Starbucks to close all Teavana stores as sales disappoint
Four of Teavana’s 379 locations—which will all shut down over the coming year—are in Indianapolis-area malls.
Retail
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DINING: Revamped Fall Creek Place restaurant shifts emphasis to late-day breakfast
The interior of 22nd St. Diner holds no spinning-stool counter or revolving dessert display, and while there is an emphasis on breakfast foods, they don’t come in the standard diner shapes and sizes.
Vaping industry takes off after monopoly removed
Indiana’s once-struggling vaping industry is expanding again now that a new state law has eliminated a monopoly that strangled manufacturers’ ability to sell their products here.
Sports retailer stocks fall as Hibbett posts gloomy outlook
Hibbett, a sporting goods chain with more than 1,000 stores, including several in the Indianapolis area, announced bad news Monday morning. Shares of its competitors, such as Indianapolis-based Finish Line Inc., also fell.
Carson’s in Circle Centre is part of reeling department store firm
The parent company of Circle Centre mall’s sole anchor, Carson’s, is facing steep challenges, with some retail experts wondering whether it will be the next big chain to collapse.
Simon, Kite seek to dispel ‘retail apocalypse’ narrative
Some portfolio managers believe the market is painting the retail sector with too broad a brush. Yes, they say, many malls will go under, as will many retailers. But developers focusing on high-end properties—a description that fits both Simon and Kite—should fare just fine.
Kroger lays out plans for 11 former Marsh grocery stores
Kroger said it will first focus on reopening seven of the stores, spending $20 million on renovations.
Circle Centre announces additions to tenant mix
A store that specializes in denim, a new eatery and a souvenir shop have set their sights on the downtown shopping center.
Key HHGregg executives could pocket $675,000 in incentive bonuses
Executives eligible for the additional pay, if certain benchmarks are hit through the company’s bankruptcy, include Kevin J. Kovacs, HHGregg’s chief financial officer and acting CEO.
Apartments, grocery proposed in $32M renewal effort on key stretch of 38th Street
Plans are taking shape to revamp dilapidated and underdeveloped properties in the Maple Crossing area, north of 38th at Illinois and Meridian streets.
Local Safeway chain to reopen Marsh store in Beech Grove
The store was one of 18 of 44 remaining Marsh groceries that wasn’t acquired last month to either Kroger or Fresh Encounter, as part of Marsh Supermarket’s bankruptcy process.
Walmart selling Zionsville site for $7.5M despite winning court fight
After battling the town of Zionsville for more than 10 years, Walmart has decided it won’t build a store on Michigan Road after all.
Greenwood preparing to pay $1M for vacant strip center
City officials want to demolish an aging and vacant retail property adjacent to Greenwood Park Mall to possibly make way for a park, since the property now sits in a floodplain and likely cannot be redeveloped.
Office360 continues rapid expansion, plans to add 30 jobs by 2022
The nine-year-old office supply firm, which currently has 91 full-time workers, said it will invest $764,500 to update equipment at its 80,000-square-foot headquarters on the northwest side.
National children’s retailer closing five Indiana stores
Children's clothing retailer Gymboree Corp. is closing 350 stores—including multiple shops in Indiana—as its works to restructure in bankruptcy. The Indianapolis area did not avoid the closure list.
Wine market, bar slated for Fountain Square space
The new retail and gathering place is leasing a high-visibility spot on Virginia Avenue where plans for a Japanese bistro recently were abandoned.
More Sears, Kmart stores set for closure in Indiana
Sears Holdings Corp. announced plans Friday to close 43 more stores, including three Sears department stores and one Kmart store in Indiana.
Former GM site provides bounty of opportunity for developer
Ambrose Property Group is proposing a massive $550 million mixed-use project that would transform downtown’s western edge from afterthought to urban gem.
Right to use HHGregg’s name and other intellectual property fetches just $400,000
A small, little-known company purchased at auction the company’s intellectual property rights, besting a bid by a large retailer with a household name.
Fieldhouse snags deli chain for former Dunkin Donuts space downtown
A spokeswoman for the Texas-based chain says a franchisee is set to open later this year in Bankers Life Fieldhouse.