Retail – Page 107 – Indianapolis Business Journal

Hudson’s Bay reportedly in early takeover talks with Macy’s

February 6, 2017

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

February 3, 2017

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

February 2, 2017

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

February 2, 2017

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.

Milhaus putting $450M apartment portfolio on market

February 2, 2017

Indianapolis-based developer Milhaus is marketing a massive package of multifamily properties that includes several high-profile developments in Indianapolis.

Recess closing with Neal Brown eatery set to take its place

February 2, 2017

Greg Hardesty will serve his last patrons Feb. 18 at the popular bistro south of Broad Ripple. He will turn it over to another high-profile local restaurateur, who will open a Japanese-inspired concept in the space.

Simon Property tops expectations with fourth quarter results

January 31, 2017

Indianapolis-based mall giant Simon Property Group saw increasing profit, revenue, occupancy and rents in the latest period.

Finish Line reaches deal to sell JackRabbit chain of running shoe stores

January 27, 2017

The Indianapolis-based retailer plans to take a pretax charge of as much as $36 million in connection with the sale of the money-losing business to a Los Angeles-based investment firm.

HHGregg lives up to predictions with dismal quarter

January 26, 2017

The retailer took a whopping loss of $58.3 million in the quarter, more than double the loss of $26.9 million it took in the third quarter of the previous year.

UPDATE: Circle Centre anchor Carson’s commits to 5-year lease extension

January 24, 2017

The department store’s lease had been due to expire next January. If it had pulled out, the downtown mall would have been left with no anchors.

Airport looks to add more local flavor to concessions

January 20, 2017

Indianapolis International Airport wants to bring in more local vendors as contracts with some current concessionaires expire, and add other features to better reflect the character of the city.

Local hotel revenue growth beats national average

January 20, 2017

Through November, downtown Indianapolis hotels saw their revenue increase 8 percent over the same period a year ago, far ahead of the national average of 4.9 percent.

Survival questions swirl over HHGregg

January 19, 2017

The company's shares took a dramatic tumble on Jan. 9, after it reported disastrous preliminary sales figures for the quarter ended Dec. 31.

Marsh to close store near 53rd and Keystone

January 18, 2017

Marsh Supermarkets, which has been showing signs of struggle amid growing competition, plans to close the store Jan. 28. The location is where Marsh opened its first Indianapolis store, in 1957.

Wal-Mart planning to add about 10,000 retail jobs in U.S.

January 17, 2017

The world's biggest retailer said Tuesday that 59 new, expanded or relocated Walmart and Sam’s Clubs locations are in the works.

Marsh grocery chain owes more than $200,000 in unpaid bills

January 16, 2017

Contractors and at least one landlord say Marsh Supermarkets has fallen behind on rent and other bills—a development that suggests the locally based chain is facing heightened financial strain.