Genesco’s hat unit now has reported four consecutive quarters of declining same-store sales—an unusual malaise for a business that from 2001 to 2006 posted a miraculous 19 straight quarters of increased same-store sales.
The Indianapolis grocery market is about to become even more competitive, as discount giant Wal-Mart embarks on a strategy to offer consumers a store design much cozier than its cavernous supercenters.
Fast-food workers in 50 U.S. cities, including Indianapolis, plan to walk off the job Thursday in an attempt to ratchet up pressure on McDonald’s Corp., Wendy’s Co. and others to raise wages.
The Indianapolis-based appliance and electronics retailer’s stock hit a sort of milestone Tuesday, closing above $18 for the first time since early 2011.
Bleaker outlooks at retailers like Wal-Mart and Macy's are raising doubts that consumers will spend enough in coming months to lift the still-subpar U.S. economy.
The controversial residential-and-retail development along the Central Canal got the nod from a city hearing examiner on Thursday. A zoning change and variances for the project still require additional approval.
The arrangement is considered an inexpensive way to expand Lids’ reach into large, sports-centric cities. But Wednesday’s earnings report from Macy’s indicates consumers aren’t spending as much on apparel.
Shoppers are holding off on back-to-school shopping, and those who delay long enough might be rewarded with some steep discounts from desperate retailers.
A federal lawsuit alleging monopolistic behavior by Simon Property Group Inc. likely will proceed to trial after a federal judge in South Bend denied a motion by the Indianapolis-based mall giant to dismiss the 3-year-old case.
States are viewed as having wide latitude to regulate alcohol sales.
The Grand Rapids-based company says it wants to hire 1,800 in Indiana. Most of the new positions will be part-time.
Attorneys for 21st Amendment have filed a motion to intervene in the suit filed by the Indiana Petroleum Marketers and Convenience Store Association and several store owners.
The locally based burger chain filed suit late last month to stop a Denver restaurant owner from operating under its logo in a spat over menu pricing. The franchisee is countersuing.
A flood of downtown apartments coming on the market is leasing up quickly, but much of the attached retail space continues to languish as some begin to wonder whether the residential boom will create enough retail demand.
The company reported a loss of $1.3 million, or 4 cents per share, for its latest quarter, compared with a loss of $5.7 million, or 16 cents per share, in the same period a year ago.
Financial terms of the agreements, announced in a written statement, were not disclosed, but the mortgages involve tens of millions of dollars in debt on retail properties spread throughout the area.
Judge Sarah Evans Barker issued an order allowing Marsh to keep the severance paid by his former company, which attempted to recover the payments from him. The order ends a four-year court battle between the two parties.
The initial public offering of Brixmor Property Group, the second-largest U.S. shopping center landlord, may be the biggest for a retail real estate investment trust since Simon Property Group Inc.’s IPO 20 years ago.
Flaherty & Collins, the developer of the 28-story tower, “would love to have a Whole Foods” or similar grocer as a retail tenant. With one Marsh two blocks away and another under construction nearby, the project begs the question whether the area can support three groceries.
A local developer has received city approval to rezone 10 acres at Fall Creek Parkway and East 56th Street as part of a plan to demolish a mostly vacant retail center and replace it with a 42,000-square-foot anchor grocery store and other shops.
