Lids Sports Group leaving Zionsville HQ for smaller office space
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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Collegiate sports gear focus of new stores launched by Lids
A Lids University store selling apparel associated with Indiana schools is planned for Castleton Square mall.
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Insurance company acquires former Lids HQ in Zionsville for $18.25M
Group One Thousand One LLC, an Indianapolis-based insurance holding company, announced plans Tuesday to expand local operations into the Zionsville building beginning next year.
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Articles
Genesco still seeking buyer for Lids amid declining sales
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.
Lids Sports Group’s future growing cloudier by the day
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.
Lids, other baseball cap sellers about to feel impact of tariffs
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.
Big quarterly loss by Lids sends Genesco’s stock reeling
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.
Is fast-growing rival of Lids frontrunner to buy chain?
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.
Activist investor group not happy about possible Lids sale
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.
Lids’ poor performance leads parent firm to cut outlook
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.
Stock skids at Lids’ parent firm after company whacks outlook
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.
Lids embraces digital revolution, adapts to shifting shopping habits
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.
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.
Here’s how Cubs championship hats get to stores so fast
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.
Stock swoons at Lids’ parent after company cuts outlook
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.
Former Logo Athletic president named CEO of Lids
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.
Lids Sports Group narrows focus after profit evaporates
The Zionsville-based retailer continued to grow but saw profit plummet after it moved beyond its core business of selling sports caps.
Longtime Lids Sports Group President Kocher steps down
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.
Lids co-founder leaving as part of sale of sports-uniform division
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.
Lids lands Colts deal as it aims for big splash in team business
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.
Lids falters in expansion beyond headgear
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.
Zionsville panel OKs Hat World land deal for HQ
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.