Craft beer chain to open $2.5M Broad Ripple location
Called HopCat, the bar will anchor the long-vacant corner space in the Broad Ripple parking garage on the southwest corner of College and Broad Ripple avenues.
Retail
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Wal-Mart jumps into the money-transfer biz, loudly
The world's largest retailer introduced a new money-transfer service Thursday that it says will cut fees for its low-income customers by up to 50 percent compared with similar services elsewhere.
Banks whittle down Indy-area branches
Since January 2013, banks have closed 35 branches in Marion County and surrounding counties but have opened only six new ones.
Chatham Tap crew buying ex-church for brewery, restaurant
The owners of two popular pubs on Massachusetts Avenue are delving into the trendy micro-brewery business with plans for a brewery and restaurant in a historic former church a few blocks away.
Landmark restaurant nears reopening after fire
Donna Tracy said her family is on schedule to reopen the Bluebird Restaurant in the Shelby County town of Morristown on April 28.
Indianapolis architectural salvage yards still in the hunt
The recession and lingering uncertain construction market put the shops through a withering shakeout, but several have found ways to thrive.
HHGregg shares plummet on warning of weak sales quarter
The Indianapolis-based retailer announced disappointing preliminary sales figures on Tuesday morning for its fiscal fourth quarter, which it blamed on horrendous weather in major markets.
Monthly retail sales jump by the most in 18 months
Sales of autos climbed 3.1 percent while sales at general merchandise stores, a category that covers retailers such as Wal-Mart and Target and department stores, increased 1.9 percent.
Steak n Shake sees appetite for organic
The Indianapolis-based burger chain won approval in late March from the U.S. Patent and Trademark Office to trademark the “organic signature steakburger.
Retailer Coldwater Creek going out of business
Coldwater Creek Inc., a 362-store women’s clothing chain that has four stores in Indianapolis-area malls, filed a Chapter 11 petition Friday to liquidate inventory in going-out-business sales to begin in time for Mother’s Day.
Family Dollar to close about 370 stores, cut jobs
The discount retailer, which operates nearly 50 stores in Indianapolis, said it will shut down underperforming stores as it tries to reverse sagging sales and earnings.
Kite sells three retail properties for $35.2 million
Indianapolis-based Kite Realty Group Trust, which is in the midst of a major merger, had decided that the three properties scattered across the country were “non-core assets.”
Study: Downtown Zionsville needs more restaurants
Downtown Zionsville merchants produce an estimated $21.9 million in annual sales, or about 9 percent of the town’s total spending power, according to a market-share analysis. The suggested goal: 13 percent.
Former HHGregg COO hired to lead bicycle retailer
BikeStreet announced Monday that it has hired Gregg W. Throgmartin as its CEO, the same day as his departure from HHGregg became official.
Shadeland Station shopping center bought for $9.5M
New York-based Time Equities Inc. acquired the northeast-side property that is anchored by a Marsh supermarket and 85-percent occupied.
CEO of Simon spinoff to run company from D.C. perch
Simon Property’s decision to name the new business Washington Prime had fueled speculation the company would end up based in the D.C. area. However, that apparently is not the case.
Noble Roman’s awarded $1.5M in battle with franchisees
The Indianapolis-based pizza chain is still waiting to collect after being locked in a years-long legal dispute over franchise agreements and royalties.
Simon plucks in-house execs for spinoff firm
Simon Property Group Inc. is reaching into its own stable of executives to stock the C-suite of its publicly traded spinoff for retail strip centers and smaller enclosed malls.
Fresh idea: Specialty grocers finally eyeing south side
The south side is beginning to receive at least some attention from grocery players, including specialty ones that are much more prevalent to the north.
Cabela’s chooses Noblesville for first central Indiana store
The announcement from the Nebraska-based outdoor retailer comes five years after it abandoned plans to build a store near Interstate 65 and County Line Road in Greenwood.