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Finish Line Slips as Genesco Battle Boils

INDIANAPOLIS-Following its reported $1.8-million Q2 loss, Finish Line files an answer to the Genesco lawsuit and seeks a court judgment on the matter.

By Marita Thomas | Updated on September 30, 2007

INDIANAPOLIS-The Finish Line Inc. reported a net loss of $1.8 million for the quarter ended Sept. 1, compared with net income of $9.9 million for the quarter ended Aug. 26, 2006. This year’s second-quarter loss included a pre-tax charge of $13 million related to its earlier closure of the company’s 15 Paiva stores.

Comp-store sales for the locally based retailer dropped 4.8% in second quarter. However, net sales rose 1.3% to $343 million, compared with $338.6 million for the year-ago quarter.

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