Nordstrom occupies a staggering 210,000 square feet spread across three floors—60 percent more space than the Seattle-based chain occupies at the Fashion Mall at Keystone and likely more than any single retailer would be willing to lease.
Anchor store Carson Pirie Scott negotiated a new lease in January, giving the downtown mall added stability at a key time.
Consumers open wallets for drivers who aren’t front-runners this year.
Yoga apparel specialist, store geared toward teens plan local presence.
Company President Erik Nordstrom said sales have fallen by half at the Circle Centre mall store since Nordstrom opened a Keystone Crossing location in 2008. The downtown store will close July 31.
Indianapolis-based HHGregg boosted its fourth-quarter profit thanks to 42 stores that opened during 2010, off-setting decreased sales at retail locations operating for more than a year.
Nordstrom plans to close its store at Circle Centre mall, dealing a substantial setback for downtown. The Seattle-based chain was scheduled to announce the closure to employees at a mandatory staff meeting Thursday morning, a person familiar with the plans told IBJ.
Directors of the historic building have notified the pizza restaurant that it needs to have its equipment removed by the end of the day on Friday after the two sides could not agree on a new lease.
Indianapolis-based Simon Property Group Inc. said Monday that it will open an outlet shopping center in Ontario, the first of the shopping mall owner's line of Premium Outlets-brand shopping centers in Canada.
After 25 years at La Margarita, stabilizing sales and surviving family tragedy, owner Lori Rangel-Grubbs is branching out to Fountain Square.
A federal magistrate ruled in favor of David Marsh in an attempt by lawyers for Marsh Supermarkets to depose him in the company’s lawsuit against his father, ex-CEO Don Marsh.
A new brief in a lawsuit against former CEO Don Marsh alleges he had an affair with a Russian ice ballet director, bankrolled with company funds.
Attorneys for Marsh Supermarkets say the grocery chain's former president defrauded the company of millions of dollars, using it as his "personal piggy bank" to fund extramarital relationships.
The chocolate beverage Choc-Ola, launched in the 1940s and pitched to a generation of fans in the 1970s by Cowboy Bob on WTTV-4, is hitting store shelves again. South-side entrepreneurs Dan Iaria and Joe Wolfla are leading its comeback, landing an 18-state distribution deal.
Frozen yogurt businesses are sprouting up all over the Indianapolis area, with owners hoping to cash in on the public’s appetite for what they perceive as a healthy treat.
Finish Line’s main competitor had bypassed Indianapolis at it chose locations for its concept store that sells Nike-brand basketball shoes and apparel.
Odyssey Map Store in downtown Indianapolis will close Aug. 31 after a 27-year run. The owners attribute the closing to the proliferation of GPS devices and smart phones.
The revised law that takes effect July 1 requires that only those who appear to be younger than 40 show ID when buying alcohol. But some retailers who embraced the stricter provisions say they're not ready to give customers the benefit of the doubt.
Tim Williams learned to make big changes on the fly during the first year of his fledgling Broad Ripple eatery, including scrapping counter service, adding a wait staff and revamping the menu.
The owners of a new microbrewery in Fountain Square, slated to open by mid-August, plan to differentiate the business by focusing on the "convergence of art and science" in brewing.
