Marsh to shut down 8 stores by end of month
The closings, which include five in the Indianapolis market, will leave the chain with 78 stores in two states.
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HHGregg reports disappointing holiday sales
The Indianapolis-based electronics and appliance retailer said its fiscal third-quarter sales during the holiday season were hurt by competitors offering deeper discounts.
Circle Centre nears deals for Burger Palace, Yard House, LA Fitness
Three prominent restaurant chains, including one developed by Bobby Flay, and a health club franchise are eying the vacant space formerly occupied by Nordstrom in Circle Centre.
Car guy falls in love with Tesla after visiting new local dealership—and taking a drive
The new electric-powered Tesla Model S corners a lot like a Lamborghini and has more than twice the range of a Nissan Leaf.
Cord Camera to close remaining Indianapolis store
A camera business that once had more than 30 locations in Ohio and Indiana is closing six of its remaining eight stores in the face of dropping sales and increased use of smartphone cameras.
Target says customers’ encrypted PINs were stolen
The retailer claims the PIN numbers of some 40 million customers are safe and secure, but a security consultant counsels changing the access codes.
Steak n Shake cooks up expansion plan for Saudi Arabia
The Indianapolis-based burger chain has growth plans far afield of its base of operations in the Midwest, intending to open 50 restaurants in the Middle Eastern country.
HHGregg’s CFO to depart in January
Jeremy J. Aguilar plans to take a similar position with another company, the Indianapolis-based retailer announced Thursday.
Holiday sales at stores down for third consecutive week
Compared with last December, shoppers are more choosy this year and holding back on spending at brick-and-mortar locations. But even online sales are running below their expected growth rate.
Finish Line sees strong quarterly profit on big revenue rise
The company rebounded in its fiscal third quarter from a loss in the year-ago period, thanks in part to strong same-store sales and improvements in e-commerce sales.
Fury and frustration over Target data breach
Potential victims of credit card fraud tied to Target's security breach said they had trouble contacting the discounter through its website and call centers.
Rebranding of bird-food retail chain ups emphasis on core product
Wild Birds Unlimited recently unveiled a new marketing program encompassing everything from revamped store design to new staff training to a rebalancing of the product line. The idea was to place less emphasis on gift items and more on the store’s core product—birdseed.
Holiday shopping season: A disappointment so far
Sparse crowds at malls and "50 percent off" signs at The Gap and other stores offer clues as to how this holiday season is shaping up so far: It's the most discount-driven one since the U.S. was in a deep recession.
Well-known auto dealer O’Brien dies at 82
In an auto-sales career spanning more than 50 years, Tom O'Brien built on a single dealership started by his father and created a multi-dealership business that today includes 16 family members.
Simon plans for spinoff get warm reception from Wall Street
After recently stalling on the stock market, shares of Simon Property Group perked up in trading Friday after the massive local firm announced plans to spin off nearly 100 retail centers into a new firm. Analysts approved of the move.
Indy-based Simon spinoff will include 13 Indiana centers
The locally based retail giant confirmed Friday morning that its new spinoff will be headquartered in Indianapolis. Several of Simon’s properties in the area will be among the new portfolio, including Clay Terrace in Carmel.
Tesla car dealership debuts at Fashion Mall
The store at the Fashion Mall at Keystone features a design center where customers configure and order their cars.
Local restaurant owners settle case of pizzeria plagiarism
Napolese pizzeria and Crust Pizzeria Napoletana have quietly reached an agreement outside of court. Napolese owner Martha Hoover filed an intellectual property lawsuit against Crust owner Mohey Osman in October.
Shares of Indiana retailers surge in 2013
Shares of The Finish Line Inc., HHGregg Inc. and Shoe Carnival Inc. have been on a tear this year, rebounding to outperform the major stock indexes and rising at least 40 percent in value through the first of December. By comparison, the S&P 500 has gained about 28 percent.
Cyber Monday still growing despite earlier online sales
Shoppers bought online at the heaviest rate ever Monday, according to research firm comScore Inc. The strong performance was in contrast to Black Friday weekend spending, which fell an estimated 2.9 percent.