Robert Riesbeck, appointed to the top job last year, says growth opportunities in appliances and furniture are sufficient to offset declines in the company's battered consumer electronics product line.
The two owners operated six eateries in central Indiana, including one in Indianapolis, and have agreed to pay nearly $143,000 in restitution to the state Department of Revenue.
Despite a bumpy holiday season and other issues, the largest retail trade group says it's still optimistic that sales will grow this year.
The arrivals and expansions follow a busy year for the upscale north-side mall, which saw plenty of activity in 2016.
The New York Stock Exchange has notified HHGregg that the company’s stock price needs rise above avoid a delisting. Its market cap also needs a boost.
If a deal occurs, Hudson’s Bay might fold Macy’s assets, worth about $20 billion, into HBS Global Properties, its joint venture with Indianapolis-based Simon Property Group.
In a statement, CEO Robert Riesbeck said: "While decisions like this are never easy, we are taking the necessary steps to preserve and grow our business during the continued challenging retail environment.”
Lawmakers are advancing a bill that would compel large, online retailers to collect and send sales taxes to the state—injecting Indiana into a national tussle over the issue.
Grocery chains, convenience stores and pharmacies have pushed for years to have Indiana's eight decades-old ban lifted and be able to sell alcohol on Sundays, but a compromise has been elusive.
Greg Hardesty will serve his last patrons Feb. 18 at the popular bistro south of Broad Ripple. He will turn it over to another high-profile local restaurateur, who will open a Japanese-inspired concept in the space.
The retailer took a whopping loss of $58.3 million in the quarter, more than double the loss of $26.9 million it took in the third quarter of the previous year.
Indianapolis International Airport wants to bring in more local vendors as contracts with some current concessionaires expire, and add other features to better reflect the character of the city.
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.
The world's biggest retailer said Tuesday that 59 new, expanded or relocated Walmart and Sam’s Clubs locations are in the works.
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.
Americans stepped up their auto buying and online shopping in December, reflecting a boost in confidence after the election and an increase in pay.
The owners of 54th & Monon Shops, a three-building complex, are nearly finished converting the former industrial area into a retail hub.
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.
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.
After controlling the Craftsman name for 90 years, troubled department store operator Sears said it will sell the famous tool brand.
