Convenience stores remount challenge to cold-beer laws
Convenience stores in Indiana are appealing a decision from a federal judge in June that continued to prohibit them from selling cold beer.
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Ex-HHGregg manager’s lawsuit grows into class-action
The lawsuit now includes 62 current and former HHGregg employees who claim they were denied incentive bonuses totaling about $5 million.
Fletcher Place gains destination status
Fletcher Place on the southeastern edge of downtown for years served as little more than a pass-through for folks traveling between downtown and Fountain Square. But the triangle-shaped historic neighborhood is starting to carve out its own identity by drawing more residents and visitors to patronize the restaurants and drinking establishments sprouting along Virginia Avenue.
HHGregg ditches ad campaign, returns to former agency
The Indianapolis-based retailer is going back to Zimmerman Advertising a year after parting ways with the firm and just two months after unveiling a “brand transformation.”
Kite completes $1.2B Inland acquisition
The deal swells Kite’s roster of properties to more than 130, giving it a higher profile, greater operating efficiencies and more clout in negotiations with tenants.
Simon sues insurance companies over fatal escalator accident
The mall manager has filed a lawsuit against two insurance companies claiming they should have covered its loss stemming from a teenager’s escalator fall in 2009.
Finish Line reports strong quarter as same-store sales rise
Sales at stores open at least a year climbed 5 percent, and the company’s website improvements and relationship with Macy’s also helped to drive profit.
Carmel retailers play defense against U.S. 31 construction
Business has skidded for some eateries along the corridor as work crews transform it into a limited access highway. Proprietors are reaching out to customers with promotions but gripping the bottom line.
Washington Prime buys Clay Terrace stake from Lauth
Simon Property Group spinoff Washington Prime Group on Monday announced deals worth about $326 million involving at least seven shopping centers, including Clay Terrace in Carmel.
Judge finds ‘rational’ reasons for restricting cold-beer sales
Judge Richard L. Young ruled the state has legitimately drawn a line by only allowing liquor stores to sell cold beer.
Noblesville firm plans $3M East 16th Street investment
Slane Capital is developing the project for Better Retail, which plans to move its headquarters from Hamilton County while converting the dilapidated structure just east of the Monon Trail into a hub for food-and-beverage startups.
MCL stays fresh as cafeteria rivals slide into decline
The company that Charles O. McGaughey and his partner, George Laughner, started in 1950 has outlived thousands of Indiana restaurants—chains and mom-and-pops alike—and remained profitable through the changing tastes and trends of seven decades.
Bloomington puts new rules on chain businesses
The City Council voted Wednesday night to require what it calls standardized businesses seeking to open a downtown storefront to obtain a special zoning permit.
Roberts leaving downtown location as part of $2.5M expansion
The retailer of photo, video and electronics equipment will move from 255 S. Meridian St. to larger downtown space at 220 E. St. Clair St. Roberts plans to add 35 workers by 2018.
Peapod sees Indianapolis as big growth market
Peapod Inc. has discovered fertile ground in Indianapolis despite a crowded field of grocery competitors, said Scott DeGraeve, senior vice president at the country’s oldest and biggest online grocery-delivery service.
Indy’s musical roots remain alive at Jazz Kitchen
For the past 20 years, the Jazz Kitchen has offered live jazz seven nights a week, serving as an incubator for local acts and touring musicians alike.
HHGregg’s board is bullish, but analysts remain skittish
The company scarfed up $49 million of its stock under a buyback program that ran from May 2013 to May 2014. And last month, the company launched a new buyback program, this one for $40 million.
Shares of Simon spinoff dip in early trading
Simon Property Group has revised its earnings forecast with the Thursday launch of spinoff firm Washington Prime Group.
Washington Prime shares set stage for NYSE debut
Shares of the fledgling, Indy-based firm hovered just under $21 in advance trading on Wednesday morning, providing a window to its official open Thursday on the New York Stock Exchange.
Shares of Simon Property spinoff to begin trading
Washington Prime Group Inc., listed under the “WPG” ticker symbol, will begin trading Thursday. The new real estate investment trust will own 98 retail properties, including 13 in Indiana.