Action sports retailer West 49 reports holiday sales
14 Jan '08
3 min read
Mr. Baio continued: "We also continue to be challenged at Off The Wall as we transition the banner to its new merchandising strategy. While this transition has negatively impacted our top line, we are confident that when completed Off The Wall will bolster our consolidated comparable store sales."
For the fourth quarter-to-date, or the nine week period ended December 29, 2007, sales increased 0.2% to $51.8 million from $51.7 million for the same period last year. Quarter-to-date consolidated comparable store sales declined 5.1% compared to the year before, with the West 49 banner's comparable store sales declining by 2.1%.
Excluding Ontario, the West 49 banner posted comparable store sales growth of 3.7% compared to the same nine week period a year earlier. For reference purposes, the Company achieved comparable stores sales increases of 9.4% on a consolidated basis and 11.0% for the West 49 banner for the corresponding nine week period a year ago.