Shoe Carnival bumps up forecast after sales increase
Shoe Carnival Inc.'s first-quarter sales grew more than 13 percent, to $189.5 million.
Retail
Articles
Cabela’s revs up expansion, but leaves Greenwood off list
The Nebraska-based outdoor retailer plans to open new stores again after a two-year, recession-induced halt on expansion.
But the company is not reviving its plan for the 96-acre plot it owns in Greenwood.
INSIDE DISH: Brugge Brasserie brews plans for expansion
The
Broad Ripple-based brewpub's owners bet its Belgian beer and vittles will go over just as well outside Indy. But first
they need $1 million from an investor, in part to streamline brewing.
Noble Roman’s reports lower profit, revenue
Indianapolis-based pizza and sub chain saw a decline in royalties and ongoing fees from franchisees in the first quarter.
Sahm’s to open tavern in downtown Indianapolis
The bar and restaurant will take about 3,600 square feet in the building, which has OneAmerica and ExactTarget as its anchor
office tenants.
April retail reports add up to respectable spring
Consumers took a breather in April after a strong March boosted by an early Easter. Overall, though, most retailers are likely
to be pleased with the spring selling season, analysts say.
Plainfield roadside diner added to landmarks list
The Plainfield Diner is among five endangered structures new to Indiana Landmarks' annual top 10 list released Wednesday.
Simon Property cooperating With FTC on Prime Outlets inquiry
Some retail tenants of outlet malls are concerned about Simon gaining too much market power should its acquisition of Prime
Outlets be approved.
INSIDE DISH: Papa Roux pops after stumbling at the start
Art Bouvier fled his corporate IT gig to open a small Cajun place without
a business plan or prior restaurant experience. After a number of blunders, Papa Roux looks like it will pan out.
All Things Automotive aims for national reach, 20 stores by year-end
GM’s axing of its Saturn brand may fuel the nationwide emergence of an Indianapolis-based used-car franchisor. The first All
Things Automotive franchise will open this month in Fishers, at the former Saturn store owned by Lockhart Automotive Group.
Entrepreneurial couples banking on demand for art
One art-collecting couple has opened a fine-art gallery in Zionsville, while the founder of a contemporary craft show is planning
a boutique in Irvington.
Work begins on Penn Arts apartment, retail project
Renovation work finally has begun on the building at 16th and Pennsylvania streets. Developer Christopher Piazza found two
equity partners for the project because banks were unwilling to lend.
INSIDE DISH: Mug-n-Bun rides on 50-year formula
IBJ's new video feature on restaurateurs tries curbside
service at Speedway's Mug-n-Bun, unchanged in concept since the 1960s but now sporting subtle tweaks.
With five new acquisitions, Skillman builds car-lot dynasty
Ray Skillman bought five car lots in the last 12 months from other dealers who have struggled during the recession. Skillman now ranks among the five largest dealers in the area, and his chain is poised
for even more growth.
Many retail locations plagued by vacancies
Vacancy rates unseen in 20 years are hampering efforts by developers.
Santorini owner realizes ‘American Dream’ with national honor
Fountain Square eatery owner Taki Sawi is one of only three restaurant operators to receive an award given by National Restaurant
Association every two years.
INSIDE DISH: Restaurateur rebounds with Pizzology
After a sales slowdown during the recession forced him to close the high-end eatery L'explorateur, Neal Brown mulled
a move into Neopolitan-style pizza with friendlier price points. The result—Pizzology Pizzeria & Pub—is off
to a profitable start.
Biglari’s comparisons to Buffett debated
Sardar Biglari has copied some of the trademarks of his investing idol, Warren Buffett, including a folksy annual letter to
shareholders. But Biglari is just starting his career and already is showing signs of taking a different approach than that
of the Oracle of Omaha.
Simon Property Group cranks up bid for General Growth
Simon Property Group upped its offer for rival General Growth Properties Inc., pledging to invest $2.5 billion in a reorganization
and match the terms of a bankruptcy exit plan led by Brookfield Asset Management Inc.
Local Scholars Inn sold, to reopen under new name
The Mass Ave. restaurant is set to become Mesh, which will feature a more casual atmosphere and menu, as well as a new operator who will
lease the space
from the building’s owners.