Target pulls down other retailers with tepid quarter, outlook
Target Corp. reported a 43 percent drop in fourth-quarter profit as weak store sales overshadowed an improving online performance.
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HHGregg preparing to file for bankruptcy, sources say
The 61-year-old retailer of appliances and electronics is preparing to file for bankruptcy as it grapples with an ongoing slump in sales, according to people familiar with the matter.
Burger King owner to acquire Popeyes for $1.8 billion
Restaurant Brands International Inc. has agreed to buy Popeyes Louisiana Kitchen Inc., adding a fried-chicken outfit to its lineup of burgers and doughnuts. The two chains have about 70 restaurants in the Indianapolis area.
Airport examines retailer shuffle, redesigned plaza, artificial grass
Officials are mulling designs for revamping sections of the Indianapolis International Airport, with an emphasis on a more natural feel, clearer signage and moving stores closer to the gates.
Lowe’s planning to add 500 employees in Indianapolis
The jobs are part of a plan Lowe’s announced Wednesday to hire 1,700 customer-support employees in total by October at offices in Wilkesboro, North Carolina; Albuquerque, New Mexico; and Indianapolis.
Portillo’s confirms plans for Fishers restaurant
The popular restaurant chain known for its Italian beef sandwiches and Chicago-style hot dogs on Thursday officially disclosed it was coming to Fishers and revealed its chosen location.
HHGregg hires outside advisers to help with ongoing woes
Indianapolis-based HHGregg Inc. is turning to investment banks “to pursue a range of potential strategic and financial transactions” as the struggling appliances and electronics retailer battles sinking sales.
Henke hopes to land hotels, eateries, grocery along U.S. 31 in Westfield
Developer Steve Henke has revealed his preliminary plans for a 40-acre commercial project to be known as the Commons at Chatham Hills.
Fountain Square eatery temporarily closed by state
The Asian restaurant that’s been closed since Feb. 1 isn’t set to reopen until Feb. 15, allegedly due to violating state tax code, according to a sign on the door.
Noblesville’s Corporate Campus fills in with homes, restaurants, retail and more
Noblesville laid the groundwork for the campus in 2002. When East 146th Street opened in 2007, city leaders believed it would take 20 years for the area to build out. But it’s happening much faster.
Undaunted, HHGregg CEO sees clear path to turnaround
Robert Riesbeck, appointed to the top job last year, says growth opportunities in appliances and furniture are sufficient to offset declines in the company's battered consumer electronics product line.
Restaurant owners charged with underreporting $1.8M in sales
The two owners operated six eateries in central Indiana, including one in Indianapolis, and have agreed to pay nearly $143,000 in restitution to the state Department of Revenue.
Retail group predicts solid sales growth despite struggles for some stores
Despite a bumpy holiday season and other issues, the largest retail trade group says it's still optimistic that sales will grow this year.
Restaurateur Brown to close Mass Ave Pizzology, open new eatery
Neal Brown, who’s already busy taking over the Recess space south of Broad Ripple for a new eatery, also is cooking up something new in the current location of Pizzology on Mass Ave.
Two new stores coming to Fashion Mall, two others expanding
The arrivals and expansions follow a busy year for the upscale north-side mall, which saw plenty of activity in 2016.
Stumbling HHGregg shares face delisting from stock exchange
The New York Stock Exchange has notified HHGregg that the company’s stock price needs rise above avoid a delisting. Its market cap also needs a boost.
Hudson’s Bay reportedly in early takeover talks with Macy’s
If a deal occurs, Hudson’s Bay might fold Macy’s assets, worth about $20 billion, into HBS Global Properties, its joint venture with Indianapolis-based Simon Property Group.
Struggling HHGregg lays off 100 in bid to save $15M a year
In a statement, CEO Robert Riesbeck said: "While decisions like this are never easy, we are taking the necessary steps to preserve and grow our business during the continued challenging retail environment.”
Marsh Supermarkets’ financial struggles have long history
Sun Capital Partners bought Marsh Supermarkets in 2006, rescuing it from potential collpase. But now, more than a decade later, the financial woes have returned.
State GOP leaders ready to make another run at Sunday sales
Grocery chains, convenience stores and pharmacies have pushed for years to have Indiana's eight decades-old ban lifted and be able to sell alcohol on Sundays, but a compromise has been elusive.