Finish Line Second-largest retailer of sneakers and athletic apparel.
3308 North Mitthoeffer Road
Indianapolis, IN 46235
CEO: Glenn Lyon
Stock Symbol: FINL
Finish Line, Inc. is a leading athletic retailer specializing in brand name footwear, apparel and accessories. The company currently operates 663 Finish Line stores in shopping malls in 47 states and online.
A typical Finish Line store stocks between 600 and 1,300 different kinds of athletic footwear, including basketball, running, walking, gym, aerobics, hiking, cross-training and skate shoes, not to mention cleats, casual shoes and sandals. Brands carried by Finish Line include Nike, adidas, Reebok, New Balance, And 1, Oakley, Puma, Airwalk, Converse, Fila, Lugz, Saucony, Timberland and Vans.
While sneakers are the main sellers at Finish Line, apparel and accessories generate about 20% of total revenue. It is the second-largest athletic retailer in terms of sales behind Foot Locker.
For fiscal 2011, total sales at the company were $1.23 billion, up 4.8%, and net income was $68.8 million. Comparable store sales increased 6.3%.
In October 1976 two childhood friends, Alan Cohen and David Klapper, opened the doors of Finish Line (then a franchise of the Athlete's Foot) in downtown Indianapolis, IN. They both saw a future in the fledgling athletic footwear business.
By 1981 the owners' vision had widened. For these two action-addicted individuals, the 10 franchises they owned were not enough. They were ready to expand beyond Indiana, but the Athlete's Foot franchise rights ended at the Indiana border. At this point they decided to start their own company called The Finish Line. Cohen and Klapper approached another childhood friend, Larry Sablosky, with a full partnership opportunity. Dave Fagin, a manufacturer's rep who had been selling product to Cohen and Klapper, was offered the same deal.
From the outset, Finish Line's niche was to sell brand name athletic shoes and clothing at a competitive price. By 1991 the company had grown to 105 stores located primarily in Midwestern and Southeastern states with an annual gross of nearly $100 million. Eyeing the future as a national retail chain, the foursome took the company public in 1992.
- Medical program with prescription drug plan
- Dental plan
- Vision discount program
- Flexible spending accounts
- Interim health sickness and accident plan
Life Insurance Coverage
- Basic life insurance programs
- Supplemental life insurance programs
- Dependent life insurance plans
Paid Time Off
- Paid vacation
- Paid holidays
- Sick/personal days
Employee Discounts and Contests
401 (k) Plan
Education Reimbursement Plan
Updated May 14, 2011