Slow winter sports sales during a warm January contribute to slumping sales.
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Retailer Sport Chalet announced today that it has amended its credit agreement, adding more than 20 percent and an additional 10-million dollars to its line.
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Sports Chalet announced that its third quarter of FY09 ended Dec. 28, 2008 declined 10.3% to $104.6 million compared to $116.6 million last year.
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Sport Chalet announced that its board of directors is evaluating strategic alternatives to maximize shareholder value. The board has retained Wedbush Morgan Securities as its financial adviser in this process.
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Sales decreased 1.1% to $96.8 million for the fourth quarter of fiscal 2008 from $97.8 million for the fourth quarter of 2007.
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