Retailers

Eight Mattress World locations to rebrand as PureSleep

October 18, 2013
Mason King
The Michigan-based owner of the Indiana mattress stores plans to take them upscale with a signature sleep-diagnostic system.
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Councilor takes aim at Browning's Broad Ripple apartment project

October 1, 2013
Kathleen McLaughlin
At-large City-County Council member Zach Adamson says that even if the apartments-and-grocery project gets an OK from city development officials on Wednesday, he might force an additional hearing.
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Analysts predicting slow holiday shopping season

October 1, 2013
 IBJ Staff and Associated Press
The holiday period is particularly important for retailers this year since spending was weak during the back-to-school shopping period, the second-busiest shopping months of the year.
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Indianapolis Motor Speedway takes bids for food, souvenirsRestricted Content

September 28, 2013
Anthony Schoettle
The Indianapolis Motor Speedway has put its merchandise and food and beverage contracts up for bid for the first time in its 104-year history.
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Finish Line shares surge after jump in profit

September 27, 2013
 IBJ Staff
New products from apparel makers such as Nike helped drive up earnings 6.1 percent in the fiscal second quarter, the Indianapolis-based retailer announced Friday morning. A deal with Macy's also is paying off.
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Biglari shareholder loses bid to stop $75M stock offering

September 20, 2013
Scott Olson
A federal judge rejected the shareholder's motion claiming that the offering would enable CEO Sardar Biglari to unfairly increase his ownership in the company. Biglari Holdings is the parent of Indianapolis-based Steak n Shake.
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Slower holiday sales growth predicted for 2013

September 17, 2013
Associated Press
Holiday shopping is likely to be hurt by the lackluster economy. In addition, there's a shorter shopping window between Black Friday and Christmas. Last year, there were 32 days during the period and this year there are 25.
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Marsh Supermarkets, former CEO spar over attorney fees

September 12, 2013
Scott Olson
The company and Don Marsh each want the other to pay legal bills that, coincidentally, total about $1.7 million each. They stem from a bitter court battle between the two that concluded in July.
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Lids tries to regain glory following fashion shiftRestricted Content

August 31, 2013
Greg Andrews
Genesco’s hat unit now has reported four consecutive quarters of declining same-store sales—an unusual malaise for a business that from 2001 to 2006 posted a miraculous 19 straight quarters of increased same-store sales.
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Indy joins national protest over fast-food wages

August 29, 2013
 IBJ Staff and Bloomberg News
Fast-food workers in 50 U.S. cities, including Indianapolis, plan to walk off the job Thursday in an attempt to ratchet up pressure on McDonald’s Corp., Wendy’s Co. and others to raise wages.
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HHGregg strategy shift vaults stock to 52-week high

August 22, 2013
Scott Olson
The Indianapolis-based appliance and electronics retailer's stock hit a sort of milestone Tuesday, closing above $18 for the first time since early 2011.
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Tepid U.S. retail sales spark concern about economy

August 15, 2013
Associated Press
Bleaker outlooks at retailers like Wal-Mart and Macy's are raising doubts that consumers will spend enough in coming months to lift the still-subpar U.S. economy.
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Broad Ripple apartment project gets preliminary approval

August 15, 2013
Scott Olson
The controversial residential-and-retail development along the Central Canal got the nod from a city hearing examiner on Thursday. A zoning change and variances for the project still require additional approval.
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Indy-based Lids to open 200 outlets in Macy's stores

August 14, 2013
 IBJ Staff
The arrangement is considered an inexpensive way to expand Lids' reach into large, sports-centric cities. But Wednesday's earnings report from Macy's indicates consumers aren't spending as much on apparel.
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Retailers see slow start to back-to-school season

August 9, 2013
Associated Press
Shoppers are holding off on back-to-school shopping, and those who delay long enough might be rewarded with some steep discounts from desperate retailers.
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Meijer plans to hire more than 9,000 in five states

August 8, 2013
 IBJ Staff, Associated Press
The Grand Rapids-based company says it wants to hire 1,800 in Indiana. Most of the new positions will be part-time.
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Liquor store chain wants to intervene in lawsuit

August 7, 2013
Associated Press
Attorneys for 21st Amendment have filed a motion to intervene in the suit filed by the Indiana Petroleum Marketers and Convenience Store Association and several store owners.
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New retail downtown sitting idleRestricted Content

August 3, 2013
Scott Olson
A flood of downtown apartments coming on the market is leasing up quickly, but much of the attached retail space continues to languish as some begin to wonder whether the residential boom will create enough retail demand.
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HHGregg reports smaller loss on improving same-store sales

August 1, 2013
Scott Olson
The company reported a loss of $1.3 million, or 4 cents per share, for its latest quarter, compared with a loss of $5.7 million, or 16 cents per share, in the same period a year ago.
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Specialty grocer on wish list for MSA development

July 18, 2013
Scott Olson
Flaherty & Collins, the developer of the 28-story tower, "would love to have a Whole Foods" or similar grocer as a retail tenant. With one Marsh two blocks away and another under construction nearby, the project begs the question whether the area can support three groceries.
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Cell phone retailer to establish Carmel office, hire 145

July 2, 2013
Mason King
One of the largest private firms in Indiana, Moorehead Communications will occupy a 47,000-square-foot building that it acquired earlier this year. The project will run about $5 million.
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Finish Line sees profit slip on Macy's costs

June 28, 2013
Scott Olson
In addition to announcing quarterly results, the retailer said longtime president and chief operating officer Steve Schneider will move into the position of executive vice president of strategic initiatives.
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Proxy Corner: Vera Bradley Inc.Restricted Content

June 22, 2013
Vera Bradley Inc., 2208 Production Road, Fort Wayne, Ind., 46808, sells handbags, accessories, paper-and-gift items and travel items through 65 retail stores, 11 outlet stores, 3,400 specialty stores and through verabradley.com.
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Tight credit or no credit? HHGregg wants your business

June 1, 2013
Greg Andrews
The Indianapolis-based appliance and electronics retailer is quietly making a fundamental shift to cast its net more widely—starting with stepped-up promotion of its private-label credit card.
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Broad Ripple project takes heat at Village meeting

May 24, 2013
 IBJ Staff
Jeering and catcalls greeted officials from Browning Investments, which has proposed the $18 million residential and retail development along the Central Canal.
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  1. With Pence running the ship good luck with a new government building on the site. He does everything on the cheap except unnecessary roads line a new beltway( like we need that). Things like state of the art office buildings and light rail will never be seen as an asset to these types. They don't get that these are the things that help a city prosper.

  2. Does the $100,000,000,000 include salaries for members of Congress?

  3. "But that doesn't change how the piece plays to most of the people who will see it." If it stands out so little during the day as you seem to suggest maybe most of the people who actually see it will be those present when it is dark enough to experience its full effects.

  4. That's the mentality of most retail marketers. In this case Leo was asked to build the brand. HHG then had a bad sales quarter and rather than stay the course, now want to go back to the schlock that Zimmerman provides (at a considerable cut in price.) And while HHG salesmen are, by far, the pushiest salesmen I have ever experienced, I believe they are NOT paid on commission. But that doesn't mean they aren't trained to be aggressive.

  5. The reason HHG's sales team hits you from the moment you walk through the door is the same reason car salesmen do the same thing: Commission. HHG's folks are paid by commission they and need to hit sales targets or get cut, while BB does not. The sales figures are aggressive, so turnover rate is high. Electronics are the largest commission earners along with non-needed warranties, service plans etc, known in the industry as 'cheese'. The wholesale base price is listed on the cryptic price tag in the string of numbers near the bar code. Know how to decipher it and you get things at cost, with little to no commission to the sales persons. Whether or not this is fair, is more of a moral question than a financial one.

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