Forzani Group
Encyclopedia
The Forzani Group Ltd. is a Calgary
, Alberta
based national sporting goods retailer in Canada
. It operates under five corporate banners: Sport Chek
, Atmosphere (renamed from Coast Mountain Sports), Sport Mart, National Sports and Athletes World. It also franchises under Sports Experts
, Intersport
, Tech Shop, Atmosphere, RnR, Hockey Experts, Nevada Bob’s Golf, "The Fitness Source", Pegasus, S3, and Econosports.
With revenues of over a billion Canadian dollars a year, Forzani Group Ltd. (FGL) accounts for 16.4% of the Canadian sporting goods retailing market, which in 2003 was worth CDN$6.753 billion. FGL competes on a regional basis with independent retailers and regional chains, and on the national level with Mountain Equipment Co-op
, Canadian Tire
, Hudson's Bay Company
, Wal-Mart
and Sears
. Forzani has 551 stores shared between its corporate and franchise banners. Its threats include seasonality, foreign competition, debt levels and consistent brand imaging.
In May 2011, Canadian Tire
announced a friendly takeover bid for Forzani Group, with a $771 million all-cash offer. However, some media outlets have speculated that the company may be subject to a bidding war
.
Calgary
Calgary is a city in the Province of Alberta, Canada. It is located in the south of the province, in an area of foothills and prairie, approximately east of the front ranges of the Canadian Rockies...
, Alberta
Alberta
Alberta is a province of Canada. It had an estimated population of 3.7 million in 2010 making it the most populous of Canada's three prairie provinces...
based national sporting goods retailer in Canada
Canada
Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...
. It operates under five corporate banners: Sport Chek
Sport Chek
Sport Chek is the largest Canadian retailers of sporting clothing, sports equipment and equipment destroy, with stores across Canada...
, Atmosphere (renamed from Coast Mountain Sports), Sport Mart, National Sports and Athletes World. It also franchises under Sports Experts
Sports Experts
Sports Experts is a major Canadian sports retailer franchise primarily located in Quebec, and part of the Forzani Group.Sports Experts was independently founded in 1967, but purchased by Provigo in 1981...
, Intersport
Intersport
The Intersport Group is an international sporting goods retailer. IIC-Intersport International Corporation is its purchasing division.The headquarters are located in the capital of Switzerland, Bern....
, Tech Shop, Atmosphere, RnR, Hockey Experts, Nevada Bob’s Golf, "The Fitness Source", Pegasus, S3, and Econosports.
With revenues of over a billion Canadian dollars a year, Forzani Group Ltd. (FGL) accounts for 16.4% of the Canadian sporting goods retailing market, which in 2003 was worth CDN$6.753 billion. FGL competes on a regional basis with independent retailers and regional chains, and on the national level with Mountain Equipment Co-op
Mountain Equipment Co-op
Mountain Equipment Co-op is a Canadian consumers' cooperative, which sells outdoor recreation gear and clothing to its members exclusively. MEC is notable for its commitment to environmental protection and other causes. As a co-op, MEC sells only to customers who hold a lifetime membership, which...
, Canadian Tire
Canadian Tire
Canadian Tire Corporation, Limited is one of Canada's 60 largest publicly traded companies. The firm operates an inter-related network of businesses engaged in retailing hardgoods, apparel and petroleum as well as financial and automotive services, employing more than 58,000 people across Canada...
, Hudson's Bay Company
Hudson's Bay Company
The Hudson's Bay Company , abbreviated HBC, or "The Bay" is the oldest commercial corporation in North America and one of the oldest in the world. A fur trading business for much of its existence, today Hudson's Bay Company owns and operates retail stores throughout Canada...
, Wal-Mart
Wal-Mart
Wal-Mart Stores, Inc. , branded as Walmart since 2008 and Wal-Mart before then, is an American public multinational corporation that runs chains of large discount department stores and warehouse stores. The company is the world's 18th largest public corporation, according to the Forbes Global 2000...
and Sears
Sears Canada
Sears Canada Inc. is a retailer, headquartered in Toronto, Ontario, that operates in all provinces and territories across Canada with a network of 196 corporate stores, 195 dealer stores, 38 home improvement showrooms, 108 Sears Travel offices and a nationwide home maintenance, repair, and...
. Forzani has 551 stores shared between its corporate and franchise banners. Its threats include seasonality, foreign competition, debt levels and consistent brand imaging.
In May 2011, Canadian Tire
Canadian Tire
Canadian Tire Corporation, Limited is one of Canada's 60 largest publicly traded companies. The firm operates an inter-related network of businesses engaged in retailing hardgoods, apparel and petroleum as well as financial and automotive services, employing more than 58,000 people across Canada...
announced a friendly takeover bid for Forzani Group, with a $771 million all-cash offer. However, some media outlets have speculated that the company may be subject to a bidding war
Bid price
A bid price is the highest price that a buyer is willing to pay for a good. It is usually referred to simply as the "bid."In bid and ask, the bid price stands in contrast to the ask price or "offer", and the difference between the two is called the bid/ask spread.An unsolicited bid or purchase...
.