In dark quarter for retailers, Wal-Mart manages to shine
Surprisingly strong sales at Wal-Mart Stores Inc. and an optimistic outlook from the world's largest retailer lifted a pall that settled over much of the sector in the past two weeks.
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Changes in retail expand gulf between haves, have-nots
It turns out that Simon Property Group spun off its less profitable malls and zeroed in on high-end properties at just the right times. Analysts say middling malls are losing out as retailers decide where to pare locations.
With spotlight looming, REITs stressing investor education
Real estate investment trusts like Indianapolis-based Simon Property Group are preparing for a surge of attention as they get their own grouping in major U.S. stock indexes. Their first task: educating investors who have no idea how to evaluate the industry.
City to have say on $15M apartment, retail project by Athenaeum
Construction could begin as early as the fall, pending approval from historic preservation officials. The project would fill a long-vacant space along the Mass Ave corridor with housing, retail and a parking garage.
Speak Easy to make downtown’s Morrison Opera Place its second home
The not-for-profit co-working organization based near 52nd Street and College Avenue said it plans to open a location in the historic downtown building as soon as August.
Target leads other retail stocks downward on weak sales
Target Corp., which has 30 stores in Indiana, suffered its biggest intraday stock decline since 2008 Wednesday after it reported slowing sales.
Kite seeking zoning change for $15M-plus Carmel project
Kite Realty Group Trust is planning to turn the retail center on the southwest corner of 116th Street and Rangeline Road in Carmel “inside out.”
Retail REITs feeling shopping mall pain, except for Simon
Unlike some of its peers, Indianapolis-based Simon Property Group continues to attract star tenants such as Nike and Apple, command higher rents, and get attractive financing terms.
City of Indianapolis plans $126M in construction this summer
City official announced the construction schedule Monday. It includes 60 projects, most of which are street repaving.
Home Depot manages to rise above retail fray
Home Depot, which has eight stores in the Indianapolis area, bucked the trend of many national retailers when it provided its financial outlook Tuesday morning.
Meridian-Kessler church building revived as arts haven
The Indianapolis Opera and other arts organizations have found a home in the former Holy Trinity Greek Orthodox Church building on North Pennsylvania Street.
Giordano’s opening at Illinois Building; steakhouse expected to follow in fall
The Chicago-based pizza chain will ease into the downtown culinary scene by serving dinner only before taking on the lunchtime crowd. Next up: the Hyde Park steakhouse in October.
Indianapolis-area home builders stay on growth streak
Indianapolis-area residential builders filed 546 single-family construction permits in the nine-county area last month, their best April since 2007.
RoomPlace plans to reopen long-vacant Levitz store, warehouse
Lombard, Illinois-based furniture retailer RoomPlace has acquired the massive and long-vacant Levitz Furniture building on East Washington Street and plans to renovate it into a showroom and warehouse, city officials announced Monday morning.
Duluth Trading Co. planning store in Noblesville
The Wisconsin-based men’s and women’s workwear retailer, which raised $80 million in an IPO last year, has filed plans to build a store next to Cabela’s near Hamilton Town Center.
U.S. retail sales show solid gain despite woes at store chains
April’s sales gains paint a healthier picture of retail spending than did a slew of troubling reports released this week by Macy’s, Nordstrom, Kohl’s and J.C. Penney.
Jonathan Byrd’s closes Greenwood restaurant as it shifts focus north
The south side institution said on its Facebook page that it has “run its course in Greenwood,” although the Byrd Conference Center there will continue operations.
Former Logo Athletic president named CEO of Lids
David Baxter has been named president and CEO at Zionsville-based Lids Sports Group, succeeding former president Kenneth Kocher, who resigned in February after more than 10 years in the position.
Two tracks of negotiations helped seal huge Salesforce expansion
Tech talent and naming rights on the state’s tallest building were key factors that helped Indianapolis secure an 800-employee hiring commitment from Salesforce.com this month.
Programs for homeless suffer big cuts as feds shift priorities
Programs across Indianapolis that provide housing and support to the homeless are bemoaning a $687,540 decrease in U.S. Department of Housing and Urban Development funding this year.