Kroger plans $178 million acquisition of Roundy’s
Kroger will add about 150 stores in Wisconsin and Illinois with acquisition, expanding its already sizable presence in the Midwest.
Retail
Articles
Toy sales on pace for best year in a decade
The growth is being fueled by increasing popularity of collectibles, toys based on Hollywood blockbuster films and better technology that allows toys to do things like talk back to children.
CBRE’s three-year courtship of Sitehawk pays off
After becoming managing director in 2010 of the local CBRE office, John Merrill knew he needed to do something to improve the firm’s retail services. He soon set his sights on market leader Sitehawk.
Retailers, restaurants struggle to find staff in north ‘burbs
Advertisements for traditionally low-wage jobs in hospitality and retail decorate major thoroughfares in the northern suburbs, offering management positions and higher pay as incentives.
HHGregg misses expectations with quarterly loss
The Indianapolis-based appliance and electronics retailer on Thursday reported a loss of $10.1 million on shrinking sales.
CBRE expands local operations with acquisition of Sitehawk Retail
Sitehawk, whose roots date back to 1982 as The Linder Co., has been a leading retail brokerage in Indiana for several years. CBRE had been pursuing Sitehawk on and off for years, real estate sources said.
Wal-Mart, Target step up their holiday strategies
Wal-Mart and Target have a lot to prove this holiday season. Both are heading into the season with turnaround plans they launched after being battered by the economy and their own mistakes.
Massive Greenwood retail project in works on I-65
Developer Gershman Partners is planning a $90 million retail project in Greenwood that would include 700,000 square feet of space, putting it on par with central Indiana’s major shopping centers.
UPDATE: Walgreens to acquire Rite Aid for $9.4 billion
Walgreens is buying rival Rite Aid for about $9.41 billion in cash, creating a drugstore giant with nearly 18,000 stores around the world.
Simon raises quarterly dividend, full-year forecast
A strong third quarter prompted Simon to boost its earnings forecast and raise its quarterly dividend to $1.60 per share, a 23.1 percent year-over-year increase.
Local restaurant offering discount to legal gun carriers
Restaurateur Art Bouvier announced the discount Saturday night on Facebook shortly after a robbery at his Cajun eatery, Papa Roux.
Stores provide safe havens for domestic violence victims
All Ricker's Convenience Stores in Hamilton County have joined the "Safe Haven" initiative.
Exec’s quiet exit leaves no Klipsch atop speaker maker
Michael Klipsch, who stepped down in September as chief legal counsel and president of business development, had been with the indianapolis-based speaker maker nearly 20 years.
Wal-Mart shares plunge after it predicts big earnings decline
Wal-Mart Stores Inc. suffered its worst stock decline in more than 15 years Wednesday morning after predicting a drop in annual profit, underscoring the giant retailer’s struggles to reignite growth.
City block in Fountain Square on the market
The seven parcels on Prospect Street, which are available for a total of $1.5 million, could attract the area's next big apartment development.
Researchers, ranchers beefing up steak with algae, flaxseed
Health-conscious consumers might be persuaded to eat more beef if it was fortified with heart-healthy omega-3 fatty acids naturally found in salmon and walnuts, according to researchers and some ranchers.
Beer wholesaler Monarch unrelenting in quest to enter booze biz
The company, the state's largest beer distributor, has argued in the General Assembly and in the courts for years to try to gain the right to enter liquor wholesaling.
Irvington on the upswing with efforts to bolster commercial growth
Grassroots efforts by local residents have meant a boost in the number of restaurants and retailers in the historic Indianapolis neighborhood, which was once considered a suburb.
Sluggish wages, job growth expected to slow holiday shopping
Stores are also grappling with shoppers’ shift away from clothing and other traditional merchandise and more toward experiences like spas and concert tickets.
Q&A: HHGregg CEO talks turnaround strategy
Dennis May has been at the helm of the electronics and appliance retailer since 2010 and has seen sales of televisions swoon. But expanding into furniture and high-end appliances might help right the ship.