The Indianapolis-based appliance and electronics retailer attributed its lower outlook to weak demand for new video technology products. Sales of LED and 3-D televisions were less than expected while sales of lower-priced TVs were higher than anticipated.
The supermarket chain has closed a store in Rushville and will shut others in Shelbyville and Connersville by the end of February. The closures will leave Marsh with 97 stores, about half of which are in Indianapolis.
Americans spent more on clothes, shoes, luxury goods and electronics in December than a year earlier, according to data released Wednesday.
After initial trepidation over its chef-centric concept and urban location, Recess' Greg Hardesty plans to open another school-themed eatery.
The recovering, yet-still-weak economy puts charity retailer Goodwill in a sweet position. Consumer spending is up, so more old stuff makes its way to thrift stores. At the same time, high unemployment means the bargain hunters are still out in force.
People hit the stores after Christmas to buy, indulging the rediscovered retail appetite that may have made 2010’s holiday shopping season the biggest ever.
The Indianapolis Museum of Art will close its design-centered gift shop next year to make way for a display about the Miller house and gardens in Columbus, Ind.
A strong Christmas Eve would round out a surprisingly successful holiday season for retailers. The National Retail Federation predicts that holiday sales will reach $451.5 billion this year, up 3.3 percent over last year.
The company said on Tuesday sales at stores open more than a year rose 4.5 percent from Nov. 28 through Dec. 19 compared to the same period a year ago.
Athletic shoe store chain The Finish Line Inc. said Tuesday that its fiscal third-quarter profit skidded 37 percent as a one-time leg up from a tax windfall last year was not repeated. Revenue rose 9 percent.
Anderson-based Ricker Oil Co. is changing the name on the ampm shops, which it acquired in 2008 from a division of oil giant BP, to match the remainder of its 50 Indiana stores.
A startup brewery called Flat 12 Bierwerks has ignited a revival along lonely Dorman Street in Holy Cross, one of the city’s oldest neighborhoods.
Traditional analysts are high on the electronics retailer, but short-sellers, those who profit when a stock falls instead of rises, couldn't disagree more.
Several restaurants, including three pizza chains, and an adult-oriented retail store are planning new locations around the city.
After a $150,000 startup and skin-of-their-teeth opening in 2009, sales at downtown's Moroccan eatery have spiked as word has spread.
Capital Shopping Centres Group Plc, the United Kingdom’s biggest shopping mall owner, turned down Simon Property Group Inc.’s $4.6 billion bid, describing it as “inadequate.”
Indianapolis-based Simon Property Group Inc., the largest U.S. mall owner, made an offer for Capital Shopping Centres Group Plc that values the U.K. company at $4.6 billion.
More than 700 workers will lose their jobs when an A.J. Wright distribution center in South Bend closes next year as part of as a national consolidation by parent TJX Cos.
Simon Property Group Inc. may be running out of options in its quest to take over Capital Shopping Centres Group Plc and become the largest mall owner in the United Kingdom.
The Indianapolis-based restaurant chain grew pretax profit in fiscal 2010 to $37.7 million, a 331-percent increase compared with the previous fiscal year.
