Auto dealers turn bullish, snag sites
Local car dealers are investing in projects ranging from new facilities to showroom renovations as the economy improves and the auto industry rebounds from a crippling slump in sales.
Retail
Articles
Kokomo eatery featured on ‘Restaurant Impossible’
Ducky’s Family Restaurant had been a staple in Kokomo for 50-plus years, but recent struggles earned it a spot on the Food Network’s “Restaurant Impossible.”
Cell phone retailer to establish Carmel office, hire 145
One of the largest private firms in Indiana, Moorehead Communications will occupy a 47,000-square-foot building that it acquired earlier this year. The project will run about $5 million.
Big Red Liquors buys south-side building for HQ
The Bloomington-based company followed its acquisition of United Package Liquors by acquiring a vacant, 33,000-square-foot building on U.S. 31.
Finish Line sees profit slip on Macy’s costs
In addition to announcing quarterly results, the retailer said longtime president and chief operating officer Steve Schneider will move into the position of executive vice president of strategic initiatives.
Noble Roman’s gets rolling with take-and-bake franchises
Since October, franchisees have opened the first seven stand-alone, take-and-bake locations—dubbed Noble Roman’s Take-n-Bake P’ZA. Nine more are in development or under construction.
Former governor candidate Gregg buys country grocery
The Democrat said he hopes his purchase of Yagles Country Cupboard will help the store provide more services to the largely Amish southern Indiana community and create a few jobs.
Closeout chain sets sights on Carmel: ‘Everybody likes to save a buck’
“Value-oriented” retailer Ollie’s Bargain Outlet plans to open a store in Carmel this fall as part of a push into Indiana. How will the market respond?
Woodard sells Canterbury Hotel to Ohio firm
Local businessman Turner Woodard had owned the upscale downtown hotel since 2010. Terms of the deal with Columbus, Ohio-based RockBridge Capital LLC, a hotel investment firm, were not disclosed.
AT&T building’s new owner targets first-floor retail
Geis Properties, a division of Streetsboro, Ohio-based Geis Cos., purchased the 558,000-square-foot building for $16.5 million late last month from AT&T, which is reducing its downtown presence.
AG sees spike in complaints about gas prices
The Indiana Attorney General’s Office says the recent surge in Midwestern gasoline prices that’s given Indiana the nation’s fourth-priciest gas is drawing an influx of complaints from the public.
Vera Bradley CEO retiring after six years on job
The Fort Wayne-based company announced Michael Ray's decision on Wednesday as the company reported a 27-percent drop in earnings in its latest quarter and trimmed its yearly outlook.
Tight credit or no credit? HHGregg wants your business
The Indianapolis-based appliance and electronics retailer is quietly making a fundamental shift to cast its net more widely—starting with stepped-up promotion of its private-label credit card.
Indy startup serves up keg beer with big data
SteadyServ Technologies has raised $1.5 million to help develop iKeg, which tells bar managers and beer distributors when they need to reorder.
Broad Ripple project takes heat at Village meeting
Jeering and catcalls greeted officials from Browning Investments, which has proposed the $18 million residential and retail development along the Central Canal.
Finish Line’s cash hoard could make it alluring target
The Indianapolis-based retailer is debt-free and has amassed $227 million in cash on its balance sheet. That works out to $4.63 per share.
Denver-based firm laps up BlueMile running chain
BlueMile, a local six-store running specialty chain, has been acquired by a group that includes Indianapolis-based sports goliath The Finish Line Inc. The deal is expected to speed BlueMile’s expansion.
Kennedy partners with Olympic runner to buy shoe chain
Indiana running icon Bob Kennedy believes Movin Shoes Inc. has great potential for growth. Its California location doesn't violate Kennedy's non-compete agreement with Indiana’s BlueMile chain.
HHGregg’s stock swoons after quarterly report disappoints
The Indianapolis-based retailer saw a big drop in earnings in its latest quarter on decreased sales, lower profit margins and higher advertising expenses, it said Monday.
HHGregg earnings sink on declining sales
The Indianapolis-based retailer saw a big drop in earnings in its latest quarter on decreased sales, lower profit margins and higher advertising expenses.