Finish Line co-founder retiring as chairman
Alan Cohen will be succeeded by Glenn Lyon, who will retain his position as CEO.
Retailers
Articles
HHGregg’s profit slips despite higher revenue
HHGregg had a profit of $10 million, or 25 cents per share, in the quarter ended March 31 on revenue of $417.2 million.
Hat World to acquire Sports Avenue stores
Locally based Hat World has agreed to acquire the assets of Sports Avenue, an Illinois-based competitor that operates 46 retail
stores and 13 branded e-commerce sites. Terms of the deal where not disclosed.
Downtown merchants sponsor new farmer’s market
Goldman Jewelry, J.P. Parker Flowers and Shapiro’s Deli plan a Tuesday evening farmer’s market on the south side of downtown
Indianapolis beginning June 1.
Upcoming ICSC convention will offer insight into growth plans for retailers
Retailers are feeling pangs of optimism at an opportune time for the developers and real estate brokers who rely on them
for survival: The year’s biggest retail real estate gathering is May 23-25 in Las Vegas.
Cabela’s revs up expansion, but leaves Greenwood off list
The Nebraska-based outdoor retailer plans to open new stores again after a two-year, recession-induced halt on expansion.
But the company is not reviving its plan for the 96-acre plot it owns in Greenwood.
April retail reports add up to respectable spring
Consumers took a breather in April after a strong March boosted by an early Easter. Overall, though, most retailers are likely
to be pleased with the spring selling season, analysts say.
Simon Property cooperating With FTC on Prime Outlets inquiry
Some retail tenants of outlet malls are concerned about Simon gaining too much market power should its acquisition of Prime
Outlets be approved.
Entrepreneurial couples banking on demand for art
One art-collecting couple has opened a fine-art gallery in Zionsville, while the founder of a contemporary craft show is planning
a boutique in Irvington.
Kroger fined over worker’s death at Franklin store
State regulators have issued a $17,000 fine against Kroger Co. over a warehouse accident that led to a worker’s death.
Circle Centre arcade reopens under new ownership
Texas-based Tilt Family Entertainment acquires GameWorks chain, which closed last month, leaving gaping hole on fourth floor
of mall.
Tenant exit leaves Circle Centre 4th floor almost vacant
Departure of GameWorks arcade leaves another 27,000 square feet of vacant space on the mall’s fourth floor, which has struggled
for years to
keep tenants.
Fishers approves $19M auto mall development
The town has agreed to create a tax-increment financing district to help fund infrastructure improvements for Butler Automotive
Group’s proposed development.
Famous handbag maker hits local retailers with lawsuits
In an effort to crack down on knockoffs, famous handbag designer Coach Inc. has hit at least three local retailers with trademark-infringement
lawsuits.
Fishers Town Council delays vote on $19M auto mall
If the council gives its blessing, construction could begin this spring on Butler Automotive Group’s five-dealership development
along State Road 37. About 230 jobs could be created.
Shoe Carnival profit beats estimates
Evansville-based shoe and apparel retailer reports strong sales of boots and athletic footwear.
Retail sales show unexpected increase
Retail sales posted a surprising 0.3-percent increase in February as consumers did not let major snowstorms stop them from
storming the malls.
Hearings on Walgreens’ bid to sell alcohol continued
The Illinois-based drugstore chain is seeking to sell beer and wine at 29 of its stores in Marion County. Opponents argue
that the county already has granted enough permits.
Downtown shakeup: Tea Cozy closes, Sahm’s moves, Urban Elements expands
Check out a roundup of big changes for the downtown restaurant scene including Tea Cozy, Sahm’s and Urban Element, plus a
new fitness option at the Majestic Building.
HHGregg’s faster growth boosts risk, potential rewards
HHGregg Inc. had been in business nearly a half century when it hit the 50-store mark in 2004. It plans to open nearly
that number within the next year.