Sports equipment retailers including Douglas Sports Equipment and Sports Equipment retailers, which specialize in sports equipment retail, are hoping to increase their sales on March 15 as a result of the state’s tax on sports equipment sales.
The new tax, which will go into effect at midnight, will apply to all equipment sales of $500 or more, and also applies to the sales of equipment used in recreational or competitive sports.
It will also apply to the sale of equipment that has been used in a “professional sport.”
Douglas Sports Equipment, which is based in Toronto, said it is expecting sales to increase by 15 per cent on March 14.
“We’re just very pleased with our sales so far,” said Jeff Chilton, general manager of Douglas Sports equipment, in an interview on CBC News Network’s Power & Beauty on Wednesday.
“It’s a huge relief to be able to make the sale.
It’s just been a little bit difficult.”
Douglass Sports Equipment also announced that it would be selling a lot of its equipment on March 8.
It has an inventory of nearly 30,000 pieces of equipment, including helmets, gloves, pads, and pucks.
Douglas sports helmets are also on sale.
The company said it has sold about 3,500 of them so far.
Chilton said he is hopeful that he can increase sales as soon as possible, because there are more people out there with the equipment, and the sales will be easier to negotiate.
Douglass, which owns the Douglas Ice Arena in Fort Saskatchewan, said that they are seeing an increase in people coming into the arena to see hockey games.
“So far, we have seen an increase of 3 per cent in total visits to the arena,” Chilton said.
Doucesports, which has about 700 employees, said the new tax will cost it about $500 million in sales and an additional $400 million in income.
Doublesports, the largest sports equipment retailer in North America, said sales are expected to grow by about 30 per cent.
It said it will sell up to 100 million hockey sticks in the first week of March, and another 200 million in the second week.
“That is an incredible number, considering we only sell one-third of the total hockey stick in the world,” said John Moberg, the vice-president of operations at Doublesports.
Moberg said Doublesport has already sold its inventory of hockey sticks to the United States, Canada, Russia and Brazil.
Maverick’s Sports, which operates a chain of stores in Canada, said its sales are not expected to be affected by the tax.
“We’re confident in our sales and the momentum we have already experienced over the last few months,” said Rob St. John, Maverick’s chief operating officer.
“I would imagine that we’ll be selling more hockey sticks as the tax kicks in,” St. Johns said.
Mastersports said its total sales are more than 100 million sticks a year.
St. John said he hopes that the tax will help make the business a lot more viable.
“What I would say is that we’re in a very tough position right now, and we are certainly going to keep that pressure on, but we have a great opportunity to be the top of the pack,” he said.
The Tax on Hockey Skates is a tax on the sale and use of ice skates, and a tax of $5.75 per skate, which would be added to the price of all hockey sticks and hockey equipment.