May 24, 2013
Finish Line (NASDAQ: FINL) sells footwear and sporting goods in malls throughout the United States. Its 667 stores in 47 states are branded Finish Line and sell footwear and athletic gear.[1]
The growth of the company will depend on whether consumers continue to spend discretionary income in malls, and on the apparel that the Finish Line offers. The company is exposed to a hurting U.S. economy and the credit crunch, and its core customers are spending a greater percentage of their money on necessary goods such as gasoline and food. Finish Line claims 7.3% of market share in the athletic shoe retailing industry, mainly competes with Footlocker--the company that dominates over 30% of the industry's market share. The company also competes with sporting goods retailers such as Dick's Sporting Goods, Big 5, and The Sports Authority.
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