Holy Cross becomes salvage hotbed with four shops within walking distance
A salvage hub of sorts is taking shape on the near-east side now that another antique shop with a familiar name has opened in the area.
Retail
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Retailer Macy’s plans to close another 100 stores
Macy’s operates three Indianapolis-area stores—at Glendale Shopping Center, Castleton Square and Greenwood Park Mall.
Greenwood OKs TIF funds for $7M distillery, restaurant
The Greenwood Redevelopment Commission on Tuesday approved a tax-increment financing plan for a business group that wants to build an alcohol distillery, brewery and restaurant on a 12-acre site along Main Street, east of Interstate 65.
Struggling retailer HHGregg plans closures for six stores
The electronics and appliance retailer also announced more personnel moves, including the appointment of a new chief financial officer.
Logan’s Roadhouse files for bankruptcy, plans closures
The operator and franchiser of more than 250 roadhouse-themed restaurants, including four in the Indianapolis area, said it plans to close 18 under-performing restaurants as part of the reorganization plan.
HHGregg fills senior marketing vacancy, other key positions
The Indianapolis-based retailer promoted Chris Sutton to senior vice president of marketing, following the departure last month of his predecessor. It also hired two merchandising execs.
Purdue University struggles to support Indiana winery boom
The Purdue Wine Group Team has fewer resources to take care of the larger and growing industry because of a decline in the amount of funding the program is receiving from a state excise tax.
HHGregg loses money again, but tops analyst expectations
HHGregg Inc. failed to turn a profit for the 11th straight quarter as sales at the Indianapolis-based retail chain continued to fall, but the company did see some improvement in key financial categories.
Fishers seeking to restrict retail along I-69 corridor
City Councilors soon will weigh tighter rules for stores and restaurants along I-69 to streamline the "hodgepodge" of development standards and give them greater say over new projects.
Retailer HHGregg takes interim label off Riesbeck’s titles
Indianapolis-based HHGregg officially named Robert Riesbeck president and CEO on Monday. The executive joined the company in 2014 as chief financial officer.
Indiana continues to lead U.S. in pharmacy robberies
There were more pharmacy robberies in Indiana last year than California, which has a population about six times larger.
Local retailers betting on board games
An expanding universe of specialty retailers in central Indiana and across the country is satiating an appetite for old-fashioned—and new-fashioned—board games.
Kite Realty spent millions on deal that didn’t occur
The Indianapolis-based company spent $2.8 million in the second quarter on a potential purchase it ultimately decided not to pursue.
Chicken chain with big appetite for growth stumbles in Indy
After rapidly opening restaurants in Indianapolis, Atlanta-based Popeyes says they are underperforming, and it's trying to bolster their results.
Simon coveting restaurants, online retailers to fill mall space
Simon executives told analysts during a conference call Wednesday that the company has added 200 restaurants to its tenant mix in the past five years, 53 of which should open either this year or in 2017.
Retailer Target leaving IndyCar after 27 seasons as sponsor
Target Corp. will leave IndyCar at the end of this season after 27 years with Chip Ganassi Racing that included 11 championships and four Indianapolis 500 victories.
Simon raises dividend, outlook on solid quarterly results
The mall owner said funds from operations, a key performance measure, remained flat, but they beat analyst estimates by a penny.
City seeks input on new use for Butler-Tarkington fire station
The 84-year-old building at 56th and Illinois streets is expected to draw plenty of interest from restaurateurs due to its proximity to the neighborhood’s prime commercial corner.
Ex-Ovation CFO gets suspended sentence in $600,000 embezzlement scheme
Investigators said Alfred Talens used money from a wealth management client to pay living expenses, rather than to invest in the Indianapolis-based audio and video business.
Louisville fried chicken chain plans Indianapolis location
Joella’s Hot Chicken, a Louisville-based restaurant chain with four locations in Kentucky, is planning to open an Indianapolis eatery and bar in mid-September, it announced Monday.