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Hat World Buys Sports Fan-Attic
 The Indianapolis Business Journal reports that Hat World, Inc. has acquired Sports Fan-Attic and its 37 stores.
Tampa-based Sports Fan-Attic Inc. operates stores in seven southern states and last year posted revenue of about $30 million.
Executives at Hat World and its parent company, Nashville, Tenn.-based Genesco Inc., see the potential to grow the concept into a nationwide powerhouse, both with new stores and by acquiring other regional players in the fragmented market.
The company likely was gearing up for such a move earlier this year when it acquired two companies that produce and market team uniforms and apparel, Wisconsin-based Impact Sports Inc. and Minnesota-based Great Plains Sports.
Hat World owns both the Lids and Hat World brands and is a subsidiary of Genesco Inc. Genesco CEO Robert J. Dennis said in a statement that the company's ambition is to build a national chain out of Sports Fan-Attic like they did with the sports hat stores.
Posted on November 9, 2009
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