Pier 1 Imports, which is led by the former CEO of defunct retailer HHGregg, plans to shut down hundreds of stores as it struggles to draw consumers and compete online.
Retail industry observers are speculating that the appointment of Robert Riesbeck is likely to mean a bankruptcy for Pier 1 in the near future, based on his track record.
Ohio-based chain Rose & Remington, which opened its first store in 2013, plans to open at three local malls this year. Also this week: Barbecue joints come and go.
Debt-burdened FullBeauty Brands has a restructuring plan ready to go that would turn over ownership to its creditors. But a federal trustee wants to tap the brakes.
As vendor contracts expire at Indianapolis International Airport—and a slew of them lapse at the end of 2018, a decade after the terminal’s opening—officials are embarking on a project to freshen up the offerings.
The 2017 increase likely won't be large. But a range of local companies, from logistics providers to auto auctioneers, will be keeping an eye on the situation.
While Indianapolis pursues major sporting events and massive conventions—gatherings that attract tens of thousands of people and score tens of millions of dollars in economic impact—many neighboring counties are chasing small and midsize corporate confabs, weddings and senior-citizen bus tours.
Fullbeauty Brands, which sells through such plus-size catalogs as Woman Within and Roaman’s, ships nearly 16 million packages a year out of its Southeastern Avenue fulfillment center.
Macy's is slashing up to 4,800 jobs and closing 40 stores, a harbinger of hard times for retailers after a holiday season that saw a noticeable shift to online shopping and away from physical stores.
The lawsuit charges Tomisue Hilbert’s rejection of the billionaire is the real reason he launched a bitter battle to remove her husband, Steve Hilbert, as CEO of the Indianapolis-based private-equity funds the three of them started in 2005.
