SportChek Sales Fall in Second Quarter
Canadian Tire’s sporting goods banners—SportChek, Hockey Experts, Sports Experts and Atmosphere—saw sales decline 3% in the second quarter to C$461.0 million ($343.3 mm) from C$476.1 million, but comps inched up 0.1%. A more competitive marketplace caused the drop, as solid growth from lifestyle footwear and team sports was offset by declines in athletic apparel and outerwear. Store count was 370, down six locations from last year. At Canadian Tire, which also sells ... Log in to view full article.