Liquor store chain wants to intervene in lawsuit
Attorneys for 21st Amendment have filed a motion to intervene in the suit filed by the Indiana Petroleum Marketers and Convenience Store Association and several store owners.
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New retail downtown sitting idle
A flood of downtown apartments coming on the market is leasing up quickly, but much of the attached retail space continues to languish as some begin to wonder whether the residential boom will create enough retail demand.
HHGregg reports smaller loss on improving same-store sales
The company reported a loss of $1.3 million, or 4 cents per share, for its latest quarter, compared with a loss of $5.7 million, or 16 cents per share, in the same period a year ago.
Specialty grocer on wish list for MSA development
Flaherty & Collins, the developer of the 28-story tower, “would love to have a Whole Foods” or similar grocer as a retail tenant. With one Marsh two blocks away and another under construction nearby, the project begs the question whether the area can support three groceries.
Cell phone retailer to establish Carmel office, hire 145
One of the largest private firms in Indiana, Moorehead Communications will occupy a 47,000-square-foot building that it acquired earlier this year. The project will run about $5 million.
Finish Line sees profit slip on Macy’s costs
In addition to announcing quarterly results, the retailer said longtime president and chief operating officer Steve Schneider will move into the position of executive vice president of strategic initiatives.
Proxy Corner: Vera Bradley Inc.
Vera Bradley Inc., 2208 Production Road, Fort Wayne, Ind., 46808, sells handbags, accessories, paper-and-gift items and travel items through 65 retail stores, 11 outlet stores, 3,400 specialty stores and through verabradley.com.
Closeout chain sets sights on Carmel: ‘Everybody likes to save a buck’
“Value-oriented” retailer Ollie’s Bargain Outlet plans to open a store in Carmel this fall as part of a push into Indiana. How will the market respond?
Tight credit or no credit? HHGregg wants your business
The Indianapolis-based appliance and electronics retailer is quietly making a fundamental shift to cast its net more widely—starting with stepped-up promotion of its private-label credit card.
Broad Ripple project takes heat at Village meeting
Jeering and catcalls greeted officials from Browning Investments, which has proposed the $18 million residential and retail development along the Central Canal.
Denver-based firm laps up BlueMile running chain
BlueMile, a local six-store running specialty chain, has been acquired by a group that includes Indianapolis-based sports goliath The Finish Line Inc. The deal is expected to speed BlueMile’s expansion.
Kennedy partners with Olympic runner to buy shoe chain
Indiana running icon Bob Kennedy believes Movin Shoes Inc. has great potential for growth. Its California location doesn't violate Kennedy's non-compete agreement with Indiana’s BlueMile chain.
HHGregg’s stock swoons after quarterly report disappoints
The Indianapolis-based retailer saw a big drop in earnings in its latest quarter on decreased sales, lower profit margins and higher advertising expenses, it said Monday.
HHGregg earnings sink on declining sales
The Indianapolis-based retailer saw a big drop in earnings in its latest quarter on decreased sales, lower profit margins and higher advertising expenses.
Lids acquiring Kentucky sporting goods chain
The CEO of a private equity firm that helped fund the Lexington-based Fan Outfitters chain said new regulations imposed by the Affordable Care Act prompted the group to look at the offer from Lids.
Convenience stores sue to sell cold beer in Indiana
An industry trade group filed a lawsuit Tuesday morning contending that Indiana liquor law is unconstitutional and unfairly benefits liquor stores.
Circle Centre hanging in despite anchor vacancy
The downtown mall last year saw its sales per square foot increase to $354, a 5.3-percent increase from 2011, according to an annual operating report it provides to the city. But non-anchor occupancy slipped below 90 percent.
Colts-themed restaurant could reopen with Irsay’s aid
Indianapolis Colts owner Jim Irsay has pledged to throw the owner of the Blue Crew Sports Grill a lifeline by paying his rent until the football season starts in September.
Meijer might finally be coming to Anson
Construction paperwork indicates the store will be almost 200,000 square feet and employ 100 people.
Kite buys Castleton Crossing center for $39M
The retail center, off East 82nd Street, near Interstate 465 and Allisonville Road, is fully leased and is anchored by HomeGoods, Burlington Coat Factory and Shoe Carnival.