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Article Date: September 2018
Word Count: 463

Genesco Thinking on Lids Sale Cites Structural Changes in Licensed

The possible sale of Lids was initiated in large measure because the category has consolidated to itself as the dominant omni-channel player and Fanatics as the dominant online player, with most of the independents now vanishing and major retailers like Foot Locker that had been participants pulling back. Genesco went on to tell the C.L. King investor conference that there might be some strategic advantages to having Lids owned by a “more vertical” player in the category. There is a long list of possible companies GCO could be referencing, including Fanatics. There is also Fanatics and Fanatics also comes to ... Log in to view full article.


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