Sales of Helly Hansen, the Norwegian outdoor apparel and workwear brand acquired by Canadian Tire in 2018, saw its sales decrease by 3 percent to 155.4 million Canadian dollars (€101.1m-€119.2m) in the third quarter, but this was a strong sequential improvement after the 21 percent decline in the second quarter. At constant exchange rates, sales went down by only 1 percent, and the brand’s results benefited from a reduction in foreign currency hedging losses as compared to the prior year. More on Canadian Tire’s retail business in The Outdoor Industry Compass.

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