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SPORTMART BOWS OUT OF CANADA

Sportmart Inc. of Illinois will close its 11 Canadian stores in 12 to 16 weeks citing over-saturation of the market and disappointing results throughout 1996. Inventory clearance sales began last weekend. Canadian advertising for the chain was done by Cramer Krasselt of Chicago. Sportmart has seven stores in the Toronto area, two outlets in Vancouver and one each in Calgary and Edmonton. The B.C. and Alberta stores operate under the name SportDepot.

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