City Market proposals: Microbrewery, bicycle hub, agriculture showcase
Six groups are vying to lead a redevelopment effort for the struggling Indianapolis City Market. Check out summaries of each
of the proposals.
Retail
Articles
Indiana beverage retailers want permits frozen
An Indiana liquor store trade group wants a court to freeze state alcohol permits until a judge can clarify quota laws on
the number of permits allowed.
Shoppers World taking former Target space on U.S. 31 South
The New York-based department store has one other location in Indianapolis, in Lafayette Square Mall. That store opened in
2008.
National animal-welfare group targets Steak n Shake
The Humane Society of the United States bought $2,000 worth of Steak n Shake stock this week in hopes of getting the company
to work with food producers that use humane farming methods.
More economy woes: Retail sales sink, jobless claims rise
For the year, retail sales fell 6.2 percent, the biggest decline on government records that go back to 1992.
HHGregg shares fall after analyst downgrade
Customers are buying fewer high-priced big-screen TVs from electronics chain HHGregg Inc., an analyst said Tuesday as he lowered
his investment rating on the company’s stock.
Developer plans expansion of Riley Towers apartments
The owner of downtown’s Riley Towers apartments is working on plans for a 5-story expansion at 225 E. North St. that would
add 54 apartment units and more than 4,000 square feet of retail space.
Steak n Shake CEO buys more shares
Steak n Shake Co. CEO Sardar Biglari bought $290,000 worth of stock in the Indianapolis-based burger chain last week in another
big bet
the company’s shares are undervalued.
Lawmakers consider changes to alcohol laws
The General Assembly plans to consider changes to Indiana’s alcohol laws this session, including proposals that would allow
microbreweries to sell takeout beer on Sundays and permit alcohol sales during voting hours on Election Day.
The Flying Cupcake is among restaurants expanding as others contract
Bobby Joe’s Beef and Brew, a popular home-grown restaurant at Southport Road and Interstate 65,
has closed. Riviera Maya, billed as an authentic Mexican restaurant, is slated to replace Old Town Ale
House in Fishers
Ashley Furniture HomeStore closing Carmel outpost
The Ashley Furniture store in Carmel will close later this month after the owner and landlord failed to come to terms on a
lease renewal.
Fire destroys east-side Indianapolis restaurant
Officials say frozen fire hydrants hindered firefighters during an early-morning blaze that burned down a Texas Roadhouse.
Steak n Shake slashes restaurant spending as CEO hoards cash
From 1999 to 2008, Steak n Shake Co. spent an average of $55 million a year to add dozens of restaurants and buy equipment
for existing
ones. In 2009, the locally based
chain spent just $5.8 million.
Location, personal touch drive tasting room growth
Upland Brewing Co. and Chateau Thomas Winery are broadening their use of tasting rooms, opening outlets far from their production
facilities in hopes of attracting new customers.
Shoppers spend a little more during holiday season
Retail sales rose 3.6 percent from Nov. 1 through Dec. 24, compared with a 3.2-percent drop in the year-ago period, according
to figures from MasterCard Advisors’ SpendingPulse.
Sparse shelves greet post-Christmas deal hunters
Shoppers headed to America’s malls Saturday, many with gift cards in hand, hoping to snag after-Christmas discounts. They
were greeted with big markdowns—in some cases topping 75 percent off—but often found limited selection.
Insurance company rejects Steak n Shake takeover bid
A small Michigan insurer has rejected an acquisition bid from The Steak n Shake Co., describing the offer as a “hostile takeover
attempt.”
NEWSMAKER: Mel Simon was shopping mall pioneer
Mel Simon, who
died at 82 on Sept. 16, changed how America shops. He was chairman emeritus of locally
based Simon Property Group Inc., the nation’s largest owner of retail real estate.
Cash-flush Finish Line likely to open new stores
With an improved balance sheet and $150 million in its pocket, the athletic-gear retailer is looking at new locations and
improving its online shopping hub.
Finish Line profit exceeds analyst expectations
The Finish Line Inc. barely eked into the black in its fiscal third quarter, but even that exceeded analysts’ expectations.