economics

News
4:40 pm
Wed March 11, 2015

Vera Bradley's Earnings Continue to Drop

Credit Vera Bradley Inc.

Vera Bradley’s sales and profits continued to drop last year. The Fort Wayne-based retailer’s earnings were released Tuesday.

Vera Bradley reported net revenue of at about $500 million for fiscal year 2015– a more than two percent decline from the previous year. Store sales were down 20 percent, and shares fell to a record low.

The report comes one day after the company announced plans to close its New Haven factory which employs about 250 people, citing the increasing cost of domestic manufacturing.

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News
1:48 pm
Mon July 15, 2013

Young Adults Struggle To Find Jobs Post-Recession

The unemployment rate among young adults in Indiana is significantly higher than the state average and a Ball State economist says Hoosiers in that age group are still struggling to recover from the recession.

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