The developer of Nora Plaza is planning a $2 million redevelopment of a building that formerly housed Café Nora in the popular north-side shopping center, and anchor Whole Foods is expanding into 5,700 square feet of space north of its existing store.
Dwain Underwood charges the retailer should have included in its bonus calculations a $40 million life insurance payout it collected after executive chairman Jerry Throgmartin died last year.
Investors may be undervaluing Biglari Holdings Inc., which owns Steak n Shake outright and holds 20 percent of Cracker Barrel.
The Indianapolis developer said the bankruptcy filings are intended to prevent lender Bank of America from forcing the sale of RiverPlace Shops in Fishers, Raceway Market Shops in Indianapolis and Greenwood Crossing in Greenwood.
Animal control officials who raided an Indianapolis pet store that failed an annual inspection say they found hundreds of dead small animals as well as other creatures living in filthy tanks and cages.
CEO Dennis May said: "We see the HHGregg of the future as a home products store that also sells consumer electronics."
A family dispute involving the owners of Gerdt Furniture & Interiors Inc. has led to a lawsuit accusing them of owing nearly $4 million in unpaid rent and loans.
As local activists push for stronger steps to curb disruptive gatherings by teenagers at local shopping malls, Simon Property Group is standing by a corporate policy against restricting access to its properties.
Bloomington-based Big Red Liquors is expanding into Indianapolis by acquiring the assets of United Package Liquors Inc. and taking over operations of the chain’s 24 local stores.
Michigan-based Penske Automotive Group Inc. has acquired 20 Hertz car rental outlets in Indiana and plans to add at least five locations.
HHGregg Inc. on Tuesday hired its third chief merchandising officer in just over a year as the Indianapolis-based electronics retailer continues to struggle to overcome plummeting sales of televisions.
Lawyers for Marsh Supermarkets Inc. and its former CEO will meet Monday on the issue of whether Don Marsh should have to repay the roughly $2.1 million in severance he received from the company.
The locally based grocery chain said it is shutting down the stores rather than renew leases. Following the closings, Marsh will have 91 stores in Indiana and Ohio.
The Indiana House on Thursday approved a bill regulating cash-for-gold stores, which have proliferated since gold prices shot up in 2008.
Here’s what we don’t know: what it will look like, what amenities users can expect, and how it will link to rapid-transit lines still in the planning stages. At the moment, the 1.9-acre parcel is a city-owned parking lot, situated on the south side of Washington Street between Delaware and Alabama streets. But architecture, urban planning and mass transit fans imagine it as an empty canvas, with the potential to showcase a signature structure that triggers more development nearby.
The bill would require the state to suspend the business license for a year of any retailer caught selling synthetic drugs or lookalikes.
The move would combine the No. 2 and No. 3 office supply retailers and lead to consolidation in an industry that analysts say is over-stored. Office Depot has eight stores in the Indianapolis area and OfficeMax has five.
A company lawyer itemized the expenses Marsh Supermarkets believes it is owed during closing arguments Friday. A lawyer for Don Marsh argued that he neither committed fraud nor breached his contract.
The panel of nine will begin closed-door discussions Friday afternoon following closing arguments from attorneys representing Marsh Supermarkets Inc. and the former CEO of the company accused of spending $3.3 million of company funds on personal expenses.
Lawyers for the former CEO of Marsh Supermarkets on Thursday hammered home their claims his expenses were widely accepted in the company as normal business costs, while witness testimony revealed a corporate culture that passed the buck on evaluating those costs.
