Retailers

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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Shoppers flood stores in bargain-hunting spree

November 29, 2013
Bloomberg News
Faced with smaller crowds of less confident consumers, as well as six fewer days between Thanksgiving and Christmas than last year, retailers are pouring on margin-eating discounts to grab market share.
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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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Simon’s decision to open malls on Thanksgiving draws criticism

November 19, 2013
Scott Olson
An online petition drive launched by employees of stores in Simon properties urges the company to rethink a decision to open its malls at 8 p.m. on Thanksgiving. One petition so far has gathered nearly 18,000 signatures.
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Chocolate artisan sets sights on CarmelRestricted Content

November 9, 2013
Shelbyville-based Chocolate for the Spirit is opening a retail storefront in Carmel in time for the holiday shopping season.
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Discount retailers, grocers await impact of food-stamp cut

November 1, 2013
Bloomberg News
With an estimated 8 percent of shoppers using food stamps, the impact will probably be felt most acutely by discount retailers such as Dollar General Corp., Family Dollar Stores Inc. and Wal-Mart Stores, analysts say.
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HHGregg shares slump as profit, sales weaken

October 31, 2013
Scott Olson
HHGregg Inc.’s revenue fell in its latest quarter as the Indianapolis-based electronics and appliance retailer saw a decline in sales of televisions and computers.
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Clock change means extra hour for Indiana bars

October 29, 2013
Associated Press
Indiana bars and liquor stores will be able to stay open an extra hour this weekend as daylight saving time ends for the year.
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Carmel firm's bird feeders perched in 2,700 Walmarts

October 26, 2013
Andrea Muirragui Davis
Sisters Jan Long and Chris Mowery had little more than an idea in 1995 when they trekked to Kmart’s corporate headquarters to pitch a product they thought had potential: a recyclable bird feeder their father had designed to promote his plastics business. They left with their first big contract.
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Pizzeria plagiarism? Napolese suing Crust over close likeness

October 24, 2013
Scott Olson
Cafe Patachou founder Martha Hoover contends the owner of newcomer Crust in Carmel has stolen the look of her Napolese pizzerias and is confusing customers.
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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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