Finish Line Stumbles, See Modest Holiday Quarter
Athletic shoe and apparel retailer Finish Line (FINL) stumbled in the third quarter, with break-even earnings and sales that were well shy the company's own targets. Management blamed a rocky rollout of a new e-commerce platform and a shift in consumer trends that it didn't see coming. "Our top-line performance forced us to get more promotional to improve the composition of our inventory ahead of the important holiday season," CEO Glenn Lyon said
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