Shares in Genesco Inc.—parent of Zionsville-based Lids Sports Group—dropped almost 30 percent Thursday after the company reported lower-than-expected sales in the second quarter and downgraded its full-year outlook.
Lawyers for an Indianapolis gun store sued for making an illegal straw sale of a firearm that was used to shoot an Indianapolis police officer argued Wednesday that Indiana gun sellers are shielded from civil lawsuits even when they break the law.
Without the rescue, it appears the teen fashion retailer’s remaining stores are heading for liquidation, an event that will put about 10,000 people out of work. Aeropostale has five Indianapolis-area stores.
J.C. Penney Co. is in a surprising position more than four years after it was almost run aground by a former CEO: It could be the last department store standing at your local mall.
Sears Holdings Corp., which operates about 80 stores in Indiana, is once again lining up financing after losing more than $9 billion in recent years.
Dennis May, who left HHGregg Inc. in February after nearly seven years as CEO of the retail chain, has a taken a new job at a health care company that has plans for regional growth.
With the new location, fast-growing Fresh Thyme will have 46 stores operating in the Midwest since launching in 2012.
The Indy area’s largest florist has completed moving its headquarters and distribution operations from Fishers to an area near downtown in need of revitalization.
One day after retailer Home Depot reported record earnings that signaled an improving U.S. housing market, competitor Lowe’s reported weak sales growth and cut its profit expectations for the year.
The dour outlook renews concern that the retail economy is sliding into a deeper funk.
Indiana-based franchisor Ben’s Soft Pretzels LLC announced Tuesday that it was seeking franchisees to open 25 locations in the Indianapolis area by 2021.
The sporting goods chain with eight area stores saw its stock rise as much as 10 percent Tuesday morning. The retailer is benefiting from the demise of its biggest rival.
Home Depot operates more than 2,250 stores, including four in Indianapolis and one each in Carmel, Noblesville, Greenwood and Greenfield.
A salvage hub of sorts is taking shape on the near-east side now that another antique shop with a familiar name has opened in the area.
Macy’s operates three Indianapolis-area stores—at Glendale Shopping Center, Castleton Square and Greenwood Park Mall.
Steak n Shake same-store sales slipped 0.7 percent in the latest quarter as customer traffic at those locations fell 2.1 percent. The decline ended a streak that started in 2009.
The electronics and appliance retailer also announced more personnel moves, including the appointment of a new chief financial officer.
The operator and franchiser of more than 250 roadhouse-themed restaurants, including four in the Indianapolis area, said it plans to close 18 under-performing restaurants as part of the reorganization plan.
The Indianapolis-based retailer promoted Chris Sutton to senior vice president of marketing, following the departure last month of his predecessor. It also hired two merchandising execs.
HHGregg Inc. failed to turn a profit for the 11th straight quarter as sales at the Indianapolis-based retail chain continued to fall, but the company did see some improvement in key financial categories.
