Lids Sports Group narrows focus after profit evaporates
The Zionsville-based retailer continued to grow but saw profit plummet after it moved beyond its core business of selling sports caps.
Real Estate
Articles
Salesforce’s McCorkle: ‘We’re going to hire 50 percent more people’
Speaking in a cafe his company recently opened in downtown’s Gibson Building, Salesforce Marketing Cloud CEO Scott McCorkle re-affirmed hiring plans and left the door open for the Connections conference to return to Indy.
Roundup: Bakersfield expanding on Mass Ave; Mr. Tequila coming to Fletcher Place
The Cincinnati-based Mexican restaurant is set to increase its seating by 25 percent by taking storage space in adjacent Stout’s Shoes, while Mr. Tequila replaces short-lived Nourish Innovative Local Cuisine & Cocktails.
Area home builders have best February since 2007
Indianapolis-area home builders had their best February in almost a decade last month with a big surge in new-home buying.
IPS board postpones vote on proposals for Mass Ave site
Originally set to vote Thursday, board members decided they needed more time to examine proposals for redeveloping the former Coca-Cola bottling plant site and to get feedback from neighbors.
Chipotle expects first quarterly loss after food-safety crisis
Chipotle Mexican Grill Inc., which has a dozen Indianapolis-area locations, saw sales fall for at least the third straight month in February.
Airport chair delays vote on medical project, cites Hogsett concerns
Airport authority board Chairman Kelly Flynn sent an email Tuesday evening to other board members, telling them “we need to take a step back” on Athlete’s Business Network’s plan.
Noble Industries plans $6.1M expansion of Noblesville HQ
Noble Industries has purchased five acres to the south of its existing property for a 52,400-square-foot expansion of its 70,000-square-foot facility. The expansion will allow it to almost double employment.
Low gasoline prices drag down U.S. retail sales
Sales were generally weak across the board: Auto dealers, electronics and appliance stores, grocery stores and department stores all reported lower sales.
Big Car to open two new arts spaces by Garfield Park
The not-for-profit is set to unveil its sound-art venue Listen Hear on Shelby Street and the Tube Factory art space less than a block away near Garfield Park.
Plainfield spending $25M to upgrade public safety facilities
The growing Hendricks County town plans to build a new fire department headquarters and two fire stations, in addition to other improvements.
Fresh Market grocery chain acquired for $1.4 billion
Fresh Market, which operates five stores in Indiana, including three in the Indianapolis area, has been sold to buyout firm Apollo Global Management.
UPDATE: Team pitching plan for airport site calls off forum
A company that wants to build a $500 million medical center at the Indianapolis International Airport has suddenly postponed a community forum to explain the plan and answer questions.
INDOT awards $21.7M contract for I-69 interchange at 106th Street
The Indiana Department of Transportation awarded the contract to Chicago-based Walsh Construction for the new interchange at 106th Street and Interstate 69, INDOT announced Friday.
Area existing-home sales continue to slide
Sales of existing homes in central Indiana are off to a slow start this year after falling in February, marking the 10th decline in 11 months.
Indiana OKs alcohol sales change for daylight saving time
Indiana residents might lose an hour of sleep this weekend when daylight saving time returns, but they won't lose any time to buy alcohol early Sunday.
Owner of Men’s Wearhouse, Jos. A. Bank to close 100s of stores
Tailored Brands Inc., which owns a dozen men’s clothing stores in the Indianapolis area, announced the cost-cutting plan after sales slid during the holidays.
Lawmakers act to curtail ‘dark box’ property valuation method
There could be some relief in sight for local governments that were losing tax revenue due to the so-called “dark box” valuation method of commercial property in their counties.
Breakfast chains flock to Indy to quench underserved appetite
Breakfast chains a step above the likes of Bob Evans and Cracker Barrel are finding Indianapolis as comforting as a stack of blueberry pancakes.
Celadon eyes Mount Comfort for $20M headquarters
Publicly traded Celadon Group Inc. has had its headquarters at East 33rd Street and Mitthoeffer Road in Indianapolis since 1996. The company is looking elsewhere because that 40-acre site has no room for expansion and is landlocked.