SportChek Comps Soar in First Quarter
SportChek and Canadian Tire’s other sports banners saw revenues grow 3% in the first quarter to C$408.8 million ($322.9 mm) from C$396.7 million, with a +10.2% comp more than offsetting 22 fewer doors open than a year ago. CTC closed its Ontario-based National Sports banner last year, because it was overlapping with the retailers other locations. Sales were boosted by the resumption of team sports, and fewer pandemic-related restrictions than last year. Top performing categories were hockey, outerwear and casual apparel. Canadian Tire, which also sells quite a bit of sports and outdoor gear, saw revenues jump 13% to ... Log in to view full article.