Sport Chalet is being acquired by a company that owns Eastern Mountain Sports and Bob's Stores. Sport Chalet, with 50 stores in the U.S. western states of California, Nevada, Utah and Arizona, announced it was looking for potential partnerships and/or investors last year as the retailer set to expand its technological strategies. Under the agreement, Sport Chalet will keep its stores open and keep its name. Sport Chalet CEO Craig Levra will continue to manage the business out of Los Angeles, the companies said.
4:14 PM MT—Sport Chalet on Wednesday reported its first profitable fiscal first quarter in five years as same-store and online sales showed improvement for the period ended July 1. Net income eked over into the black at $100,000, compared with a loss of $800,000 a year earlier. Comparable-store sales rose 2.9 percent, online sales gained 7 percent and team sales rose 12.5 percent, but these gains were offset by the closure of a store that contributed $1.7 million in sales in the year-ago period, the company reported. Although small, the first-quarter profit comes on the heels of a $3.8