Luna Music closes Mass Ave. store
Closure leaves locally owned independent record shop with one location, in Meridian Kessler, as the industry struggles to compete with digital downloading.
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Altum’s staying put at current west Carmel location
The nursery on Michigan Road had planned to move to a smaller piece of land about four miles north, but hasn’t found a buyer. Kroger nixed a deal to buy its property last fall.
Borders closing another local bookstore
The Ann Arbor, Mich.-based bookstore chain, which filed for Chapter 11 bankruptcy reorganization last month, announced yesterday it would close the Border’s store in the Shops at River Crossing near the Fashion Mall.
Shoe Carnival reports record annual profit
The Evansville-based shoe and apparel retailer said it earned $26.8 million in its last fiscal year. The company also reported record same-store sales.
STYLE: A pair of local designers rack up retail space
While most local designers have thus far forgone the operating cost of a brick-and-mortar boutique, these opt for a tangible location
Retail sales up 1 percent in February
Shoppers snapped up new cars, clothing and electronics gadgets in February, pushing retail sales up for the eighth straight month.
Retail chain Family Leisure finding new identity
Recreational product superstore Family Leisure changed its name from Watson’s two years ago, but it could take years before the company led by Kevin Prefontaine builds the kind of brand equity tied up in the old name.
Law student taps connections for shoe startup
Arsene Millogo is sitting out the current semester at IU School of Law-Indianapolis to work on his own line of running shoes, a startup he and three friends financed with more than $50,000 of their own money.
Appellate court upholds state alcohol permit quotas
Judges’ decision deals blow to state’s package liquor stores, which sought to stop the Indiana Alcohol and Tobacco Commission from issuing new permits until the judges could clarify state quota laws.
INSIDE DISH: Arsenal owners’ ploy is gaming plus grubbing
Gameroom lords Andrew Chang and Troy Branam want players to come for Dungeons & Dragons and stay for the Wizards Gumbo.
Blockbuster selling movie-rental chain to creditors
The bankrupt chain will immediately close 609 stores. The company declined to comment on whether any of the 20-some stores in the Indianapolis area will be among the casualties.
Marsh agrees to settle labor complaint
Marsh Supermarkets Inc. has agreed to pay a total of $42,500 to settle a National Labor Relations Board case accusing the grocery chain of interfering with workers’ attempts to unionize.
UPDATE: Borders files bankruptcy, to close 2 area stores
Borders will close its downtown-Indianapolis and Carmel stores as part of its plan to shutter about 30 percent of its stores nationally.
Retail sales rise again despite severe weather
Shoppers pushed retail sales up for a seventh straight month in January, but the increase was the weakest since June.
Inspectors find Indiana tobacco sales to minors declining
A partnership called the Tobacco Retailer Inspection Program said Monday that sales of tobacco products to teen-agers occurred in less than 4 percent of more than 8,400 inspections.
FTD, Groupon get complaints, offer flower refunds
The online coupon site Groupon.com and flower company FTD Group Inc. are offering refunds after getting complaints that a Valentine's Day flower deal wasn't so sweet.
Indianapolis customers line up for Verizon iPhone
Customers waiting outside the Verizon Wireless store in Castleton early Thursday wanted two things: iPhones and warmth.
Entrepreneurs plan microbrewery for Fountain Square
A group of entrepreneurs plans to open Fountain Square Brewing Co., possibly this summer, in a former carburetor-repair shop.
Dreyer & Reinbold expanding racing operations
Carmel-based team is building a 12,000-square-foot addition at its headquarters that will house a state-of-the-art machine shop outfitted with high-tech milling machines manufactured by Indianapolis-based Hurco Cos.
HHGregg reports higher profit, lower same-store sales
The Indianapolis-based appliance and electronics retailer lowered its fiscal 2011 outlook on soft demand for pricier televisions and appliances.