HHGregg reports higher profit, lower same-store sales
The Indianapolis-based appliance and electronics retailer lowered its fiscal 2011 outlook on soft demand for pricier televisions and appliances.
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Indiana lawmaker pushes Sunday sales of alcohol, cars
Indiana shoppers would be able to buy a six-pack of beer or a new car on Sundays if state Sen. Phil Boots is successful in rolling back two of the few remaining blue laws still in effect in Indiana.
Simon Property’s quarterly profit rises on improving retail sales
Earnings for the Indianapolis-based shopping mall owner increased to $217.9 million in the fourth quarter, up from $91.5 million in the fourth quarter of 2009. Funds from operations, a key measurement used by real estate investment trusts, also improved.
Several new restaurants opening in Indianapolis
The new dining spots include a few home-grown businesses that are opening in or near Broad Ripple.
INSIDE DISH: Squealers goes whole hog on franchising
Jeff Yater has ushered his meat-lovers concept from the barbecue competition circuit to two Indy-area restaurants. Now he wants to recruit wannabe franchisees with $500,000 and a passion for chicken, beef and pork.
Settlement struck in HHGregg dryer lawsuit
The deal, which could become final next month, stems from a lawsuit brought by a group of consumers accusing the Indianapolis-based appliance retailer of improperly installing dryer vents.
Lender seeks to foreclose on Castleton Plaza
German American Capital Corp. claims the owner of the strip mall, Castleton Plaza LP—a subsidiary of Broadbent Co.—owes it $10 million. The lender is requesting the property be sold at a sheriff's sale to help satisfy the debt.
Judges to hear challenge to state’s alcohol permit process
A panel of Indiana Court of Appeals judges on Monday will consider a complaint from the Indiana Association of Beverage Retailers, which insists too many competing drugstores are receiving beer permits.
Bill advances to set 40 as Indiana’s alcohol ID age
The bill would change a much-ridiculed law that took effect last summer requiring everyone — regardless of age — to be carded for carryout alcohol.
St. Louis firm pursuing local retail, industrial properties
Bianco Properties has purchased its fourth Indianapolis property in less than five years and is pursuing more deals here.
Ritter’s Frozen Custard franchisees reopening stores
As a new owner revamps the Ritter’s business plan, at least four of the frozen custard stands in the area have either opened or are set to reopen in the same locations where they previously operated.
New restaurants line up along 82nd Street
A second Harry & Izzi’s location is set to open on the stretch between Castleton Square and the Fashion Mall.
State lawmakers consider repealing alcohol ID bill
An Indiana law that requires all people—regardless of age—to show identification when buying alcohol has caused headaches for some shoppers, but liquor store representatives are urging lawmakers not to repeal it.
Family Dollar plans 350 jobs in northeast Indiana
A $70 million investment in a new distribution center by the North Carolina-based discount retailer is expected to create up to 350 jobs. The facility should be operational by spring 2012.
INSIDE DISH: Venezuelan chef keeps day job, hatches big plan
Daniel Blanco took a serious shot at the restaurant biz, working 19-hour days as both a truck driver and owner of a South American eatery, with more on the way.
Lego plans first Indiana store for Castleton Square
The roughly 1,200-square-foot shop is scheduled to open in late March or early April.
Marsh hit with second federal labor charge
National Labor Relations Board accuses supermarket chain of intimidating employees at its Beech Grove store for supporting an attempt to unionize. The charges follow a similar complaint NLRB made in November involving Marsh’s Georgetown Road store.
OfficeWorks acquires competitor’s local operations
Fishers-based furniture dealer and office space designer is purchasing the assets of Columbus, Ohio-based Continental Office Environment’s Indianapolis location on East 33rd Street. Both companies are Herman Miller dealers.
Marion, Ind., chain balloons to 620 mobile-phone stores
The chain’s growth got a boost last year when it landed a deal to operate 164 cellular shops inside HHGregg stores.
New local restaurants open for business
The former owners of Arturo’s have opened another eatery, this time in Carmel’s Arts & Design District.