HHGregg earnings sink on declining sales
The Indianapolis-based retailer saw a big drop in earnings in its latest quarter on decreased sales, lower profit margins and higher advertising expenses.
Retailers
Articles
Lids acquiring Kentucky sporting goods chain
The CEO of a private equity firm that helped fund the Lexington-based Fan Outfitters chain said new regulations imposed by the Affordable Care Act prompted the group to look at the offer from Lids.
Convenience stores sue to sell cold beer in Indiana
An industry trade group filed a lawsuit Tuesday morning contending that Indiana liquor law is unconstitutional and unfairly benefits liquor stores.
Circle Centre hanging in despite anchor vacancy
The downtown mall last year saw its sales per square foot increase to $354, a 5.3-percent increase from 2011, according to an annual operating report it provides to the city. But non-anchor occupancy slipped below 90 percent.
Colts-themed restaurant could reopen with Irsay’s aid
Indianapolis Colts owner Jim Irsay has pledged to throw the owner of the Blue Crew Sports Grill a lifeline by paying his rent until the football season starts in September.
Meijer might finally be coming to Anson
Construction paperwork indicates the store will be almost 200,000 square feet and employ 100 people.
Kite buys Castleton Crossing center for $39M
The retail center, off East 82nd Street, near Interstate 465 and Allisonville Road, is fully leased and is anchored by HomeGoods, Burlington Coat Factory and Shoe Carnival.
More demand for mall space boosts Simon earnings
The Indianapolis-based owner of retail centers raised its expectations for the fiscal year after reporting solid gains in occupancy, rent revenue and earnings for the first quarter.
Zionsville’s Main Street aims to boost drawing power, charm
Zionsville’s new economic development plan calls for ramping up commercial activity in the predominantly residential community—just not at the expense of the mom-and-pop shops that give the Boone County town its charm.
After raid, pet store owner agrees to quit selling animals
Animal control officers found hundreds of violations in March at The Fish Bowl, 2101 East Michigan St. The owner plans to continue operating his business as a pet-supply store.
Senate bill jeopardizes tax-free online shopping
States could force Internet retailers to collect sales taxes under a bill that overwhelmingly passed a test vote in the U.S. Senate on Monday.
Finish Line expects sales to leap in Macy’s deal
Becoming the exclusive athletic footwear partner of the department store chain could increase Finish Line’s annual revenue as much as 30 percent, executives say. Finish Line apparel will start appearing in Macy’s this weekend.
Greenwood pet store stocked with exotic critters
From tarantulas to emperor scorpions and monitor lizards, Pandemonium Exotics caters to enthusiasts looking for pets beyond a dog or cat.
Mobile boutique takes pop-up retail on the road
Heather Hogan Pirowski, owner of Retro 101, is among a growing number of retailers who have chosen the nomadic lifestyle . Looking for an alternative to the fixed overhead of a permanent location, they set up shop at a site for a few days or weeks, then pack up and move on.
Charlie & Barney’s ends 36-year restaurant run
Indianapolis chain Charlie & Barney’s, known for its chili, has closed its flagship downtown location, leaving it without a restaurant for the first time since its 1977 founding.
Appeals court upholds Marsh’s $18.2M award from Roche
The Indiana Court of Appeals upheld an $18.2 million judgment Monday in favor of Marsh Supermarkets LLC on its complaint alleging that Roche breached a contract to sublease space in the Fishers building that houses Marsh’s headquarters.
Senators stalling Indiana online sales-tax proposal
Some key state senators are sidelining a bill that would make Amazon.com and other online-only retailers start collecting Indiana's 7-percent sales tax this summer.
Higher payroll taxes take toll on restaurants
So far, 2013 has been “a roller coaster ride” for Indiana eateries, according the state trade association’s president. Industry observers say a 2-percent increase in the payroll tax is a likely culprit in a nationwide sales decline.
Finish Line hits snag in new running segment
The athletic footwear and clothing company said Thursday that its fiscal fourth-quarter earnings dropped 18 percent due to lackluster sales at stores open at least a year.
Whole Foods shelves store slated for Fishers
High-end grocery chain Whole Foods Market Inc. wants to triple the number of stores it operates, but the company has bagged plans for a location on 116th Street in Fishers.