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 Indy-based retailer that operates nationally as Lids plans to build a 150,000-square-foot headquarters in Zionsville, beef up local distribution operations, and go on a major hiring spree.
Genesco’s hat unit now has reported four consecutive quarters of declining same-store sales—an unusual malaise for a business that from 2001 to 2006 posted a miraculous 19 straight quarters of increased same-store sales.
The purchase includes nine FansEdge locations in the Chicago area and one in Oklahoma, in addition to two Football Fanatics stores in Jacksonville, Fla.
Under the five-year deal, Nike will maintain its status as the official outfitter of all student athletes on the 16 varsity sports teams at IUPU. The initial deal was signed in October 2009. Terms of the current agreement were not disclosed.
Lids Sports Group is emerging as an early Super Bowl winner among local businesses after betting big that souvenir sales would shine.
The federal suit seeks monetary damages and a permanent injunction prohibiting the men from soliciting customers and employees, and from disclosing trade secrets.
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.
Here’s the business plan: Expand from hat retailing into two new segments—licensed sports apparel and team-sports
equipment—and benefit from the synergies among them.
One-time events influenced bottom lines of some of the few companies that made more money in 2009.
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.
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.
Indianapolis-based Hat World Inc. said Monday that its Impact Sports division has acquired Great Plains Sports in St. Paul,
Minn.
Locally based Hat World Inc. has acquired a custom screen printing and embroidery operation based in Madison, Wis.
The locally based headwear retailer Hat World made a name for itself by snatching up competitors and opening hundreds of
stores around the country. However, after sluggish sales in the fiscal year that ended Feb. 2, the company–a
unit of Nashville, Tenn.-based Genesco Inc.–says it plans to open fewer stores than usual this year so
officials can put their focus back on existing operations.
