Home / Knowledge / News / Fashion / Action sports retailer West 49 reports holiday sales
Action sports retailer West 49 reports holiday sales
Jan '08
Canada's leading action sport retailer West 49 Inc reported sales results for its fiscal 2008 Holiday selling season. Net sales for the five week period ended December 29, 2007 decreased 0.3% to $36.0 million compared to $36.1 million for the corresponding period a year ago.

For the five week period, the Company's comparable store sales decreased 5.4% on a consolidated basis and decreased 3.9% at its core West 49 banner when compared to the Holiday selling season in the prior year.

Comparable store sales were negatively impacted by cross border shopping attributable to the strong appreciation in the Canadian dollar compared to the same period the year before. Excluding Ontario, the West 49 banner posted comparable store sales growth of 3.3% compared to the Holiday selling season the year before.

For reference purposes, the Company achieved exceptionally strong comparable stores sales increases of 9.4% on a consolidated basis and 12.4% for the West 49 banner for the Holiday selling season the prior year.

"As anticipated, cross border shopping and an especially challenging retail environment in Ontario continue to impact our top line in the fourth quarter," said Sam Baio, Chief Executive Officer of West 49 Inc.

"We are taking decisive actions to strengthen our business and adjust to the current environment in which we operate. We are working with our suppliers to ensure our costs more accurately reflect the stronger Canadian dollar. In fact, our merchandise purchases for the coming spring and summer seasons will benefit from the higher Canadian dollar. We remain confident that our strategy to relocate and expand many of our older West 49 stores in Ontario will improve their sales performance and help grow our market share."

Must ReadView All

Sri Lanka reduces VAT on imported fabric to 5%

Textiles | On 24th Sep 2018

Sri Lanka reduces VAT on imported fabric to 5%

Considering the requests made by the stakeholders in the fabric...

E-com firms in India to deduct 1% TCS under GST from Oct 1

Apparel/Garments | On 24th Sep 2018

E-com firms in India to deduct 1% TCS under GST from Oct 1

E-commerce companies in India will have to deduct 1 per cent tax...

Courtesy: Andritz

Textiles | On 24th Sep 2018

'Strength of economy, demographics drive nonwovens demand'

The strength of the economy and demographic trends are the main...

Interviews View All

C Kamatchisundaram, Voltas

C Kamatchisundaram

ITME is an occasion not only to receive new leads but also to work on...

Top executives, Textile industry

Top executives
Textile industry

The foremost issue is bridging the skill gap

Karel Williams, Dow Microbial Control

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Tom Adeyoola,

Tom Adeyoola

Describing itself as the best body shape and garment fit company in the...

Paolo Crespi,

Paolo Crespi

For.Tex is an Italy-based leading producer of dyes and thickeners, and is...

Mark Tokuhara,

Mark Tokuhara

Japan-based FitJoy, a shoe brand for women, has been in the footwear...

Matthew Kolmes, Supreme Corporation

Matthew Kolmes
Supreme Corporation

Supreme Corporation manufactures innovative specialty yarns and safety...

Pierre Wiertz, EDANA

Pierre Wiertz

EDANA, the international association serving the nonwovens and related...

Ayyappa Nagubandi, Broadcast Wearables Pvt Ltd

Ayyappa Nagubandi
Broadcast Wearables Pvt Ltd

Hyderabad-based Broadcast Wearables has come up with the country's first...

Amiben Shroff, Shrujan

Amiben Shroff

From its modest beginning in the late 1960s, Shrujan has grown into a...

Igor Chapurin, Chapurin

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Mike Hoffman, Gildan Activewear SRL

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

September 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category

Related Categories:

Advanced Search