Finish Line reports strong quarter, soft outlook
The Indianapolis-based retailer of athletic apparel turned in quarterly earnings that beat analyst expectations, but the price of company shares quickly dropped Thursday on weak earnings guidance.
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Bill banning local plastic bag restrictions signed by Pence
City and county officials across Indiana won't be allowed to tax or restrict the use of disposable plastic bags by grocery stores and other retailers under a new state law.
Menard teams up with Penske as sponsor for Indy 500
Roger Penske is bringing former IndyCar owner John Menard back to the series as a team sponsor.
Aldi taking Walmart’s low-price edge in grocery wars
Aldi stores lack the massive size and selection of a Walmart, but their rapid proliferation and ability to offer even lower prices are putting pressure on the giant discounter.
Car dealer paying to replace school’s unsafe bleachers
An automobile dealer is giving $1.5 million to replace the bleachers at a local high school's football stadium that have been closed off because of safety concerns.
New Wal-Mart milk plant to employ 200 in Indiana
Wal-Mart Stores Inc. plans to build a multimillion-dollar milk-processing plant on 80 acres of farmland south of Fort Wayne International Airport, state officials announced Friday.
Gershman buys Lockerbie Marketplace block downtown
A mostly historic four-building commercial property that encompasses an entire city block near Massachusetts Avenue has changed hands.
Lids Sports Group narrows focus after profit evaporates
The Zionsville-based retailer continued to grow but saw profit plummet after it moved beyond its core business of selling sports caps.
Chipotle expects first quarterly loss after food-safety crisis
Chipotle Mexican Grill Inc., which has a dozen Indianapolis-area locations, saw sales fall for at least the third straight month in February.
Low gasoline prices drag down U.S. retail sales
Sales were generally weak across the board: Auto dealers, electronics and appliance stores, grocery stores and department stores all reported lower sales.
Fresh Market grocery chain acquired for $1.4 billion
Fresh Market, which operates five stores in Indiana, including three in the Indianapolis area, has been sold to buyout firm Apollo Global Management.
Indiana OKs alcohol sales change for daylight saving time
Indiana residents might lose an hour of sleep this weekend when daylight saving time returns, but they won't lose any time to buy alcohol early Sunday.
Owner of Men’s Wearhouse, Jos. A. Bank to close 100s of stores
Tailored Brands Inc., which owns a dozen men’s clothing stores in the Indianapolis area, announced the cost-cutting plan after sales slid during the holidays.
Lawmakers act to curtail ‘dark box’ property valuation method
There could be some relief in sight for local governments that were losing tax revenue due to the so-called “dark box” valuation method of commercial property in their counties.
Breakfast chains flock to Indy to quench underserved appetite
Breakfast chains a step above the likes of Bob Evans and Cracker Barrel are finding Indianapolis as comforting as a stack of blueberry pancakes.
Pence gets bill to give Boone, Hamilton more alcohol permits
House Bill 1386, which would also tweak a 2015 law that deals with regulations for the vaping industry, was passed by Senate 63-30 on Monday.
Local Ryan’s Buffet closes as part of corporate restructuring
The south-side restaurant on U.S. 31 is among 90 eateries under parent Ovation Brands Inc.’s umbrella that have been closed nationwide.
Washington Square is out for bid, but can the mall be rescued?
The 1.1-million-square-foot mall is adrift without a permanent owner or turnaround strategy. Now its lender is attempting to sell it.
Biglari’s Buffett-style shareholder letters colorful, ‘odd’
"In a world filled with hyper-orthodoxy, Biglari Holdings represents an oasis of unconventionality," Sardar Biglari said in his latest letter to shareholders. "We follow our own individualistic ideas and ideals rather than find refuge in the superficial conventions and conformity.”
Simon agrees to buy $1.1B mall in Las Vegas
The pending deal would help the Indianapolis-based real estate firm solidify its retail holdings in the tourism mecca.