Two Indiana stores on Sears Holdings’ closure list
Sears Holdings Corp. will close another 78 stores—68 Kmart units and 10 Sears stores—as it looks to restore profitability, the retailer announced Thursday.
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Finish Line taps Nordstrom exec to lead merchandising
The move comes as Finish Line’s new CEO strives to improve performance issues that caused the retailer to lose $32 million in sales in its fiscal third quarter.
Andy Mohr buying airport land for 17-acre dealership
Andy Mohr Automotive Group has agreed to pay about $1.3 million to buy 17.6 acres of land from the Indianapolis Airport Authority at Interstate 465 and West Washington Street for a new dealership.
Finish Line gets banged up in new e-commerce study
A report from the investment firm Credit Suisse analyzed the e-commerce capabilities of Nike, Finish Line and Foot Locker and found Nike is far and away the leader.
U.S. retail sales fall as Americans buy fewer vehicles
A 2.1 percent plunge in auto sales—the steepest such fall in more than a year—accounted for most of last month's drop. But sales were weak in some other sectors.
Pacific Sunwear files bankruptcy as shifting tides cut sales
Retailer Pacific Sunwear of California Inc., which operates 11 stores in Indiana, filed for bankruptcy protection Thursday after what it called years of management blunders.
Judge urges Staples, Office Depot to discuss $6.3B deal
U.S. judge urged Staples Inc. and Office Depot lawyers to “sit down and talk” with the Federal Trade Commission about terms for resolving the agency’s opposition to their proposed merger.
Long-struggling surfwear chain nearing bankruptcy
Pacific Sunwear of California Inc., which operates 11 stores in Indiana and three in the Indianapolis area, is preparing to file for bankruptcy, according to people with knowledge of the situation.
Hancock Fabrics to close remaining stores
The Hancock Fabrics’ website is advertising a going-out-of-business sale online and in its stores, including those at 2192 E. 116th St. in Carmel and 8811 Hardegan St. on the south side of Indianapolis.
Sun King taps White River State Park chief as new president
The Indianapolis-based brewery said Robert Whitt will replace co-founder Omar Robinson, who turned 78 this month and will retire in April.
Station owner takes steps to thwart skimming at gas pumps
Ricker's, an Anderson-based business with convenience store/gas stations throughout Indiana, is spending $150,000 to prevent the crimes from getting out of hand.
Law mandating calorie labels on menus delayed again
The Food and Drug Administration said this month that it will delay enforcement of menu labeling rules — again — until next year.
Downtown eatery makes ‘100 Hottest Restaurants’ list
Only one dining spot in Indiana was selected for this year’s list of the “100 Hottest Restaurants in America,” named by online reservation service OpenTable.
Beef consumption on the rise as prices ease from record highs
Americans will eat an estimated 54.3 pounds of the red meat this year—the first increase since 2006 and almost a half-pound more per person than in 2015.
Two Indiana bakeries feud over 4-sided doughnuts
Terre Haute-based Square Donuts, which has three locations in the Indianapolis area, wants Valparaiso-based Family Express to get out of the square-doughnut-making game.
Retailer HHGregg loses another senior executive
The revolving door in the leadership offices at HHGregg continued to turn this week with the departure of Trent Taylor, chief information officer. Taylor is at least the ninth senior-level executive to leave HHGregg since mid-2012.
Finish Line reports strong quarter, soft outlook
The Indianapolis-based retailer of athletic apparel turned in quarterly earnings that beat analyst expectations, but the price of company shares quickly dropped Thursday on weak earnings guidance.
Bill banning local plastic bag restrictions signed by Pence
City and county officials across Indiana won't be allowed to tax or restrict the use of disposable plastic bags by grocery stores and other retailers under a new state law.
Menard teams up with Penske as sponsor for Indy 500
Roger Penske is bringing former IndyCar owner John Menard back to the series as a team sponsor.
Aldi taking Walmart’s low-price edge in grocery wars
Aldi stores lack the massive size and selection of a Walmart, but their rapid proliferation and ability to offer even lower prices are putting pressure on the giant discounter.