April 10, 1995 |
Surfers would call it a wipeout. Cyclists might speak of road pizza. And the grunged-out snowboarders who bonk down the aisles at Sport Chalet might say that the regional sporting goods retailer had suffered a "butt munchie." Translation: a spectacular fall. After years of relatively steady sales and earnings growth, Sport Chalet hit the wall last year.
August 20, 2008 |
Decades have passed since Sport Chalet Inc. founder Norbert Olberz, 83, began pressing to develop a shopping plaza in the heart of La Canada Flintridge. Sometimes he wondered if it would ever happen. "I just hope I don't die first," he said eight years ago. He didn't. On Thursday, the tenacious German immigrant will celebrate the opening of a 45,000-square-foot Sport Chalet that is the centerpiece of the La Canada Flintridge Town Center development. The $60-million project stretches over about 11 acres at the northeast corner of Angeles Crest Highway and Foothill Boulevard, and ultimately will be home to 15 stores and restaurants.
July 19, 1990 |
With a hint of fanfare mixed with relief, the La Canada Flintridge City Council gave final approval Monday to the Sport Chalet to build the largest shopping village in the sleepy mountainside community. The action ended a six-year quest by owners of the successful sporting goods chain to replace a conglomerate of aged storefronts that have served as its founding headquarters for more than 30 years.
April 12, 1990 |
La Canada Flintridge voters have elected three City Council candidates who supported the proposed Sport Chalet shopping center, giving an apparent mandate for the city to go ahead with the controversial project. In a field of seven candidates, former Councilman Jack Hastings led the pack in Tuesday's election with 3,728 votes. Closely following him was Public Safety Commissioner Jim Edwards with 3,666 votes. Incumbent Councilwoman Joan Feehan was reelected with 3,543 votes.
July 12, 2000 |
Lower-level managers at the Sport Chalet Inc. sporting goods chain are suing the company on claims that they are wrongly classified as managers and that they are owed overtime pay for constant, long hours at work. The lawsuit is the second one filed recently in Orange County Superior Court accusing a sporting goods chain of refusing to pay overtime to workers classified as managers but who claim they perform few, if any, managerial tasks.
February 23, 1995 |
Joe Coulombe, who founded Trader Joe's, the multimillion-dollar gourmet food and liquor stores, has been appointed president of Sport Chalet Inc., a La Canada Flintridge-based chain of sporting-goods stores that posted sales of more than $122 million last year. Coulombe, a Pasadena resident who served on the Sport Chalet corporate board of directors during 1993-94, will replace Sam Allen, who is resigning after 11 years to pursue other opportunities.
CALIFORNIA | LOCAL
February 29, 2000 |
When Norbert Olberz bought a tiny ski and tennis shop called Sport Chalet on Foothill Boulevard here in 1958, he worried that the warm California winters could prove to be a hardship. But the German immigrant's retail acumen carried him through the dry spells, and he aggressively expanded his business in step with Americans' growing enthusiasm for outdoor sports. That single storefront location, which now houses Sport Chalet's accounting staff, has expanded to 22 stores.
June 3, 1998 |
Capping years of efforts to turn itself around, La Canada-based Sport Chalet Inc. said Tuesday that it logged record profit in its latest fiscal year. With longtime employees gathered outside the company's flagship store at the foot of Angeles Crest Highway, officials announced that the sporting goods chain recorded $143 million in sales and $3.2 million, or 49 cents a share, in net income, for the 12 months ended March 31. The results are company milestones.
July 9, 2011 |
The Olberz family, founders of the beleaguered Sport Chalet sporting goods chain, have sold their La Canada Flintridge mall to a Los Angeles investment firm for more than $40 million -- significantly less than what the project cost to build. La Canada Flintridge Town Center, completed in 2008, was built for about $60 million by the Olberz family's company La Canada Properties Inc. during the peak of the last real estate boom. Sport Chalet will continue to be a tenant in the mall.
CALIFORNIA | LOCAL
March 23, 1999 |
La Canada Flintridge is not a town known for political dissent. It is more of a peaceful refuge, where City Council candidates debate such woes as "mansionization," where, as if in another time, spacious homes sit under old cedars and cords of firewood lie stacked neatly under the eaves. The city's schools are renowned. Its treasury has an $11-million surplus. And its setting is serene, with streets that tilt skyward, away from the sprawl, into deep, quiet folds of the San Gabriel Mountains.