An Italian restaurant whose owner has ties to embattled local businessman Tim Durham is poised to take the first-floor
space in Circle Centre mall formerly occupied by Bertolini’s.
Café Patachou owner Martha Hoover’s plan to open a pizzeria next to her trademark eatery at 49th and Pennsylvania
streets in Indianapolis cleared its final hurdle Monday.
Now that Marsh Supermarkets is being run like a real business, has the shopping experience changed?
Florida-based Sun Capital has completed the turnaround of Marsh Supermarkets and now is seeking a buyer
for the home-grown chain. CEO Frank Lazaran told IBJ Sun will sell Marsh “when the market is right, financing
is right, and
someone is willing to pay a fair multiple.”
General Growth Properties Inc., the nation’s second-largest shopping mall operator, said lenders have agreed
to restructure about $9.7 billion in debt. The agreements could put a damper on the acquisition aspirations of rival Simon
Property Group Inc.
After shoppers gave retailers a somewhat encouraging start to the holiday shopping season, stores now turn their attention
to the online promotions known as Cyber Monday and bringing back customers the rest of the season.
Entertainment planned for December could put airport visitors in a spending mood. Retail sales at the terminal have suffered
this year due in part to a 10 percent drop in passenger traffic, prompting the Airport Authority to search
for ways to boost revenue.
National Wine & Spirits Inc. suffered a staggering reversal of fortune when the Indiana Alcohol and Tobacco Commission
ruled Nov. 5 that Southern Wine
& Spirits of America Inc. could distribute here.
More than 53 percent of workers with Internet access, or 68.8 million, are expected to shop online Monday, according to
the Washington, D.C.-based National Retail Federation.
Cafe Patachou owner Martha Hoover can now move forward with plans to open a pizzeria next to her trademark eatery at 49th
and Pennsylvania streets.
Steak n Shake CEO Sardar Biglari proposed buying Western Sizzlin in January and again in May and advocated the unusual structure
of the $39 million transaction.
Shoe Carnival Inc.’s quarterly same-store sales, which measure revenue from locations open at least a year, climbed 10.2 percent.
Airport concessionaires stung by a 10-percent drop in passenger traffic have asked the Indianapolis Airport Authority to ease
a policy that was implemented more than 10 years ago to keep prices in line with what consumers pay outside
the airport.
Hot Box Pizza plans to open a downtown location in the Harness Factory Lofts building, and WineTyme, a new local shop selling
wines, craft beers and gourmet food, is coming to Fishers.
The troubled Indianapolis City Market is looking East for a new direction. This summer, its executive director, Jim Reilly,
visited Philadelphia and Cleveland to observe their successful urban markets and seek pointers that might be applied here.
An old-line Indianapolis jewelry business has shut down, setting the stage for the sale of millions of dollars in remaining
inventory through auctions planned in Indianapolis, Chicago, Miami and Naples, Fla.
Retail sales rose more than expected in October due largely to a big rebound in auto sales. But broader consumer spending
remains under pressure.
Recent earnings reports from major retailers suggest that the wealthy, who pulled back their spending the hardest during the
financial meltdown last fall, are once again being enticed to open their wallets and going back to higher-end outlets. But
those on the lower economic rungs are still scrimping by, heading to Walmart for the basics.
Indianapolis-based Noble Roman’s Inc. said late Monday that it posted a third-quarter profit of $459,535, or 2 cents per share—a 44-percent improvement over the same period last year. But revenue for the quarter fell to $1.9 million, from $2.2 million in 2008.
Batesville Casket Co., the world’s largest manufacturer, says it’s watching, but isn’t worried.
