Sale of HHGregg name could lead to brand’s resurrection
HHGregg Inc. will be history once the Indianapolis-based appliance and electronics chain wraps up store-closing sales at the last of its 220 locations this spring. Or will it?
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Downtown dining institution Elbow Room set to close
The pub opened in 1933, shortly after the 21st Amendment repealed the prohibition on alcohol. Its 124-year-old home, one of the few remaining flat-iron buildings downtown, soon will be available.
New plans emerge for former Omar Bakery site on East 16th
A homebuilder wants to tear down the vacant, century-old building and construct 34 townhomes on the site, which is in the middle of an area on the rise.
Regional appliance retailer planning stores in Indianapolis area
Grand Appliance and TV, a family-owned chain with 20 stores in Illinois, Wisconsin and Iowa, is set to open its first Indiana store in July, with hopes of filling part of the void left by the closure of HHGregg.
Fast-casual eatery chain planning north-side location, six more in Indy
Founded in 2015, the New York-based chain featuring bowls of greens, grains and bone broths is in the midst of a major expansion calling for hundreds of locations.
Central Indiana home builders see another uptick in demand
Filings for new homes in central Indiana rose 3 percent in April—marking the 20th monthly increase in demand over the last 24 months.
Real estate crowdfunding firm graduates to first apartment property
A local startup with about 100 investors is making bigger acquisitions by progressing from rental homes to apartments, starting with a complex in Garfield Park.
Sears CEO lashes out at suppliers trying to ‘take advantage’
Sears Holdings Corp. CEO Eddie Lampert vowed to fight back against suppliers trying to take advantage of his company, saying that “dire predictions” about the struggling retailer’s future have hurt its position with vendors.
Marsh likely will need federal bailout for $76M pension shortfall
A federal agency likely will step in and pick up the unfunded-pension tab once Marsh Supermarkets exits Chapter 11 bankruptcy. That's not an unusual situation for companies that have been owned by private equity firm Sun Capital Partners.
U.S. retail sales rebound after sluggish winter, but not at all stores
Americans stepped up their spending at auto dealers, hardware stores and e-commerce outlets as retail sales rebounded in April. Sales fell, however, in general merchandise stores.
Marsh bankruptcy documents show Sun Capital no longer in control
Sun Capital Partners has relinquished controlling ownership of Marsh Supermarkets to a limited liability company that plans to sell the assets of remaining stores at auction a month from now, bankruptcy papers show.
Neighbors try to save 86th Street woodlands from development
A developer wants to build a $20 million office and retail building at the northwest corner of East 86th Street and North Keystone Avenue.
UPDATE: Marsh Supermarkets files for Chapter 11 bankruptcy protection
The struggling grocery chain announced the move Thursday morning as it seeks a buyer for all or some of its remaining 44 stores.
Roundup: Mass Ave Toys space to reopen as international beer bar
The bar and restaurant chain featuring more than 500 brews should open downtown by the end of the year. Meanwhile, Mass Ave Toys is ready to debut its new north-side home.
Steak n Shake’s same-store sales slide again, profit falls
Sales at Steak n Shake locations open at least 18 months fell 3.3 percent in the first quarter, continuing a slide that began last year.
Kroger plans timely job fair amid Marsh’s closing spree
Kroger said it didn’t plan the event to take advantage of the Marsh closings, but it welcomes the local grocery chain’s former employees. The grocer is looking to fill more than 300 positions.
Marsh plans to close all stores within 60 days if buyer isn’t found
The supermarket chain told state officials on Monday that it would close 16 stores within the next two months, if it can’t find buyers or business partners. But in fact all of Marsh’s stores will shut their doors if the company comes up empty-handed.
Experts: Endangered downtown Marsh locations attractive to competitors
If Marsh’s two downtown stores close, as the struggling grocer has warned could happen within two months, the locations likely would attract interest from rival supermarket operators.
Westfield council votes against Wood Wind housing plan
Plans for the 856-home project, initially pegged at 780 acres, were introduced in August. Even after developer Pulte Homes made major revisions, the Westfield City Council on Monday scuttled the plans.
Marsh warns of 16 more store closings, 1,454 job cuts if buyer isn’t found
The struggling supermarket chain warned the state Monday that that it is prepared to close the stores—including 11 in the Indianapolis area—within 60 days if it can't find buyer for the company.