Retail

Cord Camera to close remaining Indianapolis store

January 1, 2014
Associated Press
A camera business that once had more than 30 locations in Ohio and Indiana is closing six of its remaining eight stores in the face of dropping sales and increased use of smartphone cameras.
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Target says customers' encrypted PINs were stolen

December 27, 2013
Associated Press
The retailer claims the PIN numbers of some 40 million customers are safe and secure, but a security consultant counsels changing the access codes.
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Steak n Shake cooks up expansion plan for Saudi Arabia

December 27, 2013
 IBJ Staff
The Indianapolis-based burger chain has growth plans far afield of its base of operations in the Midwest, intending to open 50 restaurants in the Middle Eastern country.
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HHGregg's CFO to depart in January

December 26, 2013
Mason King
Jeremy J. Aguilar plans to take a similar position with another company, the Indianapolis-based retailer announced Thursday.
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Holiday sales at stores down for third consecutive week

December 23, 2013
Associated Press
Compared with last December, shoppers are more choosy this year and holding back on spending at brick-and-mortar locations. But even online sales are running below their expected growth rate.
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Rebranding of bird-food retail chain ups emphasis on core product

December 21, 2013
Sam Stall
Wild Birds Unlimited recently unveiled a new marketing program encompassing everything from revamped store design to new staff training to a rebalancing of the product line. The idea was to place less emphasis on gift items and more on the store’s core product—birdseed.
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Finish Line sees strong quarterly profit on big revenue rise

December 20, 2013
The company rebounded in its fiscal third quarter from a loss in the year-ago period, thanks in part to strong same-store sales and improvements in e-commerce sales.
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Fury and frustration over Target data breach

December 20, 2013
Associated Press
Potential victims of credit card fraud tied to Target's security breach said they had trouble contacting the discounter through its website and call centers.
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Holiday shopping season: A disappointment so far

December 19, 2013
Associated Press
Sparse crowds at malls and "50 percent off" signs at The Gap and other stores offer clues as to how this holiday season is shaping up so far: It's the most discount-driven one since the U.S. was in a deep recession.
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Well-known auto dealer O'Brien dies at 82

December 18, 2013
 IBJ Staff
In an auto-sales career spanning more than 50 years, Tom O'Brien built on a single dealership started by his father and created a multi-dealership business that today includes 16 family members.
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Tesla car dealership debuts at Fashion MallRestricted Content

December 14, 2013
The store at the Fashion Mall at Keystone features a design center where customers configure and order their cars.
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Simon plans for spinoff get warm reception from Wall Street

December 13, 2013
Scott Olson
After recently stalling on the stock market, shares of Simon Property Group perked up in trading Friday after the massive local firm announced plans to spin off nearly 100 retail centers into a new firm. Analysts approved of the move.
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Indy-based Simon spinoff will include 13 Indiana centers

December 13, 2013
Scott Olson
The locally based retail giant confirmed Friday morning that its new spinoff will be headquartered in Indianapolis. Several of Simon's properties in the area will be among the new portfolio, including Clay Terrace in Carmel.
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Local restaurant owners settle case of pizzeria plagiarism

December 10, 2013
Dan Human
Napolese pizzeria and Crust Pizzeria Napoletana have quietly reached an agreement outside of court. Napolese owner Martha Hoover filed an intellectual property lawsuit against Crust owner Mohey Osman in October.
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Shares of Indiana retailers surge in 2013Restricted Content

December 7, 2013
Scott Olson
Shares of The Finish Line Inc., HHGregg Inc. and Shoe Carnival Inc. have been on a tear this year, rebounding to outperform the major stock indexes and rising at least 40 percent in value through the first of December. By comparison, the S&P 500 has gained about 28 percent.
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Cyber Monday still growing despite earlier online sales

December 4, 2013
Associated Press
Shoppers bought online at the heaviest rate ever Monday, according to research firm comScore Inc. The strong performance was in contrast to Black Friday weekend spending, which fell an estimated 2.9 percent.
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Supreme Court won't hear appeal over Internet taxation

December 2, 2013
Associated Press
The move likely will prompt more states to attempt to collect taxes on Internet sales — and ignite a furious battle in Congress between Internet sellers, brick-and-mortar stores and states hungry for extra tax revenue.
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Record shopping crowds over weekend, but spending falls

December 2, 2013
Associated Press
Retailers got Americans into stores during the start to the holiday shopping season. Now, they'll need to figure out how to get them to actually buy things.
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Westfield gearing up for big hospitality play

November 30, 2013
Andrea Muirragui Davis
Westfield’s massive Grand Park Sports Campus doesn’t open until March, but city leaders already are focused on making sure the 1 million-plus visitors they expect next year want to come back.
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Pizza Hut offers job back to man who refused to work Thanksgiving

November 28, 2013
Associated Press
The pizza chain's corporate office issued a statement saying it respects an employee's right to not work on the holiday and that the store owner has agreed to reinstate the employee.
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Holiday sales could ride on lower gasoline prices

November 27, 2013
Associated Press
Many retail analysts have forecast a ho-hum sales gain of about 2 percent this year; others predict an increase of up to 3.9 percent. But steadily cheaper gas could send holiday sales shooting above 5.4 percent, analysts say.
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Finish Line shares continue climb after upgrade

November 25, 2013
Associated Press
Two investment analysts raised their ratings for Finish Line on Monday, saying the Indianapolis-based athletic shoe and clothing retailer has the opportunity for margin recovery and a stronger online performance.
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New Carmel company to boot J.C. Penney off S&P 500

November 25, 2013
Bloomberg News
J.C. Penney, which is trying to bounce back from its worst sales year in two decades, will be replaced by Carmel-based electronic security company Allegion, which is being spun off by Irish industrial conglomerate Ingersoll-Rand Plc.
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Americans reluctant to spend on holidays without big deals

November 25, 2013
Associated Press
Since the recession began in late 2007, stores have had to offer financially-strapped Americans ever bigger price cuts just to get them into stores. But those discounts eat away at profit.
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Northwest Indiana restaurants part of El Rodeo raids

November 20, 2013
 IBJ Staff and Associated Press
The raids at La Carreta restaurants in Merrillville and Schererville were part of a larger investigation that targeted El Rodeo restaurants in the Indianapolis area, Lafayette, West Lafayette and Richmond.
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