Q&A: HHGregg CEO talks turnaround strategy
Dennis May has been at the helm of the electronics and appliance retailer since 2010 and has seen sales of televisions swoon. But expanding into furniture and high-end appliances might help right the ship.
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IPS property sale rekindles talk of downtown Target
Indianapolis Public Schools' plan to sell the 11-acre former Coca-Cola bottling plant site at Massachusetts and College avenues has revived talk that Target would finally open a downtown store.
Few retailers ready for microchip credit, debit cards
As issuers roll out the more secure cards, few local retailers are ready to accept them ahead of the date when they become responsible for fraudulent transactions.
Finish Line clocks steady performance in second quarter
The Indianapolis-based retailer of athletic apparel reported profit in its fiscal second quarter of $25.9 million, slightly down from the same quarter a year ago.
Retailers pen worker wish lists for holiday hiring rush
Macy’s Inc. plans to hire about 85,000 seasonal workers ahead of the holidays, while other national retailers like Walmart and Kohl’s aim around the 60,000 range.
McDonald’s all-day breakfast could increase egg shortage
Restaurants have already been struggling to get enough eggs following the worst outbreak of bird flu in U.S. history. With the world’s largest fast-food chain adding all-day breakfast, the strain is only going to increase.
Finish Line seeking tax break for local expansion
The Indianapolis-based retailer of athletic apparel plans to spend $1.3 million to add new equipment and create 100 jobs at its far-east side headquarters and distribution facility, the company disclosed.
New boss of Frisch’s Big Boy restaurants plans expansion
The new leader of the Frisch's Restaurants chain wants to flex Big Boy's brand muscle with franchise expansion. The changes could mean more Big Boys in Indiana.
Dinosaur-Bar-B-Que calls downtown plans extinct
The Syracuse, New York-based chain said it has chosen to focus on locations closer to its home and will not be opening in space in Circle Centre mall at Meridian and Maryland streets.
Developer agrees to bring taco chain to Indianapolis
Michael House plans to open five Taco John’s restaurants in Indianapolis with an option to open 10 more for the Cheyenne, Wyoming-based fast-food franchise.
Cold beer getting warm as court weighs state’s alcohol laws
Judges heard arguments in January in a lawsuit challenging the state’s prohibition against convenience stores selling cold beer. Waiting seven months for a decision is not unusual.
Marsh renews Symphony on Prairie sponsorship through 2018
The Indianapolis Symphony Orchestra’s outdoor concert series posted total attendance of more than 100,000 in 2014. Marsh Supermarkets has sponsored the series since its inception in 1982.
Kroger rolls out online shopping service at Carmel store
Kroger is among several grocery stores that are testing or using online ordering systems in various markets.
HHGregg’s latest loss still beats Wall Street expectations
The retailer reported another lackluster quarter with sales dips in every category except home products. But its shares shot up in trading because the results were better than expected.
Save-A-Lot grocery commits to Avondale Meadows neighborhood
In an area underserved by grocery stores, the chain is planning a store on East 38th Street as part of a larger $8.7 million, 40,000-square-foot retail project.
Brothers start artisan distillery in Madison County
Jerrad and Jason Oakley have reached an agreement with 69 Liquors in Daleville, Lucky Liquors in Anderson and Mr. G's Liquor Store in Noblesville to sell their moonshine.
Few Indy companies embrace state’s new crowdfunding option
Regulations that went into effect July 1, 2014, allow Indiana businesses to solicit capital from rank-and-file Hoosiers in increments of $5,000 or less per investor. The main stipulation: Both the business and the investor(s) must be Indiana-based.
Competition for local retail workers heating up
The competition for retail workers in the central Indiana job market has grown so intense that one retailer is offering hiring bonuses.
Once-fringe Gen Con powers game industry
Indy’s annual Gen Con convention has become a powerhouse in the growing $880 million international hobby game business—and a boon for homegrown gaming startups, including Plowgames.
Double 8 closes four remaining grocery stores
Declining revenues were too much of a challenge to overcome, the local grocer said in a statement. The chain opened its first store in 1957.