The appliance-and-electronics retailer never disclosed the identity of the proposed buyer, but statements by attorneys in court and in a court filing suggest it was affiliated with Zimmerman Advertising, the company's advertising agency.
Struggling Marsh Supermarkets has stopped paying rent on six Indianapolis stores, a move that might suggest the struggling chain is preparing to close them to shore up finances.
Gander Mountain is closing two stores in Indiana, including one of its Indianapolis-area locations, as part of a bankruptcy restructuring plan that will close 32 stores overall.
The Indianapolis-based appliance and electronics retailer says it has interest from dozens of potential purchasers.
The long-awaited arrival of Ikea to central Indiana will transform the way many Hoosiers buy furniture.
The regional retailer, which has about a dozen superstores in the area, said it will offer the service beginning in April through outside vendor Shipt Inc.
The company that set out to revive the fortunes of RadioShack, the venerable consumer-electronics chain, filed for bankruptcy Wednesday after failing to keep up with changing consumer habits. The filing could mean the end for eight remaining area stores.
The company did not disclose the identity of the purchaser. CEO Robert Riesbeck said HHGregg is “fully committed” to continuing to operate the 132 stores that will remain after it completes the closings announced last week of 88 stores.
Gordmans Stores Inc., a Midwestern department-store chain founded more than a century ago, is preparing to file for bankruptcy, according to people familiar with the matter. The retailer has one store in the Indianapolis area and several others in Indiana.
The news comes one day after the Indianapolis-based retailer announced that it was closing 88 stores and three distribution centers
A filing could happen within the coming days and will probably result in liquidation, sources said. The Indianapolis area is still home to several RadioShack locations.
The closure of 40 percent of the retailer’s stores will result in the elimination of about 1,500 jobs.
The New York Stock Exchange on Tuesday suspended trading of HHGregg Inc. shares as it began proceedings to delist the struggling retailer’s common stock.
Same-stores sales for the burger chain dropped for the first time since 2008. Profit and customer traffic also fell.
Target Corp. reported a 43 percent drop in fourth-quarter profit as weak store sales overshadowed an improving online performance.
The 61-year-old retailer of appliances and electronics is preparing to file for bankruptcy as it grapples with an ongoing slump in sales, according to people familiar with the matter.
Restaurant Brands International Inc. has agreed to buy Popeyes Louisiana Kitchen Inc., adding a fried-chicken outfit to its lineup of burgers and doughnuts. The two chains have about 70 restaurants in the Indianapolis area.
The jobs are part of a plan Lowe’s announced Wednesday to hire 1,700 customer-support employees in total by October at offices in Wilkesboro, North Carolina; Albuquerque, New Mexico; and Indianapolis.
The popular restaurant chain known for its Italian beef sandwiches and Chicago-style hot dogs on Thursday officially disclosed it was coming to Fishers and revealed its chosen location.
Indianapolis-based HHGregg Inc. is turning to investment banks “to pursue a range of potential strategic and financial transactions” as the struggling appliances and electronics retailer battles sinking sales.
