Retailers

Wal-Mart again attempting to build in Zionsville

September 20, 2012
Scott Olson
Wal-Mart Stores Inc. has filed new plans to build a store along Michigan Road in Zionsville, six years after the town rebuffed its original proposal that drew the ire of local residents and merchants.
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Indianapolis jeweler shot during home break-in

September 16, 2012
Associated Press
Indianapolis police say jeweler Gary Thrapp of G. Thrapp Jewelers was in stable but serious condition Sunday after being shot when two people broke into his home.
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MainGate, Lids score Super Bowl merchandise dealsRestricted Content

September 15, 2012
Anthony Schoettle
A pair of Indianapolis-based companies recently scored the largest single-event deal in the world of U.S. sports licensing, unseating 24-year incumbent Facilities Merchandising Inc. to win lucrative deals at the 2013 Super Bowl in New Orleans.
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Millcraft hoping to fill downtown paper-supply void

September 13, 2012
Scott Olson
Millcraft Paper Co. is set to move from the far east side to downtown Indianapolis on Sept. 24 in hopes of filling a void left a few months ago by the closing of Arvey Paper & Office Products.
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Finish Line stock falls after analyst's downgrade

September 13, 2012
Associated Press
An analyst downgraded The Finish Line Inc.'s stock on Wednesday, saying that the Indianapolis-based sneaker and athletic clothing retailer will likely continue to lose share to rival Foot Locker.
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HHGregg posts quarterly loss on poor TV sales, as expected

August 2, 2012
Scott Olson
Disappointing sales at stores open at least a year dragged Indianapolis-based HHGregg Inc. to a rare quarterly loss, the appliance and electronics retail chain said on Thursday.
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Fashion Mall landlord suing tenant over unpaid rent

July 30, 2012
Scott Olson
A division of Simon Property Group Inc. is suing Brisbane, Calif.-based Bebe Stores Inc., claiming the women's clothing retailer owes it $64,000 in unpaid rent.
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J.C. Penney sells Simon Property stake for $248M

July 23, 2012
Associated Press
J.C. Penney Co. said Monday that it is selling the bulk of its interest in mall developer Simon Property Group Inc. for $248 million as it focuses on its core business.
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Lids division renews contract with IUPUI

July 23, 2012
Under the five-year deal, Nike will maintain its status as the official outfitter of all student athletes on the 16 varsity sports teams at IUPU. The initial deal was signed in October 2009. Terms of the current agreement were not disclosed.
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HHGregg setbacks reflect deeper woes, some fear

July 21, 2012
Greg Andrews
Retailer's operating income is the same as five years ago, even though it has triple the number of stores.
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U.S. retail sales sink for third straight month

July 16, 2012
Associated Press
Retail sales fell 0.5 percent in June from May, the Commerce Department said Monday. Consumers spent less on autos, furniture, appliances, on building and garden supplies, and at department stores.
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HHGregg shares plummet on new earnings forecast

July 11, 2012
 IBJ Staff and Associated Press
HHGregg Inc. shares plunged Wednesday after the Indianapolis-based appliance and electronics retailer said it expects to report a wider first-quarter loss because of weak sales in its video business. It also cut its full-year outlook.
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Marsh closing three grocery stores in central Indiana

July 10, 2012
Scott Olson
Marsh Supermarkets Inc. confirmed Tuesday afternoon that it is closing stores in Greenwood, Anderson and Martinsville. Many employees will get a severance package or an option to transfer to another location.
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Hofmeister files bankruptcy reorganization plan

July 6, 2012
Dan Human
Hofmeister Personal Jewelers Inc. plans to pay off its creditors over seven years as part of the well-known Indianapolis retailer’s bankruptcy restructuring.
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National retailers report tepid sales for June

July 5, 2012
Shoppers, worried about jobs and the overall economy, pulled back on spending in June, resulting in disappointing sales for many retailers.
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J.C. Penney closing distribution center, laying off 230

July 2, 2012
 IBJ Staff
The distribution center, which opened in 2002 near the Indianapolis International Airport, will close by the end of September, company officials said.
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Finish Line stock jumps after profit exceeds expectations

June 29, 2012
Scott Olson
The Indianapolis-based retailer's profit fell 25 percent in the first quarter, but beat analyst predictions. Shares rose nearly 12 percent on the day.
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Kroger convinces council member of need for gas station

June 26, 2012
Kathleen McLaughlin
Kroger 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.
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PROXY 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.
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U.S. retail chains spending billions in bet on growth

June 7, 2012
Bloomberg News
For 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.
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MainSource Bank snags prime former Borders space

June 6, 2012
Cory Schouten
MainSource 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.
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INSIDE DISH: Smokers' haven prepares for ban

May 30, 2012
Mason King
Dish Mass Ave Pub watch videoMass 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.
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Steak n Shake woos real estate pros

May 23, 2012
Cory Schouten
Steak 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.
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HHGregg’s profit jumps on life-insurance payout

May 23, 2012
Scott Olson
The 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.
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Federal court to hear Steak n Shake franchisee appeal

May 21, 2012
Scott Olson
The 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.
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