Footwear sales boost Forzani's financial results

19/09/2006

Canada
's largest retailer of sporting goods The Forzani Group Ltd. has reported strong sales and margins for the six-week period ended September 10. Sales for the period increased 7% compared with the same period last year. Exclusive of the impact of the current year addition of The Fitness Source, retail system sales were up 5.8%.

Same store sales for the six-week period increased 4.3% compared with a 5% increase the previous year. Corporate same store sales were up 2.3% compared with a 4.7% increase in the prior year period, with footwear sales outpacing hardgoods and apparel.