Finish Line taps Nordstrom exec to lead merchandising
The move comes as Finish Line’s new CEO strives to improve performance issues that caused the retailer to lose $32 million in sales in its fiscal third quarter.
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U.S. retail sales fall as Americans buy fewer vehicles
A 2.1 percent plunge in auto sales—the steepest such fall in more than a year—accounted for most of last month's drop. But sales were weak in some other sectors.
Pacific Sunwear files bankruptcy as shifting tides cut sales
Retailer Pacific Sunwear of California Inc., which operates 11 stores in Indiana, filed for bankruptcy protection Thursday after what it called years of management blunders.
Judge urges Staples, Office Depot to discuss $6.3B deal
U.S. judge urged Staples Inc. and Office Depot lawyers to “sit down and talk” with the Federal Trade Commission about terms for resolving the agency’s opposition to their proposed merger.
Long-struggling surfwear chain nearing bankruptcy
Pacific Sunwear of California Inc., which operates 11 stores in Indiana and three in the Indianapolis area, is preparing to file for bankruptcy, according to people with knowledge of the situation.
Hancock Fabrics to close remaining stores
The Hancock Fabrics’ website is advertising a going-out-of-business sale online and in its stores, including those at 2192 E. 116th St. in Carmel and 8811 Hardegan St. on the south side of Indianapolis.
Station owner takes steps to thwart skimming at gas pumps
Ricker's, an Anderson-based business with convenience store/gas stations throughout Indiana, is spending $150,000 to prevent the crimes from getting out of hand.
Finish Line reports strong quarter, soft outlook
The Indianapolis-based retailer of athletic apparel turned in quarterly earnings that beat analyst expectations, but the price of company shares quickly dropped Thursday on weak earnings guidance.
Bill banning local plastic bag restrictions signed by Pence
City and county officials across Indiana won't be allowed to tax or restrict the use of disposable plastic bags by grocery stores and other retailers under a new state law.
Menard teams up with Penske as sponsor for Indy 500
Roger Penske is bringing former IndyCar owner John Menard back to the series as a team sponsor.
Aldi taking Walmart’s low-price edge in grocery wars
Aldi stores lack the massive size and selection of a Walmart, but their rapid proliferation and ability to offer even lower prices are putting pressure on the giant discounter.
Car dealer paying to replace school’s unsafe bleachers
An automobile dealer is giving $1.5 million to replace the bleachers at a local high school's football stadium that have been closed off because of safety concerns.
New Wal-Mart milk plant to employ 200 in Indiana
Wal-Mart Stores Inc. plans to build a multimillion-dollar milk-processing plant on 80 acres of farmland south of Fort Wayne International Airport, state officials announced Friday.
Lids Sports Group narrows focus after profit evaporates
The Zionsville-based retailer continued to grow but saw profit plummet after it moved beyond its core business of selling sports caps.
Chipotle expects first quarterly loss after food-safety crisis
Chipotle Mexican Grill Inc., which has a dozen Indianapolis-area locations, saw sales fall for at least the third straight month in February.
Low gasoline prices drag down U.S. retail sales
Sales were generally weak across the board: Auto dealers, electronics and appliance stores, grocery stores and department stores all reported lower sales.
Fresh Market grocery chain acquired for $1.4 billion
Fresh Market, which operates five stores in Indiana, including three in the Indianapolis area, has been sold to buyout firm Apollo Global Management.
Owner of Men’s Wearhouse, Jos. A. Bank to close 100s of stores
Tailored Brands Inc., which owns a dozen men’s clothing stores in the Indianapolis area, announced the cost-cutting plan after sales slid during the holidays.
Lawmakers act to curtail ‘dark box’ property valuation method
There could be some relief in sight for local governments that were losing tax revenue due to the so-called “dark box” valuation method of commercial property in their counties.
Local Ryan’s Buffet closes as part of corporate restructuring
The south-side restaurant on U.S. 31 is among 90 eateries under parent Ovation Brands Inc.’s umbrella that have been closed nationwide.