Fishers approves $19M auto mall development
The town has agreed to create a tax-increment financing district to help fund infrastructure improvements for Butler Automotive
Group’s proposed development.
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Famous handbag maker hits local retailers with lawsuits
In an effort to crack down on knockoffs, famous handbag designer Coach Inc. has hit at least three local retailers with trademark-infringement
lawsuits.
Fishers Town Council delays vote on $19M auto mall
If the council gives its blessing, construction could begin this spring on Butler Automotive Group’s five-dealership development
along State Road 37. About 230 jobs could be created.
Shoe Carnival profit beats estimates
Evansville-based shoe and apparel retailer reports strong sales of boots and athletic footwear.
Retail sales show unexpected increase
Retail sales posted a surprising 0.3-percent increase in February as consumers did not let major snowstorms stop them from
storming the malls.
Hearings on Walgreens’ bid to sell alcohol continued
The Illinois-based drugstore chain is seeking to sell beer and wine at 29 of its stores in Marion County. Opponents argue
that the county already has granted enough permits.
Downtown shakeup: Tea Cozy closes, Sahm’s moves, Urban Elements expands
Check out a roundup of big changes for the downtown restaurant scene including Tea Cozy, Sahm’s and Urban Element, plus a
new fitness option at the Majestic Building.
HHGregg’s faster growth boosts risk, potential rewards
HHGregg Inc. had been in business nearly a half century when it hit the 50-store mark in 2004. It plans to open nearly
that number within the next year.
Kmart closing adds to Connersville jobless woes
Kmart’s announcement that it will close its store in Connersville in May will put 59 employees out of work. Fayette County,
where the city is located, already is strapped by steep job losses.
CVS settles Indiana complaint over 2 pharmacists
Pharmacy giant CVS will pay $1.95 million and verify that all of its pharmacists are licensed in Indiana to settle a state
complaint that pharmacists with expired licenses dispensed prescriptions for several years at two of its drugstores.
Prominent local car dealer Tom Wood dies
Indianapolis car dealer Tom Wood died Thursday morning after battling lung cancer. Wood grew his business from a single dealership
he purchased in 1967.
Movie Gallery files second bankruptcy in two years
The second-largest company in the movie-rental business behind Blockbuster Inc. is immediately closing 760 locations. The
chain operates 14 stores in central Indiana,
according to its Web site.
HHGregg’s profit, sales rise
HHGregg’s profit and revenue both increased in its fiscal third quarter, despite a slight dip in same-store
sales. The opening of 19 stores helped offset the decrease.
Steak n Shake posts profit, plans new corporate name
Steak n Shake Co. said Friday it posted a fourth-quarter profit, and said it is planning to change its corporate name to Biglari
Holdings Inc.
Independent bookstore in Carmel ends seven-year run
The Mystery Co. in the Arts & Design District plans to host a farewell party Jan. 30, and close for good a few
days later.
Panel OKs bill to provide pet buyers with info
The bill would require pet stores to put information about the dog or cat on its cage in the store, including the animal’s
medical history, the name of the breeder and any congenital disorders.
Rising credit card fees eroding retailers’ profits
Businesses say the money they must pay to provide customers the convenience to use plastic adds up. For example, Ricker Oil
Co. paid a whopping $3.9 million in 2009, according President Jay Ricker.
Finish Line forfeits incentive deal
Mall retailer The Finish Line Inc. has agreed to forfeit a potentially lucrative tax-abatement deal because it won’t be able
to meet a 2008 promise to create almost 200 jobs and invest $24 million at its Indianapolis headquarters.
Indiana beverage retailers want permits frozen
An Indiana liquor store trade group wants a court to freeze state alcohol permits until a judge can clarify quota laws on
the number of permits allowed.
Shoppers World taking former Target space on U.S. 31 South
The New York-based department store has one other location in Indianapolis, in Lafayette Square Mall. That store opened in
2008.