Gerdt Furniture closing Castleton location
The 26-year-old store at 8602 Allisonville Road is liquidating its merchandise and is marking down prices as much as 70 percent. Gerdt’s original and lone remaining store, in Southport, will stay open.
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Finish Line boosts earnings outlook on Macy’s deal
The Indianapolis-based athletic apparel retailer expects its sales to grow by $250 million to $350 million a year as a result of a deal with Macy’s Inc. to become the department store chain’s exclusive athletic footwear partner.
Kennedys sell interests in running store chain
Bob and Melina Kennedy have sold their assets in BlueMile, a chain of running and fitness stores they founded 12 years ago as The Running Co. Co-founders Ashley and Andrea Johnson are now sole owners.
Women’s retailer plans $37M expansion, 242 jobs
New York-based Ascena Retail Group, whose female clothing brands include Justice, Lane Bryant, Maurices and Dressbarn, plans to transform its 794,000-square-foot warehouse in Greencastle into an e-commerce distribution hub.
HHGregg shares slide as company abandons Michigan plans
The stock price of the Indianapolis-based appliance and electronics retailer fell by more than 18 percent this week after the company disclosed that it is postponing plans to open stores in Michigan.
Biglari agrees to antitrust fine in Cracker Barrel deal
The chain-restaurant operator that owns Indianapolis-based Steak n Shake has agreed to pay $850,000 to settle procedural antitrust violations stemming from its purchase of shares in Cracker Barrel Old Country Store Inc.
Wal-Mart again attempting to build in Zionsville
Wal-Mart Stores Inc. has filed new plans to build a store along Michigan Road in Zionsville, six years after the town rebuffed its original proposal that drew the ire of local residents and merchants.
Indianapolis jeweler shot during home break-in
Indianapolis police say jeweler Gary Thrapp of G. Thrapp Jewelers was in stable but serious condition Sunday after being shot when two people broke into his home.
MainGate, Lids score Super Bowl merchandise deals
A pair of Indianapolis-based companies recently scored the largest single-event deal in the world of U.S. sports licensing, unseating 24-year incumbent Facilities Merchandising Inc. to win lucrative deals at the 2013 Super Bowl in New Orleans.
Millcraft hoping to fill downtown paper-supply void
Millcraft Paper Co. is set to move from the far east side to downtown Indianapolis on Sept. 24 in hopes of filling a void left a few months ago by the closing of Arvey Paper & Office Products.
Finish Line stock falls after analyst’s downgrade
An analyst downgraded The Finish Line Inc.'s stock on Wednesday, saying that the Indianapolis-based sneaker and athletic clothing retailer will likely continue to lose share to rival Foot Locker.
HHGregg posts quarterly loss on poor TV sales, as expected
Disappointing sales at stores open at least a year dragged Indianapolis-based HHGregg Inc. to a rare quarterly loss, the appliance and electronics retail chain said on Thursday.
Fashion Mall landlord suing tenant over unpaid rent
A division of Simon Property Group Inc. is suing Brisbane, Calif.-based Bebe Stores Inc., claiming the women’s clothing retailer owes it $64,000 in unpaid rent.
J.C. Penney sells Simon Property stake for $248M
J.C. Penney Co. said Monday that it is selling the bulk of its interest in mall developer Simon Property Group Inc. for $248 million as it focuses on its core business.
Lids division renews contract with IUPUI
Under the five-year deal, Nike will maintain its status as the official outfitter of all student athletes on the 16 varsity sports teams at IUPU. The initial deal was signed in October 2009. Terms of the current agreement were not disclosed.
HHGregg setbacks reflect deeper woes, some fear
Retailer’s operating income is the same as five years ago, even though it has triple the number of stores.
U.S. retail sales sink for third straight month
Retail sales fell 0.5 percent in June from May, the Commerce Department said Monday. Consumers spent less on autos, furniture, appliances, on building and garden supplies, and at department stores.
HHGregg shares plummet on new earnings forecast
HHGregg Inc. shares plunged Wednesday after the Indianapolis-based appliance and electronics retailer said it expects to report a wider first-quarter loss because of weak sales in its video business. It also cut its full-year outlook.
Marsh closing three grocery stores in central Indiana
Marsh Supermarkets Inc. confirmed Tuesday afternoon that it is closing stores in Greenwood, Anderson and Martinsville. Many employees will get a severance package or an option to transfer to another location.
Hofmeister files bankruptcy reorganization plan
Hofmeister Personal Jewelers Inc. plans to pay off its creditors over seven years as part of the well-known Indianapolis retailer’s bankruptcy restructuring.