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Front Range Action Sports

1926 Quebec Street

Denver, CO 80207

(303)555-0970

www.fr-actionsports.com

MEMO TO: Michael Dixon, President

FROM: Frank Osei, Vice President Finance

DATE: November 15, 2012

SUBJECT: Sales for Washington Retail Stores

Our total sales for this quarter represent a 12 percent increase over the previous quarter. The expense of adding merchandise category experts has been cost effective since these new employees have contributed greatly to this success. Stores in Washington increased sales more than stores in the other states. Below is the breakdown by merchandise category for our four Washington retail stores:

Merchandise

Spokane

Bellingham

Seattle

Tacoma

Fishing

$45,487

$30,325

$65,975

$40,162

Camping

$177,422

$118,282

$329,845

$84,141

Rock Climbing

$229,164

$152,776

$433,328

$101,388

Winter Sports

$370,501

$247,001

$716,002

$148,500

Action Sports

$156,740

$104,493

$288,479

$77,247

Water Sports

$240,093

$160,062

$455,185

$105,031

Team Sports

$87,022

$58,015

$149,045

$54,007

Racquet Sports

$44,085

$29,390

$63,170

$39,695

Fitness

$418,958

$279,305

$812,916

$164,653

Golf

$35,398

$23,599

$45,797

$36,799

Apparel

$36,082

$24,055

$47,164

$37,027

Footwear

$43,856

$29,237

$62,712

$39,619