Simon Property stock continues to defy drumbeat of doom
Since David Simon became CEO in 1995, Simon Property shares have posted a total return of 2,150 percent—a dazzling run extending nearly two decades.
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Target to close Castleton store
Eleven underperforming locations in all will be eliminated by the Minneapolis-based retailer, it announced late Tuesday.
Sandor starts to build retail projects again
The locally based strip-center owner and developer is nearing completion of a small retail project near 106th and Michigan Road on the western edge of Carmel. It’s the company’s first retail project since the recession.
HHGregg shares fall on disappointing quarterly results
The company lost more than $10 million in its latest quarter as it saw comparable-store sales fall in every product category except home products.
St. Louis furniture retailer plans expansion into Indy
Weekends Only Furniture Outlet, which has five stores in the St. Louis area, plans to make its first expansion outside of its home market by opening a 92,000-square-foot store in Castleton.
Humane Society takes Steak n Shake fight to shareholders
The Humane Society has set its sights on Biglari Holdings, the firm that owns Indianapolis-based Steak n Shake, saying it has ignored requests to adopt animal welfare methods like its competitors.
Clark Appliance files Chapter 11 bankruptcy protection
In a letter to customers, company president Bob Clark said he has no intention of closing the 100-year-old business and is working to finalize a deal for financing to continue operating.
Meijer drops rezoning request for proposed Glendale store
The retailer had filed plans to rezone nearly an acre along East 56th Street and Keystone Avenue for a 200,000-square-foot store, which neighbors argued would bring too much traffic to the area.
Circle Centre bulking up street-side dining
Two more restaurants are set to join Yard House in vacant Circle Centre mall space along Maryland Street.
There’s an app for booze delivery coming to Indy
Retailer Big Red Liquors is expected to announce a partnership Thurday with Boston-based mobile-software startup Drizly to offer alcohol delivery service to consumers in the area.
Simon profit dips but outlook improves
Simon Property Group Inc. on Wednesday said its third-quarter profit fell due to recent costs related to refinancing its debt, but that otherwise performance for the quarter was strong.
Finish Line names new president from within
Samuel M. Sato joined the company in 2007 and previously had served as president of the Indianapolis-based retailer’s Finish Line brand.
Flat 12 venture with IndyCar star yields surprise sales success
Hinchtown Hammer Down beer, named for IndyCar driver James Hinchcliffe, is one of Flat 12’s top sellers and has become one of five in the brewery’s core lineup.
U.S. retail sales decline on falling auto, gas, clothing sales
Wage gains have been sluggish since the recession ended in 2009, and that's led many people to be more cautious about spending money.
Merchandise seized from Indianapolis flea market
Cpl. Brandon Thomas said excise officers had a search warrant for the Liberty Bell Carpet & Flea Market on the city's east side when they seized the items Sunday.
Breweries test limits of craft beer boom
In the last two years, the number of microbreweries operating in Indiana has roughly doubled, to 96. But can the industry sustain such blistering growth, especially in Indianapolis, where much of the activity is occurring, without foaming over?
Forecasters expect 4.1-percent rise in holiday spending
Americans are expected to spend at the highest rate in three years during the upcoming holiday shopping season, according to the nation's largest retail industry trade group.
Wal-Mart cuts health benefits for most part-timers
Starting Jan. 1, Wal-Mart will no longer offer health insurance to employees who work less than an average of 30 hours a week. The move, which would affect 30,000 employees, follows similar decisions by Target, Home Depot and others.
$20M project on tap for Mapleton-Fall Creek area
The planned $20 million senior housing and retail project could help breathe new life into a blighted neighborhood that’s sorely in need of investment.
Running guru Kennedy joins Athletic Annex ownership
Bob Kennedy has become a partner of the longtime northwest-side specialty running and walking retailer, while maintaining his ownership of a three-store chain in San Diego.