Shoppers flood stores in bargain-hunting spree
Faced with smaller crowds of less confident consumers, as well as six fewer days between Thanksgiving and Christmas than last year, retailers are pouring on margin-eating discounts to grab market share.
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Pizza Hut offers job back to man who refused to work Thanksgiving
The pizza chain's corporate office issued a statement saying it respects an employee's right to not work on the holiday and that the store owner has agreed to reinstate the employee.
Summit awarded leasing of troubled BMO Plaza
The tall task of signing tenants for the troubled BMO Plaza, which sits nearly half vacant, has been handed to Summit Realty Group.
Design firm moving to new downtown space
Rowland Design Inc. was set to move from its longtime Lockerbie Square location to 702 N. Capitol Ave., adjacent to the Cultural Trail, on Nov. 30.
DMD’s Thies pushing for better design, more projects
Adam Thies, 36, arrived from the private sector in October 2012 and is beginning to put his stamp on the government agency that guides city development
Westfield gearing up for big hospitality play
Westfield’s massive Grand Park Sports Campus doesn’t open until March, but city leaders already are focused on making sure the 1 million-plus visitors they expect next year want to come back.
Fountain Square project would need city subsidy
Three proposals to develop a city-owned parking lot come with the caveat that they’ll likely need city assistance ranging from “very little” to “a lot.”
Carmel complex’s new owner plans major upgrade
Zeller Realty Group has acquired the 300,000-square-foot Meridian Plaza right on Carmel’s front door step, and is gearing up for a $4 million revamp.
Holiday sales could ride on lower gasoline prices
Many retail analysts have forecast a ho-hum sales gain of about 2 percent this year; others predict an increase of up to 3.9 percent. But steadily cheaper gas could send holiday sales shooting above 5.4 percent, analysts say.
U.S. home permits rise at 5-year high on apartments
U.S. developers received approval in October to build apartments at the fastest pace in five years, a trend that could boost economic growth in the final three months of the year.
Roundup: Specialty grocer, Italian and Thai eateries, and new nano-brew concept
Fresh Thyme prepares to enter the Indianapolis market while Wal-Mart pushes its Neighborhood Market concept. Also, Olive Garden expands and a Thai restaurant opens downtown.
Finish Line shares continue climb after upgrade
Two investment analysts raised their ratings for Finish Line on Monday, saying the Indianapolis-based athletic shoe and clothing retailer has the opportunity for margin recovery and a stronger online performance.
New Carmel company to boot J.C. Penney off S&P 500
J.C. Penney, which is trying to bounce back from its worst sales year in two decades, will be replaced by Carmel-based electronic security company Allegion, which is being spun off by Irish industrial conglomerate Ingersoll-Rand Plc.
Americans reluctant to spend on holidays without big deals
Since the recession began in late 2007, stores have had to offer financially-strapped Americans ever bigger price cuts just to get them into stores. But those discounts eat away at profit.
Gershman co-founder goes solo
A heavy hitter among commercial real estate developers has left the firm he helped found more than 20 years ago, to start his own company, and has taken most of its employees with him.
Home builders race to meet demand
Slow but steady growth in central Indiana’s new-home market has chipped away at the supply of available lots, leaving developers and builders scrambling to keep up with demand.
‘Wedding cake’ house gets new residents after long vacancy, suspected arson
The historic Kemper House on North Delaware Street is no longer vacant, occupied by a couple who would seem to be ideal residents.
Northwest Indiana restaurants part of El Rodeo raids
The raids at La Carreta restaurants in Merrillville and Schererville were part of a larger investigation that targeted El Rodeo restaurants in the Indianapolis area, Lafayette, West Lafayette and Richmond.
$12M apartment project serving homeless vets
The $12 million, 75-unit complex officially opened Tuesday on the city’s near-west side as the first supportive housing facility for homeless veterans.
New Eskenazi hospital offers heavy dose of artwork
At 1.3 million square feet, the new hospital has plenty of room to display art, most of which was purchased with contributions from donors. The hospital is set to open Dec. 7.