Kroger quarterly results beat market expectations
Kroger Co., the leading grocer in Indianapolis in terms of market share, on Thursday reported earnings of $347 million in its fiscal second quarter, exceeding analyst expectations.
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Third specialty grocer eyes 146th Street corridor
The competition among specialty grocers is heating up along 146th Street, where startup Fresh Thyme Farmers Market is planning a store less than two miles from sector stalwarts Whole Foods and The Fresh Market.
Simon Property CEO says ‘no deal’ in Australia after report
The Australian reported that Indianapolis-based Simon may bid for CFS Retail, potentially keeping CFS’s premium shopping centers and selling second-tier properties.
Shapiro’s to open restaurant in Fashion Mall
The 4,200-square-foot restaurant will be about 60 percent smaller than Shapiro’s downtown flagship location, but will carry most of the same menu items the deli is known for, plus some new ones.
Ideal owners needed for tricky north-side properties
Size and age complicate the sale of several prominent structures in Boone and Hamilton counties.
Local Lotus dealership is one of only 42 in United States
Gator Motorsport opened in October as Indiana’s sole Lotus dealer. It’s owned by 41-year-old Young Kim, a first-generation Korean immigrant and Ball State University grad who fell in love with the British hand-built brand as a youngster growing up in Chicago.
Smarter Remarketer gets $7M in funding
Smarter Remarketer, an Indianapolis-based retail technology firm, said Aug. 27 that it has lined up $7 million in venture debt financing from Los Angeles-based City National Bank.
$1.25M from Finish Line helping build kids’ club
Boys & Girls Clubs of Indianapolis broke ground Aug. 27 on a 22,000-square-foot facility on the east side.
Antiques shop liquidation expected to draw big crowd
Red Ribbon Antiques, which opened its doors on Main Street in 1989, will open them one final time Sept. 6 to liquidate the inventory Gloria Holloway established over her 25-year business career.
Simon hands over Washington Square to lender
Simon Property Group Inc. has given up on the struggling Washington Square Mall, turning over control to a lender.
Plans for long-contentious Westfield corner gain steam
An Indianapolis-based development group is moving forward with plans for a CVS Pharmacy-anchored commercial development at the southeast corner of 161st Street and Spring Mill Road in Westfield.
Noble Roman’s dough rises with higher profit, revenue
The Indianapolis-based franchisor continues to focus on offering take-and-bake pizzas in grocery stores and stand-alone locations to grow revenue.
Building spree reshaping Broad Ripple Village
A rush of new office, residential and retail projects suggest real estate developers in Broad Ripple Village remain optimistic in the midst of high-profile incidents of crime.
Steak n Shake bringing menu fixtures to the freezer aisle
Officials of the 80-year-old chain believe selling steakburgers in groceries will further extend the Steak n Shake brand.
Mike’s Carwash splitting into two companies
The central Indiana locations of Mike’s will undergo a name change as part of the reorganization and will be called Crew Carwash effective Oct. 5. Other locations in Indiana, Ohio and Kentucky will retain the Mike’s name.
Amazon extends same-day delivery service to Indy
Beginning Wednesday, local customers who subscribe to Amazon’s Prime service can order items as late as noon and receive them by 9 p.m. the same day for a flat service charge.
Memories, recipes all that remain of Indy bakery chain
There were 34 Roselyn stores in Marion and the surrounding counties before the business was closed 15 years ago following revelations of insect and rodent infestation at its production bakery.
Walgreen turns down inversion, to keep HQ in U.S.
The nation's largest drugstore chain said it will no longer pursue an overseas reorganization that would have trimmed the amount of U.S. taxes it pays.
Love Culture’s plans approved over Simon’s objection
Love Culture Inc., the bankrupt clothing chain, won court permission to hold expedited store-closing sales, over the objection of unsecured creditors, including Indianapolis-based Simon Property Group Inc.
Simon suing ShopperTrak over use of mall cameras
A subsidiary of Simon Property Group Inc. is suing the world’s largest retail traffic counter, claiming it’s unjustly profiting from cameras installed in stores at Castleton Square Mall.