La Canada-based Sport Chalet’s opens its 52nd location at the newly completed 50,500 square foot store on Olympic Boulevard in West L.A. The company has been in expansion mode for the past 18 months, opening seven new stores in its last fiscal year which ended Mar. 30. While revenues grew 30 percent in the year, profitability was hindered by costs associated with advertising all those new stores and a major company-wide technology upgrade. Earlier this month, Sport Chalet announced an exclusive 3-year sponsorship agreement with the Lakers. Beginning in the 2008-2009 season, Sport Chalet will be known as the “Official Sporting Goods Retailer of the Los Angeles Lakers.” Shares in Sport Chalet closed at $4.60.
Sport Chalet Opens 52nd Store