IBJNews

Hat World acquires 37-store Sports Fan-Attic chain

Back to TopCommentsE-mailPrintBookmark and Share

Locally based Hat World Inc. has agreed to acquire a popular 37-store athletic retail chain in hopes of doing for collegiate and professional sports licensed apparel what Hat World did for headwear.

Tampa-based Sports Fan-Attic Inc. operates stores in seven southern states and last year posted revenue of about $30 million.

Executives at Hat World and its parent company, Nashville, Tenn.-based Genesco Inc., see the potential to grow the concept into a nationwide powerhouse, both with new stores and by acquiring other regional players in the fragmented market.

The company likely was gearing up for such a move earlier this year when it acquired two companies that produce and market team uniforms and apparel, Wisconsin-based Impact Sports Inc. and Minnesota-based Great Plains Sports.

"Our ambition is to build a national chain with the same scale-based advantages that Hat World enjoys today," Genesco CEO Robert J. Dennis said in a statement announcing the deal for Sports Fan-Attic. Terms were not disclosed.

The bid for growth will face a challenge from athletic shoe retailers The Finish Line Inc., based in Indianapolis, and New York-based Foot Locker Inc., both of which offer a wide assortment of apparel along with footwear. 

Hat World was founded in 1995 in Indianapolis, and acquired its largest competitor, Lids Corp., in 2001. Retail giant Genesco paid $175 million for the company in 2004, and it has continued to grow under the publicly traded company. Today it operates more than 850 locations across the U.S.

Sports Fan-Attic is a "natural addition to Hat World's business," Hat World President Kenneth Kocher said in a statement.

"Our businesses appeal to the same core customer with products from a vendor base that overlaps considerably, and we share an approach to merchandising that focuses on tailoring a store's product selection to the local market," Kocher said.

ADVERTISEMENT

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. Looking at the two companies - in spite of their relative size to one another -- Ricker's image is (by all accounts) pretty solid and reputable. Their locations are clean, employees are friendly and the products they offer are reasonably priced. By contrast, BP locations are all over the place and their reputation is poor, especially when you consider this is the same "company" whose disastrous oil spill and their response was nothing short of irresponsible should tell you a lot. The fact you also have people who are experienced in franchising saying their system/strategy is flawed is a good indication that another "spill" has occurred and it's the AM-PM/Ricker's customers/company that are having to deal with it.

  2. Daniel Lilly - Glad to hear about your points and miles. Enjoy Wisconsin and Illinois. You don't care one whit about financial discipline, which is why you will blast the "GOP". Classic liberalism.

  3. Isn't the real reason the terrain? The planners under-estimated the undulating terrain, sink holes, karst features, etc. This portion of the route was flawed from the beginning.

  4. You thought no Indy was bad, how's no fans working out for you? THe IRl No direct competition and still no fans. Hey George Family, spend another billion dollars, that will fix it.

  5. I live downtown Indy and had to be in downtown Chicago for a meeting. In other words, I am the target demographic for this train. It leaves at 6:00-- early but doable. Then I saw it takes 5+ hours. No way. I drove. I'm sure I paid 3 to 5 times as much once you factor in gas, parking, and tolls, but it was reimbursed so not a factor for me. Any business traveler is going to take the option that gets there quickly and reliably... and leisure travelers are going to take the option that has a good schedule and promotional prices (i.e., Megabus). Indy to Chicago is the right distance (too short to fly but takes several hours to drive) that this train could be extremely successful even without subsidies, if they could figure out how to have several frequencies (at least 3x/day) and make the trip in a reasonable amount of time. For those who have never lived on the east coast-- Amtrak is the #1 choice for NY-DC and NY-Boston. They have the Acela service, it runs almost every hour, and it takes you from downtown to downtown. It beats driving and flying hands down. It is too bad that we cannot build something like this in the midwest, at least to connect the bigger cities.

ADVERTISEMENT