FORZANI GROUP TO ACQUIRE SPORT MART
By Adnews Staff
Calgary-based national sporting goods retailer The Forzani Group plans to buy independent regional chain Sport Mart Inc. of Kamloops, BC. Financial details of the acquisition, expected to close in August, were not disclosed. Sport Mart operates 36 stores in British Columbia, Alberta, Saskatchewan, Manitoba and Ontario. Forzani will retain the Sport Mart banner, re-branding ten of its Save on Sports stores as Sport Mart. The division will be headed by Sport Mart's current president Kevin Jardine. An eleventh Save On Sports location in Kelowna, BC will close due to a conflict with an existing Sport Mart location. Forzani Group's Save on Sports chain opened last fall, carrying sporting goods, leisure apparel and athletic footwear in the mid to low price range.