Largest Indiana public companies mostly fared well in 2011
Performance varied widely as industries ebbed, flowed.
Performance varied widely as industries ebbed, flowed.
For all the concern that the U.S. economy may be slowing, retailers from Express Inc. to Indianapolis-based Finish Line Inc. are poised to spend the most on capital improvements since the recession.
The Indianapolis-based retailer of athletic shoes and apparel said it will add the jobs by 2016 as part of a multimillion-dollar expansion that will upgrade its e-commerce systems.
Forever 21 is more than tripling its square footage at the north-side mall by taking the former Borders bookstore space.
The agreement to sell the organization’s items online and in stores is part of a multiyear partnership in which Indianapolis-based Finish Line has agreed to lend support to Special Olympics.
The Finish Line Inc. will partner with a private equity firm to expand its specialty running shops and develop Run.com, the Indianapolis-based retailer said Friday. The company also reported strong fourth-quarter earnings, but its outlook sent shares tumbling.
For the three-week period ended Dec. 18, the Indianapolis-based athletic apparel retailer said sales in stores open at least a year increased 7 percent from the same time last year. For the entire quarter, company profit increased 35 percent, to $5.5 million.
Chief Administrative Officer and Corporate Secretary Gary Cohen, a key figure in a recent acquisition, will step down from his posts on Thursday and will help with the transition until his retirement in 2012.
Indianapolis-based retailer Finish Line is fighting a lawsuit by five women who say their former store manager secretly recorded them in the bathroom and dressing room.
Traditional retailers are trying to connect with customers, however and whenever they want to do business.
The Indianapolis-based retailer’s second-quarter profit rose 24 percent over year ago, to $20.9 million, helped by strong sales in stores open at least a year.
The Indianapolis-based retailer’s acquisition of an 18-store specialty running chain should produce better results than some past miscalculations, analysts say.
The Indianapolis-based athletics retailer acquired the chain in order to enter the specialty running market. The stores are located primarily in the eastern part of the country.
The Finish Line Inc. is an Indianapolis-based specialty retailer of brand-name athletic and leisure footwear, activewear and accessories.The company operates 656 stores in malls across the United States.
The company clearly is on a nice run, with seven straight quarters of increasing same-store sales and increasing earnings per share.
Athletic shoe and clothing retailer Finish Line Inc. said Thursday that its fiscal first-quarter earnings and revenue rose, but revenue fell just short of Wall Street's expectations.
The Indianapolis-based athletics retailer agreed to pay $38,000 to the worker after the Equal Employment Opportunity Commission claimed it violated federal law by firing her because of a physical disability.
Finish Line’s main competitor had bypassed Indianapolis at it chose locations for its concept store that sells Nike-brand basketball shoes and apparel.
The Indianapolis-based retailer earned $34.3 million in its fiscal quarter, compared with $30.6 million a year ago. Revenue rose 2.7 percent, to $384.6 million.
The toning trend in athletic shoes apparently has run its course. Sales of the oddly shaped shoes fell more than 45 percent in the fourth quarter for The Finish Line Inc., but the local retailer still posted improved profit and revenue.