Finish Line exploring alternatives for its specialty banner

It’s official: The Finish Line considering selling its specialty running store chain.



The company announced that it is currently exploring strategic alternatives for its JackRabbit division (previously known as Running Specialty Group). The segment includes 70 specialty running stores in 17 states, such as Brooks, ASICS and Hoka One One.



Finish Line said that while the alternatives could include a potential sale of JackRabbit, there is no definitive timeline or assurance that a sale will occur.



The retailer said it expects to record a non-cash goodwill impairment charge in its third quarter of approximately $44 million as a result of the exploration of the alternatives.