Large Noble Roman’s investor calls for sale of company
In a scathing letter to directors, Privet Fund LP said accountability is sorely lacking throughout the upper ranks of the company, which has a stock price languishing below $2 a share.
Retailers
Articles
Amazon raises online retail bar with same-day delivery
The logistics and costs of same-day delivery—the fuel, labor, infrastructure and other costs—have been difficult challenges to surmount.
Retailers expect weak holiday for electronics sales
Retailers like Best Buy Co. and HHGregg Inc. expect weak demand for electronics during the holidays, although ultra-HD televisions might be an exception.
Salvage shop rescues industrial, medical antiques
Society of Salvage, a 2-year-old shop on downtown’s east side owned by Sandra Jarvis, has carved out an unusual niche in the salvage industry by unearthing industrial equipment and medical oddities from old buildings and factories.
Target, Wal-Mart see online sales growth slow in ominous sign
Both retailers are investing heavily in e-commerce operations, but the deceleration in online sales growth underscores the challenge of competing with Amazon.com, the world’s largest Internet retailer.
Veteran jeweler Thrapp retiring, closing shop
Gary Thrapp will wind down operations at his north-side store at 56th and Illinois streets with a going-out-of-business sale starting Thursday.
Kroger plans $178 million acquisition of Roundy’s
Kroger will add about 150 stores in Wisconsin and Illinois with acquisition, expanding its already sizable presence in the Midwest.
Toy sales on pace for best year in a decade
The growth is being fueled by increasing popularity of collectibles, toys based on Hollywood blockbuster films and better technology that allows toys to do things like talk back to children.
Retailers, restaurants struggle to find staff in north ‘burbs
Advertisements for traditionally low-wage jobs in hospitality and retail decorate major thoroughfares in the northern suburbs, offering management positions and higher pay as incentives.
HHGregg misses expectations with quarterly loss
The Indianapolis-based appliance and electronics retailer on Thursday reported a loss of $10.1 million on shrinking sales.
Anderson store on Target’s national closure list
Target Corp. plans to close 13 stores nationwide, including one in Anderson, the retailer announced Wednesday.
Wal-Mart, Target step up their holiday strategies
Wal-Mart and Target have a lot to prove this holiday season. Both are heading into the season with turnaround plans they launched after being battered by the economy and their own mistakes.
UPDATE: Walgreens to acquire Rite Aid for $9.4 billion
Walgreens is buying rival Rite Aid for about $9.41 billion in cash, creating a drugstore giant with nearly 18,000 stores around the world.
Local restaurant offering discount to legal gun carriers
Restaurateur Art Bouvier announced the discount Saturday night on Facebook shortly after a robbery at his Cajun eatery, Papa Roux.
Wal-Mart shares plunge after it predicts big earnings decline
Wal-Mart Stores Inc. suffered its worst stock decline in more than 15 years Wednesday morning after predicting a drop in annual profit, underscoring the giant retailer’s struggles to reignite growth.
Researchers, ranchers beefing up steak with algae, flaxseed
Health-conscious consumers might be persuaded to eat more beef if it was fortified with heart-healthy omega-3 fatty acids naturally found in salmon and walnuts, according to researchers and some ranchers.
Sluggish wages, job growth expected to slow holiday shopping
Stores are also grappling with shoppers’ shift away from clothing and other traditional merchandise and more toward experiences like spas and concert tickets.
Q&A: HHGregg CEO talks turnaround strategy
Dennis May has been at the helm of the electronics and appliance retailer since 2010 and has seen sales of televisions swoon. But expanding into furniture and high-end appliances might help right the ship.
IPS property sale rekindles talk of downtown Target
Indianapolis Public Schools' plan to sell the 11-acre former Coca-Cola bottling plant site at Massachusetts and College avenues has revived talk that Target would finally open a downtown store.
Few retailers ready for microchip credit, debit cards
As issuers roll out the more secure cards, few local retailers are ready to accept them ahead of the date when they become responsible for fraudulent transactions.