Gloomy outlook continues for retail giant Macy’s
Macy’s Inc., the largest U.S. department-store company, is still suffering from sluggish mall traffic and increased competition from other stores and off-price retailers.
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Struggles for Lumber Liquidators drag into new year
Lumber Liquidators Holdings, which has three stores in the Indianapolis area, saw its stock tumble Tuesday after it reported weak sales results brought on by allegations that it sold tainted flooring.
Staples, Office Depot scrap merger after judge blocks deal
Staples and Office Depot on Tuesday called off their planned $6.3 billion merger after a federal judge blocked the deal, saying the combination would likely hurt competition in office supplies. The chains have about 15 Indianapolis-area stores.
Mainstreet Health to seek $95M in Canadian share offering
Mainstreet Health Investments Inc. is headquartered in Toronto but controlled by Carmel-based real estate developer Mainstreet Property Group.
Pittman family properties in $2.4M estate could be auctioned
Heart surgeon John Pittman’s offspring have been feuding in court since September about how to handle real estate in Carmel and Zionsville.
Developer proposing 12-story student-housing tower downtown
Georgia-based Landmark Properties wants to build the project on a triangular surface lot along Indiana Avenue that it’s buying from a local developer.
J.C. Penney plans major push back into appliance business
J.C. Penney says it's expanding its rollout of major appliances to nearly 500 stores by this fall, or almost half of its stores.
Background checks for guns climb dramatically in Indiana
Indiana is on a pace to shatter last year's record of more than 1 million background checks.
Developer wants $5M from city for Anderson Wigwam overhaul
Leaders of Indianapolis-based BWI told the Anderson Redevelopment Commission that the money is needed to secure an additional $6 million by selling tax credits to investors.
Whitestown wins annexation lawsuit for part of Perry Township
A ruling from the Indiana Court of Appeals will allow 622 acres of unincorporated Perry Township to be absorbed into Whitestown after the Indiana Supreme Court declined to hear the case.
Next challenge for Salesforce is filling 800 open positions
After announcing aggressive expansion plans on Friday, the tech giant faces some headwinds as it tries to recruit talent that’s sometimes in short supply in Indianapolis.
Carmel’s attempted annexation of Home Place back in court
Attorneys on both sides of the lengthy annexation battle that involves a 1,017-acre area of unincorporated Clay Township are now debating whether residents receive all the public services they need without assistance from Carmel.
Salesforce as top tenant makes tower more marketable, expert says
With Salesforce.com establishing a 250,000-square-foot regional headquarters in the soon-to-be-christened Salesforce Tower Indianapolis, the building should become much more alluring when its owner shops it for sale.
Salesforce plans to hire 800, attach its name to downtown tower
The tech company on Friday is expected to announce its intention to add hundreds of workers and sign a naming-rights deal for the state’s tallest building.
Speedway spends $92 million on seating, screens, elevators
This month, the Indianapolis Motor Speedway completed one of the three largest renovations in its 107-year history.
Feud pits Highland Country Club against neighbors
Homeowners who live just south of the golf club’s southern border fret about the future of the White River bluffs if Highland proceeds with controversial plans to sell 20 acres for residential development.
Fishers plans to get pickier about development along I-69
Mayor Scott Fadness announced Thursday that he would introduce two ordinances next week that would give the city more oversight of any new project near the 116th and 106th Street interchanges of I-69, regardless of whether it meets existing zoning standards.
Roundup: Big Woods set for Speedway; Metro Diner joins crowded breakfast market
Big Woods prepares for the race crowd; Florida-based Metro Diner finds Indianapolis appealing; and the newest hotel opens downtown.
Two Indiana stores on Aeropostale’s closure list
Clothing retailer Aeropostale, once the vibrant epicenter of the shopping mall scene, is seeking Chapter 11 bankruptcy protection and closing 113 of its 739 U.S. stores.
Engineering firm HQ lands on Speedway’s revitalized Main Street
The refurbished Rosner building will get its first and largest tenant later this year when the engineering firm picks up stakes at its Indianapolis headquarters.