Dealmaking, construction picking up on Speedway’s Main Street
The six-block stretch just outside the front door of the historic Indianapolis Motor Speedway was desolate when the town of Speedway formed a redevelopment commission in June 2005.
Retail
Articles
U.S. retail sales sink for third straight month
Retail sales fell 0.5 percent in June from May, the Commerce Department said Monday. Consumers spent less on autos, furniture, appliances, on building and garden supplies, and at department stores.
Finish Line’s high-tech store prototype still has kinks
A prototype store launched by athletic shoe and apparel retailer The Finish Line Inc. on May 25 aims to use technology to marry brick-and-mortar to the company’s online operation. But interactive tablets that are a centerpiece of the so-called omnichannel strategy are not yet up and running.
Carmel veterinarian opening animal hospital near Mass Ave
Woodland Animal Hospital owner will take former bookstore space in Chatham Arch neighborhood.
Meadows neighborhood developer aims for retail
New housing, health facility could help attract grocer.
Honda West negotiating to open Fishers dealership
It’s not clear if the car dealer would leave its long-time home on West 38th Street.
Capitol City Ford owner acquires assets of Burd Ford
Bob Thomas Dealerships said it plans to operate multiple auto-related businesses at the Burd facility at 10320 Pendleton Pike, including a used-car dealership called Sharp Cars.
HHGregg shares plummet on new earnings forecast
HHGregg Inc. shares plunged Wednesday after the Indianapolis-based appliance and electronics retailer said it expects to report a wider first-quarter loss because of weak sales in its video business. It also cut its full-year outlook.
Marsh closing three grocery stores in central Indiana
Marsh Supermarkets Inc. confirmed Tuesday afternoon that it is closing stores in Greenwood, Anderson and Martinsville. Many employees will get a severance package or an option to transfer to another location.
Cousin wins minor damages in Mike’s Carwash lawsuit
A Hamilton County judge has ruled that a former co-owner of Mike’s Carwash Inc. receive just $140,000 in damages in a civil case that sought close to $30 million.
Hofmeister files bankruptcy reorganization plan
Hofmeister Personal Jewelers Inc. plans to pay off its creditors over seven years as part of the well-known Indianapolis retailer’s bankruptcy restructuring.
National retailers report tepid sales for June
Shoppers, worried about jobs and the overall economy, pulled back on spending in June, resulting in disappointing sales for many retailers.
J.C. Penney closing distribution center, laying off 230
The distribution center, which opened in 2002 near the Indianapolis International Airport, will close by the end of September, company officials said.
Finish Line stock jumps after profit exceeds expectations
The Indianapolis-based retailer’s profit fell 25 percent in the first quarter, but beat analyst predictions. Shares rose nearly 12 percent on the day.
A year later, Circle Centre Nordstrom vacancy lingers
Without a rapid-fire lease deal and renovation, the former Nordstrom anchor space at Circle Centre will sit idle for a second holiday season. The more general-audience-oriented department store chain Macy’s remains the odds-on favorite to replace Nordstrom, though it would take only a portion of the available space.
LEADING QUESTIONS: Big Car director helps drive growth
The Big Car arts collective is shifting into a higher gear, with a budget this year of $250,000, a new westside events hub, and a paid staff that no longer fits into a sedan. Executive Director Jim Walker provides a front-seat view.
Kroger convinces council member of need for gas station
Kroger Co. will add a gas station to its store at West 86th Street and Township Line Road after successfully lobbying an Indianapolis City-County Council member who'd threatened to stand in its way.
PROXY CORNER: Vera Bradley Inc.
Vera Bradley Inc., 2208 Production Road, Fort Wayne, Ind., 46808, sells handbags, accessories, paper-and-gift items and travel items through 55 retail stores, nine outlet stores, 3,300 specialty stores and through verabradley.com.
Indianapolis airport getting gas station
A long-awaited gas station at Indianapolis International Airport is to open by the middle of next year. Plans call for the facility to include a fast-food restaurant, service bay and car wash.
Red Gold benefits from consumers’ thrifty ways
Since the recession hit, consumers looking to save a few bucks have embraced canned produce—a trend that has kept Madison County tomato processor Red Gold in the black.