IBJNews

Kennedys sell interests in running store chain

Back to TopCommentsE-mailPrintBookmark and Share

Bob and Melina Kennedy have sold their assets in BlueMile, a chain of running and fitness stores they founded 12 years ago as The Running Co.

Cofounders Ashley and Andrea Johnson are now sole owners, Bob Kennedy told IBJ this morning. He declined to disclose terms, but said he's been discussing the buyout deal with the Johnsons "for months."

“We are very proud of our role in [the company’s] success,” Kennedy said in an e-mail. “But, as they say, ‘there comes a time,’ and our time has come to move on."

Bob Kennedy, 42, is a former NCAA champion and Olympian, and was a top U.S. middle distance runner in the 1990s. Melina Kennedy is a former Indianapolis deputy mayor under Bart Peterson and Democratic mayoral candidate who now works as director of executive communication at Columbus-based Cummins Inc.

Bob Kennedy said he is working on a new business idea but isn't ready to discuss it.

“I'm excited about a new idea and vision I'm working on right now," he said. "I'll have something to talk about in a couple of months. I can tell you it is in the running industry. I'm confident it's a viable idea."

BlueMile, which changed its name in 2010, started as a single Broad Ripple store.

The company opened stores in Fishers in 2004, Carmel in 2006, Greenwood in 2007 and Louisville—where it now has two stores—in 2010. BlueMile has about 50 employees.

With the exception of 2011, the company has seen annual revenue grow at a double-digit percentage clip over the last seven years. Sales this year are up more than 20 percent over the same period a year ago, Bob Kennedy said.

Bob Kennedy’s connections within the industry and especially with his former sponsor, Nike, initially helped the company grow. But over the years, the company became popular for its shoe-fitting services and overall running expertise, said Ken Long, who founded The Runner’s Forum store and now operates a running and fitness event-management company.

Ashley Johnson, 50, was an all-American runner at Western Kentucky University who spent a decade managing Portland Running Co. in Portland, Ore., and Marathon Sports in Boston before partnering with the Kennedys. Andrea, Ashley’s wife, worked in marketing for Nike and USA Track & Field before becoming  full-time marketing and community relations director for BlueMile in 2007.




 

ADVERTISEMENT

  • Congrats Ashley and Andrea!
    Congratulations to you Ashley and Andrea, and best of luck on future plans to the Kennedys! I have been a runner and cyclist for nearly 40 years, and you guys are absolutely the BEST when it comes to running gear. For people new to running and walking, make sure you try BlueMile for truly professional selection and sizing on running shoes. Best of luck to Bob K on his new venture, I look forward to hearing about it.

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:
 
thisissue1-092914.jpg 092914

Subscribe to IBJ
  1. Here are a few candidates for this new group, "ripped from the headlines." First up, that bizzaro State Senator Brent Waltz; secondly, the unethical Todd Huston, and his contractual arrangements scheme; Finally, but not least of all, the dishonorable Eric Turner. What sayeth you Greg Zoeller?

  2. Good day. I can't hide this great testimony that take place in my life I will love everyone to know it and be partaker that is why I always place it on answer, I am Mrs,Natalie Cuttaia by name, I live in Texas, United State Of America, I want to thank (Mr.Bruce Brandon) for his kindness upon my family life. I never knew that there is still nice lender like this on internet and earth here. Just some Months Back, I was in search for a loan of $100,000,00 as I was running out of money for feeding and rent. I was scammed $6,800 Dollars and I decided not to involve my self in such business again but a Friend of my introduced me to a loan firm due to my appearance and doings. And I told him that I am not interested of any loan deal anymore but he told me that there is still a nice lender who he will recommend me to, and I made a trial and I am most grateful lucky am I today, I was given a loan amount of $100,000.00usd, by this great Company (Bruce Brandon Loan Company) managed by (Mr.Bruce Brandon) If you are in need of a genuine or legit loan or financial assistance and you can be reliable and trusted of capable of paying back at the due time of the funds I will advice you to, contact him via: ( bruce.brandon071@gmail.com ) And you will be free from scams in the internet. All thanks to Mr.Bruce Brandon You are the one who remove me and my family out of poverty. The reason why i am doing this is that, i promise Mr.Bruce Brandon that if i truly got my loan, i will advertize his company and bring customers to his company. Contact him via ( bruce.brandon071@gmail.com )for the Loan you have been looking for..

  3. Hello, We are firm Organization formed to help people in needs of helps,such as financial help. So if you are going through financial difficulty or you are in any financial mess,and you need funds to start up your own business,or you need loan to settle your debt or pay off your bills,start a nice business, or you are finding it hard to obtain capital loan from local banks,contact us today via email mrsroseberrywilkinsfunds.usa@gmail.com So do not let these opportunity pass you by because Jesus is the same yesterday, today and forever more. Please these is for serious minded and God fearing People. Your Name: Loan Amount: Loan Duration: Valid Cell Phone Number: Thanks for your understanding to your contact as we Await Regards Management Email:mrsroseberrywilkinsfunds.usa@gmail.com

  4. The question is, where could they build a new stadium? It seems in the past year, all the prime spots have been spoken for with potential projects. Maybe in the industrial wasteland area a block past Lucas Oil? I think it needs to be close to the core, if a new stadium is built.

  5. Aldi is generally a great shopping experience. Still, I'm sure YOU wouldn't want to shop there, which I consider a positive.

ADVERTISEMENT