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.
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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.
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.
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.
Meijer to invest $400M in new, remodeled stores this year
Midwest retailer Meijer plans to open nine new stores this year, including one in Indianapolis. It also plans to remodel numerous stores.
Tim Hortons targets Indianapolis as part of expansion plan
Coffee and doughnut chain Tim Hortons, a cult favorite in its Canadian homeland, is counting on Indianapolis as it makes a bigger push into the United States.
CEO Dennis May steps down at struggling HHGregg
The Indianapolis-based appliance and electronics retailer, which has seen its sales plummet in recent years, named Chief Financial Officer Robert Riesbeck as interim CEO. May had been with the company since 1999.
Kroger to offer anti-overdose drug without prescription
The supermarket chain will make naloxone available in its pharmacies across Ohio and northern Kentucky, a region hard-hit by deadly heroin.
U.S. retail sales move in opposite direction from stocks
A key question for the economy this year is whether consumer spending can keep growing and offset the impacts of stock market volatility and slowing growth overseas.
Gun shop owner, pitchman Don Davis dies at 82
Don Davis, one of the nation's most prolific gun dealers and a late-night TV commercial icon in Indianapolis, died Thursday
Increasingly digital retail landscape fuels investor angst
Retailers are updating software, revamping supply chains to provide seamless service to consumers, whether they’re shopping from a desktop, a mobile device, a telephone or visiting a store.
Young & Laramore fetches national retail ad account
Pet Supplies Plus has hired Indianapolis-based ad agency Young & Laramore to help it take a bite out of competitors Petco and PetSmart.
HHGregg reports 11 percent drop in quarterly sales
Sales were down again, as expected, but the electronics and appliance retailer saw a smaller loss in the latest quarter thanks to cost savings.
Johnny Rockets closes restaurant in Circle Centre mall
The burger joint served its last customers on Sunday in the mall’s food court, joining a growing list of tenants departing the mall’s third floor.
Longtime downtown tobacco shop closes
A sign in the window of Hardwicke’s Pipe & Tobacco off of Monument Circle instructs patrons to visit its Broad Ripple store, which remains open.
Lids co-founder leaving as part of sale of sports-uniform division
Scott Molander, who launched the chain as Hat World with a single store in Tippecanoe Mall in Lafayette in 1995, is joining the Tennessee-based company that's buying Lids' sports-uniform business.