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.
The Indianapolis-based retailer of athletic apparel posted earnings that exceeded analyst expectations, as profit and revenue both grew in the quarter ended May 30.
Finish Line CEO says quality wins customers at online and brick-and-mortar stores.
Reducing expenses and rejiggering inventory helped the Indianapolis-based retailer of athletic apparel finish a disappointing year with a strong kick.
The Finish Line Inc., 3308 N. Mitthoeffer Road,?Indianapolis, www.finishline.com, is a specialty retailer of brand-name athletic and leisure footwear, activewear and accessories. The company operates 850 stores across the United States.
Michael Grimes, 37, vice president of omni-channel marketing for Finish Line Inc., is the athletic-shoe powerhouse’s key integrator of store and online experiences for customers.
Shares of The Finish Line Inc. tumbled by about 20 percent in trading Friday morning, after the Indianapolis-based company lowered its earning outlook.
Mark S. Landau, who had served as the company’s chief business development officer since January 2012, has resigned.
The Finish Line Inc. has acquired a chain of five stores in the Kansas City, Missouri, area through its subsidiary, the Running Specialty Group.
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.
Samuel M. Sato joined the company in 2007 and previously had served as president of the Indianapolis-based retailer’s Finish Line brand.
Shares in The Finish Line Inc. dropped as much as 12 percent Friday morning after the company reported second-quarter earnings and revenue that fell short of analyst expectations.
Boys & Girls Clubs of Indianapolis broke ground Aug. 27 on a 22,000-square-foot facility on the east side.
Sales at stores open at least a year climbed 5 percent, and the company’s website improvements and relationship with Macy’s also helped to drive profit.
The Indianapolis-based athletics retailer bought a larger share in the Running Specialty Group, a chain that operates 49 stores in 11 states.
The Finish Line Inc.’s 48-store specialty running chain has been stuck in neutral and unable to grind out a profit since its inception three years ago. But the Indianapolis-based athletics retailer thinks its Running Specialty Group is poised at least to break even this year after reporting small losses every year since 2011.
A jump in same-store sales and improvements to the sports-apparel retailer’s website helped the company report a better-than-expected profit in its fiscal fourth quarter.
Brick-and-mortar retailers experienced a rough holiday season, and the doldrums continued through January—fueling hand-wringing among investors and other observers over whether the Internet has permanently diminished the American shopping mall.
The company rebounded in its fiscal third quarter from a loss in the year-ago period, thanks in part to strong same-store sales and improvements in e-commerce sales.
Shares of The Finish Line Inc., HHGregg Inc. and Shoe Carnival Inc. have been on a tear this year, rebounding to outperform the major stock indexes and rising at least 40 percent in value through the first of December. By comparison, the S&P 500 has gained about 28 percent.
