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Article Date: January 2018
Word Count: 523

Lids Soft on Weak NFL, Tough MLB Comps

Giving more detail on its early release of Holiday comps to the ICR conference, Genesco said the -14% comp at Lids was about two-thirds the result of a weak market for NFL licensed products combined with comping up against the Cubs World Series win last year. It had expected MLB comps to be tough, but the weakness in NFL merchandise remains a concern. Among other things, it has “put the brakes on” for the Locker Room business for now which is heavily dependent on NFL sales, noting that it is seeing signs of consolidation in the market with some approaches ... Log in to view full article.


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