Norbert Olberz, the founder of La Cañada Flintridge-based Sport Chalet, died on Friday, the company announced. He was 86.
Olberz founded the company in 1959, building the enterprise into a multi-million dollar, publicly traded company. He served as Sport Chalet's chief executive until 1999 and as chairman of the board of directors until 2001, according to an announcement from the company released Sunday.
Sport Chalet had only recently started to rebound from the hard financial hit it took during the recession.
In the fourth quarter ending March 28, sales at the sporting goods chain increased 6.8% to $90.2 million, up from $84.5 million for the same quarter a year ago.