Indianapolis -- The Finish Line reported Thursday that net income for the quarter ended Aug. 27 rose 24% to $20.9 million, compared with $16.8 million in the year-ago period. Sales rose 10% to $331.5 million, beating Wall Street’s expectations of $321.9 million, and same-store sales surged 11%. On Sept. 1, Finish Line acquired an 18-store chain of specialty running shops for $8.5 million. The stores operate in eight states under banners such as Greater Boston Running Co., Texas Running Co., Georgetown Running Co., Princeton Running Co., New York Running Co. and others. "Our recent acquisition within specialty running represents
The Finish Line has invested $8.5 million to acquire an 18-store chain of specialty running shops with locations in eight states.
Indianapolis -- Finish Line said Monday that the president of its e-commerce division will retire. Don Courtney will depart following a transition period, remaining in his current role during the retailer’s search for his successor. “E-commerce is a growing and vital part of our business,” said Finish Line chairman and CEO Glenn Lyon. “Don led the development of our website from its inception and he and his team have innovated and helped e-commerce become one of the fastest-growing and important parts of our business.” Courtney was named to his current position in 2009.