Lids

All-Star updates: Viewer ratings surged for All-Star Saturday Night events | Lil Wayne provides energetic finale for NBA concerts

February 18, 2024 | IBJ Staff

Lil Wayne closed out the NBA All-Star Weekend concert schedule with a vigorous showing Sunday at the Indiana Convention Center, pouncing on hip-hop tunes worthy of head-banging and employing a vulnerable touch on a handful of ballads.

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Lids Sports Group leaving Zionsville HQ for smaller office space

April 30, 2019

Three years after moving into a brand new $22 million headquarters building in Zionsville, Lids Sports Group is moving its offices to the northwest side of Indianapolis.

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Genesco still seeking buyer for Lids amid declining sales

December 6, 2018

Tennessee-based parent Genesco says it is still optimistic it can sell its Lids unit, while acknowledging it has taken longer than expected to find a buyer for the headwear retailer.

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Lids Sports Group’s future growing cloudier by the day

October 25, 2018

Parent company Genesco started trying to sell the Zionsville-based division 10 months ago, but no deal has been struck. Meanwhile Lids'  long-running decline has continued.

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Lids, other baseball cap sellers about to feel impact of tariffs

October 24, 2018

According to the American Headwear Alliance, which represents producers such Zionsville-based Lids and Massachusetts-based ’47 Brand, the vast majority of caps sold in the U.S. are imported from overseas.

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Big quarterly loss by Lids sends Genesco’s stock reeling

June 5, 2018

Zionsville-based Lids Sports Group, which operates more than 1,100 stores, saw sales decline nearly 11 percent in the latest quarter. Genesco is seeking a buyer for the unit.

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Is fast-growing rival of Lids frontrunner to buy chain?

February 21, 2018

Some analysts say the logical buyer for Zionsville-based Lids Sports Group is Fanatics Inc., an online-only rival that has been on a tear while Lids has struggled.

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Activist investor group not happy about possible Lids sale

February 14, 2018

An investor group had been pressuring Genesco Inc. to sell some of its holdings, but says it’s not happy that Zionsville-based Lids is the unit Genesco wants to divest. Meanwhile, analysts have mixed opinions about the possible sale.

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Lids’ poor performance leads parent firm to cut outlook

December 1, 2017

Genesco’s stock price fell by 20 percent Friday morning after Zionsville-based Lids Sports Group reported a 9.5 percent drop in sales, prompting the parent company to reduce its full-year outlook.

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Stock skids at Lids’ parent firm after company whacks outlook

August 31, 2017

Zionsville-based Lids Sports Group posted disappointing sales in its second quarter, mirroring recent results from other athletic apparel retailers. Its parent company is trying to dampen expectations for the overall firm.

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Lids embraces digital revolution, adapts to shifting shopping habits

June 1, 2017

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.

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2016 TOP STORIES: Locally based retailers send CEOs packing

December 22, 2016

Three major Indianapolis-based retailers struggling with declining sales replaced their CEOs this year as they tried to improve company financials.

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Here’s how Cubs championship hats get to stores so fast

November 3, 2016

Cubs fans had been waiting more than a century for this triumph, and the rush for celebratory merchandise is on. Zionsville-based Lids Sports Group is using extra workers to make sure key stores have caps available as soon as possible.

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Stock swoons at Lids’ parent after company cuts outlook

September 1, 2016

Shares in Genesco Inc.—parent of Zionsville-based Lids Sports Group—dropped almost 30 percent Thursday after the company reported lower-than-expected sales in the second quarter and downgraded its full-year outlook.

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Former Logo Athletic president named CEO of Lids

May 13, 2016

David Baxter has been named president and CEO at Zionsville-based Lids Sports Group, succeeding former president Kenneth Kocher, who resigned in February after more than 10 years in the position.

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Lids Sports Group narrows focus after profit evaporates

March 17, 2016

The Zionsville-based retailer continued to grow but saw profit plummet after it moved beyond its core business of selling sports caps.

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Longtime Lids Sports Group President Kocher steps down

February 3, 2016

Zionsville-based hat retailer Lids Sports Group is seeking a new leader after the resignation of Kenneth Kocher, who ran the company for more than a decade.

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Lids co-founder leaving as part of sale of sports-uniform division

January 20, 2016

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.

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Lids lands Colts deal as it aims for big splash in team business

March 19, 2015

A universal digital inventory system that links customers to goods in more than a thousand Lids Sports Group stores helped the firm wrestle the Indianapolis Colts business away from locally based MainGate Inc., a national player in its own right.

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Lids falters in expansion beyond headgear

January 8, 2015

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.

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