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.
IBJ Staff
Articles
Brightpoint boosts revenue, profit
Brightpoint Inc. on Wednesday reported second-quarter revenue of $788.6 million as the Indianapolis company continued to grow
its share of the wireless device distribution business.
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.
Hillenbrand profit falls on acquisition costs
Excluding acquisition costs, the Batesville-based maker of caskets exceeded Wall Street forecasts with earnings of $28.1 million.
Calumet see smaller loss in second quarter
The Indianapolis-based owner of oil refineries lost $907,000 in the three months ended June 30. In the same quarter last year,
the company lost $26 million.
Republic Airways profit dips despite higher revenue
The 2009 acquisition of Frontier and Midwest airlines more than doubled second-quarter revenue for Indianapolis-based Republic
Airways Holdings Inc., the company said late Tuesday, but profit fell because of additional expenses.
Revenue, earnings up for KAR Auction Services
The company had revenue of $470 million in the quarter ended June 30, a 7-percent increase over the $439.1 million it reported
in the same quarter of 2009.
Adesa parent reports higher second-quarter profit, revenue
The company earned $28.6 million, or 21 cents per share, compared with $12.8 million, or 12 cents per share, in the year-ago period. Total revenue increased 7 percent, to $470 million.
Seven cab companies denied licenses
The city of Indianapolis’ Department of Code Enforcement rejected the applications largely because the companies didn’t have
a dispatch facility or didn’t have employees to staff a facility.
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.
Celadon reports higher quarterly, fiscal-year profit
CEO Steve Russell attributed the improved earnings to a recovering freight environment, coupled with a decrease in
competition. Celadon also is benefiting from increased trade with Mexico.
Simon Property Group reports improved quarterly results
The Indianapolis-based real estate giant experienced higher occupancy and sales at its shopping malls compared to a year ago.
EDITORIAL: City needs to keep momentum from utilities deal
We’re happy to see that partisanship didn’t sink Mayor Greg Ballard’s plan to sell Indianapolis’
water and sewer utilities to Citizens Energy Group. Now city leaders need to make sure they spend the money wisely.
Wishard Health Services rewards carpoolers
Landing the best parking spot doesn’t always require getting a big promotion.
Hoosier Tire legal victory has broad implications
The Lakeville-based company won a victory in the antitrust case brought by Pittsburgh-based Specialty Tires of America,
which objected to exclusive contracts for the supplying of racing tires.
Hetrick to handle marketing for veterinary association
The Indiana Veterinary Medical Association hired the local agency to develop a new branding and identity campaign.
Delta Faucet parent lowers forecast for housing starts
The Carmel-based company backed off earlier predictions after a mid-year slow-down that could affect its sales.
Marian University hires former Butler professor to head business school
Russell Kershaw is the new dean of its Clark H. Byrum School
of Business.