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. why oh why does this state continue to elect these people....do you wonder how much was graft out of the 3.8 billion?

  2. i too think this is a great idea. I think the vision and need is there as well. But also agree with Wendy that there may be better location in our city to fulfill this vision and help grow the sports of hockey and figure skating in Indy. Also to help further develop other parts of the city that seem often forgotten. Any of the other 6 townships out side of the three northernmost could benefit greatly from a facility and a vision like this. For a vision that sounds philanthropic, the location is appears more about the money. Would really like to see it elsewhere, but still wish the development the best of luck, as we can always use more ice in the city. As for the Ice growth when they return, if schedules can be coordinated with the Fuel, what could be better than to have high level hockey available to go see every weekend of the season? Good luck with the development and the return of the Ice.

  3. How many parking spaces do they have at Ironworks? Will residents have reserved spaces or will they have to troll for a space among the people that are there at Ruth Chris & Sangiovese?

  4. You do not get speeding ticket first time you speed and this is not first time Mr.Page has speed. One act should not define a man and this one act won't. He got off with a slap on the wrist. I agree with judge no person was injured by his actions. The state was robbed of money by paying too much rent for a building and that money could have been used for social services. The Page family maybe "generous" with their money but for most part all of it is dirty money that he obtained for sources that are not on the upright. Page is the kind of lawyer that gives lawyers a bad name. He paid off this judge like he has many other tine and walked away. Does he still have his license. I believe so. Hire him to get you confiscated drug money back. He will. It will cost you.

  5. I remain amazed at the level of expertise of the average Internet Television Executive. Obviously they have all the answers and know the business inside and out.

ADVERTISEMENT