The company that set out to revive the fortunes of RadioShack, the venerable consumer-electronics chain, filed for bankruptcy Wednesday after failing to keep up with changing consumer habits. The filing could mean the end for eight remaining area stores.
Indianapolis Mayor Joe Hogsett on Wednesday said his “dream” would be for the Crown Hill North Woods to become part of the city’s park system.
Officials in a central Indiana county have approved a ban on smoking in all bars and private clubs.
The village is expected to add as many as 500 rental units in the next year or so. Businesses hope they’ll boost daytime traffic in the area traditionally known for its nightlife.
The company did not disclose the identity of the purchaser. CEO Robert Riesbeck said HHGregg is “fully committed” to continuing to operate the 132 stores that will remain after it completes the closings announced last week of 88 stores.
Gordmans Stores Inc., a Midwestern department-store chain founded more than a century ago, is preparing to file for bankruptcy, according to people familiar with the matter. The retailer has one store in the Indianapolis area and several others in Indiana.
The news comes one day after the Indianapolis-based retailer announced that it was closing 88 stores and three distribution centers
A filing could happen within the coming days and will probably result in liquidation, sources said. The Indianapolis area is still home to several RadioShack locations.
Kevin Garrigus bought the Speedrome in November with the goal of revitalizing the historic east-side short track. He’s already put $500,000 into upgrades—with more on the way.
Harrison College is asking $11.5 million for its two-building campus along East Washington Street, a steep jump from their assessed values but reflective of the area’s increasing potential for growth.
The closure of 40 percent of the retailer’s stores will result in the elimination of about 1,500 jobs.
The owner of Red Lion Grog House in Fountain Square intends to launch Sidekicks Pizza in the neighborhood’s most visible building, while a small Chicago-based chain plans its first location outside of Illinois.
The architectural and interior design firm on Wednesday announced plans to double its office space in the Stutz Business Center.
The not-for-profit has stepped in to save the downtown structure, built in 1927 and believed to be the third-oldest restaurant constructed by the burger chain.
Salesforce.com Inc. on Tuesday filed permit drawings for its Salesforce Tower signage—finally giving an image to the vision the company set last May when it said it would assume naming rights on the state’s tallest tower.
The New York Stock Exchange on Tuesday suspended trading of HHGregg Inc. shares as it began proceedings to delist the struggling retailer’s common stock.
Same-stores sales for the burger chain dropped for the first time since 2008. Profit and customer traffic also fell.
Target Corp. reported a 43 percent drop in fourth-quarter profit as weak store sales overshadowed an improving online performance.
TWG Development’s plan to convert the century-old structure into senior housing units has hit a snag, as the project wasn’t awarded federal tax credits in the latest round of allocations.
The Westfield City Council on Monday also agreed to send a proposal for a housing development around the Wood Wind Golf Club back to the city’s plan commission.
