Landmark Theatres purchases Showplace Glendale 12
The theater at Glendale Mall will be called Landmark’s Glendale 12. Landmark Theatres is co-owned by Mark Cuban, an Indiana University graduate and owner of the Dallas Mavericks.
Retail
Articles
Fiat dealerships rolling back to metro area
After a three-decade absence from the market, Fiat is coming back to the Indianapolis area with new dealerships in Carmel and Greenwood.
October retail sales post best showing since March
Much of the strength came from a big rise in auto sales. Excluding autos, retail sales rose a more modest 0.4 percent.
Moe & Johnny’s owner files for bankruptcy reorganization
Owner Chuck Mack says popular tavern and restaurant Moe & Johnny’s, open in Broad Ripple since 1996, is in no danger of closing despite the Chapter 11 filing.
Noble Roman’s reports loss
Costs related to discontinued operations prompted the loss for Noble Roman’s, which is shelving its traditional store model in favor of offering its products in convenience and grocery stores.
Carmel strip mall fire starts in doughnut shop
The fire began at a Dunkin’ Donuts shop Thursday morning, spread to a winemaking shop and threatened other businesses.
Simon rival General Growth exits Chapter 11
General Growth exits bankruptcy with more than 183 regional malls in 43 states — a retail portfolio second only to Indianapolis-based Simon Property Group Inc., which failed in its bid to scoop up its rival earlier this year.
HHGregg shares swoon after quarterly report
HHGregg Inc.’s profit in its fiscal second quarter fell 20.4 percent from a year ago while expansion boosted revenue 45 percent.
Finish Line cash hoard could draw out suitors
Citigroup Capital Markets retail analyst Kate McShane has Finish Line near the top of her list of potential leveraged-buyout candidates.
Marsh rolls out new name at certain stores
The name change could be part of a strategy to rebrand Hometown Markets and make them more appealing for an eventual sale.
Plans for Kroger-anchored center in west Carmel fall through
The grocer might reconsider the Altum Garden’s site if economic variables change.
PROXY CORNER: The Finish Line Inc.
The Finish Line Inc., 3308 N. Mitthoeffer Road, Indianapolis, www.thefinishline.com, is a specialty retailer of brand-name athletic and leisure footwear, activewear and accessories.
Black-lit mini-golf course opens on Circle Centre’s fourth floor
Wichita, Kan.-based Opry GlowGolf LLC, which operates 20 similar courses around the country, took 6,500 square feet just up the escalator from the food court.
Prospects for City Market brightening at last
New tenants include fresh-item vendors such as a florist and produce shop, in addition to more healthful prepared foods such as juice, crepes and freshly prepared soup.
Vera Bradley shares off to impressive start
Stock in the Fort Wayne-based company began trading Thursday morning at $16 but climbed as high as $23.90.
INSIDE DISH: Entrepreneur eschews MBA, opens French cafe
Emilie Myers is getting all the practical experience she can handle as she and her mother (owner of Zionsville’s late The Pie Safe) try to push La Mie Emilie into the black.
Vera Bradley set to go public
The Fort Wayne-based company is scheduled to begin trading as a public company Wednesday morning. The estimated offering price is $14 to $16 each, although a Morningstar analyst predicts the IPO could bring as much as $18 a share.
Retailers opening new stores around Indy before holidays
OshKosh B’gosh will open its first Indianapolis store next to The Fashion Mall at Keystone.
Worker suit blasts Dick’s for ‘chronic understaffing’
The case alleges the sporting goods firm broke Indiana law by requiring employees to work when they were on break and at other times they weren’t on the clock.
Industry vet sees sectors on upswing, auctions booming
Jeff Henry, managing principal of Cassidy Turley, believes the commercial real estate market has seen the worst but isn't far off the bottom yet. Meanwhile, banks are beginning to jettison properties in a wave of auctions.