Target has big quarter amid intense retail environment
Target topped expectations in just about any measurable way during the second quarter. The retailer’s stock rose 18 percent Wednesday morning.
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Eleven Fifty Academy moving headquarters to downtown Indianapolis
The academy plans to spend $5 million to move its headquarters from Fishers to Indianapolis, officials for the 5-year-old coding school announced Tuesday.
Kimpton hotel project gets green light for big addition, rooftop bar
Construction of a ritzy hotel in one of downtown’s oldest towers is expected to start by the end of the year, now that the property’s owner has received approvals for changes to the building from historic preservation officials.
Department stores making room for used fashion as resale becomes mainstream
The moves mark the most dramatic evidence of how resale is becoming so mainstream that traditional sellers can no longer ignore it.
Central Indiana home builders snap 7-month slump with big July
It was the most-active July for single-family construction permit filings since 2006, when 746 permits were filed during the month.
Global gas manufacturer seeks $2M tax break on $38.3M project
An affiliate of Germany-based Messer Group wants to build a new facility on the south side of Indianapolis for making atmospheric gases for health care providers, food processors, and glass and metal fabricators.
Memory Bank: Donut and a movie in the 1950s
A theater stood at 150 N. Illinois St. from 1915, when it opened as Keystone Theatre, through 1924 when it became the Alamo Theatre (and charged 10 cents per ticket), until it closed in 1959, about 15 years after it was renamed Rodeo Theatre.
IPS could shed more property to cut costs, boost efficiency
The district next month plans to issue a request for proposals for a comprehensive study of all 71 of its schools and other buildings.
Should this building be saved?
Historic preservationists and midtown neighborhood leaders don’t want to lose the Drake apartment building that its owner, The Children’s Museum of Indianapolis, plans to raze.
Plus-sized retailer with two local stores going out of business
Women’s retailer Avenue Stores LLC is closing all 222 of its locations in 33 states, the company announced this week.
U.S. retail sales rise strongly in sign of consumer optimism
Online retailers, grocery stores, clothing retailers and electronics and appliance stores all reported strong gains.
IU Health opening 3 more urgent care centers, including one downtown
The clinics are designed to treat patients quickly for such things are earaches, nose bleeds, twisted ankles and rashes, eliminating the need to go to a busy emergency room or wait several days to see a primary care doctor.
Former site of downtown bar could become office, apartment project
A group of local investors is considering adding two floors to the former home of The Varsity Lounge, which dated back to the 1940s.
Martinsville sock-maker FBF Originals ready to run
The Morgan County town’s best-kept entrepreneurial secret might not be a secret much longer, thanks to private equity ownership, an expanded management team, and ambitious plans to double revenue.
Memory Bank: Printing papers, binding books
William Mitchell founded Mitchell Printing Co. in 1856 in Greenfield. It initially printed the Greenfield Sentinel newspaper and, starting in 1859, the Hancock Democrat, as well as other brochures, books and journals.
What Sardar Biglari needs to fix to save Steak n Shake
The hedge fund manager, who gained control of the Indianapolis-based chain a decade ago, is facing challenges on many fronts—from declining customer traffic to a looming loan maturity.
Bottleworks adds two more tenants to Garage Food Hall lineup
Vendors who sell seafood and distilled spirits have signed leases in the food hall portion of the $300 million Bottleworks development at 850 Massachusetts Avenue.
Wei Ramen restaurant preparing to open downtown
Upstairs from Wei Ramen, and under the same ownership, Indy Cyber Cafe plans to offer coffee, desserts and a pay-for-use business center.
Women’s retailer Charlotte Russe to reopen in Castleton Square
The company shut down all five of its Indianapolis-area stores earlier this year after filing for bankruptcy, but the brand has a new owner that is reopening stores in some locations.
Walgreens to shut 200 U.S. stores as part of cost-cutting plan
The Deerfield, Illinois-based company operates more than 18,000 stores worldwide, including 55 or so in the Indianapolis area.