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Article Date: May 2024
Word Count: 174

SportChek Sales Stumble in Q1


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.

 

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