The Interview Issue: Bruce Pallman
Roberts Camera moved in 2014 from its longtime downtown location on South Meridian Street, which owner Bruce Pallman said has benefited the company amid fickle times in the camera business.
Retail
Articles
City councilors seek restrictions on booze-cruising pedal pubs
Under rules to be proposed next week, operators of foot-powered trolleys on Indianapolis streets would need to be licensed and insured. City councilors also hope to address noise complaints.
Holiday sales predicted to grow, but big chains to get smaller piece
Consumers are expected to buy more Christmas and other holiday gifts from niche retailers this year, pulling spending away from big store operators.
HHGregg adds IndyCar team owner to board
Michael Andretti, owner of Andretti Autosport, has become a director following a sponsorship deal between the struggling retailer and the racing team.
Tesla would scale back Indiana operations under a legislative proposal
A Tesla executive said a proposal to prohibit direct-to-consumer auto sales would, if passed, prompt the company to make a U-turn with respect to expanding operations in the state.
Downtown Georgia Reese’s to be replaced with new steakhouse
Restaurateur Gary Brackett plans to replace his Georgia Reese's Southern Table & Bar in downtown Indianapolis with a steakhouse called CharBlue by the end of the year, he announced Monday.
Chief exec has big plan to revive struggling Toys R Us
The chief executive who turned around Domino’s Pizza is trying to do the same for the problem-plagued Toys R Us chain, which has several stores in Indianapolis. Toymakers have every reason to be rooting for him.
Developer of Coke site plans to preserve much of historic building
The CEO of Hendricks Commercial Properties says saving the structure as part of a massive $260 million redevelopment is important to "everything we're trying to create there."
Golfsmith bankruptcy brings fresh woes to Under Armour, Nike
Golfsmith, which has 109 stores in the U.S. and 55 in Canada, filed for Chapter 11 bankruptcy on Wednesday. The retailer has one store in Indianapolis.
Fast-casual dining chain Newk’s planning 15 eateries in Indiana
Newk's Eatery announced Thursday that it has reached a development agreement with local investors to open 15 locations in the Indianapolis area and southern Indiana over the next several years.
E-commerce firm investing $4.75M to open 75-worker Plainfield fulfillment center
VMInnovations will distribute everything from electronics to baby products from a 160,000-square-foot building it is renovating at 2812 Airwest Blvd.
Aeropostale wins approval of $243 million sale to mall group
Teen clothing retailer Aeropostale Inc. won court permission Monday to sell its assets to buyers led by Indianapolis-based Simon Property Group Inc. and General Growth Properties Inc.
Kroger expects to earn less this year on falling prices
The Cincinnati-based supermarket operator—the No. 1 grocery player in the Indianapolis area— said Friday it was hurt by falling prices of eggs, meats and other products, forcing it to lower its earnings guidance for the year.
Kohl’s buys massive Plainfield warehouse, plans 900 jobs
The retailer announced that it has acquired a 937,000-square-foot distribution center in Plainfield where it hopes to hire 900 employees by early 2020.
Simon Property-led group wins bid to keep teen retailer alive
A consortium led by Indianapolis-based mall giant Simon Property Group Inc. and rival General Growth Properties Inc. has won an auction for the assets of Aeropostale Inc., with a plan to keep open at least 229 of the bankrupt teen retailer’s stores.
Chain restaurants feeling sales squeeze
Diners are choosing among more options—and often favoring independent restaurants to chains.
Stock swoons at Lids’ parent after company cuts outlook
Shares in Genesco Inc.—parent of Zionsville-based Lids Sports Group—dropped almost 30 percent Thursday after the company reported lower-than-expected sales in the second quarter and downgraded its full-year outlook.
Gun store argues no liability for straw sale linked to officer’s shooting
Lawyers for an Indianapolis gun store sued for making an illegal straw sale of a firearm that was used to shoot an Indianapolis police officer argued Wednesday that Indiana gun sellers are shielded from civil lawsuits even when they break the law.
Simon part of group trying to save at least 229 Aeropostale stores
Without the rescue, it appears the teen fashion retailer’s remaining stores are heading for liquidation, an event that will put about 10,000 people out of work. Aeropostale has five Indianapolis-area stores.
Butler debuts $43M dorm, prepares to demolish another
The work is all part of a long-term university plan that includes more than $130 million in new construction.