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Article Date: February 2021
Word Count: 326

SportChek Revenues Drop in Q4

Sales at Canadian Tire’s main sporting goods banner declined 2% to C$604.8 million ($464.2 mm) from C$619.4 million in the final quarter and comps dropped 3.0%. Strong early Holiday sales sent comps up 5.7% through Nov., but that momentum faded when some stores were forced to close again to combat the second Covid wave. Outdoor activities including hiking, biking, skiing, outerwear and accessories performed best, growing double digits. But hockey, licensed apparel and team sports sales were weak. E-commerce sales remained solid throughout, however, growing 90% from Q4’19. Sales per square foot fell to $277 from $305, and SportChek closed ... Log in to view full article.


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