Group Created with Sketch.
Volume 24 No. 160
  • Created with Sketch.
  • Created with Sketch.
  • Created with Sketch.

SPORTS AUTHORITY SHARES DROP ON NEWS OF FLAT SALES

     The Sports Authority's Senior VP & CFO Richard Lynch said
yesterday that they project flat sales for the third quarter at
TSA's stores that have been open at least a year.  Shares of TSA
slid 12% on the news.  The "measure, known as same-store sales,
is a common indicator of retail activity," and Lynch said flat
sales are the result of a "generally weak retail environment and
a weak market for hunting and fishing products" (DOW JONES NEWS,
9/14).