Retailers

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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INSIDE DISH: Gastropub owners get aggressive after big first year

February 24, 2012
Mason King
Dish_local_eatery_watch_videoThe Local Eatery and Pub in Westfield streaked past break-even point in its first 12 months, leading its relieved but exhausted owners to plan new projects.
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Committee to push for safer late-night stores in Indiana

February 16, 2012
Associated Press
Since 2006, six people have been killed and 27 people have been seriously injured in violent crimes at late-night stores in Indiana.
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HHGregg reports smaller profit in fiscal third quarter

February 8, 2012
The appliance and electronics retailer attributed the decline to lower-than-expected profit margins and higher spending on advertising.
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Retailer Lids strives for Super Bowl dominance

February 2, 2012
Cory Schouten
Lids Sports Group is emerging as an early Super Bowl winner among local businesses after betting big that souvenir sales would shine.
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Indiana liquor law could crimp Super Bowl parties

February 1, 2012
Associated Press
Indiana is among a handful of states that ban carryout liquor sales on Sundays. Even hosting the NFL's most-celebrated spectacle won't change that.
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Meningitis complications felled Throgmartin, family says

January 25, 2012
Meningitis, a rare disorder caused by an infection of the membranes covering the brain and spinal cord, usually can be treated but is sometimes fatal.
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Pet specialty retailer plans 135 jobs in Indiana

January 24, 2012
Pet Supplies Plus said it will add the positions by relocating its warehousing operations from Michigan to Seymour, 60 miles south of Indianapolis.
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Walgreen marks retailers' push into health care

January 23, 2012
J.K. Wall
Health care reform is projected to cover 30 million more people with health insurance—and overwhelm the nation’s doctors. That's why retailers like Walgreen and Wal-Mart are moving into the space in a big way.
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Deceased HHGregg chairman oversaw explosive growth

January 23, 2012
Greg Andrews
Jerry Throgmartin helped transform HHGregg from a local electronics retailer into a national player with more than $2 billion in revenue. He died over the weekend while visiting his ranch in Colorado.
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Restaurants and stores plan new Indy locationsRestricted Content

January 21, 2012
 IBJ Staff
Off Broadway Shoes highlights new retailers entering the market.
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Super Bowl plans set for former Nordstrom space

January 17, 2012
Scott Olson
An after-hours nightclub and a sports apparel shop operated by Indianapolis-based Lids Sports Group will occupy much of the space, dubbed "The Huddle," during the festivities starting on Jan. 27.
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Closed meeting angers wounded store clerk's family

January 11, 2012
Associated Press
The family of a convenience store clerk critically injured in an October shooting harshly criticized an Indiana agency's decision to hold a closed-door meeting Wednesday with trade groups on efforts to boost safety at the 24-hour facilities.
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HHGregg shares sink on disappointing earnings

January 10, 2012
Associated Press
Appliance and electronics retailer HHGregg Inc.'s stock price fell more than 15 percent Tuesday after it reported lower-than-expected earnings for the fiscal third quarter.
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Blakley Corp. hires first outsider CEO

January 3, 2012
Kathleen McLaughlin
Indianapolis-based Blakley Corp., a specialty contractor and home-flooring retailer, has hired the first outsider CEO in the company's 114-year history.
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Retailers to offer football fans unusual merchandise

December 31, 2011
Anthony Schoettle
It’s common for retailers in Super Bowl host cities to bring in a special cache of goods not usually sold in the market.
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  1. If what you stated is true, then this article is entirely inaccurate. "State sells bonds" is same as "State borrows money". Supposedly the company will "pay for them". But since we are paying the company, we are still paying for this road with borrowed money, even though the state has $2 billion in the bank.

  2. Andrew hit the nail on the head. AMTRAK provides terrible service and that is why the state has found a contractor to improve the service. More trips, on-time performance, better times, cleanliness and adequate or better restrooms. WI-FI and food service will also be provided. Transit from outlying areas will also be provided. I wouldn't take it the way it is but with the above services and marketing of the service,ridership will improve and more folks will explore Indy and may even want to move here.

  3. They could take the property using eminent domain and save money by not paying the church or building a soccer field and a new driveway. Ctrwd has monthly meetings open to all customers of the district. The meetings are listed and if the customers really cared that much they would show. Ctrwd works hard in every way they can to make sure the customer is put first. Overflows damage the surrounding environment and cost a lot of money every year. There have been many upgrades done through the years to help not send flow to Carmel. Even with the upgrades ctrwd cannot always keep up. I understand how a storage tank could be an eye sore, but has anyone thought to look at other lift stations or storage tanks. Most lift stations are right in the middle of neighborhoods. Some close to schools and soccer fields, and some right in back yards, or at least next to a back yard. We all have to work together to come up with a proper solution. The proposed solution by ctrwd is the best one offered so far.

  4. Fox has comments from several people that seem to have some inside information. I would refer to their website. Changed my whole opionion of this story.

  5. This place is great! I'm piggy backing and saying the Cobb salad is great. But the ribs are awesome. $6.49 for ribs and 2 sides?! They're delicious. If you work downtown, head over there.

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