SportChek Grows in Q2, while Helly Hensen Exits Russia
Second quarter revenues increased 5% to C$476.1 million ($373.1 mm) from $453.4 million in the second quarter at SportChek and Canadian Tire’s other sporting goods banners, including 4.1% comparable sales growth. Results were especially impressive lapping last years +28.6% comp. The business benefitted from a return to organized team sports north of the border, with team sports, licensed clothing and hockey the top performing categories. The Canadian Tire banner grew 2% to $2,420.7 million from $2,368.4 million, which includes quite a bit of sporting ... Log in to view full article.