As other retailers stumble, dollar stores are on growth tear
Consider the humble dollar store: modest in size, basic in appearance and laser-focused on selling cheap stuff. But don’t discount them: These stores are big business.
Susan Orr
Articles
Economic growth to slow in state, Indy area in 2020, IU forecast says
The Indianapolis metro area’s growth is expected to be slightly better than statewide averages, but both local and state growth will be lower than the 2% expected nationally, the forecast says.
Wisconsin-based sub sandwich chain targets Indianapolis market
Cousins Subs, which recently opened its first Indiana location in Crown Point, is hoping to open eight to 10 stores in the central Indiana market. Also this week: News on Ellison Brewing and Massage Heights.
High-end Nora furniture store to close at year’s end
Form + Function owner Helmut Fortense is shutting down his store at the end of the year following 23 years in business so he can retire.
Free rides on IndyGo’s Red Line extended through end of November
This is the second time IndyGo has extended the free period on the Red Line, which was originally set to begin collecting fares Oct. 1. IndyGo said its new ticketing system from vendor Flowbird isn’t yet ready for use.
Triumph motorcycle dealership to open on Sun King’s downtown campus
The brewery and dealership are hoping they’ll benefit from each other’s main customer bases.
Q&A: Melangton leads campaign to help homeless women, children
Sports executive Allison Melangton had never led a capital campaign before Wheeler Mission asked her to chair its $12 million fundraising effort.
Butler University sues Metro Diner over campus restaurant closure
Florida-based Metro Diner closed its Butler location in March. Butler says the lease is still in effect and it’s suing for unpaid rent. Metro has four other Indianapolis-area locations that remain open.
Granite City closes Carmel restaurant
The closure leaves Minnesota-based Granite City with only one Indiana location, in Fort Wayne. The company has struggled with financial problems in recent years, and has shuttered numerous locations in recent months.
Bravo! restaurant closes, site up for sale
The demise of the Castleton restaurant follows the chain’s sale to a private equity group. Also this week: Kilroy’s, Becker Supply, Nurture, Purse Strings and more.
Local developer inks deal to buy 17-acre site from airport
The undeveloped site between Perry Road and Airtech Parkway is adjacent to the Shops at Perry Crossing and the Plainfield Commons shopping center.
J.P. Morgan sues ex-broker after client exodus to his new firm
The brokerage alleges that Erik Weiss, since leaving for a job with Raymond James & Associates last month, has been improperly soliciting clients to follow him.
Airport firefighters, police officers voting on unionization
The police and fire departments at Indianapolis International Airport have been non-union since 2011, when the airport authority withdrew its recognition of employee unions.
Axe-throwing studios snap up retail sites
At least six venues are open or in the works. Also this week: Dottie Couture, Book Warehouse, Cupid Couture and MBP Distinctive Catering.
Federal Home Loan Bank assists smaller banks, boosts affordable housing
Last year, the Federal Home Loan Bank of Indianapolis had $32.7 billion in loans outstanding to its members, enabling them to extend their business reach further than they could on their own.
International Marketplace sees flurry of restaurant openings
The area around the old Lafayette Square Mall will have almost 110 ethnic eateries by the end of the year. Also this week: Sun King, Chick-fil-A and Boot Barn.
Wise says restaurant chain’s failure led to personal bankruptcy
Former Scotty’s Brewhouse owner Scott Wise and his wife, Amy, filed for Chapter 13 bankruptcy protection last week in U.S. Bankruptcy Court for the Southern District of Indiana.
Financial firm faces complaints from customers who say they were led into unsuitable investments
David A. Noyes & Co. has helped raise money for companies—including Indianapolis-based Digonex Technologies Inc. and Fishers-based SteadyServ Technologies LLC—by persuading its clients to invest. But such investments, known as private placements, are risky by nature—and Noyes’ clients have not always been happy with the results.
Minnesota-based tool retailer set to enter Indianapolis market
Northern Tool + Equipment, a growing tool and equipment retailer with more than 100 stores in 21 states, is entering Indiana with two Indianapolis stores that are set to open Oct. 31.
New restaurant to open in former Corner spot in Broad Ripple
The new owners, who acquired the lease and liquor license at auction, operate two other restaurant and bars in Indianapolis—one downtown and one in Castleton.