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Sport Chalet continues turnaround efforts amid Q1 results
LOS ANGELES — Sporting goods retailer Sport Chalet swung to a loss in the first quarter, as it continues turnaround efforts that include a new store concept, closing under-performing stores and reducing staff.
The company generated a loss of $2.8 million for the quarter, compared with a profit of $100,000 in the year-ago period. Sales dipped 2.8% to $81.5 million from $83.8 million, and same-store sales dropped 0.7%.
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Tuesday Morning says goodnight to e-commerce
Dallas -- Tuesday Morning Corp. is ceasing e-commerce operations to focus on providing in-store assortments. A statement on the retailer’s website says that due to the nature of its closeout business, it will no longer sell items online but instead focus on the quality and price of assortments in its stores.