2016 TOP STORIES: Locally based retailers send CEOs packing
Three major Indianapolis-based retailers struggling with declining sales replaced their CEOs this year as they tried to improve company financials.
Finish Line
Articles
Struggling Finish Line strives to reduce reliance on apparel
Slumping sales of apparel led the Indianapolis-based athletic clothier to report a steep loss in its latest quarter.
Finish Line proves again how hard it is to diversify
Finish Line's decision to give up on its JackRabbit running-shoe chain and try to find a buyer marks the fourth time the company has stumbled badly while trying to diversify.
Finish Line expecting $44M charge related to JackRabbit decision
The Finish Line Inc. on Tuesday confirmed a two-week-old report that it was looking to rid itself of its underperforming JackRabbit chain of specialty running-shoe stores.
Holiday sales are projected to go up, but malls might not benefit
Upbeat holiday shopping forecasts are giving retailers reason to cheer despite nagging signs that consumers are spending less at malls and instead opting for online outlets.
Finish Line seeking buyer for its JackRabbit stores, sources say
The specialty running-shoe division, which operates 70 stores under various names, could draw interest from private equity firms and other sporting-goods chains.
Finish Line realizing benefits of closing stores
Finish Line's experience highlights the important, but difficult, path forward for retail chains that had become addicted to new stores as the only way to fuel sales.
Finish Line’s supply chain woes under control, CEO says
Sales and profit for the apparel seller’s most recent quarter either met or exceeding Wall Street’s expectations. It’s now embarking on a plan for responding to clothing trends more quickly.
Finish Line struggles to hit stride with JackRabbit running-store chain
Management is talking as though it might jettison the 71-store, money-losing division if it doesn’t sharpen performance quickly.
Finish Line shares soar after results impress investors
Shares of the athletic shoe and apparel retailer shot 20 percent higher after the company narrowly beat expectations and outlined plans for improved performance.
PROXY CORNER: The Finish Line Inc.
Indianapolis-based The Finish Line Inc. is a specialty retailer of brand-name athletic and leisure footwear, activewear and accessories. The company operates 980 Finish Line locations, primarily in U.S. malls and Macy’s department stores, and 72 running specialty stores.
Finish Line COO always looking to ‘add value’
Melissa Greenwell says she has never focused on the climb up the corporate ladder.
Changes in retail expand gulf between haves, have-nots
It turns out that Simon Property Group spun off its less profitable malls and zeroed in on high-end properties at just the right times. Analysts say middling malls are losing out as retailers decide where to pare locations.
Finish Line taps Nordstrom exec to lead merchandising
The move comes as Finish Line’s new CEO strives to improve performance issues that caused the retailer to lose $32 million in sales in its fiscal third quarter.
Finish Line gets banged up in new e-commerce study
A report from the investment firm Credit Suisse analyzed the e-commerce capabilities of Nike, Finish Line and Foot Locker and found Nike is far and away the leader.
Finish Line reports strong quarter, soft outlook
The Indianapolis-based retailer of athletic apparel turned in quarterly earnings that beat analyst expectations, but the price of company shares quickly dropped Thursday on weak earnings guidance.
Finish Line’s ‘self-inflicted’ blunders leave analysts skeptical
The Finish Line Inc.’s disastrous third quarter stemmed from management miscues, a well-worn story that has made some analysts skeptical that incoming CEO, Sam Sato, will usher in better times.
UPDATE: Finish Line to close 150 stores, change CEO
The Finish Line Inc. said it will close 150 stores over the next four years and replace its CEO early next year after losing $32 million in sales in its latest quarter due to supply-chain problems.
Battered retailers seek sales salvation in holiday season
Indiana’s publicly traded retailers are hoping a strong shopping season will allow them to finish with a flourish after a bruising 2015.
Finish Line clocks steady performance in second quarter
The Indianapolis-based retailer of athletic apparel reported profit in its fiscal second quarter of $25.9 million, slightly down from the same quarter a year ago.