Retailers

Zionsville sticks with big-box ban despite growth push

February 15, 2014
Andrea Muirragui Davis
Even as retail development continues to proliferate just outside Zionsville’s borders, town officials say they remain committed to an 8-year-old zoning ordinance banning big-box stores.
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CVS Caremark to stop selling tobacco products

February 5, 2014
Associated Press
The nation's second-largest drugstore chain said Wednesday that it will phase out cigarettes, cigars and chewing tobacco by Oct. 1, a move that will cost it about $2 billion in annual revenue.
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Champps restaurants likely to survive parent's bankruptcy

January 31, 2014
 IBJ Staff and Bloomberg News
The bankruptcy of a Kansas restaurant company has cast uncertainty over the future of its five Indianapolis-area restaurants—three Chammps Americanas and two Fox and Hounds.
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Weak sales lead HHGregg to post smaller profit

January 30, 2014
Scott Olson
Shares of the Indianapolis-based retailer had fallen 18 percent by early afternoon Thursday, after the firm reported slumping sales and profit in its latest quarter.
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Speedway stores cited for beer sales on Christmas

January 30, 2014
 Associated Press and IBJ Staff
Indiana State Excise Police have cited 109 Speedway convenience stores in Indiana, accusing them of illegally selling beer on Christmas.
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Court bars Indianapolis’ hour limits on adult bookstores

January 28, 2014
Indiana Lawyer Staff, Dave Stafford
The 7th Circuit Court of Appeals in Chicago has tossed an Indianapolis ordinance limiting the business hours of adult bookstores from 10 a.m. to midnight Monday through Saturday.
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Giant Eagle store coming to The Bridges in Carmel

January 23, 2014
Scott Olson
The Pittsburgh-based supermarket officially announced that it will build a Market District grocery store in the development, along with a GetGo convenience store and fuel station. The stores should open in 2015.
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Postal Service, union wrangle over Staples outlets

January 20, 2014
Associated Press
The new outlets are staffed by Staples employees, not postal workers, and labor officials say that move replaces good-paying union jobs with low-wage, nonunion workers.
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New grocer's arrival adds to questions about MarshRestricted Content

January 18, 2014
Greg Andrews
Because Pittsburgh-based Giant Eagle wants to enter the Indianapolis market, you'd think it would initiate discussions to buy Marsh Supermarkets, which has been hanging a for-sale banner for years. But a Giant Eagle spokesman said there have been no discussions.
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Holiday sales meet expectations after deep discounting

January 14, 2014
Associated Press
Holiday sales rose 3.8 percent from last year, just shy of the forecast, the National Retail Federation said Tuesday. But sales came at the expense of profit as stores had to discount early and often to get shoppers to spend money.
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Archiver's chain closing all stores, including two in Indy

January 13, 2014
 IBJ Staff
The closures will cost 21 local employees their jobs in mid-February.
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Indiana gold dealers operate under new rules

January 13, 2014
Associated Press
Indiana "cash for gold" dealers now must register with the secretary of state and local police as part of a new state law designed to help authorities track stolen jewelry.
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Hat World plans include new HQ, hiring 758 workers

January 10, 2014
Scott Olson
The Indy-based retailer that operates nationally as Lids plans to build a 150,000-square-foot headquarters in Zionsville, beef up local distribution operations, and go on a major hiring spree.
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Lids parent plans 'major' jobs announcement

January 10, 2014
 IBJ Staff
The Governor's office said it plans to make "a major economic development announcement" Friday morning "regarding hundreds of new jobs for Hoosiers" at the headquarters of Hat World Inc.  in Indianapolis.
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Marsh to shut down 8 stores by end of month

January 9, 2014
Scott Olson
The closings, which include five in the Indianapolis market, will leave the chain with 78 stores in two states.
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HHGregg reports disappointing holiday sales

January 6, 2014
Scott Olson
The Indianapolis-based electronics and appliance retailer said its fiscal third-quarter sales during the holiday season were hurt by competitors offering deeper discounts.
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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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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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U.S. credit card info is easy pickings for hackers

December 22, 2013
Associated Press
Incidences like the recent data theft affecting 40 million Target customers could become more common as retailers, banks and credit card companies argue over who should pay for security upgrades.
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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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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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