Bob Wallace Steps into Senior Advisory Role at Running Specialty Group
Respected running community authority to provide counsel on company’s strategic initiatives
DENVER--(BUSINESS WIRE)--The Running Specialty Group (RSG), part of The Finish Line, Inc. (NASDAQ: FINL) organization, announced the appointment of Bob Wallace as Senior Advisor, Strategic Initiatives. Wallace will serve as a key counselor utilizing his vast knowledge of the running business to strategically plan and integrate growth opportunities surrounding industry trends while focusing on attaining operational excellence and being an ambassador to the running community.
“Bob is truly an authority in this segment of specialty retail and I look forward to working closely with him in this new role”
“Bob is truly an authority in this segment of specialty retail and I look forward to working closely with him in this new role,” said Bill Kirkendall, Running Specialty Group president. Wallace founded the premier retail chain RunOn! which was acquired by RSG in 2012. “We have been fortunate to bring this wealth of experience into our business. With Bob now at the helm of our strategic ventures, we’ll incorporate his expertise in building community initiatives throughout all of our banners to boost the overall customer experience and further position RSG as the everyday runner’s prime resource.”
Wallace entered the specialty running business in 1995, turning his passion for running into a career. Over the past two decades, Wallace has operated under the philosophy that the best people to serve the running community are runners themselves – who can add value through first-hand experiences when prescribing the correct footwear, apparel and technology to customers. Wallace received a Bachelor’s Degree in Business Administration from the University of Texas at El Paso, where he was also active with the school’s track and cross country teams.
About Running Specialty Group
The Running Specialty Group (RSG) is an operating segment of The Finish Line, Inc. (NASDAQ: FINL). This includes 59 specialty running shops in 12 states and the District of Columbia under The Running Company, Run On!, Blue Mile, Boulder Running Company, Roncker’s Running Spot, Running Fit and VA Runner banners. More information, including the particular states in which stores are located, is available at www.run.com. Follow RSG on Twitter at twitter.com/Run_Dot_Com and “like” RSG on Facebook at facebook.com/Run.com.
This news release includes statements that are or may be considered “forward-looking” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements generally can be identified by the use of words or phrases such as “believe,” “expect,” “anticipate,” “intend,” “plan,” “foresee,” “may,” “should,” “will,” “estimates,” “outlook,” “potential,” “optimistic,” “confidence,” “continue,” “evolve,” “expand,” “growth” or words and phrases of similar meaning. Statements that describe objectives, plans or goals also are forward-looking statements.
All of these forward-looking statements are subject to risks, management assumptions and uncertainties that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. The principal risk factors that could cause actual performance and future actions to differ materially from the forward-looking statements include, but are not limited to, the company’s reliance on a few key vendors for a majority of its merchandise purchases (including a significant portion from one key vendor); the availability and timely receipt of products; the ability to timely fulfill and ship products to customers; fluctuations in oil prices causing changes in gasoline and energy prices, resulting in changes in consumer spending as well as increases in utility, freight and product costs; product demand and market acceptance risks; deterioration of macro-economic and business conditions; the inability to locate and obtain or retain acceptable lease terms for the company’s stores; the effect of competitive products and pricing; loss of key employees; execution of strategic growth initiatives (including actual and potential mergers and acquisitions and other components of the company’s capital allocation strategy); and the other risks detailed in the company’s Securities and Exchange Commission filings. Readers are urged to consider these factors carefully in evaluating the forward-looking statements. The forward-looking statements included herein are made only as of the date of this report and Finish Line undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.