State’s publicly traded retailers aim to cash in on bright holiday forecasts
Shares of The Finish Line Inc., HHGregg Inc. and The Shoe Carnival Inc. all have lost value this year and are trailing major stock indexes by a wide margin.
Retailers
Articles
Purdue economist: Turkeys slightly more expensive this year
A Purdue University agricultural economist says Thanksgiving food shoppers will find adequate supplies of turkeys but possibly at slightly higher prices.
HHGregg shares fall on disappointing quarterly results
The company lost more than $10 million in its latest quarter as it saw comparable-store sales fall in every product category except home products.
St. Louis furniture retailer plans expansion into Indy
Weekends Only Furniture Outlet, which has five stores in the St. Louis area, plans to make its first expansion outside of its home market by opening a 92,000-square-foot store in Castleton.
Humane Society takes Steak n Shake fight to shareholders
The Humane Society has set its sights on Biglari Holdings, the firm that owns Indianapolis-based Steak n Shake, saying it has ignored requests to adopt animal welfare methods like its competitors.
Clark Appliance files Chapter 11 bankruptcy protection
In a letter to customers, company president Bob Clark said he has no intention of closing the 100-year-old business and is working to finalize a deal for financing to continue operating.
Meijer drops rezoning request for proposed Glendale store
The retailer had filed plans to rezone nearly an acre along East 56th Street and Keystone Avenue for a 200,000-square-foot store, which neighbors argued would bring too much traffic to the area.
There’s an app for booze delivery coming to Indy
Retailer Big Red Liquors is expected to announce a partnership Thurday with Boston-based mobile-software startup Drizly to offer alcohol delivery service to consumers in the area.
Finish Line names new president from within
Samuel M. Sato joined the company in 2007 and previously had served as president of the Indianapolis-based retailer’s Finish Line brand.
Purdue expert: Holiday spending to climb 4 percent
While money spent on Christmas and Hanukkah gifts is likely to increase, so are the number of retailers and Internet sites available to consumers. That will dilute sales growth for many retailers.
Forecasters expect 4.1-percent rise in holiday spending
Americans are expected to spend at the highest rate in three years during the upcoming holiday shopping season, according to the nation's largest retail industry trade group.
Wal-Mart cuts health benefits for most part-timers
Starting Jan. 1, Wal-Mart will no longer offer health insurance to employees who work less than an average of 30 hours a week. The move, which would affect 30,000 employees, follows similar decisions by Target, Home Depot and others.
Running guru Kennedy joins Athletic Annex ownership
Bob Kennedy has become a partner of the longtime northwest-side specialty running and walking retailer, while maintaining his ownership of a three-store chain in San Diego.
Washington Square Mall losing biggest tenant
Sears Roebuck and Co. plans to close its 194,680-square-foot anchor store in early December, the retailer confirmed Monday. A liquidation sale began Friday.
Local Kmart closings part of Sears’ ongoing woes
The planned closings of two Kmart stores in Indianapolis are part of a wave of national closures prompted by the ongoing struggles of parent company Sears Holdings Corp.
Finish Line shares fall after quarterly results miss mark
Shares in The Finish Line Inc. dropped as much as 12 percent Friday morning after the company reported second-quarter earnings and revenue that fell short of analyst expectations.
Wal-Mart targeted by lawsuit for local PCB discovery
The complaint stems from the discovery of the carcinogen at a Wal-Mart return center on the east side of Indianapolis. The suit seeks class-action status on behalf of its 600 workers.
Kohl’s plans surge in holiday hiring nationally, locally
About 2,000 of those hirings will take place in Indiana, including about 900 in the Indianapolis area. Kohl's has 39 stores in Indiana, and 18 in the metro area.<
HHGregg hires former Marsh exec as CFO
Indianapolis-based HHGregg Inc. has hired former Marsh Supermarkets executive Robert J. Riesbeck as its new chief financial officer, the appliances and electronics retailer announced Thursday.
Kroger quarterly results beat market expectations
Kroger Co., the leading grocer in Indianapolis in terms of market share, on Thursday reported earnings of $347 million in its fiscal second quarter, exceeding analyst expectations.