The second-largest company in the movie-rental business behind Blockbuster Inc. is immediately closing 760 locations. The
chain operates 14 stores in central Indiana,
according to its Web site.
HHGregg’s profit and revenue both increased in its fiscal third quarter, despite a slight dip in same-store
sales. The opening of 19 stores helped offset the decrease.
Steak n Shake Co. said Friday it posted a fourth-quarter profit, and said it is planning to change its corporate name to Biglari
Holdings Inc.
The Mystery Co. in the Arts & Design District plans to host a farewell party Jan. 30, and close for good a few
days later.
The bill would require pet stores to put information about the dog or cat on its cage in the store, including the animal’s
medical history, the name of the breeder and any congenital disorders.
Businesses say the money they must pay to provide customers the convenience to use plastic adds up. For example, Ricker Oil
Co. paid a whopping $3.9 million in 2009, according President Jay Ricker.
Mall retailer The Finish Line Inc. has agreed to forfeit a potentially lucrative tax-abatement deal because it won’t be able
to meet a 2008 promise to create almost 200 jobs and invest $24 million at its Indianapolis headquarters.
Six groups are vying to lead a redevelopment effort for the struggling Indianapolis City Market. Check out summaries of each
of the proposals.
An Indiana liquor store trade group wants a court to freeze state alcohol permits until a judge can clarify quota laws on
the number of permits allowed.
The New York-based department store has one other location in Indianapolis, in Lafayette Square Mall. That store opened in
2008.
The Humane Society of the United States bought $2,000 worth of Steak n Shake stock this week in hopes of getting the company
to work with food producers that use humane farming methods.
For the year, retail sales fell 6.2 percent, the biggest decline on government records that go back to 1992.
Customers are buying fewer high-priced big-screen TVs from electronics chain HHGregg Inc., an analyst said Tuesday as he lowered
his investment rating on the company’s stock.
The owner of downtown’s Riley Towers apartments is working on plans for a 5-story expansion at 225 E. North St. that would
add 54 apartment units and more than 4,000 square feet of retail space.
Steak n Shake Co. CEO Sardar Biglari bought $290,000 worth of stock in the Indianapolis-based burger chain last week in another
big bet
the company’s shares are undervalued.
The General Assembly plans to consider changes to Indiana’s alcohol laws this session, including proposals that would allow
microbreweries to sell takeout beer on Sundays and permit alcohol sales during voting hours on Election Day.
Bobby Joe’s Beef and Brew, a popular home-grown restaurant at Southport Road and Interstate 65,
has closed. Riviera Maya, billed as an authentic Mexican restaurant, is slated to replace Old Town Ale
House in Fishers
The Ashley Furniture store in Carmel will close later this month after the owner and landlord failed to come to terms on a
lease renewal.
Officials say frozen fire hydrants hindered firefighters during an early-morning blaze that burned down a Texas Roadhouse.
From 1999 to 2008, Steak n Shake Co. spent an average of $55 million a year to add dozens of restaurants and buy equipment
for existing
ones. In 2009, the locally based
chain spent just $5.8 million.
