Steak n Shake’s value menu isn’t all that looks cheap
Investors may be undervaluing Biglari Holdings Inc., which owns Steak n Shake outright and holds 20 percent of Cracker Barrel.
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Centre Properties puts 3 strip centers into Chapter 11
The Indianapolis developer said the bankruptcy filings are intended to prevent lender Bank of America from forcing the sale of RiverPlace Shops in Fishers, Raceway Market Shops in Indianapolis and Greenwood Crossing in Greenwood.
Indy pet store raid finds hundreds of dead animals
Animal control officials who raided an Indianapolis pet store that failed an annual inspection say they found hundreds of dead small animals as well as other creatures living in filthy tanks and cages.
With TV business ‘forever changed,’ HHGregg retools
CEO Dennis May said: "We see the HHGregg of the future as a home products store that also sells consumer electronics."
Gerdt Furniture owners embroiled in $4M court fight
A family dispute involving the owners of Gerdt Furniture & Interiors Inc. has led to a lawsuit accusing them of owing nearly $4 million in unpaid rent and loans.
Simon differs from other mall owners on teen policy
As local activists push for stronger steps to curb disruptive gatherings by teenagers at local shopping malls, Simon Property Group is standing by a corporate policy against restricting access to its properties.
Big Red acquires United Package Liquors
Bloomington-based Big Red Liquors is expanding into Indianapolis by acquiring the assets of United Package Liquors Inc. and taking over operations of the chain’s 24 local stores.
Penske takes over Hertz car rental locations in Indiana
Michigan-based Penske Automotive Group Inc. has acquired 20 Hertz car rental outlets in Indiana and plans to add at least five locations.
HHGregg merchandising post turns over again
HHGregg Inc. on Tuesday hired its third chief merchandising officer in just over a year as the Indianapolis-based electronics retailer continues to struggle to overcome plummeting sales of televisions.
Settlement talks set for Don Marsh severance dispute
Lawyers for Marsh Supermarkets Inc. and its former CEO will meet Monday on the issue of whether Don Marsh should have to repay the roughly $2.1 million in severance he received from the company.
Marsh closing stores in Marion, Columbus
The locally based grocery chain said it is shutting down the stores rather than renew leases. Following the closings, Marsh will have 91 stores in Indiana and Ohio.
Cash-for-gold retail bill passes Indiana House
The Indiana House on Thursday approved a bill regulating cash-for-gold stores, which have proliferated since gold prices shot up in 2008.
Architects, planners brainstorm Indianapolis transit terminal design
Here’s what we don’t know: what it will look like, what amenities users can expect, and how it will link to rapid-transit lines still in the planning stages. At the moment, the 1.9-acre parcel is a city-owned parking lot, situated on the south side of Washington Street between Delaware and Alabama streets. But architecture, urban planning and mass transit fans imagine it as an empty canvas, with the potential to showcase a signature structure that triggers more development nearby.
Bill to toughen state ‘bath salts’ laws advances
The bill would require the state to suspend the business license for a year of any retailer caught selling synthetic drugs or lookalikes.
Office Depot agrees to buy OfficeMax for about $1.2B
The move would combine the No. 2 and No. 3 office supply retailers and lead to consolidation in an industry that analysts say is over-stored. Office Depot has eight stores in the Indianapolis area and OfficeMax has five.
Marsh Supermarkets asking former CEO to pay $5.6M
A company lawyer itemized the expenses Marsh Supermarkets believes it is owed during closing arguments Friday. A lawyer for Don Marsh argued that he neither committed fraud nor breached his contract.
Jury to begin deliberating in Don Marsh trial
The panel of nine will begin closed-door discussions Friday afternoon following closing arguments from attorneys representing Marsh Supermarkets Inc. and the former CEO of the company accused of spending $3.3 million of company funds on personal expenses.
Witnesses: Don Marsh’s expenses never questioned
Lawyers for the former CEO of Marsh Supermarkets on Thursday hammered home their claims his expenses were widely accepted in the company as normal business costs, while witness testimony revealed a corporate culture that passed the buck on evaluating those costs.
Marsh Supermarkets rests case against former CEO
Lawyers for Don Marsh got their first chance to go on the offensive Wednesday after Marsh Supermarkets Inc. rested its case against the company’s former CEO.
David Marsh defends trips he took at company’s expense
The former Marsh Supermarkets president told jurors: “Every time I used [the plane] I had a time constraint, and my time was valuable to the company.”