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By Alexandra Mondalek
January 7, 2016
Trong Nguyen—Shutterstock

Finish Line’s 2015 year-end results suggest the company should maybe think about starting its race over with a leaner business approach.

Same-store sales at the Finish Line fell nearly 6% in the fiscal third quarter ending on Nov. 28. Though sales rebound somewhat in December, the athletic apparel retailer and staple mall tenant just announced that it will be closing up to 150 of its stores, or about 25% of locations, over the next four years, according to the Wall Street Journal.

Finish Line’s newest problem set isn’t caused entirely by a lack of shoppers, but more likely a lack of inventory. Despite publicizing major discounts to consumers for up to 50% off merchandise, the company said in a statement that supply-chain issues (think warehouse, inventory, and shipping) caused Finish Line to lose out on $32 million in sales.

As recently as October, Finish Line announced it would open fewer stores to improve sales. Instead of simply decreasing the rate of expansion, Finish Line is now taking steps to decrease the actual number of operating locations. It’s also bringing on a new CEO in February to turn the sales slump around.

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The purpose of this disclosure is to explain how we make money without charging you for our content.

Our mission is to help people at any stage of life make smart financial decisions through research, reporting, reviews, recommendations, and tools.

Earning your trust is essential to our success, and we believe transparency is critical to creating that trust. To that end, you should know that many or all of the companies featured here are partners who advertise with us.

Our content is free because our partners pay us a referral fee if you click on links or call any of the phone numbers on our site. If you choose to interact with the content on our site, we will likely receive compensation. If you don't, we will not be compensated. Ultimately the choice is yours.

Opinions are our own and our editors and staff writers are instructed to maintain editorial integrity, but compensation along with in-depth research will determine where, how, and in what order they appear on the page.

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