J.C. Penney closing warehouse, cutting 230 jobs
J.C. Penny Co. says it plans to close a warehouse in Plainfield by September 2012.
Retail
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Retailers push for online sales taxes
Indiana’s retail lobby is pushing the state to follow a growing number of states passing laws to require online retailers to collect sales tax from customers.
Lawmakers still at odds over alcohol ID age requirement
Indiana legislators are disagreeing about how old someone should look before they have to provide identification when buying alcohol.
Hardware store slated for Meridian Street building
City grants approval Tuesday morning for the reuse of Meridian Street building that WFYI vacated in May 2008.
Kroger plans $3.8 million school investment
The Cincinnati, Ohio-based grocer announced Wednesday a new three-year, $3.8 million investment that will support library grants, schools and a literacy initiative across Indianapolis.
New York firm wins Steak n Shake ad account
Indianapolis-based restaurant chain selects Kirshenbaum Bond Senecal & Partners as agency of record for its $18 million advertising account, ending about two years of uncertainty surrounding its marketing efforts.
Bank seeks to foreclose on Polo Club restaurant
The south-side steakhouse is named in lawsuit stemming from a $1 million loan made to the former owners of a Steak & Ale restaurant at the location on South East Street.
INSIDE DISH: St. Elmo stakes out expansion plan
Co-owner Craig Huse's designs to create a 3,000-square-foot bar above the landmark eatery is just another example of Elmo's tradition-based evolution.
Finish Line reports rise in quarterly earnings, sales
The Indianapolis-based retailer earned $34.3 million in its fiscal quarter, compared with $30.6 million a year ago. Revenue rose 2.7 percent, to $384.6 million.
Toning-shoe trend fading, but doesn’t trip up Finish Line
The toning trend in athletic shoes apparently has run its course. Sales of the oddly shaped shoes fell more than 45 percent in the fourth quarter for The Finish Line Inc., but the local retailer still posted improved profit and revenue.
Indiana report says drugstores, grocers best at not selling liquor to minors
Liquor stores didn’t do as well, undercutting their argument against allowing other retailers to sell cold beer.
Luna Music closes Mass Ave. store
Closure leaves locally owned independent record shop with one location, in Meridian Kessler, as the industry struggles to compete with digital downloading.
Colts-themed restaurant in works in betting parlor space
A South Florida restaurateur has plans to open a Indianapolis Colts-themed restaurant in Claypool Court, a retail and hotel center near Circle Centre mall downtown.
Altum’s staying put at current west Carmel location
The nursery on Michigan Road had planned to move to a smaller piece of land about four miles north, but hasn’t found a buyer. Kroger nixed a deal to buy its property last fall.
Borders closing another local bookstore
The Ann Arbor, Mich.-based bookstore chain, which filed for Chapter 11 bankruptcy reorganization last month, announced yesterday it would close the Border’s store in the Shops at River Crossing near the Fashion Mall.
Shoe Carnival reports record annual profit
The Evansville-based shoe and apparel retailer said it earned $26.8 million in its last fiscal year. The company also reported record same-store sales.
Fountain Square staple Peppy Grill thrives on independence
The sign behind the counter at the we-never-close greasy spoon sums up its distinct personality: “Cows may come and cows may go, but the bull in this place goes on forever.”
INSIDE DISH: Cafe bolsters base of Turkish food fans
Ascending from server to owner of Bosphorus Istanbul Cafe, Orhan Demirtas has leveraged a relationship with Eli Lilly and Co. to diversify revenue, and solidified his base by opening a new breakfast cafe and hookah bar.
Annual profit, revenue shrink for Noble Roman’s
The Indianapolis-based pizza franchisor saw declining results from its restaurants, but got a boost from its growing line of take-and-bake products.
Office/retail building planned for Fort Ben
Speculative development is almost unheard of these days, but the Fort Harrison Reuse Authority is taking the plunge as it works toward breaking ground this year on what it expects will be a 45,000-square-foot building geared toward retail and office tenants.