Sport Chalet Elects Miki Berardelli to Its Board of Directors
Eric Olberz Steps Down After 20 Years of Service
LOS ANGELES, Oct. 14, 2013 (GLOBE NEWSWIRE) -- Sport Chalet, Inc.
(Nasdaq:SPCHA) (Nasdaq:SPCHB), a premier, full service specialty sporting
goods retailer, today announced that it has elected Miki R. Berardelli, Chief
Marketing Officer for Tory Burch, a women's fashion clothing and accessories
company, to the company's Board of Directors.
"We are thrilled to have Miki join our Board and the Sport Chalet
organization. She brings to us her years of working for some of the most
recognizable and forward-thinking brands in the retail industry," said Craig
Levra, Sport Chalet's Chairman and Chief Executive Officer. "As Sport Chalet
embarks on our next phase of growth, our mobile and digital footprint and
marketing initiatives are all critical components of our growth strategy, and
Miki's extensive experience meeting consumers when, where and how they shop
will be an asset to our company."
Ms. Berardelli has more than 20 years of marketing and e-commerce experience.
As Chief Marketing Officer for Tory Burch, she oversees global marketing,
public relations and e-commerce. Prior to joining Tory Burch in 2009, Ms.
Berardelli spent eight years at Ralph Lauren. As the Senior Vice President of
Marketing, she developed and led the multi-channel marketing strategy for the
Serving her second term as Board Chairman, Ms. Berardelli is actively involved
in Shop.org, the digital division of the National Retail Federation. She also
serves on the Board of Giggle Inc., a multi-channel baby products and
Ms. Berardelli earned a bachelor of arts from the University of Iowa and a
master's degree from Northwestern University.
Ms. Berardelli succeeds Eric Olberz, son of company founders Norbert and Irene
Olberz, and Chief Financial Officer of several real estate corporations
controlled by the Olberz Family Trusts, who stepped down from the Board of
Directors after 20 years of service.
"It has been a great pleasure serving on Sport Chalet's Board," said Mr.
Olberz. "My departure allows the Board to make room for a new director whose
experience is more closely aligned with the company's strategic growth
initiatives.My family and I continue to believe that Craig and his team have
made great strides in positioning the company for future growth and success."
Mr. Levra commented, "Eric's leadership and guidance over these many years
have been invaluable, and we greatly appreciate his unwavering commitment to
serving the best interests of Sport Chalet and its shareholders.He provided
valuable counsel for a variety of business issues, particularly from an
accounting and operational perspective.The entire Board and I wish to thank
Eric for his tremendous contributions and dedication to our company.While I
will miss his counsel and insights as a director, I am sure his role as a
significant private shareholder will continue to benefit the company and all
of its shareholders. I look forward to his ongoing support."
About Sport Chalet, Inc.
Sport Chalet is a premier, full service specialty sporting goods retailer
featuring the industry's top sports brands in apparel, footwear, and sports
equipment. Founded in 1959 by Norbert Olberz, the company has 52 stores in
Arizona, California, Nevada and Utah; an online store at www.sportchalet.com;
a Team Sales Division; and offers more than 50 specialty services for the
sports enthusiast, including online same day delivery, climbing, backcountry
skiing, ski mountaineering, avalanche education, and mountain trekking
instruction, car rack installation, snowboard and ski rental and repair, Scuba
training and certification, Scuba boat charters, team sales, gait analysis,
baseball/softball glove steaming and lacing, racquet stringing, and bicycle
tune-up and repair at its store locations. For more information, visit Sport
Chalet at www.sportchalet.com.
Except for historical information contained herein, the statements in this
release are forward-looking and made pursuant to the safe harbor provisions of
the Private Securities Litigation Reform Act of 1995.Forward-looking
statements involve known and unknown risks and uncertainties that may cause
the Company's actual results in future periods to differ materially from
forecasted results. Those risks include, among other things, the specific
forward looking statements in this release and the risks associated with each,
the negative effect of the economic downturn on the Company's sales,
limitations on borrowing under the Company's bank credit facility, the
Company's ability to control operating expenses and costs, the competitive
environment of the sporting goods industry in general and in the Company's
specific market areas, inflation, the challenge of maintaining its competitive
position, the Company's ability to manage the growth of its Team Sales
Division and online business, the Company's ability to regain or subsequently
maintain compliance with the requirements for continued listing of its Class B
Common Stock, changes in costs of goods and services, and the weather and
economic conditions in general and in specific market areas. These and other
risks are more fully described in the Company's filings with the Securities
and Exchange Commission.
CONTACT: Howard Kaminsky, Chief Financial Officer
(818) 949-5300 ext. 5728
Press spacebar to pause and continue. Press esc to stop.