Finish Line reports tough quarterly results, downsizes forecast
The Indianapolis-based athletic footwear and apparel retailer also made changes to its board and executive ranks.
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Walgreens, Rite Aid revise store purchase deal to $4.38B
Walgreens and Rite Aid have finally devised a combination of the nation's largest and third-largest drugstore chains that will get past antitrust regulators.
Toys ‘R’ Us files for Chapter 11 bankruptcy
The company filed Chapter 11 documents late Monday in U.S. Bankruptcy Court in Richmond, Virginia. The chain secured $3 billion in debtor-in-possession financing to stay open while it restructures, according to a company statement.
Some Toys `R’ Us vendors cutting shipments on bankruptcy fears
Some suppliers to Toys “R” Us Inc. have scaled back shipments to the retailer as it struggles to refinance debt and avoid a potential bankruptcy filing, according to people with knowledge of the matter.
Finish Line stock jumps on takeover speculation
Stock in Finish Line Inc. rose 6.5 percent Wednesday after an analyst at Susquehanna Financial said he believes a buyout of the Indianapolis-based retailer is likely.
Whole Foods sees 25 percent jump in shoppers after Amazon cuts
Amazon.com Inc.’s splashy takeover of Whole Foods, complete with deep price cuts, did more than bring a surge of publicity to the chain: It boosted customer traffic.
Indianapolis has pros, cons as potential Amazon HQ2 contender
Tech leaders, including Salesforce CEO Marc Benioff, think Indianapolis would be a great location for Amazon’s second headquarters. And, like other cities in the running, it has some strengths and weaknesses.
Hamilton County employers try to fill thousands of positions as jobless rate falls
No particular industry sector appears safe from the impact, as the county’s unemployment rate falls below 3 percent. Companies in health care, information technology, advanced manufacturing and construction are all struggling to find workers.
Gap to close some signature stores, open more Old Navy, Athleta locations
The company said Wednesday that it wants to shift focus to its growing brands Old Navy and Athleta while jettisoning hundreds of stores under the Gap and Banana Republic flags.
Online shops opening brick-and-mortar stores
Simon Property Group Inc., the nation’s largest mall owner, is getting a big assist from an unlikely source in its bid to backfill wide swaths of space left by failed or struggling clothing chains.
Stock skids at Lids’ parent firm after company whacks outlook
Zionsville-based Lids Sports Group posted disappointing sales in its second quarter, mirroring recent results from other athletic apparel retailers. Its parent company is trying to dampen expectations for the overall firm.
Fragrance retailer with local store files for bankruptcy protection
Fragrance seller Perfumania has filed for bankruptcy protection, and plans to close 65 of its 230 stores as it focuses more on selling online.
Simon sues Starbucks in bid to block mass Teavana closings
Indianapolis-based Simon Property Group, the country’s largest shopping mall operator, says in the lawsuit that Starbucks is breaching its leases by closing the Teavana stores and “shirking its contractual obligations.”
Auto dealers remain boys clubs when it comes to employment
Even as women make or influence the majority of auto purchases in the United States, retailers have failed to attract and retain female employees, according to CDK Global, which advises dealerships on sales strategies.
Amazon to slash prices on Whole Foods staples after acquisition
Amazon’s announcement comes a day after Whole Foods shareholders gave their approval and the Federal Trade Commission said it would not block the purchase. The deal is expected to close Monday.
Sears preparing to close more stores after another poor quarter
The holding company for Sears and Kmart announced plans to close 28 more stores after it lost $251 million in the second quarter and revenue fell 23 percent.
Whole Foods shareholders say yes to $13.7B Amazon deal
The approval is one step required to close the deal, which is a bold move into physical stores for Amazon, and has the possibility of making big changes to the supermarket industry and online grocery ordering.
Portillo’s announces opening date for first Indy-area restaurant
The Chicago-based eatery known for its Italian beef sandwiches and hot dogs is set to open at 9201 E 116th St. in Fishers, near Ikea.
Ikea announces opening date for Fishers location
The Swedish retailer said it will allow customers to line up at the 289,000-square-foot store two days ahead of the grand opening.
Parent of Applebee’s, IHOP to close up to 160 restaurants
DineEquity Inc., the parent company of Applebee’s Neighborhood Bar & Grill and IHOP, is planning to eliminate as many as 160 of the restaurants, the company said Thursday.