Third quarter revenues at Canadian Tire’s sporting goods banners declined 10% to C$518.3 million ($386.5 mm) from C$576.4 million, including a -7.4% comp. Team sports sales were a bright spot, but consumer demand for more discretionary categories was lower, sending athletic footwear and apparel sales down. Ramped up promotions also impacted gross margin, CTC said, and store count was down five net stores to 370. The Canadian Tire banner, which also carries sporting goods, inched up ... Log in to view full article.