Steak n Shake customer traffic up in latest quarter
Biglari Holdings Inc., parent of Steak n Shake, said Friday that customer traffic to the restaurant chain grew 2.2 percent during the quarter ended July 4, boosting same-store sales 2.9 percent.
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HHGregg posts quarterly loss on poor TV sales, as expected
Disappointing sales at stores open at least a year dragged Indianapolis-based HHGregg Inc. to a rare quarterly loss, the appliance and electronics retail chain said on Thursday.
Fashion Mall landlord suing tenant over unpaid rent
A division of Simon Property Group Inc. is suing Brisbane, Calif.-based Bebe Stores Inc., claiming the women’s clothing retailer owes it $64,000 in unpaid rent.
J.C. Penney sells Simon Property stake for $248M
J.C. Penney Co. said Monday that it is selling the bulk of its interest in mall developer Simon Property Group Inc. for $248 million as it focuses on its core business.
Lids division renews contract with IUPUI
Under the five-year deal, Nike will maintain its status as the official outfitter of all student athletes on the 16 varsity sports teams at IUPU. The initial deal was signed in October 2009. Terms of the current agreement were not disclosed.
INSIDE DISH: Unlikely pair pilot Ship to profit
OK, so an accountant and a tattoo artist start a bar. Except it's no joke. Clearly defined roles have helped the odd-couple co-owners of The Sinking Ship navigate a turbulent startup and land on solid financial ground.
HHGregg setbacks reflect deeper woes, some fear
Retailer’s operating income is the same as five years ago, even though it has triple the number of stores.
Wholesale prices for used vehicles decelerate in June
Wholesale used vehicle prices fell 3.6 percent, to $9,893 on average, in June compared with the same month of 2011, according to data compiled by Tom Kontos, an executive at Carmel-based wholesale auction chain Adesa Inc.
Mother of man shot to death at Kroger files suit
Jeremi Atkinson was fatally shot in December by a Kroger manager during what prosecutors determined was an attempted robbery. A federal lawsuit filed by Toni Atkinson claims the supermarket chain was negligent for not enforcing a firearms policy.
Dealmaking, construction picking up on Speedway’s Main Street
The six-block stretch just outside the front door of the historic Indianapolis Motor Speedway was desolate when the town of Speedway formed a redevelopment commission in June 2005.
U.S. retail sales sink for third straight month
Retail sales fell 0.5 percent in June from May, the Commerce Department said Monday. Consumers spent less on autos, furniture, appliances, on building and garden supplies, and at department stores.
Finish Line’s high-tech store prototype still has kinks
A prototype store launched by athletic shoe and apparel retailer The Finish Line Inc. on May 25 aims to use technology to marry brick-and-mortar to the company’s online operation. But interactive tablets that are a centerpiece of the so-called omnichannel strategy are not yet up and running.
Carmel veterinarian opening animal hospital near Mass Ave
Woodland Animal Hospital owner will take former bookstore space in Chatham Arch neighborhood.
Meadows neighborhood developer aims for retail
New housing, health facility could help attract grocer.
Honda West negotiating to open Fishers dealership
It’s not clear if the car dealer would leave its long-time home on West 38th Street.
Capitol City Ford owner acquires assets of Burd Ford
Bob Thomas Dealerships said it plans to operate multiple auto-related businesses at the Burd facility at 10320 Pendleton Pike, including a used-car dealership called Sharp Cars.
HHGregg shares plummet on new earnings forecast
HHGregg Inc. shares plunged Wednesday after the Indianapolis-based appliance and electronics retailer said it expects to report a wider first-quarter loss because of weak sales in its video business. It also cut its full-year outlook.
Marsh closing three grocery stores in central Indiana
Marsh Supermarkets Inc. confirmed Tuesday afternoon that it is closing stores in Greenwood, Anderson and Martinsville. Many employees will get a severance package or an option to transfer to another location.
Cousin wins minor damages in Mike’s Carwash lawsuit
A Hamilton County judge has ruled that a former co-owner of Mike’s Carwash Inc. receive just $140,000 in damages in a civil case that sought close to $30 million.
Hofmeister files bankruptcy reorganization plan
Hofmeister Personal Jewelers Inc. plans to pay off its creditors over seven years as part of the well-known Indianapolis retailer’s bankruptcy restructuring.