IBJNews

Hat World acquires New York sporting goods dealer

Back to TopCommentsE-mailPrintBookmark and Share

Hat World Inc., a retailer and manufacturer of sports hats and apparel, announced Thursday that it has purchased New York-based Anaconda Sports Inc., one of the largest independent team sporting goods dealers in the country.

Terms of the deal were not disclosed.

Indianapolis-based Hat World said the acquisition falls within its LIDS Team Sports division and includes Anaconda Sports’ corporate office and distribution center in Lake Katrine, N.Y., as well as its production assets. Anaconda also operates a direct-mail catalogue and e-commerce website.

The purchase is part of a strategy by Hat World parent Genesco Inc. of Nashville, Tenn., to expand beyond hat retailing into two new segments—licensed sports apparel and team-sports equipment—and benefit from the synergies among them.

LIDS used last year’s $14 million purchase of the 37-store Sports Fan-Attic Inc. to launch LIDS Locker Room, its licensed sports apparel unit. And in May, the company agreed to purchase the 46-store Sports Avenue. It operates traditional licensed-sports apparel stores, as well as team stores for the New York Yankees, St. Louis Cardinals and others.

“The addition of Anaconda Sports is the latest example of LIDS’ intent to grow its brand through the team dealer channel,” Hat World President Kenneth J. Kocher said in a prepared statement. “The diversity within the Anaconda Sports business, its excellent reputation for the quality of its products and services, and on-time delivery match up well with LIDS Team Sports’ existing initiatives.”

Anaconda Sports’ exclusive licensed properties include Babe Ruth League of North America, Boys and Girls Clubs of America, Police Athletic League, Men’s Senior/Adult Baseball League and Senior Softball USA.

Hat World is comprised of three business units—the LIDS retail headwear stores, the LIDS Locker Room specialty fan retail chain, and the LIDS Team Sports wholesale business.

In June, Hat World announced its plans to expand its local headquarters and distribution operations, creating as many as 571 jobs by 2015.

The company said it expects to invest up to $22 million to lease and prepare additional space locally as it consolidates manufacturing and warehouse operations from Wisconsin.

Hat World’s 300 local employees currently work out of 195,000 square feet of leased space in Park 100 on the city’s northwest side. Hiring of additional workers was expected to begin this summer as new operations are phased in locally.

Founded in Lafayette in 1995, Hat World later moved to Indianapolis before being acquired by Genesco in 2004. The company operates more than 900 retail stores in 48 states.
 

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. I am not by any means judging whether this is a good or bad project. It's pretty simple, the developers are not showing a hardship or need for this economic incentive. It is a vacant field, the easiest for development, and the developer already has the money to invest $26 million for construction. If they can afford that, they can afford to pay property taxes just like the rest of the residents do. As well, an average of $15/hour is an absolute joke in terms of economic development. Get in high paying jobs and maybe there's a different story. But that's the problem with this ask, it is speculative and users are just not known.

  2. Shouldn't this be a museum

  3. I don't have a problem with higher taxes, since it is obvious that our city is not adequately funded. And Ballard doesn't want to admit it, but he has increased taxes indirectly by 1) selling assets and spending the money, 2) letting now private entities increase user fees which were previously capped, 3) by spending reserves, and 4) by heavy dependence on TIFs. At the end, these are all indirect tax increases since someone will eventually have to pay for them. It's mathematics. You put property tax caps ("tax cut"), but you don't cut expenditures (justifiably so), so you increase taxes indirectly.

  4. Marijuana is the safest natural drug grown. Addiction is never physical. Marijuana health benefits are far more reaching then synthesized drugs. Abbott, Lilly, and the thousands of others create poisons and label them as medication. There is no current manufactured drug on the market that does not pose immediate and long term threat to the human anatomy. Certainly the potency of marijuana has increased by hybrids and growing techniques. However, Alcohol has been proven to destroy more families, relationships, cause more deaths and injuries in addition to the damage done to the body. Many confrontations such as domestic violence and other crimes can be attributed to alcohol. The criminal activities and injustices that surround marijuana exists because it is illegal in much of the world. If legalized throughout the world you would see a dramatic decrease in such activities and a savings to many countries for legal prosecutions, incarceration etc in regards to marijuana. It indeed can create wealth for the government by collecting taxes, creating jobs, etc.... I personally do not partake. I do hope it is legalized throughout the world.

  5. Build the resevoir. If built this will provide jobs and a reason to visit Anderson. The city needs to do something to differentiate itself from other cities in the area. Kudos to people with vision that are backing this project.

ADVERTISEMENT