Local hotel revenue growth beats national average
Through November, downtown Indianapolis hotels saw their revenue increase 8 percent over the same period a year ago, far ahead of the national average of 4.9 percent.
Retail
Articles
Survival questions swirl over HHGregg
The company's shares took a dramatic tumble on Jan. 9, after it reported disastrous preliminary sales figures for the quarter ended Dec. 31.
Marsh to close store near 53rd and Keystone
Marsh Supermarkets, which has been showing signs of struggle amid growing competition, plans to close the store Jan. 28. The location is where Marsh opened its first Indianapolis store, in 1957.
Wal-Mart planning to add about 10,000 retail jobs in U.S.
The world's biggest retailer said Tuesday that 59 new, expanded or relocated Walmart and Sam’s Clubs locations are in the works.
Marsh grocery chain owes more than $200,000 in unpaid bills
Contractors and at least one landlord say Marsh Supermarkets has fallen behind on rent and other bills—a development that suggests the locally based chain is facing heightened financial strain.
Talbots to close its Circle Centre store in latest clothier exit
The purveyor of classic women’s styles isn’t the only fashion retailer planning to close its location in the downtown mall in the next week.
‘Sisters of Savings’ sell Hare Chevrolet to national firm
But the dealership’s ubiquitous commercials won’t be going anywhere.
More pay, greater confidence lifts U.S. retail sales 0.6 percent
Americans stepped up their auto buying and online shopping in December, reflecting a boost in confidence after the election and an increase in pay.
Mass Ave Toys to help anchor evolving north-side retail center
The owners of 54th & Monon Shops, a three-building complex, are nearly finished converting the former industrial area into a retail hub.
HHGregg expecting major drop in sales in latest quarter
HHGregg released preliminary sales results for its latest quarter Monday after the market closed. Shares fell 24 percent in after-hours trading, to $1 each, after closing at $1.31.
Hustler Hollywood sues city over zoning roadblocks
Beverly Hills-based Hustler Hollywood says city officials are incorrectly classifying its planned Castleton store as an adult business, which is preventing it from opening its doors. It filed suit over the denial on Thursday.
Sears to sell famed Craftsman tool brand to Stanley Black & Decker
After controlling the Craftsman name for 90 years, troubled department store operator Sears said it will sell the famous tool brand.
Popular Chicago-area chain Portillo’s plans Fishers location
The chain, known for its Italian beef sandwiches and Chicago-style hot dogs, has begun recruiting managers for a Fishers location that it says will open this year.
Local Macy’s, Sears stores escape new round of closures
Macy’s on Wednesday announced plans to close 68 of its department stores and eliminate 10,000 jobs. Sears Holdings, meanwhile, is closing 108 Kmart stores and 42 Sears department stores.
Limited stores, including two in Indy, closing nationwide
The longtime clothing retailer shut the doors to its Circle Centre mall location Dec. 24, while the one at Castleton Square Mall is set to close Saturday.
Longtime Indiana Avenue bar, restaurant closing
Bourbon Street Distillery at 361 Indiana Ave. will serve its last customers on Friday, after 15 years in business.
HHGregg hires new chief merchandising officer
Aaron Trahan, 32, is the fifth person to hold this job since 2012 at the struggling Indianapolis-based retailer.
‘Perfect recipe’ leads to Fishers food-centric development
The culinary-centric development proposed in Fishers is an unusual concept for the northern suburb, but it’s an idea experts say just needed the right recipe.
Sears Holdings lines up $200M in financing to stay afloat
The move signals that hedge fund manager Eddie Lampert remains committed to bankrolling Sears, even as the once-mighty department-store chain suffers from dwindling sales and billions in red ink.
High CFO turnover for retailers a sign of the times
The rapid turnover is a symptom of the quickly changing retail industry, as shifting consumer behavior demands new strategies from companies trying to keep up.