New state law allows distilleries to sell carryout 7 days a week
The new law lifts the ban on carryout sales for artisan distilleries, putting the businesses on par with wineries and craft breweries, which already sell alcohol on Sundays.
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Zionsville decides not to appeal decision in Wal-Mart case
On Monday night, the Zionsville Plan Commission unanimously agreed not to pursue further legal action in the case that involves Wal-Mart’s initial store proposal from 2006.
Scotty’s fires management over ‘best butt’ award
Owner Scott Wise said he’s ordered additional sexual harassment training companywide—beyond the training managers already undergo.
Shopping malls laden with debt face day of reckoning
Experts estimate that several hundred shopping malls could shut down over the next decade after owners relinquish them to lenders rather than make steep loan payments.
Finish Line COO always looking to ‘add value’
Melissa Greenwell says she has never focused on the climb up the corporate ladder.
Biglari’s Maxim saga drenched with drama, red ink
A former employee alleges that Sardar Biglari insisted Maxim devote 50 pages of the December/January issue to Monaco, where he spends significant time, and include features on his favorite cigar shop and on David Letterman, part-owner of the race team Steak n Shake sponsors.
Report of Kite-WP Glimcher merger takes analysts by surprise
At least one industry analyst that follows Indianapolis-based Kite Realty said a union between the two companies wouldn’t make sense, given that most of Kite’s properties are strip centers and WP Glimcher’s are shopping malls.
Hofmeister faces $2.4M suit over Clearwater jewelry store
The foreclosure lawsuit is the latest legal problem for the 43-year-old retailer, which is still trying to pay off debt from a Chapter 11 bankruptcy it filed in 2011.
Sears to explore sales of Kenmore, Craftsman, DieHard brands
Sears Holdings Corp. may turn to asset sales of some of America’s iconic brands to generate cash amid continued losses.
Cheaper beef makes return just in time for grilling season
Americans celebrating Memorial Day this weekend have a pleasant surprise coming their way: the cheapest retail prices for ground beef in two years.
HHGregg chief executive hoping to shed interim tag
Robert Riesbeck, the company’s chief financial officer, has served as the struggling retailer’s CEO on a temporary basis since February but wants the title to become permanent.
Frozen food recall covers many stores, several years
It's one of the largest food recalls in recent memory, with well over 400 products sold under more than 40 different brand names at major retailers including Costco, Target, Trader Joe’s and Safeway.
In dark quarter for retailers, Wal-Mart manages to shine
Surprisingly strong sales at Wal-Mart Stores Inc. and an optimistic outlook from the world's largest retailer lifted a pall that settled over much of the sector in the past two weeks.
Changes in retail expand gulf between haves, have-nots
It turns out that Simon Property Group spun off its less profitable malls and zeroed in on high-end properties at just the right times. Analysts say middling malls are losing out as retailers decide where to pare locations.
Target leads other retail stocks downward on weak sales
Target Corp., which has 30 stores in Indiana, suffered its biggest intraday stock decline since 2008 Wednesday after it reported slowing sales.
Retail REITs feeling shopping mall pain, except for Simon
Unlike some of its peers, Indianapolis-based Simon Property Group continues to attract star tenants such as Nike and Apple, command higher rents, and get attractive financing terms.
Home Depot manages to rise above retail fray
Home Depot, which has eight stores in the Indianapolis area, bucked the trend of many national retailers when it provided its financial outlook Tuesday morning.
RoomPlace plans to reopen long-vacant Levitz store, warehouse
Lombard, Illinois-based furniture retailer RoomPlace has acquired the massive and long-vacant Levitz Furniture building on East Washington Street and plans to renovate it into a showroom and warehouse, city officials announced Monday morning.
Duluth Trading Co. planning store in Noblesville
The Wisconsin-based men’s and women’s workwear retailer, which raised $80 million in an IPO last year, has filed plans to build a store next to Cabela’s near Hamilton Town Center.
U.S. retail sales show solid gain despite woes at store chains
April’s sales gains paint a healthier picture of retail spending than did a slew of troubling reports released this week by Macy’s, Nordstrom, Kohl’s and J.C. Penney.