Forzani Group, the parent company of Canada’s big box sporting goods store Sport Chek has reportedly been purchased by Canadian Tire Corp., according to a story on Bloomberg.
When we first saw this story this morning, we couldn’t have cared less about it, but after a few emails it became apparent that action brands who depend on mainstream, big-box sales to keep them rolling actually care about this stuff.
Canadian Tire, which has more than 1,200 retail and gasoline outlets, already sells bicycles and other sporting goods, as well as home items. The acquisition gives Canadian Tire Chief Executive Officer Stephen Wetmore stores under the Sport Chek and National Sports brands.
It’s nice to know that this is the last time we’ll have to mention either of these blown-out mainstream retail establishments. Good riddance.
[Link: Bloomberg]
Canadian Tire… like this post says.. has bought all the stores that are under the Forazani Group umbrella… there are “skate” shops that were under the umbrella. But as we all might know.. they are mall stores and / or power centre outlets. The reason why some of companies in the industry did not take this story as a grain of salt.. is because stores like S3 (the forzani action sports store) sells skateboards and snowbaords
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