Retail

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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Yats owners pull out of upscale bar downtown

September 9, 2010
Andrea Muirragui Davis
Two weeks after the soft launch of the long-awaited restaurant and bar on the first floor of The Ambassador apartment building downtown, Yats Restaurants has pulled out of the enterprise, leaving partner Tom Megenhardt to go it alone.
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Hat World acquires New York sporting goods dealer

September 2, 2010
The purchase of Anaconda Sports helps Hat World to grow its LIDS Team Sports division, created to expand the Indianapolis-based company's reach beyond hat retailing.
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Eateries cash in on TV appearance

September 2, 2010
Scott Olson
Owners of Edwards Drive In and Bub's Burgers & Ice Cream say they've experienced a large uptick in business after being featured last month on the Travel Channel's popular "Man v. Food" show. Now Indianapolis' Flying Cupcake and West Coast Tacos are hoping for their time in the spotlight, too.
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Simon sees improving retail conditions, analyst says

August 31, 2010
 IBJ Staff and Bloomberg News
Simon Property Group Inc. said retailers leasing space in its malls have managed to weather the economic downturn and are already eyeing recovery plans for when the economy improves.
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Metropolis mall purchased by Israel firms

August 30, 2010
Aviv Arlon Global Ltd. pays $52 million for shopping center, which was in court-appointed receivership. Former real estate firm Premier Properties USA Inc. developed Metropolis, with an investment of $160 million.
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INSIDE DISH: Iozzo's endures heat of first year

August 27, 2010
Mason King
Iozzios Watch VideoIn a first year filled with adjustments, fledgling restaurateur Katie Harris of Iozzo's outlines lessons learned from the $350,000 start-up and fluctuating sales.
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Strong Shoe Carnival profit beats estimates

August 26, 2010
Sales of toning footwear helped the Evansville-based company post record earnings in its fiscal second quarter.
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Repairs being made after Indianapolis crane crash

August 24, 2010
Associated Press
The Rathskeller opened for lunch Tuesday, and the YMCA branch inside the Athenaeum Building will reopen in a limited capacity on Wednesday.
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Conrad hotel's Spa Chakra closes abruptly

August 23, 2010
Scott Olson
Conrad General Manager Greg Tinsley says the hotel plans to reopen the high-end spa by Oct. 1, after receiving notification Friday that it had closed.
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Three injured in downtown crane collapse

August 23, 2010
 Fox59 Report
Investigators haven't figured out what caused a crane to tip over Monday morning while crews were working on a chimney at the Rathskeller restaurant on East Michigan Street. Three people suffered minor injuries.
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Closing of Loon Lake Lodge restaurant marks end of Laughner family era

August 21, 2010
 IBJ Staff
Demise of Castleton eatery marks end of family's 122-year run of owning restaurants here.
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Steak n Shake parent sees profit, revenue rise

August 16, 2010
Scott Olson
Biglari Holdings Inc. said revenue in the quarter rose 9.4 percent over the year-ago period and same-store sales increased by 7.5 percent
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Indianapolis retailers plan new stores, relocations

August 14, 2010
 IBJ Staff
A new restaurant near Lucas Oil Stadium is among several new or relocated retailers around the city.
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Simon mall deal gives big boost to cell-phone coupons

August 11, 2010
Associated Press
The partnership between Simon Property Group and technology company Shopkick Inc. is a big step in realizing retailers' long-held dream of using cell phones to beam ads and coupons to people passing by.
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Noble Roman's quarterly profit, revenue slips

August 11, 2010
 IBJ Staff
Noble Roman’s Inc. profit and revenue slipped in the second quarter as fewer of its traditional Noble’s Pizza and Tuscano’s Italian Style Subs stores were operating.
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Steak n Shake parent postpones meeting amid pay uproar

August 10, 2010
Scott Olson
San Antonio-based Biglari Holdings Inc. said late Monday it will delay a planned Aug. 24 shareholder meeting to give the company time to address "misinformation" regarding its CEO's controversial pay package.
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Ford dealer celebrates 50-year milestoneRestricted Content

August 7, 2010
Chris O'Malley
This month, Pearson Ford, 10650 N. Michigan Road, is celebrating a rare thing among car dealers: its 50th birthday.
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New-car dealers hit hard in 2009Restricted Content

August 7, 2010
Chris O'Malley
Indiana lost 49 new-car dealers last year, the biggest thinning of the herd in at least a decade, according to data released last month by the National Automobile Dealers Association.
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New store openings drive HHGregg profit

August 5, 2010
Indianapolis-based appliance and electronics retailer opened 26 new stores in its fiscal first quarter and earned $2.7 million in profit.
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Nordstrom confirms plans to open Rack store in Indianapolis

August 4, 2010
 IBJ Staff
IBJ first reported in May that Kite Realty Group Trust had recruited Nordstrom Rack and The Container Store as likely anchors of a redevelopment of the Shops at Rivers Edge.
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Wellness-based development would be first of kind here

August 3, 2010
Tom Harton
Satori Pointe is being marketed as a campus where medical offices, fitness-oriented retailers and residents would co-exist.
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UPDATE: Walgreens goes 0-for-4 in pursuit of liquor permits

August 2, 2010
Scott Olson
Drug store chain pulls two applications, while local board rejects its request to sell booze at a store on East Washington Street and deadlocks on a 2-2 vote regarding a store on East 86th Street.
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INSIDE DISH: Italian eatery thrives despite early blunders

July 30, 2010
Mason King
Matteo Watch VideoFor Matteo and Emily Di Rosa, the sustained profitability of Matteo's Ristorante Italiano is even sweeter in light of the errors of naivete made at the start.
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LEADING QUESTIONS: Burd Ford flies after tragedy

July 29, 2010
Mason King
Burd_WatchVideoRichard Burd's suicide led to shrewd cost-cutting at the family auto dealership. For Christine Burd, returning to profitability is both heartening and heartbreaking.
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  1. I am a Lyft driver who is a licensed CDL professional driver. ALL Lyft drivers take pride in providing quality service to the Indianapolis and surrounding areas, and we take the safety of our passengers and the public seriously.(passengers are required to put seat belts on when they get in our cars) We do go through background checks, driving records are checked as are the personal cars we drive, (these are OUR private cars we use) Unlike taxi cabs and their drivers Lyft (and yes Uber) provide passengers with a clean car inside and out, a friendly and courteous driver, and who is dressed appropriately and is groomed appropriately. I go so far as to offer mints, candy and/or small bottle of water to the my customers. It's a mutual respect between driver and passenger. With Best Regards

  2. to be the big fish in the little pond of IRL midwest racin' when yer up against Racin' Gardner

  3. In the first sentance "As a resident of one of these new Carmel Apartments the issue the local governments need to discuss are build quality & price." need a way to edit

  4. As a resident of one of these new Carmel Apartments the issue the local governments need to discuss is build quality & price. First none of these places is worth $1100 for a one bedroom. Downtown Carmel or Keystone at the Crossing in Indy. It doesn't matter. All require you to get in your car to get just about anywhere you need to go. I'm in one of the Carmel apartments now where after just 2.5 short years one of the kitchen cabinet doors is crooked and lawn and property maintenance seems to be lacking my old Indianapolis apartment which cost $300 less. This is one of the new star apartments. As they keep building throughout the area "deals" will start popping up creating shoppers. If your property is falling apart after year 3 what will it look like after year 5 or 10??? Why would one stay here if they could move to a new Broad Ripple in 2 to 3 years or another part of the Far Northside?? The complexes aren't going to let the "poor" move in without local permission so that's not that problem, but it the occupancy rate drops suddenly because the "Young" people moved back to Indy then look out.

  5. Why are you so concerned about Ace hardware? I don't understand why anyone goes there! Every time ive gone in the past, they don't have what I need and I end up going to the big box stores. I understand the service aspect and that they try to be helpful but if they are going to survive I think they might need to carry more specialty parts.

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