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Home > Company Index > Retail > Clothing, Shoe & Accessory Retailing > Lids Corp.

Lids Corp.
 PROFILE
The kids at Lids dived into business headfirst. The hat retailer was the brainchild of Ben Fischman and Douglass Karp, who were 20 and 17, respectively, when they launched Lids in 1992 as a kiosk in a Massachusetts mall. The typical Lids store grew to offer about 5,000 hats, mostly baseball-style caps licensed by the NFL, the NBA, and others. Lids also sold brand-name hats from Nike, Kangol, and adidas, among others. Lids operated more than 400 stores in nearly 50 states but rapid expansion lead the company to file for bankruptcy protection. Halpern, Denny & Co. was among the venture capital firms that fueled Lids' growth. Rival Hat World bought the company and continued to run the stores under the Lids banner.

 COMPETITION
Hat World (dossier)
The Sports Authority, Inc. (TSA)
Venator Group, Inc. (Z)

 FINANCIAL OVERVIEW
Fiscal Year-End: December
1999 Sales (mil.): 150.00
1-Yr. Sales Growth: 11.1%

 KEY PEOPLE
• Nancy Babine-Kucinski
    CEO
• John Doyle
    CFO

 CONTACT INFO
60 Glacier Dr.
Westwood, MA 02090
US
Phone: 781-326-9400
Fax: 781-326-1661
Online: Web Site

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