Shoe Carnival profit beats estimates
Evansville-based retailer earned $9.2 million in its fiscal first quarter, on strong sales of athletic and toning footwear.
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Dunkin Donuts angling to take over Bonjour building
Dunkin Donuts and Baskin-Robbins could soon take over the former home of Bonjour Cafe & Bakery at Meridian and 24th streets
if the owner wins city approval to add a drive-through.
Local liquor chain buys four stores in Kentucky
United Package Liquors’ purchase of Bowling Green locations could be start of larger company expansion, CEO and president
says.
UPDATE: Water-main break closes part of Castleton Square
Simon Property Group spokesman Les Morris said 110 out of 130 mall stores were open late this morning.
Battered banks don’t see light at end of tunnel
Credit problems continue to bedevil banks big and small, many of them caused by soured commercial real estate loans.
INSIDE DISH: Bonge’s Tavern survives, thrives in the boonies
Despite setbacks including a devastating lightning strike, Tony Huelster of Bonge's Tavern
has turned the middle-of-nowhere eatery into a dining hotspot.
Finish Line co-founder retiring as chairman
Alan Cohen will be succeeded by Glenn Lyon, who will retain his position as CEO.
HHGregg’s profit slips despite higher revenue
HHGregg had a profit of $10 million, or 25 cents per share, in the quarter ended March 31 on revenue of $417.2 million.
Hat World to acquire Sports Avenue stores
Locally based Hat World has agreed to acquire the assets of Sports Avenue, an Illinois-based competitor that operates 46 retail
stores and 13 branded e-commerce sites. Terms of the deal where not disclosed.
Downtown merchants sponsor new farmer’s market
Goldman Jewelry, J.P. Parker Flowers and Shapiro’s Deli plan a Tuesday evening farmer’s market on the south side of downtown
Indianapolis beginning June 1.
Lawrence Village inks J.C. Hart deal, seeks retail developer
The Fort Harrison Reuse Authority has approved the sale of a 6.6-acre site to Carmel-based J.C. Hart Co. for development of a 217-unit apartment community.
Simon plans to rejoin retail leasing event
Simon Property Group Inc. plans to rejoin the giant leasing mall at the annual ICSC convention in Las Vegas, where 25 percent
of the nation’s retail lease deals are consummated.
INSIDE DISH: Ambrosia’s Pizzi hits learning curve
Local restaurateur Gino Pizzi refocuses his new downtown locale after unexpected challenges, including higher costs
and lackluster lunch business.
Upcoming ICSC convention will offer insight into growth plans for retailers
Retailers are feeling pangs of optimism at an opportune time for the developers and real estate brokers who rely on them
for survival: The year’s biggest retail real estate gathering is May 23-25 in Las Vegas.
Big stock run-up puts pressure on HHGregg to deliver
High expectations already are baked into HHGregg Inc.’s stock price, which has doubled since last May. A disappointment could
spawn a sell-off.
Gavel flies on muscle car auction
"My Name is Earl" and "Charlie's Angels" cars are among the more peculiar offerings
at the 1,750-vehicle
Mecum Auction Co. collector car sale that runs through Sunday at Indiana State Fairgrounds.
INSIDE DISH: Real estate deals central to success for Santorini
Shrewd moves have allowed restauranteur Taki Sawi to cement Santorini Greek Kitchen in Fountain Square and pave the
way for future expansion.
Resurgent Finish Line eyes plan for cash hoard
Finish Line Inc. is working to deploy the money it has built up through cost-cutting. The 684-store
chain plans to reinvest in its core business, return cash to shareholders through higher dividends and share repurchases,
and diversify its business.
Unorthodox pay package puts Biglari on defensive
Sardar Biglari, chairman and CEO of Biglari Holdings Inc., the Texas-based parent of Steak n Shake, rolled out a hedge-fund-style
compensation plan for himself late last month that could put staggering sums in his pocket.
Ritter’s buyer embarking on custard chain turnaround
After purchasing the Franklin-based company two years ago, TruFoods says it now is positioned to seek franchisees in an attempt
to grow the Ritter’s chain to 100 locations within five years.