Sports Chalet Inc. anticipates opening three to four new stores during calendar 2008, the Southern California-based retailer said. The new stores will be focused on adding density to current markets, namely California and Arizona.
In addition to its store opening plan, the company will also complete the relocation of its flagship La Canada Flintridge store in the second half of calendar 2008. As previously announced, the company is relocating four small specialty stores which previously served the La Canada Flintridge market into a single, 45,000-square-foot store in the La Canada Flintridge Town Center.
Craig Levra, Chairman and CEO, stated, “Our store expansion program will remain focused on existing markets in calendar 2008 as we continue our efforts to increase market density. As we implement our store opening plans this year, we are mindful of the macroeconomic outlook and are taking a thoughtful, strategic approach to our expansion as we do with all areas of our business. Our store openings in California and Arizona are continuing to strengthen our position in important markets while allowing us to further leverage our existing infrastructure and marketing initiatives.
“In addition to our planned store openings, we are excited about the relocation and opening of a new full line store in our home market of La Canada Flintridge this year. This Southern California location has grown with us since the opening of our first store here in 1959 and we are delighted to be a part of the city's ongoing improvement.”
