Retail

HHGregg shares slide as company abandons Michigan plans

September 26, 2012
Scott Olson
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.
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Biglari agrees to antitrust fine in Cracker Barrel deal

September 26, 2012
Bloomberg News
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.
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Tutwiler auto dealership closes after 48 years

September 25, 2012
Scott Olson
Tutwiler Automotive had long been known as Tutwiler Cadillac before changing its name two years ago when its General Motors franchise agreement expired. The dealership closed Saturday.
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Noble Roman's takes on take-and-bake formatRestricted Content

September 22, 2012
Anthony Schoettle
Noble Roman’s Inc. has baked up an idea to expand its franchising opportunities nationwide and dramatically increase revenue. The Indianapolis-based pizza company is rolling out plans for a stand-alone, take-and-bake concept designed to rival Papa Murphy’s.
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Wal-Mart again attempting to build in Zionsville

September 20, 2012
Scott Olson
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.
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Indianapolis jeweler shot during home break-in

September 16, 2012
Associated Press
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.
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MainGate, Lids score Super Bowl merchandise dealsRestricted Content

September 15, 2012
Anthony Schoettle
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.
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Millcraft hoping to fill downtown paper-supply void

September 13, 2012
Scott Olson
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.
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Finish Line stock falls after analyst's downgrade

September 13, 2012
Associated Press
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.
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HHGregg's new push: Selling treadmills alongside TVs

September 1, 2012
Greg Andrews
The appliance and electronics retailer is quietly launching a test of furniture and fitness equipment, with rollouts scheduled for 31 of its more than 200 stores.
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Steak n Shake loses appeal over franchisee’s pricing

August 24, 2012
Indiana Lawyer Staff
A longtime Steak n Shake franchisee who sued the chain after it insisted on setting prices for menu items prevailed again Friday as the 7th Circuit Court of Appeals affirmed an Illinois federal court’s ruling in the franchisee’s favor.
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Simon again considering acquisition of shopping mall rival

August 24, 2012
 IBJ Staff and Bloomberg News
One of General Growth Properties Inc.'s largest shareholders says Indianapolis-based Simon Property Group has discussed acquiring the Chicago-based shopping mall competitor.
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Don Marsh fighting to keep jury from learning he took FifthRestricted Content

August 18, 2012
Greg Andrews
Attorneys for Don Marsh are trying to ensure that his refusal to answer questions during a 2010 deposition doesn’t come back to haunt him when Marsh Supermarkets' lawsuit against him goes to trial in October.
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Steak n Shake customer traffic up in latest quarter

August 14, 2012
Biglari Holdings Inc., parent of Steak n Shake, said Friday that customer traffic to the restaurant chain grew 2.2 percent during the quarter ended July 4, boosting same-store sales 2.9 percent.
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HHGregg posts quarterly loss on poor TV sales, as expected

August 2, 2012
Scott Olson
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.
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Fashion Mall landlord suing tenant over unpaid rent

July 30, 2012
Scott Olson
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.
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J.C. Penney sells Simon Property stake for $248M

July 23, 2012
Associated Press
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.
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Lids division renews contract with IUPUI

July 23, 2012
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.
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HHGregg setbacks reflect deeper woes, some fear

July 21, 2012
Greg Andrews
Retailer's operating income is the same as five years ago, even though it has triple the number of stores.
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INSIDE DISH: Unlikely pair pilot Ship to profit

July 20, 2012
Mason King
Dish_SinkingShip_watchvideoOK, so an accountant and a tattoo artist start a bar. Except it's no joke. Clearly defined roles have helped the odd-couple co-owners of The Sinking Ship navigate a turbulent startup and land on solid financial ground.
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Wholesale prices for used vehicles decelerate in June

July 19, 2012
Chris O'Malley
Wholesale used vehicle prices fell 3.6 percent, to $9,893 on average, in June compared with the same month of 2011, according to data compiled by Tom Kontos, an executive at Carmel-based wholesale auction chain Adesa Inc.
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Mother of man shot to death at Kroger files suit

July 19, 2012
Scott Olson
Jeremi Atkinson was fatally shot in December by a Kroger manager during what prosecutors determined was an attempted robbery. A federal lawsuit filed by Toni Atkinson claims the supermarket chain was negligent for not enforcing a firearms policy.
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Dealmaking, construction picking up on Speedway's Main Street

July 17, 2012
Tom Harton
The six-block stretch just outside the front door of the historic Indianapolis Motor Speedway was desolate when the town of Speedway formed a redevelopment commission in June 2005.
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U.S. retail sales sink for third straight month

July 16, 2012
Associated Press
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.
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Carmel veterinarian opening animal hospital near Mass AveRestricted Content

July 14, 2012
Woodland Animal Hospital owner will take former bookstore space in Chatham Arch neighborhood.
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