The Finish Line, Inc. announced that Nancy Hannibal, Vice President of Apparel, will be assuming the new position of Consultant for Apparel Strategic Planning. As a result, Glenn Lyon, Executive Vice President of Merchandising and Marketing, will assume daily responsibilities for the apparel group effective immediately.
The Company does not anticipate that this change in management will affect its expected growth in apparel. Finish Line’s apparel business continues to accelerate and the Company foresees this trend continuing throughout the remainder of the fiscal year. Primarily, licensed products have fueled the apparel growth trend. Initiatives in the Company’s branded and private brand segments provide further encouragement that these segments will complement the gains in the licensed category.
“I want to personally thank Nancy for her tremendous effort and vision in creating a private label business for Finish Line. I fully support her decision to focus more on family matters at this time,” stated Glenn Lyon. The Company stated that Ms. Hannibal was shifting her responsibilities for personal reasons.
