Hat World acquires New York sporting goods dealer
The purchase of Anaconda Sports helps Hat World to grow its LIDS Team Sports division, created to expand the Indianapolis-based company’s reach beyond hat retailing.
Retail
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Eateries cash in on TV appearance
Owners of Edwards Drive In and Bub’s Burgers & Ice Cream say they’ve experienced a large uptick in business after being featured last month on the Travel Channel’s popular “Man v. Food” show. Now Indianapolis’ Flying Cupcake and West Coast Tacos are hoping for their time in the spotlight, too.
Simon sees improving retail conditions, analyst says
Simon Property Group Inc. said retailers
leasing space in its malls have managed to weather the economic downturn and are already eyeing recovery plans for when the
economy improves.
Metropolis mall purchased by Israel firms
Aviv Arlon Global Ltd. pays $52 million for shopping center, which was in court-appointed receivership. Former real estate firm Premier
Properties USA Inc. developed Metropolis, with an investment of $160 million.
INSIDE DISH: Iozzo’s endures heat of first year
In a first year filled with adjustments, fledgling restaurateur Katie
Harris of Iozzo's outlines lessons learned from the $350,000 start-up and fluctuating sales.
Strong Shoe Carnival profit beats estimates
Sales of toning footwear helped the Evansville-based company post record earnings in its fiscal second quarter.
Repairs being made after Indianapolis crane crash
The Rathskeller opened for lunch Tuesday, and the YMCA branch inside the Athenaeum Building will reopen in a limited capacity on Wednesday.
Three injured in downtown crane collapse
Investigators haven't figured out what caused a crane to tip over Monday morning while crews were working
on a chimney
at the Rathskeller restaurant on East Michigan Street. Three people suffered minor injuries.
Conrad hotel’s Spa Chakra closes abruptly
Conrad General Manager Greg Tinsley says the hotel plans to reopen the high-end spa by Oct. 1, after receiving
notification Friday that it had closed.
Closing of Loon Lake Lodge restaurant marks end of Laughner family era
Demise of Castleton eatery marks end of family’s 122-year run of owning restaurants here.
Steak n Shake parent sees profit, revenue rise
Biglari Holdings Inc. said revenue in the quarter rose 9.4 percent over the year-ago period and same-store sales increased by 7.5 percent
Indianapolis retailers plan new stores, relocations
A new restaurant near Lucas Oil Stadium is among several new or relocated retailers around the city.
Simon mall deal gives big boost to cell-phone coupons
The partnership between Simon Property Group and technology company Shopkick Inc. is a
big step in realizing retailers’ long-held dream of using cell phones to beam ads and coupons to people passing by.
Noble Roman’s quarterly profit, revenue slips
Noble Roman’s Inc. profit and revenue slipped in the second quarter as fewer of its traditional Noble’s Pizza
and Tuscano’s Italian Style Subs stores were operating.
Steak n Shake parent postpones meeting amid pay uproar
San Antonio-based Biglari Holdings Inc. said late Monday it will delay a planned Aug. 24 shareholder meeting to give the company
time to
address “misinformation” regarding its CEO’s controversial pay package.
Ford dealer celebrates 50-year milestone
This month, Pearson Ford, 10650 N. Michigan Road, is celebrating a rare thing among car dealers: its 50th birthday.
New-car dealers hit hard in 2009
Indiana lost 49 new-car dealers last year, the biggest thinning of the herd in at least a decade, according to data released
last month by the National Automobile Dealers Association.
New store openings drive HHGregg profit
Indianapolis-based appliance and electronics retailer opened 26 new stores in its fiscal first quarter and earned $2.7 million
in profit.
Nordstrom confirms plans to open Rack store in Indianapolis
IBJ first reported in May that Kite Realty Group Trust had recruited Nordstrom Rack and The Container Store as likely anchors of a redevelopment of the Shops at Rivers Edge.
Wellness-based development would be first of kind here
Satori Pointe is being marketed as a campus where medical offices, fitness-oriented retailers and residents would co-exist.