Minneapolis-based Groveland Capital LLC has filed notice that it will seek to replace Sardar Biglari and Biglari Holdings Inc.’s other five directors with its own nominees at the company’s annual meeting.
The Circle Centre and Hamilton Town Center locations of struggling teen clothing retailer Wet Seal are among 338 stores that closed as of Wednesday.
The Indianapolis-based appliance, electronics and furniture retailer anticipates a 6-percent decline in sales for its quarter ended Dec. 31, despite strong e-commerce growth.
The appliance and electronics retailer has hired its fourth chief merchandising officer in about three years, snagging a veteran executive who will move on from a much smaller chain.
"Simon Launch" winners will receive cash, support and the opportunity to snag investments from the company's venture capital arm, which is deploying millions of dollars in startups.
The town’s redevelopment commission has agreed to sell the vacant building that housed Rosner Drugstore and will seek proposals next month to develop land across the street.
Despite an early start, sales data show that stores may once again have to rely on procrastinators to save the holiday shopping season.
The Indianapolis-based real estate investment trust said the 81,000-square-foot shopping center was fully occupied and would build on its presence in the tourism mecca.
A bank claims the owner of Nora Corners, which is anchored by a Marsh supermarket, has defaulted on an $8.4 million loan.
Shares of The Finish Line Inc. tumbled by about 20 percent in trading Friday morning, after the Indianapolis-based company lowered its earning outlook.
Gary Brackett’s personal credo—be humble, be hungry and work harder than everybody else—has served him well. Now he hopes to parlay his success on the gridiron into his restaurant operations.
Just five days after Simon Property Group spun off its strip centers and smaller malls into Washington Prime Group, executives began plotting a multibillion-dollar acquisition.
The new owners of Roselyn Bakery, Choc-Ola chocolate drink and Champagne Velvet beer got dormant but potent brands back on store shelves.
Deb Shops, a woman's clothing retailer with stores in three area malls, has filed for bankruptcy protection for the second time in three years and could close its stores.
There’s no shortage of car washes around Indianapolis. But the owners of Prime Car Wash think the competition has missed a spot—both here and around the country.
Gwendolyn Rogers achieved her goal last month of owning a bakery by opening the Cake Bake Shop in Broad Ripple. The former Little House gift shop space now sports cases full of tasty treats that include her popular cakes, as well as pies, eclairs and other goodies.
The teen-fashion retailer has filed for bankruptcy and started close-out sales at all of its 92 locations, including in Carmel and downtown Indianapolis.
Excluding gas stations, sales climbed a healthy 0.9 percent in November. Spending on motor vehicles accelerated 1.7 percent, while purchases at clothiers, online retailers, electronics stores and department stores all improved.
Teen retailers are facing ho-hum results at a time when overall U.S. retail sales are up 5.1 percent over the past 12 months, the Commerce Department said Thursday.
The unanimous ruling Tuesday is a victory for the growing number of retailers and other companies that routinely screen workers to prevent employee theft.
