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Lids (store)

Hat World, Inc. (doing business as Lids Sports Group) is an American retailer specializing in athletic headwear. It primarily operates under the Lids brand with stores in the U.S., Puerto Rico, Canada, Australia, France, Germany, and the United Kingdom plus various websites. The majority of the stores operate in shopping malls and factory outlet centers.[1][2]

History

Lids Corp. was founded in Boston by Douglass Karp (son of real estate developer Stephen R. Karp) and Ben Fischman (son of real estate developer Steven Fischman) in 1993.[3][4] Hat World, Inc. was founded in 1995 by George Berger, Glenn Campbell and Scott Molander, with its headquarters office in Sioux Falls, SD. Hat World's first store opened on November 3, 1995, in the Tippecanoe Mall in Lafayette, Indiana.[5] The second store opened at Muncie Mall in Muncie, Indiana. The company's operations and warehouse were located in Indianapolis. The administrative headquarters was later moved from Sioux Falls to Indianapolis. The original Lids Corp. filed for bankruptcy protection in 2001 and certain Lids stores, the tradename/trademark and other assets were acquired by Hat World, Inc., which subsequently changed its store names from "Hat World" to "Lids."

Hat World, Inc. (dba the new "Lids") was acquired in April 2004 by footwear retailer Genesco Inc.[6] In 2019 Genesco sold Hat World/Lids to a joint venture between Ames Watson, LLC and Fanatics, Inc.[7] Also in 2019, rapper Meek Mill acquired an ownership stake.[8] In 2019 Lids acquired Fanzz.

In 2024, Fanatics became the majority owner of Lids Holdings.

External links

References

  1. Lids - Company Information retrieved 2009-01-14^
  2. Genesco Inc. - Lids retrieved 2009-01-14^
  3. Jim Lilliefors. Ball Cap Nation: A Journey Through the World of America's National Hat Clerisy Press, September 1, 2009^
  4. Jason Schwartz. It's Much, Much More Than Just a Hat Boston Magazine, Boston Magazine, March 23, 2009^
  5. John Ketzenberger. 2004 Top Stories & Newsmakers: Outside companies snag high-profile loals Indianapolis Business Journal, 27 December 2004^
  6. Genesco Completes Hat Shack, Inc. Acquisition Genesco Inc., 2004-04-02, retrieved 2009-01-14^
  7. Ames Watson acquires Lids Sports Group retrieved 2020-01-07^
  8. Meek Mill Becomes Co-Owner of Lids | SGB Media Online 26 June 2019^