Forzani reports slight rise in back-to-school sales
The Forzani Group (TSX: FGL) said consolidated same-store sales for the back-to-school period increased 0.1 percent compared to the same time last year.
Compared to last year, its corporate same-store sales were down 1.6 percent and its franchise same-store sales were up 3.8 percent for the seven weeks ended Sept. 20.
“These results suggest an improvement from the corporate results reported in our second quarter press release and were, for the most part, expected due to the later return to school in certain corporate markets,” said Bob Sartor, Forzani’s CEO, in a statement.
The Forzani Group is Canada’s largest national retailer of sporting goods with retail banners that include Sport Chek, Coast Mountain Sports, Sport Mart and The Fitness Source.
–Compiled by Wendy Geister
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