Dick’s boosts annual forecast despite slumping golf sales
The sporting goods chain with eight area stores saw its stock rise as much as 10 percent Tuesday morning. The retailer is benefiting from the demise of its biggest rival.
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Home Depot sees record sales as U.S. home construction rises
Home Depot operates more than 2,250 stores, including four in Indianapolis and one each in Carmel, Noblesville, Greenwood and Greenfield.
Suburban megachurch expanding into downtown with big purchase
Traders Point Christian Church has acquired a 104-year-old building at the corner of 12th and Delaware streets and plans to spend $2 million to renovate it.
Roundup: Wine bar uncorking Broad Ripple locale, downtown sub shop closing
Louie’s Wine Dive is poised to take prime space in Broad Ripple that’s been vacant for years, while Penn Station is leaving West Washington Street and heading south.
Holy Cross becomes salvage hotbed with four shops within walking distance
A salvage hub of sorts is taking shape on the near-east side now that another antique shop with a familiar name has opened in the area.
Trees cleared from senior-living site without proper permits
Developers that stripped a high-profile parcel on the north side of its trees months ago to prepare the site for a $13 million senior living center did so without receiving proper permitting.
Builder bets on West Clay retail area
A developer is poised to tackle the remaining vacant commercial property in the heart of Carmel’s Village of West Clay.
Citimark planning $33M office campus near downtown Fishers
In a development deal with Fishers, Indianapolis-based Citimark plans to purchase the 23-acre site that includes the long-vacant former Charles Schwab regional client center and the building that houses Launch Fishers.
Retailer Macy’s plans to close another 100 stores
Macy’s operates three Indianapolis-area stores—at Glendale Shopping Center, Castleton Square and Greenwood Park Mall.
Renderings detail $30M apartment project under way near Fashion Mall
The apartment project, part of the larger River North development, has a name now and should begin welcoming its first residents late this year.
Steak n Shake same-store sales streak ends after 29 quarters
Steak n Shake same-store sales slipped 0.7 percent in the latest quarter as customer traffic at those locations fell 2.1 percent. The decline ended a streak that started in 2009.
Greenwood OKs TIF funds for $7M distillery, restaurant
The Greenwood Redevelopment Commission on Tuesday approved a tax-increment financing plan for a business group that wants to build an alcohol distillery, brewery and restaurant on a 12-acre site along Main Street, east of Interstate 65.
Struggling retailer HHGregg plans closures for six stores
The electronics and appliance retailer also announced more personnel moves, including the appointment of a new chief financial officer.
Plan for event center in former Lockerbie church faces pushback
Several residents of the historic downtown neighborhood fear the center will bring excessive noise and trash to the area, in addition to creating more parking problems.
Logan’s Roadhouse files for bankruptcy, plans closures
The operator and franchiser of more than 250 roadhouse-themed restaurants, including four in the Indianapolis area, said it plans to close 18 under-performing restaurants as part of the reorganization plan.
HHGregg fills senior marketing vacancy, other key positions
The Indianapolis-based retailer promoted Chris Sutton to senior vice president of marketing, following the departure last month of his predecessor. It also hired two merchandising execs.
Average U.S. farmland prices suffer first drop since 2009
The trend hasn’t yet hit Indiana, according to the latest numbers from the U.S. Department of Agriculture, but numbers from a Purdue University survey released earlier this month say otherwise.
Roundup: The Boiling, Jack’s Pizza opening downtown; Metro Diner adding third outpost
Seafood restaurant The Boiling is taking space where its oddly named predecessor lasted mere months, while Metro Diner is coming to a college campus.
Red Cross, new CEO adjust to different way of working
Chad Priest took the reins of the Indiana Region of the American Red Cross in the aftermath of drastic chapter closures and in the midst of preparations to relocate the Indianapolis headquarters.
Downtown Ruth’s Chris to undergo $2M renovation as stakes rise
The steak house will close for three weeks in early September to allow for updates to the 20-year-old space in Circle Centre. It faces growing competition downtown among red-meat purveyors.