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Something you might be interested in about Finish Line ...
Finish Line is the ultimate fitness apparel store and will be your one-stop shop.
All about Finish Line
Finish Line is a retail store focused on athletic and sportwear. They carry items like athletic shoes, clothing to do all kinds of exercise, and accessories you might want to practice your favorite sport.
Finish Line stores carry all the different national and international brands like Adidas, Nike, Jordan, Polo, Timberland, Puma, Converse, and a lot more. Since they are not the brand themselves, they have a lot more leeway with the prices they decide on, which is great news for you. Finish Line online deals are abundant, so have a look through the catalog.
You can find your local Finish Line location by checking on their official website. They operate both stand-alone locations as well as sell their merchandise at Macy's department stores in the athletic footwear department.
The history of Finish Line
Finish Line was founded by Alan Cohen, John Dormant and David Klapper. The three were friends who were united by their love of running. They thought they had a brilliant idea to sell shoes for athletes - and then found out their idea already existed. That shop was called The Athlete's Foot, and the three bought franchise rights for the store.
They continued expanding The Athlete's Foot until there were no more franchise rights to buy. That's when they opened ther own competing brand - the Finish Line, which opened in 1982. By 1986, the Finish Line was so successful that all The Athlete's Foot stores were converted into Finish Line locations instead.
The Finish Line plans to close 150 stores
At the beginning of 2016, the Finish Line announced its plans to close as much as a quarter of its locations, or 150 stores. The plan is to start the closures over the next four years. The stores that will be cut are the ones that just aren' tmaking as much money as the average shop.
So what's going on with these stores? A lot of it is due to the rise of online shopping. Lots of retailers are moving out of malls and focusing their effort online. That means stores with sluggish sales might be quick to shut down.
Even though the plan is to close about a quarter of their stores, those stores' sales only add up to about 8% of their total sales for the year. Their CFO says they expect to make the money back at other locations or from their online site.