Comparable sales across all of the company's retail banners, a retail industry measurement of sales within an existing store network without the effect of opening and closing stores, increased by 19.3 per cent for the three months ended
The Mark's retail chain, which sells casual and industrial apparel, led the way with a 22 per cent uptick in comparable sales growth, while
"Our multi-category assortment across all banners continues to prove integral to meeting the demand for products in backyard living, outdoor activities and home projects," chief executive officer
"With an early start to spring in many parts of
While many bike retailers have struggled to obtain inventory, the retailer was well positioned to benefit from surging demand for bicycles, he said.
"Our ability to reliably source stock and assemble bikes puts them within easy reach of customers," Hicks said. "This is proving to be a differentiator for us in the market."
The company's cycling categories at
The
Revenue for the quarter was
The company's financial results were better than many analysts had predicted.
Due to COVID-19 restrictions, only 40 per cent of
Yet the demand for outdoor gear, automotive products and home improvement items continued.
"With the early arrival of spring we saw record sales in cycling as well as strong demand for fitness-related categories such as athletic footwear and kids apparel," chief financial officer
"More than 60 per cent of the dealer shipment growth was to support spring and summer outdoor activities with products such as patio furniture, inflatable pools, barbecues and bikes."
This report by
Companies in this story: (TSX:CTC, TSX:CTC.A)
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