Downtown roundup: Barbecue joint delays opening; men’s clothier closes
Sugarfire Smoke House won’t begin serving customers in early fall, as it had previously announced. Meanwhile, there’s turnover at another prime retail spot on Washington Street.
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Sneak peek: North-side Ironworks hotel oozes industrial chic
The $20 million, 120-room hotel is expected to open in mid-September, when guests can bask in decor that pays homage to the nation’s industrial roots.
Scott Jones puts contents of Carmel mansion up for sale
The 27,000-square-foot home is expected to go on the market soon. But its furnishings and some of the tech guru’s belongings will be available at a September estate sale.
Fourteen former Marsh groceries to convert to Needler’s Fresh Market brand
The newly created moniker is a nod to the Needler family of Findlay, Ohio, third generation grocers. The former Marsh stores are owned by Michael Needler Jr. and his sister, Julie Needler Anderson.
Nike malaise dragging down Finish Line, analysts say
A veteran retail analyst said Nike, Finish Line's biggest vendor by far, has demonstrated "little to no material innovation" in more than two years.
East side’s Promise Zone hits big milestone by leveraging nearly $120M
The area on the near-east side is one of eight nationally to be designated for the program, which gives high-poverty communities a leg up in receiving assistance for revitalization efforts.
Fragrance retailer with local store files for bankruptcy protection
Fragrance seller Perfumania has filed for bankruptcy protection, and plans to close 65 of its 230 stores as it focuses more on selling online.
Amid weak results and sliding stock, Finish Line adopts anti-takeover plan
Finish Line adopted the shareholder-rights plan, also known as a poison pill, after a British retailer acquired a substantial stake in the Indianapolis-based company.
Amazon wastes little time slashing prices at Whole Foods
The internet juggernaut spent its first day as the owner of a brick-and-mortar grocery chain cutting prices at Whole Foods Market as much as 43 percent.
Bloomington could open more sites to adult businesses
Only about eight acres in Bloomington, accounting for less than 1 percent of the city, are available to adult bookstores, movie theaters, novelty stores and similar businesses.
Purdue turns to private apartments to house surplus of students
The university enrolled about 7,600 freshmen this fall, its largest first-year class in more than a decade. Almost 95 percent of them decided to live on campus.
Simon sues Starbucks in bid to block mass Teavana closings
Indianapolis-based Simon Property Group, the country’s largest shopping mall operator, says in the lawsuit that Starbucks is breaching its leases by closing the Teavana stores and “shirking its contractual obligations.”
Amazon plans warehouse on former Simon shopping mall site
E-commerce giant Amazon plans to build a massive warehouse outside Cleveland on the site of a closed shopping center that was once owned by Indianapolis-based Simon Property Group. The former mall was once billed as the world’s largest.
Auto dealers remain boys clubs when it comes to employment
Even as women make or influence the majority of auto purchases in the United States, retailers have failed to attract and retain female employees, according to CDK Global, which advises dealerships on sales strategies.
Rose-Hulman buying 1,100 acres of Hulman family land
Rose-Hulman President Jim Conwell said Thursday the acquisition will increase the size of the institute's property more than sixfold.
Amazon to slash prices on Whole Foods staples after acquisition
Amazon’s announcement comes a day after Whole Foods shareholders gave their approval and the Federal Trade Commission said it would not block the purchase. The deal is expected to close Monday.
Owner of Five Seasons sports club puts north-side property on market
Corporex, which announced earlier this month that the fitness club would close on Sept. 30, is shopping the site as an opportunity for an office redevelopment.
Sears preparing to close more stores after another poor quarter
The holding company for Sears and Kmart announced plans to close 28 more stores after it lost $251 million in the second quarter and revenue fell 23 percent.
HOME TOUR: Tiny house rental attracts guests seeking serenity
Visitors enjoy all the comforts of home, but on a very small scale. Indeed, the place looks like someone crammed an impeccably decorated, shabby-chic cottage into a phone booth.
Abundant building keeps home prices low
A new study shows that Indianapolis area home values have increased just 12.8 percent increase over a 15-year period. That’s less than in metro areas on the coasts and even some in the Midwest.