2017 Indiana 100: E-commerce firm marches to own beat
Sweetwater Sound—which has a 44-acre campus in Fort Wayne—is the nation’s largest online retailer of musical instruments and audio equipment.
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Audio firm finds ‘Made in USA’ strikes chord
Indy Audio Labs, founded in 2009, serves a very exclusive market niche—high-end audio equipment for home music and theater buffs.
Aldi spending $30M to revamp 22 area grocery stores
Aldi is doubling the amount of space it devotes to fresh produce; carrying fresh fish to complement its beef, steak and chicken offerings; expanding its wine selection and adding more shelves in its frozen food section.
Going-out-of-business sales start Thursday at 18 Marsh stores
Sales to liquidate inventory at the 18 stores that weren’t sold at auction to other grocers this week could last until early July, said a Marsh spokesman.
CVS, suitors for Marsh stores agree to settlement, helping clear way for sale
Under the agreement, prospective store buyers Kroger and Fresh Encounter would be able to operate pharmacies at the locations much sooner than rival CVS expected.
CVS, owners of Lockerbie Marketplace object to Marsh store-sale plan
CVS wants to prevent buyers from operating pharmacies. Lockerbie Marketplace's owners say Fresh Encounter has failed to demonstrate it has the financial wherewithal to "fully perform" under the Marsh lease it wants to take over in that shopping center.
Proposed Marsh store sales set table for downtown free-for-all
For decades, Marsh Supermarkets has had a lock on the downtown grocery market. Proposed store sales disclosed Tuesday, combined with the impending opening of Whole Foods, set the stage for three-way showdown.
Marsh locations slated for purchase by Ohio grocers include 12 in central Indiana
The 26 stores that the Kroger and Fresh Encounter chains have agreed to acquire span Indiana, as well as four cities in Ohio. Here’s the whole list.
National children’s retailer with nine area stores files for bankruptcy
Gymboree, which is struggling under an enormous load of debt, said it would have to close up to a third of its 1,300 stores nationwide.
‘Numerous bidders’ pursue Marsh stores, likely setting stage for auction
The Fishers-based company would not provide details on the offers, which it is evaluating with creditors. The fate of its 44 remaining stores likely will be determined next week.
UPDATE: Marsh reports ‘numerous bidders’ for remaining stores
Fishers-based Marsh Supermarkets has received offers for at least some of its remaining 44 stores “from numerous bidders,” the company said Wednesday evening, less than two hours after the bid deadline set by bankruptcy court.
Walmart testing store employee delivery of U.S. online orders
In its latest effort to compete with online giant Amazon, Walmart is testing a delivery service using its own store employees, who will deliver packages ordered online while driving home from their regular work shifts.
Indy-based restaurants to open new locations in Fashion Mall
The additions to the food court will include a concept from Cafe Patachou founder Martha Hoover.
Indiana toy store calling it quits after nearly eight decades
Veach’s Toy Station, founded in 1938, plans to close its 16,000-square-foot store in August due to declining sales.
Circle Centre reports record revenue on strength of new restaurants
Additions such as Yard House, Nada and Punch Bowl Social have helped bolster Circle Centre's performance, even as a string of national apparel chains have shuttered their stores in the mall's interior corridors.
Target settles data-breach lawsuit with 47 states for $18.5M
Indiana will be among the states receiving money to settle state lawsuits over a 2013 hack of the retailer’s database in which the personal information of millions of customers was stolen.
Prime north-side parcel on Keystone finally sells, despite access issues
The 12.5-acre tract has been acquired by a member of the car-dealing Wood family, but its intended use remains a mystery.
Shopping mall executives say gloomy future has been exaggerated
Retailers and shopping-center owners are gathering in Las Vegas this week prepared to send a message: The American mall is doing better than many people think.
Marsh incentive plan awards key employees if stores are sold
The plan, approved by a bankruptcy judge, allows 10 employees to collectively receive up to $1.1 million in bonuses if certain conditions of a sale are met.