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Sport Chalet shows signs of improvement

By Tiffany Montgomery
November 09, 2011 1:23 PM

Industry customer Sport Chalet continues to show signs of improvement and posted a profit for its second quarter ended Oct. 2.

 

The retailer said this afternoon that same store sales increased 3.1% in the quarter, while total sales declined 0.9% to $88 million. Sport Chalet said the net sales decline was due to a calendar shift.

 

Online sales rose 18%.

 

Net income reached $0.6 million compared with a loss of $0.5 million in the same period last year.

 

Gross margin improved to 29.2% vs. 28.2% due to a decrease in markdowns.

 

The company said it had used $43.6 million of its $59.9 million credit facility, leaving Sport Chalet with $16.3 million in availability.

 

Sport Chalet operates 54 stores.

 

 

 


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