Staples agrees to buy Office Depot for about $6.3 billion
Staples Inc. plans to acquire Office Depot Inc. in a deal that will reduce the U.S. office-supply industry to a single major chain and test the limits of antitrust regulators.
Retailers
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Largest Domino’s franchisee buying nearly 40 area stores
A franchisee that started with three Domino's stores in South Mississippi 34 years ago is buying 45 stores in Indiana from Bob Taylor, who owns more than 70 stores in the Hoosier state.
Amazon, Sprint eye stores that RadioShack might exit
On the edge of bankruptcy, RadioShack is moving toward a deal to sell a large portion of its 4,000-plus U.S. stores and close the rest, sources said.
Stout’s to shrink flagship store, setting table for restaurant
Stout's Shoes plans to downsize its flagship Mass Ave location, which it touts as the nation's oldest shoe store, to make way for a new restaurant and bar along the popular dining corridor.
HHGregg quarterly results fall short of expectations
The Indianapolis-based appliance, electronics and furniture retailer suffered through a tough end-of-the-year quarter that couldn’t be rescued by holiday shoppers.
McDonald’s CEO, an Indy native, steps down as sales decline
McDonald's CEO Don Thompson is stepping down as the world's biggest hamburger chain fights to hold onto customers and transform its image.
Frisch’s alleges ex-treasurer embezzled $3.3M
The company that owns dozens of Frisch's Big Boy restaurants in Ohio, Indiana and Kentucky alleges a former assistant treasurer stole an estimated $3.3 million in a multiyear embezzlement scheme.
Retailers rejected by Supreme Court on debit-card fees
The U.S. Supreme Court, without comment, left intact a Federal Reserve rule governing how much banks can collect for debit-card transactions.
Convenience chain going upscale as it plots new stores
Anderson-based Ricker’s new gas station and convenience store at 146th Street and Carey Road in Westfield offers made-to-order burritos and self-serve frozen yogurt. The Anderson-based company plans to use the Westfield site as a model for its next generation of stores.
Meijer tax ruling may reverberate statewide
The Indiana Board of Tax Review ruled in December that the East 96th Street Meijer store—one of the most successful in the state—should have been assessed in 2012 at the equivalent of $30 per square foot, not the $83 per square foot assigned by Marion County.
Prominent jeweler retrenches after auction of inventory
Despite an auction of inventory to satisfy a debt, Aronstam Fine Jewelers is in no danger of closing, the store’s owner says, thanks to the help of outside investors.
Clark Appliance preparing to liquidate inventory
The liquidation follows last month’s closing of the high-end appliance retailer’s store in Castleton and comes after a failed attempt to reorganize.
Growing church wants old Borders space in Carmel
Mercy Road Church is seeking to take over the former Borders bookstore at 116th Street and Keystone Parkway, transforming the long-vacant building into a long-term home for its growing congregation.
HHGregg expecting drop in year-end sales
The Indianapolis-based appliance, electronics and furniture retailer anticipates a 6-percent decline in sales for its quarter ended Dec. 31, despite strong e-commerce growth.
Clay Terrace bakery closes, 3 youth retailers to follow
Paradise Bakery & Café closed its location at Carmel’s Clay Terrace on Tuesday, leading off a mini exodus of retailers from the upscale outdoor mall.
HHGregg snags new exec from New York chain
The appliance and electronics retailer has hired its fourth chief merchandising officer in about three years, snagging a veteran executive who will move on from a much smaller chain.
Simon launches retail startup competition
"Simon Launch" winners will receive cash, support and the opportunity to snag investments from the company's venture capital arm, which is deploying millions of dollars in startups.
Specialty grocers blitz city with new stores
The Indianapolis area’s competitive grocery market is becoming even more crowded with the arrival of additional specialty stores catering to the upscale crowd.
Sales for holiday shopping season come down to the wire
Despite an early start, sales data show that stores may once again have to rely on procrastinators to save the holiday shopping season.
Finish Line shares slide after quarterly results miss mark
Shares of The Finish Line Inc. tumbled by about 20 percent in trading Friday morning, after the Indianapolis-based company lowered its earning outlook.