Smart-keg startup lands another $5.5 million
SteadyServ, the local firm behind the iKeg smart beer-management system, now plans to move into at least six new markets outside the Midwest.
Retailers
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Costco files plans to build its first south-side store
The retailer is asking the city to rezone nearly 11 acres on County Line Road near Emerson Avenue to build the store, fueling center and tire center.
Legislation tackles big-box retail valuation issue
The bill comes as assessors around the state worry that recent Indiana Board of Tax Review decisions in favor of Meijer and Kohl’s will force them to slash the value of big-box stores during the upcoming spring assessment cycle.
Radio Shack gets bankruptcy OK to close 45 stores in Indiana
RadioShack Corp. can start getting rid of its inventory right away, a judge said in approving the 94-year-old consumer-electronics chain’s request to begin store-closing sales. The list includes more than a dozen local stores.
Another clothing retailer files for bankruptcy
Cache Inc., which has a store in the Fashion Mall at Keystone, has filed for Chapter 11 protection and might liquidate its inventory. Simon Property Group is the retailer’s largest creditor.
Staples agrees to buy Office Depot for about $6.3 billion
Staples Inc. plans to acquire Office Depot Inc. in a deal that will reduce the U.S. office-supply industry to a single major chain and test the limits of antitrust regulators.
Largest Domino’s franchisee buying nearly 40 area stores
A franchisee that started with three Domino's stores in South Mississippi 34 years ago is buying 45 stores in Indiana from Bob Taylor, who owns more than 70 stores in the Hoosier state.
Amazon, Sprint eye stores that RadioShack might exit
On the edge of bankruptcy, RadioShack is moving toward a deal to sell a large portion of its 4,000-plus U.S. stores and close the rest, sources said.
Stout’s to shrink flagship store, setting table for restaurant
Stout's Shoes plans to downsize its flagship Mass Ave location, which it touts as the nation's oldest shoe store, to make way for a new restaurant and bar along the popular dining corridor.
HHGregg quarterly results fall short of expectations
The Indianapolis-based appliance, electronics and furniture retailer suffered through a tough end-of-the-year quarter that couldn’t be rescued by holiday shoppers.
McDonald’s CEO, an Indy native, steps down as sales decline
McDonald's CEO Don Thompson is stepping down as the world's biggest hamburger chain fights to hold onto customers and transform its image.
Frisch’s alleges ex-treasurer embezzled $3.3M
The company that owns dozens of Frisch's Big Boy restaurants in Ohio, Indiana and Kentucky alleges a former assistant treasurer stole an estimated $3.3 million in a multiyear embezzlement scheme.
Retailers rejected by Supreme Court on debit-card fees
The U.S. Supreme Court, without comment, left intact a Federal Reserve rule governing how much banks can collect for debit-card transactions.
Convenience chain going upscale as it plots new stores
Anderson-based Ricker’s new gas station and convenience store at 146th Street and Carey Road in Westfield offers made-to-order burritos and self-serve frozen yogurt. The Anderson-based company plans to use the Westfield site as a model for its next generation of stores.
Meijer tax ruling may reverberate statewide
The Indiana Board of Tax Review ruled in December that the East 96th Street Meijer store—one of the most successful in the state—should have been assessed in 2012 at the equivalent of $30 per square foot, not the $83 per square foot assigned by Marion County.
Prominent jeweler retrenches after auction of inventory
Despite an auction of inventory to satisfy a debt, Aronstam Fine Jewelers is in no danger of closing, the store’s owner says, thanks to the help of outside investors.
Clark Appliance preparing to liquidate inventory
The liquidation follows last month’s closing of the high-end appliance retailer’s store in Castleton and comes after a failed attempt to reorganize.
Growing church wants old Borders space in Carmel
Mercy Road Church is seeking to take over the former Borders bookstore at 116th Street and Keystone Parkway, transforming the long-vacant building into a long-term home for its growing congregation.
HHGregg expecting drop in year-end sales
The Indianapolis-based appliance, electronics and furniture retailer anticipates a 6-percent decline in sales for its quarter ended Dec. 31, despite strong e-commerce growth.
Clay Terrace bakery closes, 3 youth retailers to follow
Paradise Bakery & Café closed its location at Carmel’s Clay Terrace on Tuesday, leading off a mini exodus of retailers from the upscale outdoor mall.