Canadian Tire’s sports banners posted 8% lower sales of C$387.7 million ($287.2 mm) in the first quarter, down from C$420.8 million, including a 6.5% same store sales decline. The falling sales were driven by soft consumer demand in skiing/snowboards, outerwear, and athletic apparel, though team sports and footwear posted a strong performance. CTC’s sports business includes SportChek, Sports Experts, Atmosphere, Sports Rousseau and Hockey Experts.

Revenues at the core Canadian Tire banner, which also sells sporting goods and outdoor ... Log in to view full article.