Finish Line Stumbles, See Modest Holiday Quarter
Posted on January 04, 2013 at 11:00 AM EST
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