Sponsors
Billabong ▲ +0.002 | PPR ▲ +1.55 | American Apparel ▲ +0.001 | The Buckle ▲ +0.41 | Columbia ▲ +0.28 | Deckers Outdoor ▼ -0.79 | Dicks ▲ +1.05 | Foot Locker ▲ +0.17 | Genesco ▼ -0.28 | Iconix Brand Group ▼ -0.09 | Jarden Corp ▼ -0.89 | Nordstrom ▲ +1.07 | Luxottica ▼ -0.09 | Nike ▼ -0.25 | Pacific Sunwear ▼ -0.02 | Skullcandy ▼ -0.35 | Sport Chalet ▼ -0.05 | Urban Outfitters ▲ +0.07 | VF Corp ▲ +0.52 | Quiksilver ▼ -0.15 | Zumiez ▼ -0.03 | Macys ▲ +0.60 | Tillys ▼ -0.16 |
Ticker Sponsor
Readers Say
It pertains to my business
It pertains to my business

I’m an avid reader of Shop-Eat-Surf because it’s really the only online newsletter that I have found that is not only industry related, but also because it’s not so “guy-centric.” I find that a lot of the information I read on the site pertains to my business (as a swimwear designer) and keeps me up to date on what other companies and other women in the industry in general are doing which is not only inspiring but also helps me gauge the future direction of my business as well.

I feel privileged to read the Executive Edition because I know I am getting insider industry information before it hits the mainstream media channels. And it’s always good to know what my friends are up to in the industry.

- By Monica Wise, Founder, L*Space
Executive Edition rules
Executive Edition rules

“Shop-Eat-Surf” is now officially, the first stop in the morning for industry news. Accurate reporting, no sensationalism, and just the facts. Refreshing support to an incredible industry with a very bright future. Tiffany has cemented her role in the industry....the site is thought provoking, and inspirational. Learning the stories of others is incredibly useful. Great way to connect the retail community with the wholesale and financial, instantly and nationwide. ... And the Executive Edition rules.

- By Bob Hurley, Chairman, Hurley International
New Industry Insight

Shorebreak Hotel as a venue for industry events. Cinematographer Louie Schwartzberg's "Moving Art Retreat" in June at Turtle Bay Resort. Details on Industry Insight.


Tiffany Montgomery
Print This Article

Sport Chek parent reports Q3 results

A skate shoe wall at Sport
A skate shoe wall at Sport Chek in Canada
By Tiffany Montgomery
December 11, 2009 9:59 AM

Another important Canadian retail customer that is increasingly getting into the action sports game reported third quarter earnings yesterday.

The Forzani Group has 350 corporate and 218 franchise sporting goods stores under 15 banners including Sport Chek and Coast Mountain Sports. When I was in Canada this summer, I saw a large selection of skate shoes at a Sport Chek in Vancouver, apparel from brands such as O’Neill and Split and accessories from Oakley and others. The company’s S3 (surf, skate, snow) chain in Quebec also carries many industry brands.

The company reported a strong increase in third quarter profits and an increase in total sales and same-store sales, but said unseasonably warm weather and consumer caution has thus far dampened fourth quarter sales.

Third quarter highlights

Total revenue: up 5% to Canadian $381.1 million vs. the same period last year

Same-store sales: up 2.3% (corporate and franchise stores)

Gross margin: 34.4% vs. 33.3%

Net income: $11.4 million vs. $6.6 million

Fourth quarter update

Forzani said the fourth quarter will be “challenging” because of warm weather early in the quarter and consumer caution. In the first five weeks of the quarter, same-store sales at corporate stores fell 8.6%.

 


Articles You Might Have Missed