CEO David Baxter, who was hired in May 2016, is aiming to marry the best of online retailing with brick-and-mortar stores, to lift the company’s profit margin to where it was five years ago.
Scott Molander, who launched the chain as Hat World with a single store in Tippecanoe Mall in Lafayette in 1995, is joining the Tennessee-based company that's buying Lids' sports-uniform business.
Commercial projects are starting to stake claims on open land along the Zionsville portion of Michigan Road, catching up with the flurry of mostly retail development that’s already occurred along the Carmel portion of the roadway.
Sales for Indianapolis-based Lids Sports Group have been so disappointing that parent Genesco Inc. within the past six months has twice cut its fiscal 2015 full-year earnings, from a high of $5.55 per share to a low of $4.75 per share.
Even as retail development continues to proliferate just outside Zionsville’s borders, town officials say they remain committed to an 8-year-old zoning ordinance banning big-box stores.
Zionsville officials on Monday agreed to sell 15.6 acres in the new Creekside Corporate Park to Hat World Inc. for $577,200. Local incentives tied to the deal could allow the company to recoup at least half of the purchase price.
The deal to move the retailer’s corporate center from Marion to Boone counties dates back to May, when town officials closed on a $3 million land deal that they hoped would attract new development.
The Governor's office said it plans to make "a major economic development announcement" Friday morning "regarding hundreds of new jobs for Hoosiers" at the headquarters of Hat World Inc. in Indianapolis.
Lids Sports Group is emerging as an early Super Bowl winner among local businesses after betting big that souvenir sales would shine.
A number of acquisitions last year disclosed no sale price. In the Indianapolis area, those deals ranged from OneAmerica’s acquisition of benefits firm McCready and Keene Inc. to Herb Simon’s pickup of the Kirkus Reviews, a venerable journal of prepublication book reviews. • Bloomington Hospital was merged into Clarian Health on Jan. 1. • Indianapolis-based […]
The purchase of Anaconda Sports helps Hat World to grow its LIDS Team Sports division, created to expand the Indianapolis-based company’s reach beyond hat retailing.
Hat World, a subsidiary of Nashville, Tenn.-based Genesco Inc., said it plans to invest up to $22 million to lease and prepare
additional space locally as it consolidates manufacturing and warehouse operations from Wisconsin.
Locally based Hat World has agreed to acquire the assets of Sports Avenue, an Illinois-based competitor that operates 46 retail
stores and 13 branded e-commerce sites. Terms of the deal where not disclosed.
Athletic retailer The Finish Line Inc. had cultivated a reputation for conservative play calling, keeping clean books with
minimal debt. Then on June 18, the Indianapolis-based retailer called a surprise audible. The $1.3 billion company agreed
to acquire Nashville, Tenn.-based Genesco Inc. for $1.5 billion.
