Retailers rejected by Supreme Court on debit-card fees
The U.S. Supreme Court, without comment, left intact a Federal Reserve rule governing how much banks can collect for debit-card transactions.
Retailers
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Convenience chain going upscale as it plots new stores
Anderson-based Ricker’s new gas station and convenience store at 146th Street and Carey Road in Westfield offers made-to-order burritos and self-serve frozen yogurt. The Anderson-based company plans to use the Westfield site as a model for its next generation of stores.
Meijer tax ruling may reverberate statewide
The Indiana Board of Tax Review ruled in December that the East 96th Street Meijer store—one of the most successful in the state—should have been assessed in 2012 at the equivalent of $30 per square foot, not the $83 per square foot assigned by Marion County.
Prominent jeweler retrenches after auction of inventory
Despite an auction of inventory to satisfy a debt, Aronstam Fine Jewelers is in no danger of closing, the store’s owner says, thanks to the help of outside investors.
Clark Appliance preparing to liquidate inventory
The liquidation follows last month’s closing of the high-end appliance retailer’s store in Castleton and comes after a failed attempt to reorganize.
Growing church wants old Borders space in Carmel
Mercy Road Church is seeking to take over the former Borders bookstore at 116th Street and Keystone Parkway, transforming the long-vacant building into a long-term home for its growing congregation.
HHGregg expecting drop in year-end sales
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.
Clay Terrace bakery closes, 3 youth retailers to follow
Paradise Bakery & Café closed its location at Carmel’s Clay Terrace on Tuesday, leading off a mini exodus of retailers from the upscale outdoor mall.
HHGregg snags new exec from New York chain
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 launches retail startup competition
"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.
Specialty grocers blitz city with new stores
The Indianapolis area’s competitive grocery market is becoming even more crowded with the arrival of additional specialty stores catering to the upscale crowd.
Sales for holiday shopping season come down to the wire
Despite an early start, sales data show that stores may once again have to rely on procrastinators to save the holiday shopping season.
Finish Line shares slide after quarterly results miss mark
Shares of The Finish Line Inc. tumbled by about 20 percent in trading Friday morning, after the Indianapolis-based company lowered its earning outlook.
Plucky owners reclaim, renew famous Hoosier trademarks
The new owners of Roselyn Bakery, Choc-Ola chocolate drink and Champagne Velvet beer got dormant but potent brands back on store shelves.
Mall retailer Deb Shops facing possible closure
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.
Startup car wash chain aims for high-end splash
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.
After victory in London, cake baker opens local shop
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.
Two Delia’s stores to close in Indy as chain folds
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.
Teen retailers get the cold shoulder for holidays
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.
High court: No pay for Amazon warehouse security checks
The unanimous ruling Tuesday is a victory for the growing number of retailers and other companies that routinely screen workers to prevent employee theft.