Sixteen Indy-area Popeyes acquired by franchise group
Indiana-based Womack Restaurants began its association with the Atlanta-based chicken chain in 2014 and also has locations in Missouri, Kansas and Oklahoma.
Retail
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Kohl’s shares soar on quarterly profit growth
The retailer, which operates 14 stores in the Indianapolis area, recently bought a massive distribution center in Plainfield that it plans to use in its strategy to boost online sales.
Thanksgiving Day shopping is here to stay, but with some tweaks
Thanksgiving Day shopping isn’t going away, but some stores are rethinking their strategies on whether it makes sense to be open on the holiday itself.
HHGregg posts steep quarterly loss on falling sales
The Indianapolis-based appliance and electronics retailer suffered another money-losing quarter, though its strategy to focus more on appliances is making headway.
Steak n Shake rebounds to post small same-store sales increase
Sales at established Steak n Shake restaurants rose slightly in the latest quarter following disappointing results last period that snapped a streak of 29 consecutive quarterly increases dating to 2009.
Holiday sales are projected to go up, but malls might not benefit
Upbeat holiday shopping forecasts are giving retailers reason to cheer despite nagging signs that consumers are spending less at malls and instead opting for online outlets.
Here’s how Cubs championship hats get to stores so fast
Cubs fans had been waiting more than a century for this triumph, and the rush for celebratory merchandise is on. Zionsville-based Lids Sports Group is using extra workers to make sure key stores have caps available as soon as possible.
Finish Line seeking buyer for its JackRabbit stores, sources say
The specialty running-shoe division, which operates 70 stores under various names, could draw interest from private equity firms and other sporting-goods chains.
Founders of The Kitchen opening bistro on Mass Ave
The yet-to-be-named restaurant will occupy 5,500 square feet in Gershman Partners’ Marietta building under construction next to the Marott Center.
Buffalo Wild Wings-owned taco chain targets Indianapolis for expansion
Buffalo Wild Wings hopes to open 15 to 20 R Taco locations in the metropolitan area as soon as possible and is seeking franchisees with multi-restaurant experience to lead the growth.
HHGregg fires merchandising chief as revolving door continues
Keith Zimmerman had been with the struggling Indianapolis-based chain since December 2014. A senior executive said HHGregg has begun the search for a new chief merchandising officer who will "move a little faster" and bring greater creativity to the job.
Fishers won’t let Ikea fuel retail blitz
Local officials are taking steps to preserve the vacant land surrounding the 35-acre Ikea site near Interstate 69 and 116th Street for office development.
Hofmeister retail property headed for foreclosure sale
The sale is intended to resolve a lawsuit filed by Wells Fargo Bank that accused Hofmeister of defaulting on a $2.3 million mortgage on the building.
Simon Property raises annual outlook after strong quarter
The Indianapolis-based real estate company reported higher occupancy and rental rates at its shopping malls in the third quarter.
Jared Fogle’s ex-wife claims Subway covered up complaints
The ex-wife of former Subway pitchman Jared Fogle has filed suit against the fast-food sandwich chain, alleging executives knew about Fogle’s sexual attraction to young children as early as 2004 and stayed quiet about his pedophile predilections to preserve his role as a “cash cow” for the company.
Activist asks Simon Property competitor to consider sale
Shares in Taubman Centers Inc. surged Wednesday, one day after Jonathan Litt, an activist investor known for targeting real estate companies, pushed for the mall owner to cut costs or consider a sale of the company.
Rocket 88 closes doughnut shops in Fountain Square, SoBro
In a Facebook post, the owner said he will now be focusing on a new business, Square Cat Vinyl, where “we won’t be serving doughnuts, but we will be serving vinyl records, coffee, and beer.”
O’Malia’s store on south side closing in November
After the store on South Meridian Street shuts its doors next month, just one O’Malia’s grocery will remain.
Indiana Landmarks mounts campaign to restore historic clock
Historic preservation not-for-profit Indiana Landmarks is leading a fundraising campaign to restore the 80-year-old “Ayres clock” mounted on the corner of Circle Centre mall at Washington and Meridian streets.
HHGregg to close for Thanksgiving
"It's time to stop the madness," said CEO Robert Riesbeck, who noted that the appliance chain wasn't seeing a huge spike in business on the holiday anyway.