Lids Sports Group narrows focus after profit evaporates
The Zionsville-based retailer continued to grow but saw profit plummet after it moved beyond its core business of selling sports caps.
Retail
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Chipotle expects first quarterly loss after food-safety crisis
Chipotle Mexican Grill Inc., which has a dozen Indianapolis-area locations, saw sales fall for at least the third straight month in February.
Low gasoline prices drag down U.S. retail sales
Sales were generally weak across the board: Auto dealers, electronics and appliance stores, grocery stores and department stores all reported lower sales.
Fresh Market grocery chain acquired for $1.4 billion
Fresh Market, which operates five stores in Indiana, including three in the Indianapolis area, has been sold to buyout firm Apollo Global Management.
Indiana OKs alcohol sales change for daylight saving time
Indiana residents might lose an hour of sleep this weekend when daylight saving time returns, but they won't lose any time to buy alcohol early Sunday.
Owner of Men’s Wearhouse, Jos. A. Bank to close 100s of stores
Tailored Brands Inc., which owns a dozen men’s clothing stores in the Indianapolis area, announced the cost-cutting plan after sales slid during the holidays.
Lawmakers act to curtail ‘dark box’ property valuation method
There could be some relief in sight for local governments that were losing tax revenue due to the so-called “dark box” valuation method of commercial property in their counties.
Breakfast chains flock to Indy to quench underserved appetite
Breakfast chains a step above the likes of Bob Evans and Cracker Barrel are finding Indianapolis as comforting as a stack of blueberry pancakes.
Pence gets bill to give Boone, Hamilton more alcohol permits
House Bill 1386, which would also tweak a 2015 law that deals with regulations for the vaping industry, was passed by Senate 63-30 on Monday.
Local Ryan’s Buffet closes as part of corporate restructuring
The south-side restaurant on U.S. 31 is among 90 eateries under parent Ovation Brands Inc.’s umbrella that have been closed nationwide.
Washington Square is out for bid, but can the mall be rescued?
The 1.1-million-square-foot mall is adrift without a permanent owner or turnaround strategy. Now its lender is attempting to sell it.
Biglari’s Buffett-style shareholder letters colorful, ‘odd’
"In a world filled with hyper-orthodoxy, Biglari Holdings represents an oasis of unconventionality," Sardar Biglari said in his latest letter to shareholders. "We follow our own individualistic ideas and ideals rather than find refuge in the superficial conventions and conformity.”
Simon agrees to buy $1.1B mall in Las Vegas
The pending deal would help the Indianapolis-based real estate firm solidify its retail holdings in the tourism mecca.
Andy Mohr expands into Bloomington with acquisitions
Andy Mohr Automotive Group Inc. has acquired Stephens Honda and Stephens Hyundai in Bloomington, the Indianapolis-based dealer announced Wednesday.
Meijer to invest $400M in new, remodeled stores this year
Midwest retailer Meijer plans to open nine new stores this year, including one in Indianapolis. It also plans to remodel numerous stores.
Local real estate market continues to strengthen
Leaders of Cushman & Wakefield pointed to several factors during the firm’s annual State of Real Estate outlook when providing their rosy forecast.
Manufacturer turns tiny cars into big business
GreenLight Collectibles—a maker and wholesaler of replica cars, trucks, boats, trailers and other diminutive look-alikes—has managed to gain speed with growing revenue and new distribution deals—all while many of its competitors have hit the wall.
Tim Hortons targets Indianapolis as part of expansion plan
Coffee and doughnut chain Tim Hortons, a cult favorite in its Canadian homeland, is counting on Indianapolis as it makes a bigger push into the United States.
CEO Dennis May steps down at struggling HHGregg
The Indianapolis-based appliance and electronics retailer, which has seen its sales plummet in recent years, named Chief Financial Officer Robert Riesbeck as interim CEO. May had been with the company since 1999.
Meijer store among slew of new projects in McCordsville
The population of the town near Geist has grown in the past decade to the point that it's starting to attract big projects, including the Meijer store.