Retailers

Finish Line exec resigns after website redesign debacle

February 5, 2013
Anthony Schoettle
Less than three months after a disastrous launch of a newly designed website that cost the retail company $3 million in sales, The Finish Line Inc. has parted ways with its chief digital officer.
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MainGate calls audible during blackout, tops sales forecasts

February 5, 2013
Anthony Schoettle
Pregame emergency plans help MainGate Inc. go into scramble mode and keep Super Bowl merchandise shops at the Superdome open even while the lights were out.
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Earlier online sales tax collection clears Indiana House

February 4, 2013
Associated Press
Amazon.com and other online-only retailers would have to start collecting Indiana's 7-percent sales tax this summer under a bill approved overwhelmingly by the Indiana House.
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Marsh to call former CEO as first witness

February 4, 2013
Scott Olson
The lead lawyer for Marsh Supermarkets Inc. expects to call Don Marsh as its first witness when the civil trial against him reconvenes Tuesday. The grocery chain alleges that the former CEO used company funds to pay more than $3 million in personal expenses.
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Bill would crack down on sales to secondhand shops

February 4, 2013
Associated Press
Indiana lawmakers are considering a bill that would crack down on sales of stolen goods to the state's secondhand stores.
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Indiana gun permit denials nearly double in 4 years

February 4, 2013
Associated Press
The number of  state residents whose gun permit requests were denied by the Indiana State Police has nearly doubled in the past four years amid an increase in permit applications.
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Simon unit suing Stir Crazy chain for unpaid rent

February 1, 2013
Scott Olson
The owner of Castleton Square Mall is suing its former tenant for $471,031 following the restaurant's closing late last month.
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HHGregg profit falls on sinking same-store sales

January 31, 2013
Scott Olson
The Indianapolis-based appliance and electronics retailer said profit fell 23 percent in its fiscal third quarter as slumping demand for televisions caused same-store sales to drop.
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Indiana lawmakers push for Sunday alcohol sales

January 29, 2013
Associated Press
Lawmakers in the last state in the nation to bar retail alcohol sales on Sundays are making a push to lift the restriction, but strong opposition from liquor stores could hinder the effort.
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Lifestyle mall triggers wave of development at Interstate 69 exitRestricted Content

January 19, 2013
Cory Schouten
Five years after the Hamilton Town Center lifestyle mall opened at a sleepy interchange on Interstate 69 in Noblesville, the neighborhood is one of the hottest growth markets in the state for retail, residential and medical development.
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Bill seeks earlier date for online retailers to collect taxes

January 17, 2013
 The Statehouse File
Hoosiers may be required to pay a 7-percent sales tax on top of their Amazon purchases starting July 1 if a proposed House bill is adopted.
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HHGregg shares tumble on profit warning

January 14, 2013
Cory Schouten
HHGregg shares fell 10 percent in early trading Monday after the Indianapolis-based appliance and electronics retailer slashed its 2013 profit forecast almost 25 percent on a sharper-than-expected drop in television sales.
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Downtown Arvey store reopens under new ownership

January 11, 2013
Scott Olson
Arvey Paper & Office Products at 1021 N. Pennsylvania St. began serving customers again in December after closing for six months. A former executive of Arvey's previous parent company bought the name and has reopened five stores nationwide.
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Greenfield gun seller, others seeing run on guns

January 8, 2013
Associated Press
Gun enthusiasts are snapping up weapons faster than they can be replenished. And applications for gun permits spiked sharply toward the end of 2012.
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Investor: Kroger missed chance to buy ‘linchpin’ propertyRestricted Content

January 5, 2013
 IBJ Staff
Owner of real estate near 16th and Central says grocery chain showed little interest, but Kroger says it still wants property to make way for new downtown store.
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Finish Line suffers surprising quarterly loss

January 4, 2013
 IBJ Staff
The earnings fell short of predictions by analysts polled by Thomson Reuters, which recently forecast per-share earnings of 10 cents on revenue of $296 million.
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Gerdt Furniture to close doors after 53-year run

December 21, 2012
 IBJ Staff
The last remaining store for the family-owned business, which recently shuttered its Castleton location, will stage a liquidation sale on Dec. 28.
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Stores brace for snow during final shopping days

December 20, 2012
Associated Press
With sales during the holiday shopping season disappointing so far, the nation's retailers are depending even more on these final days leading up to Christmas for a boost in business. Retailers are hoping the storm won't change shoppers' plans.
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Landmark Anderson drugstore closes after 80 years

December 20, 2012
Associated Press
Howard Gwinn worked as a teacher and a Chicago-based pharmacist before opening shop at Fifth Street and Madison Avenue in Anderson in 1932. The drugstore he founded was a neighborhood fixture until closing Wednesday night.
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Retail, apartment blitz hits Fishers

December 8, 2012
Cory Schouten
It seems as if all of Fishers is under construction—and not just the perpetual improvements to Interstate 69. Developers have lined up a multitude of deals adding residential and commercial space, projects that are coinciding with the town’s recent voter-approved transition to a city.
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As Simon soars, two big mall anchors retrenchRestricted Content

December 1, 2012
Greg Andrews
Are Simon investors overlooking the potential fallout from trouble at two of the mall giant’s biggest tenants, Sears and JCPenney?
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Retailers report weak sales gains for November

November 29, 2012
Associated Press
Major retailers such as Kohl's, Target and Macy's on Thursday reported slow sales in November as a strong start to the holiday shopping season wasn't enough to fully offset a slow start to the month caused by Superstorm Sandy.
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Upscale grocer Fresh Market planning Fishers store

November 27, 2012
 IBJ Staff
Specialty grocery chain The Fresh Market is planning its third store in the Indianapolis area, this time at 116th Street and Cumberland Road in Fishers.
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Experts predict 20-percent growth in Cyber Monday shopping

November 26, 2012
 IBJ Staff and Associated Press
This year's Cyber Monday could be the biggest online shopping day of the year for the third year in a row. Indianapolis-based retailers The Finish Line and HHGregg are among those offering Cyber Monday specials.
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Small stores vie for slice of holiday-shopping pieRestricted Content

November 24, 2012
Andrea Muirragui Davis
National retailers are licking their chops over the $586 billion consumers are expected to spend during the holiday season, and small-business owners also are bellying up to the buffet.
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  1. These liberals are out of control. They want to drive our economy into the ground and double and triple our electric bills. Sierra Club, stay out of Indy!

  2. These activist liberal judges have gotten out of control. Thankfully we have a sensible supreme court that overturns their absurd rulings!

  3. Maybe they shouldn't be throwing money at the IRL or whatever they call it now. Probably should save that money for actual operations.

  4. For you central Indiana folks that don't know what a good pizza is, Aurelio's will take care of that. There are some good pizza places in central Indiana but nothing like this!!!

  5. I am troubled with this whole string of comments as I am not sure anyone pointed out that many of the "high paying" positions have been eliminated identified by asterisks as of fiscal year 2012. That indicates to me that the hospitals are making responsible yet difficult decisions and eliminating heavy paying positions. To make this more problematic, we have created a society of "entitlement" where individuals believe they should receive free services at no cost to them. I have yet to get a house repair done at no cost nor have I taken my car that is out of warranty for repair for free repair expecting the government to pay for it even though it is the second largest investment one makes in their life besides purchasing a home. Yet, we continue to hear verbal and aggressive abuse from the consumer who expects free services and have to reward them as a result of HCAHPS surveys which we have no influence over as it is 3rd party required by CMS. Peel the onion and get to the root of the problem...you will find that society has created the problem and our current political landscape and not the people who were fortunate to lead healthcare in the right direction before becoming distorted. As a side note, I had a friend sit in an ED in Canada for nearly two days prior to being evaluated and then finally...3 months later got a CT of the head. You pay for what you get...

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