J.C. Penney, which is trying to bounce back from its worst sales year in two decades, will be replaced by Carmel-based electronic security company Allegion, which is being spun off by Irish industrial conglomerate Ingersoll-Rand Plc.
Since the recession began in late 2007, stores have had to offer financially-strapped Americans ever bigger price cuts just to get them into stores. But those discounts eat away at profit.
The raids at La Carreta restaurants in Merrillville and Schererville were part of a larger investigation that targeted El Rodeo restaurants in the Indianapolis area, Lafayette, West Lafayette and Richmond.
An online petition drive launched by employees of stores in Simon properties urges the company to rethink a decision to open its malls at 8 p.m. on Thanksgiving. One petition so far has gathered nearly 18,000 signatures.
Shelbyville-based Chocolate for the Spirit is opening a retail storefront in Carmel in time for the holiday shopping season.
Tractor Supply Co. plans to move its Westfield store next year from U.S. 31 to a new development planned for State Road 32 just east of Spring Mill Road.
With an estimated 8 percent of shoppers using food stamps, the impact will probably be felt most acutely by discount retailers such as Dollar General Corp., Family Dollar Stores Inc. and Wal-Mart Stores, analysts say.
HHGregg Inc.’s revenue fell in its latest quarter as the Indianapolis-based electronics and appliance retailer saw a decline in sales of televisions and computers.
Indiana bars and liquor stores will be able to stay open an extra hour this weekend as daylight saving time ends for the year.
Sisters Jan Long and Chris Mowery had little more than an idea in 1995 when they trekked to Kmart’s corporate headquarters to pitch a product they thought had potential: a recyclable bird feeder their father had designed to promote his plastics business. They left with their first big contract.
Cafe Patachou founder Martha Hoover contends the owner of newcomer Crust in Carmel has stolen the look of her Napolese pizzerias and is confusing customers.
The Michigan-based owner of the Indiana mattress stores plans to take them upscale with a signature sleep-diagnostic system.
The holiday period is particularly important for retailers this year since spending was weak during the back-to-school shopping period, the second-busiest shopping months of the year.
At-large City-County Council member Zach Adamson says that even if the apartments-and-grocery project gets an OK from city development officials on Wednesday, he might force an additional hearing.
New products from apparel makers such as Nike helped drive up earnings 6.1 percent in the fiscal second quarter, the Indianapolis-based retailer announced Friday morning. A deal with Macy’s also is paying off.
The Indianapolis Motor Speedway has put its merchandise and food and beverage contracts up for bid for the first time in its 104-year history.
A federal judge rejected the shareholder’s motion claiming that the offering would enable CEO Sardar Biglari to unfairly increase his ownership in the company. Biglari Holdings is the parent of Indianapolis-based Steak n Shake.
Holiday shopping is likely to be hurt by the lackluster economy. In addition, there’s a shorter shopping window between Black Friday and Christmas. Last year, there were 32 days during the period and this year there are 25.
The company and Don Marsh each want the other to pay legal bills that, coincidentally, total about $1.7 million each. They stem from a bitter court battle between the two that concluded in July.
Genesco’s hat unit now has reported four consecutive quarters of declining same-store sales—an unusual malaise for a business that from 2001 to 2006 posted a miraculous 19 straight quarters of increased same-store sales.
