Retailers

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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Biz boosters embrace One Click, but it's no sure thingRestricted Content

May 19, 2012
Cory Schouten
Husband-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.
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Business 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.
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Airport faces fiscal headwindsRestricted Content

May 12, 2012
Chris O'Malley
The 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.
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Marsh CEO Kelley quits for job in New England

May 8, 2012
Cory Schouten
Marsh 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.
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Finish 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.
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INSIDE DISH: Nostalgic Shallos does brisk business swiftly

April 27, 2012
Mason King
Dish_Shallos_WatchVideoThe 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.
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Castleton Square will get new stores catering to youthRestricted Content

April 21, 2012
Forever 21 is more than tripling its square footage at the north-side mall by taking the former Borders bookstore space.
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Earth Fare grocery replacing Borders at Hamilton Town Center

April 18, 2012
Cory Schouten
An 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.
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Finish 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.
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Indiana escapes Best Buy's closure plans

April 16, 2012
 IBJ Staff and Associated Press
Indiana isn’t part of Best Buy’s plan to close 50 stores, the electronics retail chain announced over the weekend.
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Hofmeister seeks financing to emerge from bankruptcy

April 6, 2012
Scott Olson
Despite 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.
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Local automobile dealers enjoy big month of sales

April 5, 2012
 IBJ Staff and Bloomberg News
New 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.
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Finish Line launches running venture, reports strong sales

March 30, 2012
Cory Schouten
The 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.
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INSIDE DISH: Patachou Inc. has full plate with expansion plans

March 28, 2012
Mason King
Dish_Patachou_WatchVideoFounder 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.
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New hardware store tries to carve out niche near downtown

March 27, 2012
Scott Olson
In 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.
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French mall operator looks to Simon for know-how

March 23, 2012
Bloomberg News
Simon 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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Purdue graduate takes top job at McDonald's

March 22, 2012
Bloomberg News
McDonald’s Corp. said Chief Operating Officer Don Thompson, who grew up in Indianapolis and graduated from Purdue University, will take over as CEO, becoming the first black chief of the world’s largest restaurant chain.
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Mass Ave restaurant plans clear first hurdle

March 9, 2012
The city's Historic Preservation Commission has approved rezoning and variance requests for two buildings sought by the owners of Broad Ripple's Brugge Brasserie just south of the intersection of Massachusetts and Park avenues.
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HHGregg gets $40M from life insurance on former CEO

February 29, 2012
Cory Schouten
HHGregg has collected a $40 million payout from a life insurance policy it took out on former executive chairman Jerry W. Throgmartin, who died in January after a sudden illness.
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Office-supply standby Arvey Paper set to close

February 27, 2012
Cory Schouten
One of the city's most popular spots to buy paper and office supplies is scheduled to close next month as part of a nationwide consolidation by its parent company.
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