Nashville, Tenn. Genesco announced that its Hat World subsidiary has completed the acquisition of the assets of Sports Fan-Attic, a Tampa, Fla.-based retailer of licensed sports headwear, apparel, accessories, and novelties. Sports Fan-Attic operates 37 stores in seven states, and had revenues of approximately $30 million for the 12 months ended Sep. 30. Terms of the acquisition were not disclosed.
“We are excited to see Hat World add this new platform, which provides an additional opportunity for growth, both through organic new store growth and through future acquisitions of regional players in this highly fragmented market. Our ambition is to build a national chain with the same scale-based advantages that Hat World enjoys today, and we look forward to working with the Sports Fan-Attic leadership team to achieve this goal,” said Genesco president and CEO Robert J. Dennis.