HHGregg shares slump as profit, sales weaken
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.
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Clock change means extra hour for Indiana bars
Indiana bars and liquor stores will be able to stay open an extra hour this weekend as daylight saving time ends for the year.
Carmel firm’s bird feeders perched in 2,700 Walmarts
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.
Pizzeria plagiarism? Napolese suing Crust over close likeness
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.
Eight Mattress World locations to rebrand as PureSleep
The Michigan-based owner of the Indiana mattress stores plans to take them upscale with a signature sleep-diagnostic system.
Analysts predicting slow holiday shopping season
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.
Councilor takes aim at Browning’s Broad Ripple apartment project
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.
Finish Line shares surge after jump in profit
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.
Indianapolis Motor Speedway takes bids for food, souvenirs
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.
Biglari shareholder loses bid to stop $75M stock offering
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.
Slower holiday sales growth predicted for 2013
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.
Marsh Supermarkets, former CEO spar over attorney fees
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.
Lids tries to regain glory following fashion shift
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.
Indy joins national protest over fast-food wages
Fast-food workers in 50 U.S. cities, including Indianapolis, plan to walk off the job Thursday in an attempt to ratchet up pressure on McDonald’s Corp., Wendy’s Co. and others to raise wages.
HHGregg strategy shift vaults stock to 52-week high
The Indianapolis-based appliance and electronics retailer’s stock hit a sort of milestone Tuesday, closing above $18 for the first time since early 2011.
Tepid U.S. retail sales spark concern about economy
Bleaker outlooks at retailers like Wal-Mart and Macy's are raising doubts that consumers will spend enough in coming months to lift the still-subpar U.S. economy.
Broad Ripple apartment project gets preliminary approval
The controversial residential-and-retail development along the Central Canal got the nod from a city hearing examiner on Thursday. A zoning change and variances for the project still require additional approval.
Indy-based Lids to open 200 outlets in Macy’s stores
The arrangement is considered an inexpensive way to expand Lids’ reach into large, sports-centric cities. But Wednesday’s earnings report from Macy’s indicates consumers aren’t spending as much on apparel.
Retailers see slow start to back-to-school season
Shoppers are holding off on back-to-school shopping, and those who delay long enough might be rewarded with some steep discounts from desperate retailers.
Meijer plans to hire more than 9,000 in five states
The Grand Rapids-based company says it wants to hire 1,800 in Indiana. Most of the new positions will be part-time.