Golfsmith bankruptcy brings fresh woes to Under Armour, Nike
Golfsmith, which has 109 stores in the U.S. and 55 in Canada, filed for Chapter 11 bankruptcy on Wednesday. The retailer has one store in Indianapolis.
Retail
Articles
Fast-casual dining chain Newk’s planning 15 eateries in Indiana
Newk's Eatery announced Thursday that it has reached a development agreement with local investors to open 15 locations in the Indianapolis area and southern Indiana over the next several years.
E-commerce firm investing $4.75M to open 75-worker Plainfield fulfillment center
VMInnovations will distribute everything from electronics to baby products from a 160,000-square-foot building it is renovating at 2812 Airwest Blvd.
Aeropostale wins approval of $243 million sale to mall group
Teen clothing retailer Aeropostale Inc. won court permission Monday to sell its assets to buyers led by Indianapolis-based Simon Property Group Inc. and General Growth Properties Inc.
Kroger expects to earn less this year on falling prices
The Cincinnati-based supermarket operator—the No. 1 grocery player in the Indianapolis area— said Friday it was hurt by falling prices of eggs, meats and other products, forcing it to lower its earnings guidance for the year.
Kohl’s buys massive Plainfield warehouse, plans 900 jobs
The retailer announced that it has acquired a 937,000-square-foot distribution center in Plainfield where it hopes to hire 900 employees by early 2020.
Simon Property-led group wins bid to keep teen retailer alive
A consortium led by Indianapolis-based mall giant Simon Property Group Inc. and rival General Growth Properties Inc. has won an auction for the assets of Aeropostale Inc., with a plan to keep open at least 229 of the bankrupt teen retailer’s stores.
Chain restaurants feeling sales squeeze
Diners are choosing among more options—and often favoring independent restaurants to chains.
Stock swoons at Lids’ parent after company cuts outlook
Shares in Genesco Inc.—parent of Zionsville-based Lids Sports Group—dropped almost 30 percent Thursday after the company reported lower-than-expected sales in the second quarter and downgraded its full-year outlook.
Gun store argues no liability for straw sale linked to officer’s shooting
Lawyers for an Indianapolis gun store sued for making an illegal straw sale of a firearm that was used to shoot an Indianapolis police officer argued Wednesday that Indiana gun sellers are shielded from civil lawsuits even when they break the law.
Simon part of group trying to save at least 229 Aeropostale stores
Without the rescue, it appears the teen fashion retailer’s remaining stores are heading for liquidation, an event that will put about 10,000 people out of work. Aeropostale has five Indianapolis-area stores.
Butler debuts $43M dorm, prepares to demolish another
The work is all part of a long-term university plan that includes more than $130 million in new construction.
Bank bucks trend by opening teller-less branch in grocery
Some banks have been closing their mini-branches in stores, but PNC Financial Services is applying the trend toward automated transactions to its new location in Carmel’s Market District Supermarket.
J.C. Penney aims to be king of the mall as rivals retreat
J.C. Penney Co. is in a surprising position more than four years after it was almost run aground by a former CEO: It could be the last department store standing at your local mall.
Monarch affiliate gets big win in effort to sell liquor
The court decision found the Indiana Alcohol and Tobacco Commission was “arbitrary and capricious” in its 2014 decision to deny the wholesale liquor permit application of Spirited Sales, an affiliate of Monarch Beverage Co. It also takes the Pence and Daniels gubernatorial administrations to task for intervening in the case.
.
Struggling Sears borrows $300M from hedge fund as losses mount
Sears Holdings Corp., which operates about 80 stores in Indiana, is once again lining up financing after losing more than $9 billion in recent years.
Former HHGregg chief named CEO at health services firm
Dennis May, who left HHGregg Inc. in February after nearly seven years as CEO of the retail chain, has a taken a new job at a health care company that has plans for regional growth.
Fresh Thyme opening sixth Indy-area grocery
With the new location, fast-growing Fresh Thyme will have 46 stores operating in the Midwest since launching in 2012.
McNamara hopes $2.5M bet on HQ will help Mass Ave industrial corridor flower
The Indy area’s largest florist has completed moving its headquarters and distribution operations from Fishers to an area near downtown in need of revitalization.
Central, Southern Indiana Goodwill affiliates planning merger
The merger will create a group called Goodwill of Central & Southern Indiana that will cover 39 counties ranging from north-central Indiana to the Ohio River.