Finish Line business-development executive resigns
Mark S. Landau, who had served as the company’s chief business development officer since January 2012, has resigned.
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Struggling Sears reports bigger quarterly loss, lower sales
Retailer Sears Holdings Corp, which closed four stores in the Indianapolis area this year, is on track to post its eighth annual revenue drop and its fourth annual loss.
City, Simon strike deal to keep Circle Centre anchor
Under terms of the deal, Carson Pirie Scott will save $300,000 annually through the next three years under a rent reduction at the downtown store.
Backers making new push for Sunday alcohol sales
The Hoosiers for Sunday Sales coalition is starting a campaign Tuesday to build support for legislation that would allow such sales in groceries, pharmacies, and liquor and convenience stores.
UPDATE: Prominent jeweler’s $4M inventory up for auction
The inventory of Aronstam Fine Jewelers, located at Keystone at the Crossing, will be auctioned to help satisfy creditor debt.
Despite rise in fortunes, holiday shoppers to spend cautiously
Gas prices may be hovering at a four-year low, but Americans are paying more for food, health care and other costs. Unemployment is low, too, but then so is wage growth.
Finish Line adds chain of running specialty stores
The Finish Line Inc. has acquired a chain of five stores in the Kansas City, Missouri, area through its subsidiary, the Running Specialty Group.
HHGregg looking for new merchandising chief—again
HHGregg Inc. is about to embark on a search for its fourth merchandising manager in just over two years, the Indianapolis-based retailer disclosed in a filing with the SEC.
State’s publicly traded retailers aim to cash in on bright holiday forecasts
Shares of The Finish Line Inc., HHGregg Inc. and The Shoe Carnival Inc. all have lost value this year and are trailing major stock indexes by a wide margin.
Purdue economist: Turkeys slightly more expensive this year
A Purdue University agricultural economist says Thanksgiving food shoppers will find adequate supplies of turkeys but possibly at slightly higher prices.
HHGregg shares fall on disappointing quarterly results
The company lost more than $10 million in its latest quarter as it saw comparable-store sales fall in every product category except home products.
St. Louis furniture retailer plans expansion into Indy
Weekends Only Furniture Outlet, which has five stores in the St. Louis area, plans to make its first expansion outside of its home market by opening a 92,000-square-foot store in Castleton.
Humane Society takes Steak n Shake fight to shareholders
The Humane Society has set its sights on Biglari Holdings, the firm that owns Indianapolis-based Steak n Shake, saying it has ignored requests to adopt animal welfare methods like its competitors.
Clark Appliance files Chapter 11 bankruptcy protection
In a letter to customers, company president Bob Clark said he has no intention of closing the 100-year-old business and is working to finalize a deal for financing to continue operating.
Meijer drops rezoning request for proposed Glendale store
The retailer had filed plans to rezone nearly an acre along East 56th Street and Keystone Avenue for a 200,000-square-foot store, which neighbors argued would bring too much traffic to the area.
There’s an app for booze delivery coming to Indy
Retailer Big Red Liquors is expected to announce a partnership Thurday with Boston-based mobile-software startup Drizly to offer alcohol delivery service to consumers in the area.
Finish Line names new president from within
Samuel M. Sato joined the company in 2007 and previously had served as president of the Indianapolis-based retailer’s Finish Line brand.
Purdue expert: Holiday spending to climb 4 percent
While money spent on Christmas and Hanukkah gifts is likely to increase, so are the number of retailers and Internet sites available to consumers. That will dilute sales growth for many retailers.
Forecasters expect 4.1-percent rise in holiday spending
Americans are expected to spend at the highest rate in three years during the upcoming holiday shopping season, according to the nation's largest retail industry trade group.
Wal-Mart cuts health benefits for most part-timers
Starting Jan. 1, Wal-Mart will no longer offer health insurance to employees who work less than an average of 30 hours a week. The move, which would affect 30,000 employees, follows similar decisions by Target, Home Depot and others.