The Forzani Group Ltd./Le Groupe Forzani Ltee
TSX : FGL

The Forzani Group Ltd./Le Groupe Forzani Ltee

September 28, 2007 09:15 ET

Forzani's Reports 'Back to School'

CALGARY, ALBERTA--(Marketwire - Sept. 28, 2007) - The Forzani Group Ltd. (TSX:FGL) today reported improved sales and flat margins for the fiscal 2008 "Back to School" selling season. Retail system sales for the seven-week period ended September 16, 2007 increased 4.9% over the same period last year.

Overall same store sales for the seven-week period increased 1.5% (fiscal 2007 increase of 4.0%). Corporate same store sales were flat, against an increase of 1.8% in the prior year. Softgoods sales outpaced hardgoods and footwear. Franchise stores continued their trend of the first half of the year as same store sales increased 5.4% (fiscal 2007 increase of 9.2%) for the seven-week period.

The Forzani Group Ltd. is Canada's largest national retailer of sporting goods, offering a comprehensive assortment of brand-name and private-brand products, operating stores from coast to coast, under the corporate banners: Sport Chek, Coast Mountain Sports, Sport Mart, National Sports and Hockey Experts. The Forzani Group is also a franchisor under the banners: Sports Experts, Intersport, RnR, Econosports, Atmosphere, Pegasus, Tech Shop, Nevada Bob's Golf, Hockey Experts and The Fitness Source. The Company also has websites for several of its corporate and franchise banners which can be accessed through its main website at www.forzanigroup.com.

The foregoing information may contain forward-looking statements relating to the future performance of The Forzani Group Ltd. Forward-looking statements, specifically those concerning future performance, are subject to certain risks and uncertainties, and actual results may differ materially. The Company, with the appropriate securities commissions, details these risks and uncertainties from time to time.

Contact Information

  • The Forzani Group Ltd.
    Robert Sartor, C.A.
    Chief Executive Officer
    (403) 717-1342
    or
    The Forzani Group Ltd.
    Bill Gregson, C.A.
    President & Chief Operating Officer
    (403) 717-1386
    Website: www.forzanigroup.com