Two Indiana stores on Aeropostale’s closure list
Clothing retailer Aeropostale, once the vibrant epicenter of the shopping mall scene, is seeking Chapter 11 bankruptcy protection and closing 113 of its 739 U.S. stores.
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More filling: Craft brew craze adds body to real estate market
A study from CBRE says that by summer more than 50 microbreweries will be operating in the Indianapolis area and occupying space that otherwise might have remained vacant.
Three Indiana restaurants on Bob Evans closure list
Restaurant chain Bob Evans Farms is closing 27 underperforming locations—including two in the Indianapolis area—and laying off 1,100 workers in an attempt to boost profits, it announced Monday.
Teen retailer delisted as possible bankruptcy looms
Trading in shares of Aeropostale, the retailer with five stores in the Indianapolis area, was suspended Friday as the New York Stock Exchange made plans to delist the company.
Two Indiana stores on Sears Holdings’ closure list
Sears Holdings Corp. will close another 78 stores—68 Kmart units and 10 Sears stores—as it looks to restore profitability, the retailer announced Thursday.
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.
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.