Bill to close cold-beer sales loophole advanced by Senate panel
A legal loophole used by an Indiana convenience store chain to sell cold beer would be snapped shut under a proposal that was advanced Wednesday by the Senate Public Policy Committee.
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Lawsuits: Hackers stole customer data at 1,000 Arby’s stores
Arby's Restaurant Group failed to prevent hackers from stealing customer information at hundreds of its locations, a couple says in a new federal lawsuit. Eight credit unions and banks from Indiana and other states have filed seven other related federal lawsuits.
UPDATE: Finish Line’s stock price plunges on disappointing results
The locally based retailer of athletic apparel and footwear lost $9.5 million in its fiscal fourth quarter, falling short of earnings expectations and sending company shares tumbling in morning trading.
Woes build for stores as shoppers look elsewhere for inspiration
The number of “distressed” retailers—those with cash problems and poor credit profiles that are facing strong competition—is at the highest rate since 2009, says Moody’s Investor Service.
Payless expected to file for bankruptcy, close hundreds of stores
Payless Inc., which has about 15 shoe stores in the Indianapolis area, is preparing to file for bankruptcy as soon as next week, according to people familiar with the matter.
National retailer’s closure plans to affect four Indianapolis-area stores
A decision by a national religious-based retailer to close all 240 of its stores will put 14 Indiana locations out of business.
Target revamping stores to attract different types of shoppers
In a move to bring shoppers back to its stores, Target Corp. is embarking on an ambitious redesign aimed at helping people who need to dash in for milk to get out quickly while encouraging those who want to wander the aisles to linger.
Amazon struggles to find strategy that works in $800B grocery market
Despite several attempts to break into industry over almost a decade, the company has struggled to entice shoppers en masse to buy eggs, steaks and berries online the same way they’ve flocked to buy books, tablets and toys.
J.C. Penney to close five Indiana department stores
The department store chain announced Feb. 24 that it planned to close about 14 percent of its locations. On Friday, the retailer unveiled a list of 138 stores that were on the chopping block.
HHGregg’s deal with proposed buyer falls apart
The appliance-and-electronics retailer never disclosed the identity of the proposed buyer, but statements by attorneys in court and in a court filing suggest it was affiliated with Zimmerman Advertising, the company's advertising agency.
Marsh poised for more closings, sued for nonpayment of rents
Struggling Marsh Supermarkets has stopped paying rent on six Indianapolis stores, a move that might suggest the struggling chain is preparing to close them to shore up finances.
Outdoor retailer Gander Mountain closing area store
Gander Mountain is closing two stores in Indiana, including one of its Indianapolis-area locations, as part of a bankruptcy restructuring plan that will close 32 stores overall.
Other suitors will have chance to outbid HHGregg’s proposed buyer
The Indianapolis-based appliance and electronics retailer says it has interest from dozens of potential purchasers.
Furniture stores brace for Ikea’s incursion
The long-awaited arrival of Ikea to central Indiana will transform the way many Hoosiers buy furniture.
Meijer to roll out home-delivery grocery service in Indianapolis
The regional retailer, which has about a dozen superstores in the area, said it will offer the service beginning in April through outside vendor Shipt Inc.
Radio Shack ‘rescuer’ files bankruptcy, likely to liquidate
The company that set out to revive the fortunes of RadioShack, the venerable consumer-electronics chain, filed for bankruptcy Wednesday after failing to keep up with changing consumer habits. The filing could mean the end for eight remaining area stores.
HHGregg files for bankruptcy, lines up buyer
The company did not disclose the identity of the purchaser. CEO Robert Riesbeck said HHGregg is “fully committed” to continuing to operate the 132 stores that will remain after it completes the closings announced last week of 88 stores.
Department store chain Gordmans facing bankruptcy
Gordmans Stores Inc., a Midwestern department-store chain founded more than a century ago, is preparing to file for bankruptcy, according to people familiar with the matter. The retailer has one store in the Indianapolis area and several others in Indiana.
HHGregg could file bankruptcy as soon as next week
The news comes one day after the Indianapolis-based retailer announced that it was closing 88 stores and three distribution centers
RadioShack’s successor reportedly preparing for bankruptcy
A filing could happen within the coming days and will probably result in liquidation, sources said. The Indianapolis area is still home to several RadioShack locations.