HHGregg shares fall after analyst downgrade
Customers are buying fewer high-priced big-screen TVs from electronics chain HHGregg Inc., an analyst said Tuesday as he lowered
his investment rating on the company’s stock.
Retailers
Articles
Kittle’s Furniture shuffles executives, names new CEO
Jim Kittle Jr., the company’s owner and chairman of the board, will be less involved in daily operations, giving two executives
more responsibility.
Online list to show tax delinquent businesses
Tax-delinquent businesses will soon have a new incentive to pay their sales tax debts: public embarrassment.
Shoppers spend a little more during holiday season
Retail sales rose 3.6 percent from Nov. 1 through Dec. 24, compared with a 3.2-percent drop in the year-ago period, according
to figures from MasterCard Advisors’ SpendingPulse.
Sparse shelves greet post-Christmas deal hunters
Shoppers headed to America’s malls Saturday, many with gift cards in hand, hoping to snag after-Christmas discounts. They
were greeted with big markdowns—in some cases topping 75 percent off—but often found limited selection.
Cash-flush Finish Line likely to open new stores
With an improved balance sheet and $150 million in its pocket, the athletic-gear retailer is looking at new locations and
improving its online shopping hub.
Steak n Shake plans 20-1 reverse stock split
The Steak n Shake Co., in an unusual gambit, plans to initiate a reverse stock split that would reduce its number of shares
outstanding from almost 29 million to just 1.4 million and boost its per-share price from roughly $12 to $240.
Stout’s Shoes still in step after 123 years
After more than a century in business, Indianapolis-based Stout’s Footwear Co. isn’t just
surviving. It also is proceeding with plans to open
a store next year on the city’s north side.
Holiday shopping off to mildly encouraging start
After shoppers gave retailers a somewhat encouraging start to the holiday shopping season, stores now turn their attention
to the online promotions known as Cyber Monday and bringing back customers the rest of the season.
Alcohol distributor fights decision allowing big competitor into Indiana
National Wine & Spirits Inc. suffered a staggering reversal of fortune when the Indiana Alcohol and Tobacco Commission
ruled Nov. 5 that Southern Wine
& Spirits of America Inc. could distribute here.
Patachou owner’s pizzeria receives variance approval
Cafe Patachou owner Martha Hoover can now move forward with plans to open a pizzeria next to her trademark eatery at 49th
and Pennsylvania streets.
Boot, apparel sales boost Shoe Carnival profit
Shoe Carnival Inc.’s quarterly same-store sales, which measure revenue from locations open at least a year, climbed 10.2 percent.
Airport retailers want relief from street pricing policy
Airport concessionaires stung by a 10-percent drop in passenger traffic have asked the Indianapolis Airport Authority to ease
a policy that was implemented more than 10 years ago to keep prices in line with what consumers pay outside
the airport.
October retail sales rise slightly, beat predictions
Retail sales rose more than expected in October due largely to a big rebound in auto sales. But broader consumer spending
remains under pressure.
Rich buying again, but middle class still hurting
Recent earnings reports from major retailers suggest that the wealthy, who pulled back their spending the hardest during the
financial meltdown last fall, are once again being enticed to open their wallets and going back to higher-end outlets. But
those on the lower economic rungs are still scrimping by, heading to Walmart for the basics.
Retailers surprisingly upbeat as they head into holidays
Those in the trenches say this won’t be a blockbuster Christmas, but it won’t be horrid, either.
Former Smith-Holden Music employees open new Bloomington store
Two key employees of the recently closed store in downtown Bloomington have opened their own venture,
Melody Music Shop.
Retail sales tick up for second consecutive month
Consumers, enticed by cooler weather, early holiday discounts and an improving economy, spent a little more in October.
HHGregg’s quarterly earnings, sales jump
HHGregg reported a rise in quarterly profit and sales Thursday morning that exceeded analyst expectations, despite a decrease
in same-store sales.
Hat World acquires 37-store Sports Fan-Attic chain
Locally based Hat World Inc. has agreed to acquire a popular 37-store athletic retail chain in hopes of doing for collegiate
and professional sports licensed apparel what Hat World did for headwear.