Insurance stalwart might be on sale block
Trucking insurer Protective Insurance Corp., long known as Baldwin & Lyons, has skidded into red ink and now is pursuing “potential strategic partnerships or transactions.“
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Calumet Specialty’s new CEO giving it second lease on life
Calumet shares now trade around $6.65, nearly double their October 2016 low but way down from October 2015, when they fetched around $27.
Acquirer of Angie’s List gets big lift from deal
Nearly 10 months after Angie’s List merged with Home Advisor, the financial fortunes of the combined entity are taking off faster than analysts and company officials expected.
Circle Centre profit gets lift from eateries, IPS tax cut
The mall posted higher profit and improved sales per square foot in 2017, though retail observers say it remains at a crossroads following the closure of its last department store, Carson’s.
Angie’s List parent has strong quarter, says company will grow in Indy
ANGI Homeservices Inc. CEO Chris Terrill told IBJ he is feeling “bullish” about the company’s overall prospects and its future in Indianapolis.
Retail goliath Simon nails quarterly expectations, increases dividend
The Indianapolis-based mall owner broke a record in 2017 in a metric for operational performance, but its CEO admitted to analysts on Wednesday that it needs to boost occupancy at its properties.
Carson’s parent ponders bankruptcy as part of restructuring
The comeback strategy for Bon-Ton Stores includes closing a dozen Carson’s stores, although Bon-Ton hasn’t specified locations. The only Carson’s in Indianapolis is the lone anchor for Circle Centre mall.
Stock skids at Lids’ parent firm after company whacks outlook
Zionsville-based Lids Sports Group posted disappointing sales in its second quarter, mirroring recent results from other athletic apparel retailers. Its parent company is trying to dampen expectations for the overall firm.
Baldwin & Lyons financial exec departs in termination
The Carmel-based trucking insurer says its chief accounting officer is no longer with the company after spending little more than a year in the position.
Macy’s, Kohl’s renew fears of intractable retail slump
A fresh round of sales declines at Macy’s Inc. and Kohl’s Corp., though less severe than Wall Street had feared, is renewing concerns that the department-store industry can’t pull out of a years-long slump.
Carson’s in Circle Centre is part of reeling department store firm
The parent company of Circle Centre mall’s sole anchor, Carson’s, is facing steep challenges, with some retail experts wondering whether it will be the next big chain to collapse.
Fast-growing local software firm bought for $80M by public company
Indianapolis-based Archway Technology Partners, which specializes in wealth management, reported revenue growth of 104 percent from 2013 to 2015.
BEHIND THE NEWS: Inside the issues that grounded Celadon
The trucking company's financial statements became decidedly more opaque after October 2015, when it set up an off-balance-sheet truck-leasing joint venture in which management held ownership.
Despite $329M loss last year, Calumet looks ahead with ‘cautious optimism’
The Indianapolis-based company said it has seen positive results from efficiency and cost-cutting actions it took in 2016.
Allegion reports quarterly increases in sales, profit
The Ireland-based security products company, which has its Americas region headquarters in Carmel, fell short of Wall Street expectations.
Stumbling HHGregg shares face delisting from stock exchange
The New York Stock Exchange has notified HHGregg that the company’s stock price needs rise above avoid a delisting. Its market cap also needs a boost.
Speaker firm Klipsch rocking again after losing its beat
Voxx International Corp.’s Premium Audio segment—essentially Klipsch—has seen three straight quarters of strong sales growth, including a 27-percent showing in the latest quarter.
Carmel-based KAR Auction buys Michigan firm for $76M
The Flint business will become part of KAR’s Adesa unit, which offers wholesale used-vehicle auction services.
Angie’s List CEO says timing right to consider suitors
CEO Scott Durchslag said Tuesday the company wants to be proactive instead of reactive when it comes to courting suitors, a stark shift from his tone about the matter last year. Also, the company is gearing up to slash jobs in a cost-cutting effort.
Finish Line’s supply chain woes under control, CEO says
Sales and profit for the apparel seller’s most recent quarter either met or exceeding Wall Street’s expectations. It’s now embarking on a plan for responding to clothing trends more quickly.