Property at busy crossroads finally attracts buyer
Environmental and zoning issues had made the property at the southwest corner of Keystone Avenue and Kessler Boulevard difficult
to sell.
Retailers
Articles
Metropolis mall purchased by Israel firms
Aviv Arlon Global Ltd. pays $52 million for shopping center, which was in court-appointed receivership. Former real estate firm Premier
Properties USA Inc. developed Metropolis, with an investment of $160 million.
Funeral company in 129th year keeps fresh perspective
Flanner and Buchanan Funeral Centers sometimes stretches the definition of “funeral” to stay relevant after nearly
130 years. The family-owned business began downtown and has grown northward along with the city’s population. Today,
it has 14 funeral centers and conducted 2,200 funerals last year.
Strong Shoe Carnival profit beats estimates
Sales of toning footwear helped the Evansville-based company post record earnings in its fiscal second quarter.
Popular toning shoes give big boost to The Finish Line
Despite controversy over whether they live up to their hype, so-called toning shoes—a category created from thin air
just a few years ago—are flying off store shelves nationwide and are on pace to ring up almost $1 billion in revenue
this year.
Indianapolis retailers plan new stores, relocations
A new restaurant near Lucas Oil Stadium is among several new or relocated retailers around the city.
Simon mall deal gives big boost to cell-phone coupons
The partnership between Simon Property Group and technology company Shopkick Inc. is a
big step in realizing retailers’ long-held dream of using cell phones to beam ads and coupons to people passing by.
INSIDE DISH: Kelties eyes return to salad days
Owner and chef Keltie Domina is relying on cost-cutting, an uptick in sales and her talent for shifting strategies
to dig out of a recession-based deficit.
New store openings drive HHGregg profit
Indianapolis-based appliance and electronics retailer opened 26 new stores in its fiscal first quarter and earned $2.7 million
in profit.
Nordstrom confirms plans to open Rack store in Indianapolis
IBJ first reported in May that Kite Realty Group Trust had recruited Nordstrom Rack and The Container Store as likely anchors of a redevelopment of the Shops at Rivers Edge.
UPDATE: Walgreens goes 0-for-4 in pursuit of liquor permits
Drug store chain pulls two applications, while local board rejects its request to sell booze at a store on East Washington
Street and deadlocks on a 2-2 vote regarding a store on East 86th Street.
Alcohol board denies Walgreens’ booze permit application
Marion County’s Alcoholic Beverage Board on Monday denied Walgreen Co.’s application for a permit to sell alcohol at
its location on East Washington Street in Irvington, citing neighbors’ opposition. The panel split 2-2 on a permit for its
Nora store. Earlier, the drugstore chain withdrew two
other requests.
Marsh workers seek union election at local store
Local 700 said worker interest in union representation began to rise at Marsh Supermarkets after Florida-based private equity
group Sun Capital Partners acquired the grocery chain in 2006.
Hat World’s new strategy looks beyond the noggin
Here’s the business plan: Expand from hat retailing into two new segments—licensed sports apparel and team-sports
equipment—and benefit from the synergies among them.
Taco trio takes unusual road to entrepreneurship
Former soldier, disc jockey and nurse get off to a fast start selling hand-held food from a mobile unit.
Broad Ripple baker opens downtown coffee shop
Rene’s Bakery Inc. of Broad Ripple opened its first satellite location, Cafe Rene, Tuesday morning at 50 S. Meridian St.
Group tries to turn Sunday booze ban into July 4 fireworks
An alliance of drugstores, groceries and gas stations is using the July Fourth holiday—which falls this year on Sunday—to
drum up more support for ending Indiana’s ban on Sunday retail sales of alcohol.
Finish Line quarterly revenue up 10 percent
Indianapolis-based athletic shoe store chain The Finish Line Inc. said Thursday it recorded a profit in its fiscal first quarter
as its revenue rose more than 10 percent.
INSIDE DISH: Goose the Market laying golden eggs
Envisioned by Christopher Eley as a one-man butcher shop, Goose has
grown in three years to a 12-person operation trending for $1 million in sales.
Fire guts Carmel retail center
A lightning strike is suspected of causing an overnight blaze that wiped out about 10 stores near 106th Street and Michigan
Road.