Local retailers betting on board games
An expanding universe of specialty retailers in central Indiana and across the country is satiating an appetite for old-fashioned—and new-fashioned—board games.
Retailers
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Simon coveting restaurants, online retailers to fill mall space
Simon executives told analysts during a conference call Wednesday that the company has added 200 restaurants to its tenant mix in the past five years, 53 of which should open either this year or in 2017.
Simon raises dividend, outlook on solid quarterly results
The mall owner said funds from operations, a key performance measure, remained flat, but they beat analyst estimates by a penny.
HHGregg prevails in appeal over managers’ bonuses
HHGregg Inc. senior managers are not entitled to share in $40 million in life insurance proceeds from the 2012 death of executive chairman of the board Jerry Throgmartin, the Indiana Court of Appeals ruled Friday.
Back-to-school retail spending predicted to rise 11 percent
Families are more confident about the economy and ready to stock up on supplies, according to a survey from the National Retail Federation.
HHGregg nixing Indy distribution operations, cutting 40 workers
The struggling, Indy-based retailer says the move is part of a larger strategy that could save as much as $25 million over two years.
Zionsville approves Wal-Mart’s store plans from 2006
The decision came in response to a recent court ruling ordering the town to accept the giant retailer’s plans for a store on a 22-acre property on Michigan Road north of 106th Street.
Grocery wholesaler to lay off 187 after losing Marsh contract
C&S Wholesale Grocers Inc. says it will eliminate 187 jobs in Indianapolis and Yorktown because its contract with Marsh Supermarkets Inc. is coming to an end.
HHGregg loses yet another senior executive
The struggling appliances and electronics retailer says its senior vice president of marketing, ecommerce and strategy has resigned. He’s at least the 10th executive to leave the Indy-based firm since mid-2012.
More malls turning to unconventional tenants to fill vacancies
Most U.S. malls are still dependent on department stores to draw customers, but with consumers doing more shopping online, retail centers are increasingly relying on restaurants, entertainment amenities and even medical facilities to attract traffic.
HHGregg plans to expand high-end Fine Lines concept
The struggling retailer says it intends to more than double the number of its stores featuring the ritzy showrooms—an extension of its recent strategy to focus more on appliances and furniture.
Former WISH-TV anchor Halvorson lands job with Kroger
Eric Halvorson, who lost his job at WISH-TV late last year after 32 years an anchorman and reporter, has been hired by the Kroger Co.
Credit ratings firm says Carson’s parent in danger of default
Debt-laden Bon-Ton Stores Inc. operates just one store in Indianapolis, but that store is the largest tenant in Circle Centre—and considered a vital occupant for the downtown mall.
Developer plans $20M apartment project on Fountain Square block
Nearly an entire city block in Fountain Square soon could be redeveloped, with five old buildings getting torn down and a new five-story project springing up with retail space and 94 apartments.
Paradise Bakery & Cafe in Chase Tower to close Friday
Paradise already had indicated to its landlord that it wouldn’t renew its 10-year lease for the 4,700-square-foot space, which expires next year.
New state law allows distilleries to sell carryout 7 days a week
The new law lifts the ban on carryout sales for artisan distilleries, putting the businesses on par with wineries and craft breweries, which already sell alcohol on Sundays.
Zionsville decides not to appeal decision in Wal-Mart case
On Monday night, the Zionsville Plan Commission unanimously agreed not to pursue further legal action in the case that involves Wal-Mart’s initial store proposal from 2006.
Scotty’s fires management over ‘best butt’ award
Owner Scott Wise said he’s ordered additional sexual harassment training companywide—beyond the training managers already undergo.
Shopping malls laden with debt face day of reckoning
Experts estimate that several hundred shopping malls could shut down over the next decade after owners relinquish them to lenders rather than make steep loan payments.
Finish Line COO always looking to ‘add value’
Melissa Greenwell says she has never focused on the climb up the corporate ladder.