Sixteen Indy-area Popeyes acquired by franchise group
Indiana-based Womack Restaurants began its association with the Atlanta-based chicken chain in 2014 and also has locations in Missouri, Kansas and Oklahoma.
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Kohl’s shares soar on quarterly profit growth
The retailer, which operates 14 stores in the Indianapolis area, recently bought a massive distribution center in Plainfield that it plans to use in its strategy to boost online sales.
Carmel’s Midtown project finds its momentum
It took nearly two years to finalize design and financing for the first phase of Midtown, but its developer predicts that other components will fall into place quickly now that construction has started.
Carmel phone retailer Round Room acquires 357-store chain
Round Room LLC, which operates hundreds of stores under the name TCC (formerly The Cellular Connection), said the deal to acquire Wireless Zone of Rocky Hill, Connecticut, will expand its footprint to 1,160 stores in 41 states.
Thanksgiving Day shopping is here to stay, but with some tweaks
Thanksgiving Day shopping isn’t going away, but some stores are rethinking their strategies on whether it makes sense to be open on the holiday itself.
HHGregg posts steep quarterly loss on falling sales
The Indianapolis-based appliance and electronics retailer suffered another money-losing quarter, though its strategy to focus more on appliances is making headway.
Steak n Shake rebounds to post small same-store sales increase
Sales at established Steak n Shake restaurants rose slightly in the latest quarter following disappointing results last period that snapped a streak of 29 consecutive quarterly increases dating to 2009.
Holiday sales are projected to go up, but malls might not benefit
Upbeat holiday shopping forecasts are giving retailers reason to cheer despite nagging signs that consumers are spending less at malls and instead opting for online outlets.
Finish Line seeking buyer for its JackRabbit stores, sources say
The specialty running-shoe division, which operates 70 stores under various names, could draw interest from private equity firms and other sporting-goods chains.
New restaurant planned for Circle City Industrial Complex
The Convivial Community Bar—slated to open in spring 2017—will be on the south end of the complex with a patio along East 10th Street, just off the Pogue’s Run Trail.
HHGregg to close for Thanksgiving
"It's time to stop the madness," said CEO Robert Riesbeck, who noted that the appliance chain wasn't seeing a huge spike in business on the holiday anyway.
Scotty’s Brewhouse founder negotiating to sell stake in chain
The deal with an Arizona-based private-equity firm could take the small Indianapolis-based chain to 200 restaurants within the next four years, including locations in Japan.
Wal-Mart plans to slow new store openings, invest in online
Wal-Mart closed on its more than $3 billion buyout of the online retailer Jet.com last month, showing how heavily it’s willing to invest as it tries to boost online sales that totaled $13.7 billion last year.
Paradise Bakery closing last Indianapolis-area location
Paradise Bakery & Cafe, which once operated a half-dozen restaurants in the Indianapolis area, will quit selling cookies in Indiana on Tuesday.
Retailer Cabela’s agrees to $5.5 billion buyout by Bass Pro
The offer of $65.50 a share in cash represents a 19 percent premium to Cabela’s most recent closing price, the companies said Monday in a written statement.
Downtown breakfast-and-lunch spot City Cafe closes
City Cafe, which began operating on North Pennsylvania Street about 15 years ago, has closed due to an owner’s ongoing health problem.
Sears, Claire’s at high risk of retail failures, Fitch says
Sears Holdings Corp. and Claire’s Stores Inc. are among seven chains at high risk of defaulting within a year as shoppers shift to online merchants and spend more on experiences, according to a Fitch Ratings study.
Finish Line realizing benefits of closing stores
Finish Line's experience highlights the important, but difficult, path forward for retail chains that had become addicted to new stores as the only way to fuel sales.
Chuck Taylor sequel flops, dealing blow to Nike’s Converse brand
With a lot of fanfare last July, Converse released a more expensive version of the classic Chuck Taylor, the iconic brand designed by the former basketball player and salesman from Indiana. But fans still prefer the older model.
Finish Line’s supply chain woes under control, CEO says
Sales and profit for the apparel seller’s most recent quarter either met or exceeding Wall Street’s expectations. It’s now embarking on a plan for responding to clothing trends more quickly.