Saturn’s loss, Byrider’s gain
J.D. Byrider, the Indianapolis chain of used-car lots, is courting Saturn dealers to come into the fold as Byrider franchisees.
Retail
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Anderson gas-station chain sues BP after 32-store deal sours
Ricker Oil’s Oct. 22 suit claims British petroleum giant BP is charging unjustified royalty fees while delivering no boost
from its national advertising, its proprietary IT system or its bulk purchase pricing.
Steak n Shake’s Biglari adds intrigue by buying stake in insurer
The Indianapolis-based company’s CEO revealed earlier this year that he intends to use Steak n Shake as a holding company
that will pursue purchases “either related or unrelated to its ongoing business activities.”
Downtown upscale eateries cancel their lunch plans
While fast food remains a favorite for value-minded patrons, several higher-end restaurants in the Mile Square and its nearby
environs have decided in the last year to pull the tablecloth out from under their lunch service.
Steak n Shake nearer to merger with steak chain
Under terms of the deal, Steak n Shake will pay Western Sizzlin shareholders $22.9 million and Western will pay its shareholders
a $15.9 million stock dividend, making the total deal worth about $38.8 million.
Haunted houses avoid recessionary letdown because they offer escape
Even in bad times
people want to be entertained.” Nationwide, roughly 2,000 haunted houses, hayrides and other attractions
rake in $1 billion annually of the $7 billion consumers spend on Halloween, according to St. Louis-based trade group Hauntworld
Inc.
Bankruptcies, store closings help Halloween shops scare up space
Like zombies coming to life in a low-budget horror flick, the Halloween specialty shops that invade empty store fronts are
groaning with activity.
New not-for-profit coffee shop in Fletcher Place will raise money for charities
The new coffee shop named for Calvin Fletcher, one of the city’s first lawyers, will give money to groups such as Second Helpings.
Yats opening new concept near Central Library
Yats plans to open a new restaurant and bar concept in the first floor of the The Ambassador apartment building next to the
Central Library.
Panel rejects major alcohol sale proposals for state
An Indiana legislative committee recommends carryout sales of alcohol remain banned on Sundays, and liquor stores stay the
only place to buy cold beer.
New coffee shop named for Fletcher Place founder
Local investors have opened a new coffee shop in Fletcher Place they plan to turn into a not-for-profit to raise money for
local charities.
Northeast-side CVS gets nod
The Metropolitan Development Commission has given its blessing to a new CVS store along 82nd Street just east of Interstate
69 over the objection of city planners.
Amusement center taking space in Clay Terrace
A children’s amusement center is taking over the former Circuit City space at Clay Terrace in Carmel.
Bloomington mayor to roll out chain-store ordinance for downtown
Bloomington Mayor Mark Kruzan believes this beloved college town loses a bit of its identity every time a national chain sets up shop.
Efforts target blight on 16th
A stretch of 16th Street could see new life as the Indianapolis Housing Agency plans to redevelop a troubled low-income housing project and Kroger revives efforts to acquire land and plan a new supermarket to replace a cramped, old-format location.
O’Malia’s closing northside market after 33 years
The O’Malia’s Food Market near 56th Street and Emerson Avenue will close for good this weekend after a 33-year run.
Shopping center vacancies continue to climb
Vacancies at U.S. shopping malls and retail strip centers have climbed to steep levels, a trend that Indianapolis-based commercial
real estate companies Simon Property Group Inc. and Kite Realty Group Trust haven’t been able to dodge.
City approves new CVS store
The Metropolitan Development Commission has given its blessing to a new CVS store along 82nd Street just east of Interstate
69.
Underage alcohol program nabs 370 retailers
An Indiana State Excise Police initiative that uses underage customers to catch retailers selling alcohol to people under
age 21 netted more than 370 violations across Indiana in only three months.
Kroger ads in Star grab attention, raise eyebrows
A new eye-grabbing advertising design in The Indianapolis Star has some wondering where ad content stops and news
content begins.