Carmel strip mall fire starts in doughnut shop
The fire began at a Dunkin’ Donuts shop Thursday morning, spread to a winemaking shop and threatened other businesses.
Retail
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Simon rival General Growth exits Chapter 11
General Growth exits bankruptcy with more than 183 regional malls in 43 states — a retail portfolio second only to Indianapolis-based Simon Property Group Inc., which failed in its bid to scoop up its rival earlier this year.
HHGregg shares swoon after quarterly report
HHGregg Inc.’s profit in its fiscal second quarter fell 20.4 percent from a year ago while expansion boosted revenue 45 percent.
Finish Line cash hoard could draw out suitors
Citigroup Capital Markets retail analyst Kate McShane has Finish Line near the top of her list of potential leveraged-buyout candidates.
Marsh rolls out new name at certain stores
The name change could be part of a strategy to rebrand Hometown Markets and make them more appealing for an eventual sale.
Plans for Kroger-anchored center in west Carmel fall through
The grocer might reconsider the Altum Garden’s site if economic variables change.
PROXY CORNER: The Finish Line Inc.
The Finish Line Inc., 3308 N. Mitthoeffer Road, Indianapolis, www.thefinishline.com, is a specialty retailer of brand-name athletic and leisure footwear, activewear and accessories.
Black-lit mini-golf course opens on Circle Centre’s fourth floor
Wichita, Kan.-based Opry GlowGolf LLC, which operates 20 similar courses around the country, took 6,500 square feet just up the escalator from the food court.
Prospects for City Market brightening at last
New tenants include fresh-item vendors such as a florist and produce shop, in addition to more healthful prepared foods such as juice, crepes and freshly prepared soup.
Vera Bradley shares off to impressive start
Stock in the Fort Wayne-based company began trading Thursday morning at $16 but climbed as high as $23.90.
INSIDE DISH: Entrepreneur eschews MBA, opens French cafe
Emilie Myers is getting all the practical experience she can handle as she and her mother (owner of Zionsville’s late The Pie Safe) try to push La Mie Emilie into the black.
Vera Bradley set to go public
The Fort Wayne-based company is scheduled to begin trading as a public company Wednesday morning. The estimated offering price is $14 to $16 each, although a Morningstar analyst predicts the IPO could bring as much as $18 a share.
Retailers opening new stores around Indy before holidays
OshKosh B’gosh will open its first Indianapolis store next to The Fashion Mall at Keystone.
Worker suit blasts Dick’s for ‘chronic understaffing’
The case alleges the sporting goods firm broke Indiana law by requiring employees to work when they were on break and at other times they weren’t on the clock.
Industry vet sees sectors on upswing, auctions booming
Jeff Henry, managing principal of Cassidy Turley, believes the commercial real estate market has seen the worst but isn't far off the bottom yet. Meanwhile, banks are beginning to jettison properties in a wave of auctions.
Broadbent subsidiary seeks bankruptcy reorganization
The owner of the building that houses the Music Mill concert venue listed assets of $1.4 million and liabilities of $1.3 million.
Finish Line introduces in-store kiosks to make custom T-shirts
Finish Line is testing touch-screen customization kiosks at its Greenwood Park Mall store. The kiosks, which look like oversize iPads, produce an individualized Nike T-shirt in about 15 minutes.
INSIDE DISH: Cajun couple plays to strengths
Deb and Carter Hutchinson, owners of Mooresville's unlikely Creole hotspot Zydeco's, have made a living through their gifts for shifting gears. Created on little more than a whim, the eatery thrives on its out-of-left-field approach.
Longtime car retailer closes on west side
National Car Sales, for years known for its commercials featuring basketball coach Bobby “Slick” Leonard, closed last week after more than 20 years in the market.
Colts may look to sell souvenirs through vending machines
Locally based MainGate is testing the new NFL merchandise sales technique in Minnesota. Indianapolis could be next.