMainSource Bank snags prime former Borders space
June 6, 2012
Cory SchoutenMainSource Bank plans to open its first Indianapolis branch in part of the former home of Borders at the southeast corner
of Meridian and Washington streets downtown.
MoreINSIDE DISH: Smokers' haven prepares for ban
May 30, 2012
Mason King
Mass Avenue Pub survived a two-year hiatus in the mid-2000s after a massive infrastructure collapse. Its owners think
going smokeless on Friday will be a comparative breeze, even though 65 percent of their clientele like to light up.
Steak n Shake woos real estate pros
May 23, 2012
Cory SchoutenSteak n Shake made a big splash at the International Council of Shopping Centers deal-making convention in Las Vegas as it
pushes an aggressive plan to grow via franchising.
MoreHHGregg’s profit jumps on life-insurance payout
May 23, 2012
Scott OlsonThe Indianapolis-based appliance and electronics retailer on Wednesday reported fiscal quarterly profit of $53.6 million,
including $39.6 million from a life insurance policy the company took out on former executive chairman Jerry W. Throgmartin.
MoreFederal court to hear Steak n Shake franchisee appeal
May 21, 2012
Scott OlsonThe case involves an Illinois franchisee of Steak n Shake that successfully sued the company over its mandatory menu and pricing
policies. The company's appeal is set to be heard Wednesday by a federal appeals court in Chicago.
MoreBiz boosters embrace One Click, but it's no sure thing
May 19, 2012
Cory SchoutenHusband-and-wife entrepreneurs Randy and Angie Stocklin started Greenwood-based One Click Ventures out of their home with
$20,000 in 2005. They now own a portfolio of niche retail websites, including SunglassWarehouse.com, HandbagHeaven.com and
Scarves.net, which brought $5.3 million in revenue last year.
MoreBusiness Furniture expands into Ohio with acquisition
May 14, 2012
Indianapolis-based Business Furniture LLC, the city's largest office furniture dealer, has expanded into Ohio by acquiring
Everybody’s Workplace Solutions Inc. in Dayton.
MoreAirport faces fiscal headwinds
May 12, 2012
Chris O'MalleyThe Indianapolis Airport Authority recorded a $31.3 million operating loss in 2011, a result that new board President Michael
Wells believes underscores the need to find new sources of revenue.
MoreMarsh CEO Kelley quits for job in New England
May 8, 2012
Cory SchoutenMarsh Supermarkets CEO Joe Kelley abruptly resigned Tuesday, and the Fishers-based chain launched a search for its third chief
executive in a little more than a year. The company named Chief Operating Officer Bill Holsworth as its interim CEO.
MoreFinish Line plans to add 327 jobs as part of expansion
May 1, 2012
The Indianapolis-based retailer of athletic shoes and apparel said it will add the jobs by 2016 as part of a multimillion-dollar
expansion that will upgrade its e-commerce systems.
MoreINSIDE DISH: Nostalgic Shallos does brisk business swiftly
April 27, 2012
Mason King
The 31-year-old, south-side institution is approaching a potential turning point as it breaks sales records and continues
to hone lightning-quick food prep and table turnover.
Castleton Square will get new stores catering to youth
April 21, 2012
Forever 21 is more than tripling its square footage at the north-side mall by taking the former Borders bookstore space.
MoreEarth Fare grocery replacing Borders at Hamilton Town Center
April 18, 2012
Cory SchoutenAn upscale supermarket chain focused on natural and organic products is taking the former Borders bookstore space at Hamilton
Town Center. The store will be the first in Indiana for the privately held chain.
MoreFinish Line to sell Special Olympics merchandise
April 17, 2012
The agreement to sell the organization's items online and in stores is part of a multiyear partnership in which Indianapolis-based
Finish Line has agreed to lend support to Special Olympics.
MoreIndiana escapes Best Buy's closure plans
April 16, 2012
IBJ Staff and Associated PressIndiana isn’t part of Best Buy’s plan to close 50 stores, the electronics retail chain announced over the weekend.
MoreHofmeister seeks financing to emerge from bankruptcy
April 6, 2012
Scott OlsonDespite objections from unsecured creditors, a federal bankruptcy judge granted the jeweler's request to hire an outside
consultant to help it seek alternative financing to repay the balance of a PNC Bank loan.
MoreLocal automobile dealers enjoy big month of sales
April 5, 2012
IBJ Staff and Bloomberg NewsNew car sales nationally rose about 13 percent last month as consumers replaced aging vehicles and took advantage of cheap
financing. Sales were way up for many Indianapolis auto dealers.
MoreFinish Line launches running venture, reports strong sales
March 30, 2012
Cory SchoutenThe Finish Line Inc. will partner with a private equity firm to expand its specialty running shops and develop Run.com, the
Indianapolis-based retailer said Friday. The company also reported strong fourth-quarter earnings, but its outlook sent shares
tumbling.
MoreINSIDE DISH: Patachou Inc. has full plate with expansion plans
March 28, 2012
Mason King
Founder Martha Hoover expects to open two new restaurants by the end of the year and as many as six more by 2020, including
eateries outside central Indiana.
New hardware store tries to carve out niche near downtown
March 27, 2012
Scott OlsonIn a city and industry dominated by big-box home-improvement chains, North Meridian Hardware owner Keith Payne hopes his independent
store can build a loyal following among downtown's denizens.
MoreFrench mall operator looks to Simon for know-how
March 23, 2012
Bloomberg NewsSimon Property Group Inc.’s cutting-edge experience as the biggest U.S. mall owner will help Klepierre SA boost rental
income at its shopping centers, the French company’s CEO says.
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I'm sure there are others, but his name automatically came to my mind
Houdini
magician on the court
STEVE MARTIN - funny magic
It has to be Houdini!