Finish Line Closing Up to 20 Stores

Finish Line (Indianapolis) announced it plans to close between 15 and 20 of its brick-and-mortar stores this year, reports Retail Dive. In fiscal 2017, the company closed 24 underperforming stores and 78 total in the past 24 months.

The announcement comes as the company announced the results of its latest quarterly earnings, which were below expectations. In its fourth quarter, the company’s same-store sales fell 4.5 percent and generated a loss of $9.47 million as compared to the same quarter last year.

Those lackluster sales are being attributed, in part, to discounts the retailer had to make to move merchandise over that period.