Holiday sales rose 3.8 percent from last year, just shy of the forecast, the National Retail Federation said Tuesday. But sales came at the expense of profit as stores had to discount early and often to get shoppers to spend money.
Aldi has purchased the land on Indiana 135 where a Pizza King restaurant and Dannemiller True Value store sit. The company will tear down the buildings to accommodate the new grocery.
Developer J. Greg Allen had planned to build condominiums on the site before the housing market crashed. He relinquished the property to his lender, BMO Harris.
Mayor Greg Ballard’s administration has agreed to a new policy around creating and managing tax-increment finance districts. The policy is headed to the City-County Council for approval.
The closures will cost 21 local employees their jobs in mid-February.
Indiana "cash for gold" dealers now must register with the secretary of state and local police as part of a new state law designed to help authorities track stolen jewelry.
The deal to move the retailer’s corporate center from Marion to Boone counties dates back to May, when town officials closed on a $3 million land deal that they hoped would attract new development.
Water issues have caused numerous problems for businesses around the city in the wake of this week's winter storm.
The Indy-based retailer that operates nationally as Lids plans to build a 150,000-square-foot headquarters in Zionsville, beef up local distribution operations, and go on a major hiring spree.
The Governor's office said it plans to make "a major economic development announcement" Friday morning "regarding hundreds of new jobs for Hoosiers" at the headquarters of Hat World Inc. in Indianapolis.
Local restaurateur Martha Hoover plans to take her Napolese chain national with help from Simon Property Group Inc.
Melissa Davis is a third-generation auctioneer and president of Reppert School of Auctioneering. She helps lead quarterly courses running 10 days straight.
Cincinnati-based Neyer Properties has made its first foray into the Indianapolis market by purchasing two buildings near Keystone at the Crossing. A $2 million renovation is in the works.
The closings, which include five in the Indianapolis market, will leave the chain with 78 stores in two states.
The two restaurants are among four new offerings that have either recently opened or will be coming to the Mass Ave area this spring.
Wishard Hospital’s 17 buildings need to be cleaned before Indiana University can acquire the land as part of a swap with the city that cleared the way for the new Eskenazi Health.
Paul J. Page was one of four principals of troubled Indianapolis-based condo firm Page Development, which spearheaded the Villagio at Page Pointe project at the south edge of downtown.
The Alderson Commercial Group of Greenwood bought the building at 425 W. South St. late last year and plans to move into it in April. It last housed the Super Bowl Host Committee.
Here’s a rundown of some of the restaurant and store closings due to heavy snow and frigid temperatures.
The Indianapolis-based electronics and appliance retailer said its fiscal third-quarter sales during the holiday season were hurt by competitors offering deeper discounts.
