Specialty stores

Prospects bright for Borders replacements

July 26, 2011
Cory Schouten
Brokers expect strong demand from other retailers, in part because the failed bookstore chain carefully chose its real estate, opting for locations near concentrations of affluent and educated consumers.
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Inspections find fewer Indiana underage alcohol sales

July 25, 2011
Associated Press
State inspections found Indiana's bars, restaurants and liquor stores doing a much better job of not selling alcohol to underaged Hoosiers.
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Borders liquidation another blow to retail real estate

July 21, 2011
Bloomberg News
Borders Group Inc.’s proposed liquidation will increase available U.S. retail space by about 6.3 million square feet as the industry struggles with near-record vacancy rates and stagnant rents.
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Irvington scores Ossip, set for streetscape project

July 19, 2011
Tom Harton
The Irvington retail trade area stands to get a big boost from two projects set to begin this fall: Ossip Optometry’s renovation of a historic building and a $2.9M makeover of East Washington Street designed to make the business district a draw for pedestrians.
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McNamara moving from Broad Ripple after 57 years

July 7, 2011
Scott Olson
The florist is moving from the Broad Ripple retail space it has occupied since 1954. Local developer Buckingham Cos., which purchased the property in 2000, is preparing for the redevelopment of Monon Place.
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Airport Borders store on bankrupt chain's hit list

June 14, 2011
Maria LaMagna
Indianapolis International Airport officials could know by next week whether the Borders bookstore inside the terminal will survive a third round of store closures tied to the chain’s Chapter 11 bankruptcy proceedings.
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R.Lynda clothing boutique pulls plug on venture before openingRestricted Content

June 11, 2011
 IBJ Staff
Construction of the shop at Traders Point Shopping Center was already underway.
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Lululemon Athletica, Five Below to open Indianapolis storesRestricted Content

May 28, 2011
 IBJ Staff
Yoga apparel specialist, store geared toward teens plan local presence.
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City's last independent map retailer set to fold

May 19, 2011
Scott Olson
Odyssey Map Store in downtown Indianapolis will close Aug. 31 after a 27-year run. The owners attribute the closing to the proliferation of GPS devices and smart phones.
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New Fountain Square brewery shoots for August opening

May 12, 2011
Cory Schouten
The owners of a new microbrewery in Fountain Square, slated to open by mid-August, plan to differentiate the business by focusing on the "convergence of art and science" in brewing.
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Men's store Jos. A. Bank plans downtown location

May 6, 2011
Cory Schouten
The men's clothing chain Jos. A. Bank plans to open a new store at Meridian and Washington streets in a much-needed vote of confidence for street-level retail downtown.
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Watchmaker has a flair for precision

April 30, 2011
Sean Morrison
Bill Rostiser has practiced watchmaking for more than half of his life. At 60, he has worked 38 years at Windsor Jewelry just south of Monument Circle. During that time, he watched the downtown area flourish, along with the business.
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Pop-up retailers emerging in Indianapolis

April 16, 2011
Marc D. Allan
With the retail vacancy rate hovering around 13 percent locally and nationally, temporary retailers are becoming a fact of life in malls, strip malls and downtowns around the country.
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Hofmeister jewelry business files Chapter 11

April 15, 2011
The northeast-side retailer listed assets of nearly $3.8 million and liabilities of $5.4 million. Much of the debt includes a bank loan and money owed to suppliers for inventory.
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Hardware store slated for Meridian Street building

April 5, 2011
Scott Olson
City grants approval Tuesday morning for the reuse of Meridian Street building that WFYI vacated in May 2008.
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Luna Music closes Mass Ave. store

March 24, 2011
Scott Olson
Closure leaves locally owned independent record shop with one location, in Meridian Kessler, as the industry struggles to compete with digital downloading.
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Borders closing another local bookstore

March 18, 2011
 IBJ Staff
The Ann Arbor, Mich.-based bookstore chain, which filed for Chapter 11 bankruptcy reorganization last month, announced yesterday it would close the Border’s store in the Shops at River Crossing near the Fashion Mall.
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Retail chain Family Leisure finding new identityRestricted Content

March 12, 2011
Cory Schouten
Recreational product superstore Family Leisure changed its name from Watson's two years ago, but it could take years before the company led by Kevin Prefontaine builds the kind of brand equity tied up in the old name.
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UPDATE: Borders files bankruptcy, to close 2 area stores

February 16, 2011
 IBJ Staff and Bloomberg News
Borders will close its downtown-Indianapolis and Carmel stores as part of its plan to shutter about 30 percent of its stores nationally.
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OfficeWorks acquires competitor’s local operations

January 7, 2011
Fishers-based furniture dealer and office space designer is purchasing the assets of Columbus, Ohio-based Continental Office Environment's Indianapolis location on East 33rd Street. Both companies are Herman Miller dealers.
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Renewed Sunday liquor fight to focus on money

November 30, 2010
Francesca Jarosz
Backers of the proposed legislation have begun touting a study estimating that as much as $9 million in additional tax revenue would be generated for Indiana by the allowance of Sunday sales.
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Running store chain changes name, opens new shopRestricted Content

November 20, 2010
Anthony Schoettle
The Running Co., now BlueMile, expands into Louisville, looks to add more stores in and outside Indiana
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Old-school costume shop survives new competition

October 23, 2010
Sam Brattain
Costumes by Margie isn’t a strip mall box store full of packaged—and disposable—costumes for sale. The shop has a variety of clothing and accessories for rent and a staff, including owner Cheryl Harmon, ready to help put together whatever disguise a customer can dream up.
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Retailers opening new stores around Indy before holidays

October 16, 2010
 IBJ Staff
OshKosh B’gosh will open its first Indianapolis store next to The Fashion Mall at Keystone.
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Canadian company buying 12 Crystal Flash stores

September 10, 2010
Alimentation Couche-Tard Inc. said on Friday that it expects to complete the acquisition of a dozen Indianapolis stores this month. Couche-Tard is the largest independent convenience store operator in North America.
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