----

----

| x | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|---|-----------------------------------------------------------------------------------------|

| o | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|---|------------------------------------------------------------------------------------------|

| Sport Chalet, Inc.                                                                                                              |                                 |
|---------------------------------------------------------------------------------------------------------------------------------|--------------------------------------|
| (Exact name of registrant as specified in its charter)                                                                          |                                 |
|                                                                                                                            |                                 |
| Delaware                                                                                                                        | 95-4390071                           |
| (State or other jurisdiction ofincorporation or organization)                                                                   | (I.R.S. Employer Identification No.) |
|                                                                                                                            |                                 |
| One Sport Chalet Drive, La Cañada, CA  91011(Address of principal executive offices)   (Zip Code) |
|                                                                                                                            |                                 |
| (818) 949-5300(Registrant’s telephone number, including area code)                                                        |

| Large accelerated filer    o           | Accelerated filer   o          |
|-------------------------------------------------------|-----------------------------------------------|
| Non-accelerated filer      o | Smaller reporting company    x |

----

| PART I – FINANCIAL INFORMATION |
|--------------------------------------|
|                                 |   |   |
|                                 |   | Page |
|                                 |   |   |
| Item 1.                              | Financial Statements | 3 |
|                                 |   |   |
| Item 2.                              | Management’s Discussion and Analysis of Financial Condition and Results of Operations | 9 |
|                                 |   |   |
| Item 3.                              | Quantitative and Qualitative Disclosures About Market Risk | 20 |
|                                 |   |   |
| Item 4T.                             | Controls and Procedures | 20 |
|                                 |   |   |
| PART II – OTHER INFORMATION    |
|                                 |   |   |
|                                 |   |   |
| Item 1.                              | Legal Proceedings | 21 |
|                                 |   |   |
| Item 1A.                             | Risk Factors | 21 |
|                                 |   |   |
| Item 2.                              | Unregistered Sales of Equity Securities and Use of Proceeds | 21 |
|                                 |   |   |
| Item 3.                              | Defaults Upon Senior Securities | 21 |
|                                 |   |   |
| Item 4.                              | [Removed and Reserved] | 21 |
|                                 |   |   |
| Item 5.                              | Other Information | 21 |
|                                 |   |   |
| Item 6.                              | Exhibits | 22 |

----

|                                                  |   | 13 weeks ended                           |   |   | 39 weeks ended    |   |
|-------------------------------------------------------|--------|------------------------------------------|--------|--------|-------------------|--------|
|                                                  |   | December 26, 2010                        |   |   | December 27, 2009 |   |   | December 26, 2010 |   |   | December 27, 2009 |   |
|                                                  |   | (in thousands, except per share amounts) |   |
| Net sales                                             |   | $                                        | 95,828 |   |              | $      | 95,258 |   |   | $ | 264,278 |   |   | $ | 263,472 |   |
| Cost of goods sold, buying and occupancy costs        |   |                                     | 69,464 |   |              |   | 71,240 |   |   |   | 190,366 |   |   |   | 193,633 |   |
| Gross profit                                          |   |                                     | 26,364 |   |              |   | 24,018 |   |   |   | 73,912 |   |   |   | 69,839 |   |
|                                                  |   |                                     |   |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Selling, general and administrative expenses          |   |                                     | 24,226 |   |              |   | 21,988 |   |   |   | 67,706 |   |   |   | 63,991 |   |
| Impairment charge                                     |   |                                     | -      |   |              |   | 10,935 |   |   |   | - |   |   |   | 10,935 |   |
| Depreciation and amortization                         |   |                                     | 2,456  |   |              |   | 3,192 |   |   |   | 7,644 |   |   |   | 9,922 |   |
| Loss from operations                                  |   |                                     | (318   | )      |              |   | (12,097 | ) |   |   | (1,438 | ) |   |   | (15,009 | ) |
|                                                  |   |                                     |   |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Interest expense                                      |   |                                     | 543    |   |              |   | 821 |   |   |   | 1,884 |   |   |   | 2,105 |   |
| Loss before taxes                                     |   |                                     | (861   | )      |              |   | (12,918 | ) |   |   | (3,322 | ) |   |   | (17,114 | ) |
|                                                  |   |                                     |   |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Income tax benefit                                    |   |                                     | -      |   |              |   | (9,118 | ) |   |   | - |   |   |   | (9,118 | ) |
| Net loss                                              |   | $                                        | (861   | )      |              | $      | (3,800 | ) |   | $ | (3,322 | ) |   | $ | (7,996 | ) |
|                                                  |   |                                     |   |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Loss per share:                                       |   |                                     |   |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Basic and diluted                                     |   | $                                        | (0.06  | )      |              | $      | (0.27 | ) |   | $ | (0.23 | ) |   | $ | (0.57 | ) |
|                                                  |   |                                     |   |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Weighted average number of common shares outstanding: |   |                                     |   |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Basic and diluted                                     |   |                                     | 14,189 |   |              |   | 14,123 |   |   |   | 14,188 |   |   |   | 14,123 |   |

----

|                                                                                                  |   | December 26,                         |    |   | March 28, |   |
|-------------------------------------------------------------------------------------------------------|--------|--------------------------------------|---------|--------|-----------|--------|
|                                                                                                  |   | 2010                                 |    |   | 2010      |   |
|                                                                                                  |   | (Unaudited)                          |    |   |      |   |
| Assets                                                                                                |   | (in thousands, except share amounts) |    |
| Current assets:                                                                                       |   |                                 |    |   |      |   |
| Cash and cash equivalents                                                                             |   | $                                    | 13,644  |   |      | $      | 2,906 |   |
| Accounts receivable, net                                                                              |   |                                 | 3,987   |   |      |   | 2,403 |   |
| Merchandise inventories                                                                               |   |                                 | 108,074 |   |      |   | 97,280 |   |
| Prepaid expenses and other current assets                                                             |   |                                 | 1,292   |   |      |   | 1,235 |   |
| Income tax receivable                                                                                 |   |                                 | 3       |   |      |   | 12 |   |
| Total current assets                                                                                  |   |                                 | 127,000 |   |      |   | 103,836 |   |
|                                                                                                  |   |                                 |    |   |      |   |   |   |
| Fixed assets, net                                                                                     |   |                                 | 29,086  |   |      |   | 34,873 |   |
| Total assets                                                                                          |   | $                                    | 156,086 |   |      | $      | 138,709 |   |
|                                                                                                  |   |                                 |    |   |      |   |   |   |
| Liabilities and stockholders' equity                                                                  |   |                                 |    |   |      |   |   |   |
| Current liabilities:                                                                                  |   |                                 |    |   |      |   |   |   |
| Accounts payable                                                                                      |   | $                                    | 45,495  |   |      | $      | 24,998 |   |
| Loan payable to bank                                                                                  |   |                                 | 41,893  |   |      |   | 45,290 |   |
| Salaries and wages payable                                                                            |   |                                 | 3,346   |   |      |   | 3,972 |   |
| Other accrued expenses                                                                                |   |                                 | 19,906  |   |      |   | 15,909 |   |
| Total current liabilities                                                                             |   |                                 | 110,640 |   |      |   | 90,169 |   |
|                                                                                                  |   |                                 |    |   |      |   |   |   |
| Deferred rent                                                                                         |   |                                 | 23,575  |   |      |   | 24,056 |   |
| Commitments and contingencies                                                                         |   |                                 |    |   |      |   |   |   |
|                                                                                                  |   |                                 |    |   |      |   |   |   |
| Stockholders’ equity:                                                                           |   |                                 |    |   |      |   |   |   |
| Preferred stock, $.01 par value:                                                                      |   |                                 |    |   |      |   |   |   |
| Authorized shares - 2,000,000                                                                         |   |                                 |    |   |      |   |   |   |
| Issued and outstanding shares – none                                                            |   |                                 | -       |   |      |   | - |   |
| Class A Common Stock, $.01 par value:                                                                 |   |                                 |    |   |      |   |   |   |
| Authorized shares - 46,000,000                                                                        |   |                                 |    |   |      |   |   |   |
| Issued and outstanding shares – 12,413,490 atDecember 26, 2010 and 12,412,490 at March 28, 2010 |   |                                 | 124     |   |      |   | 124 |   |
| Class B Common Stock, $.01 par value:                                                                 |   |                                 |    |   |      |   |   |   |
| Authorized shares - 2,000,000                                                                         |   |                                 |    |   |      |   |   |   |
| Issued and outstanding shares – 1,775,821 atDecember 26, 2010 and 1,770,821 at March 28, 2010   |   |                                 | 18      |   |      |   | 18 |   |
| Additional paid-in capital                                                                            |   |                                 | 35,839  |   |      |   | 35,130 |   |
| Accumulated deficit                                                                                   |   |                                 | (14,110 | )      |      |   | (10,788 | ) |
| Total stockholders’ equity                                                                      |   |                                 | 21,871  |   |      |   | 24,484 |   |
| Total liabilities and stockholders’ equity                                                      |   | $                                    | 156,086 |   |      | $      | 138,709 |   |

----

|                                                                                      |   | 39 weeks ended    |     |
|-------------------------------------------------------------------------------------------|--------|-------------------|----------|
|                                                                                      |   | December 26, 2010 |     |   | December 27, 2009 |   |
|                                                                                      |   | (in thousands)    |     |
| Operating activities                                                                      |   |              |     |   |   |   |
| Net loss                                                                                  |   | $                 | (3,322   | ) |   | $ | (7,996 | ) |
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities: |   |              |     |   |   |   |   |   |
| Depreciation and amortization                                                             |   |              | 7,645    |   |   |   | 9,922 |   |
| Impairment charge                                                                         |   |              | -        |   |   |   | 10,935 |   |
| Share-based compensation                                                                  |   |              | 697      |   |   |   | 326 |   |
| Changes in operating assets and liabilities:                                              |   |              |     |   |   |   |   |   |
| Accounts receivable                                                                       |   |              | (1,584   | ) |   |   | (2,622 | ) |
| Merchandise inventories                                                                   |   |              | (10,794  | ) |   |   | (17,462 | ) |
| Prepaid expenses and other current assets                                                 |   |              | (57      | ) |   |   | 1,143 |   |
| Income tax receivable                                                                     |   |              | 9        |   |   |   | (8,116 | ) |
| Accounts payable                                                                          |   |              | 20,497   |   |   |   | 8,062 |   |
| Salaries and wages payable                                                                |   |              | (626     | ) |   |   | (944 | ) |
| Other accrued expenses                                                                    |   |              | 3,355    |   |   |   | (307 | ) |
| Deferred rent                                                                             |   |              | (481     | ) |   |   | (474 | ) |
| Net cash provided by (used in) operating activities                                       |   |              | 15,339   |   |   |   | (7,533 | ) |
|                                                                                      |   |              |     |   |   |   |   |   |
| Investing activities                                                                      |   |              |     |   |   |   |   |   |
| Purchase of fixed assets                                                                  |   |              | (1,216   | ) |   |   | (623 | ) |
| Net cash used in investing activities                                                     |   |              | (1,216   | ) |   |   | (623 | ) |
|                                                                                      |   |              |     |   |   |   |   |   |
| Financing activities                                                                      |   |              |     |   |   |   |   |   |
| Proceeds from bank borrowing                                                              |   |              | 269,628  |   |   |   | 287,276 |   |
| Repayments of bank borrowing                                                              |   |              | (273,025 | ) |   |   | (270,254 | ) |
| Proceeds from exercise of stock options                                                   |   |              | 12       |   |   |   | - |   |
| Net cash (used in) provided by financing activities                                       |   |              | (3,385   | ) |   |   | 17,022 |   |
|                                                                                      |   |              |     |   |   |   |   |   |
| Increase in cash and cash equivalents                                                     |   |              | 10,738   |   |   |   | 8,866 |   |
| Cash and cash equivalents at beginning of period                                          |   |              | 2,906    |   |   |   | 290 |   |
| Cash and cash equivalents at end of period                                                |   | $                 | 13,644   |   |   | $ | 9,156 |   |
|                                                                                      |   |              |     |   |   |   |   |   |
| Supplemental Disclosure of Cash Flow Information                                          |   |              |     |   |   |   |   |   |
| Cash paid during the period for:                                                          |   |              |     |   |   |   |   |   |
| Interest                                                                                  |   | $                 | 1,771    |   |   | $ | 1,820 |   |
|                                                                                      |   |              |     |   |   |   |   |   |
| Supplemental Disclosure of non-cash investing and financing activities                    |   |              |     |   |   |   |   |   |
|    Property and equipment acquired under capital leases                    |   | $                 | 642      |   |   | $ | - |   |

----

----

|                                     |   | 13 weeks ended                           |   |   | 39 weeks ended    |   |
|------------------------------------------|--------|------------------------------------------|--------|--------|-------------------|--------|
|                                     |   | December 26, 2010                        |   |   | December 27, 2009 |   |   | December 26, 2010 |   |   | December 27, 2009 |   |
|                                     |   | (in thousands, except per share amounts) |   |
| Net loss                                 |   | $                                        | (861   | )      |              | $      | (3,800 | ) |   | $ | (3,322 | ) |   | $ | (7,996 | ) |
|                                     |   |                                     |   |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Weighted average number of common shares |   |                                     | 14,189 |   |              |   | 14,123 |   |   |   | 14,188 |   |   |   | 14,123 |   |
|                                     |   |                                     |   |   |              |   |   |   |   |   |   |   |   |   |   |   |
| Basic and diluted loss per share         |   | $                                        | (0.06  | )      |              | $      | (0.27 | ) |   | $ | (0.23 | ) |   | $ | (0.57 | ) |

----

----

----

|   | · | Continuing to improve the functionality and efficiency of sportchalet.com by leveraging our business partners’ significant knowledge in their areas of expertise. |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Continuing to refine the way each store is merchandised to best fit to its individual store market area and customer base through information provided by our Action Pass customer relationship program. |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Increasing utilization of our growing Action Pass membership to create ever more effective marketing vehicles. |
|--------|--------|----------------------------------------------------------------------------------------------------------------|

|   | · | Continuing to refine and expand our Team Sales Division by attracting new universities and leagues as customers, while focusing on continuously improving profitability through more efficient manufacturing and embellishment processes. |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Striving to have the best trained experts in merchandise and specialty services throughout our Company. |
|--------|--------|---------------------------------------------------------------------------------------------------------|

|   | · | Fully utilizing our information systems to understand our business better and to improve efficiency in both inventory and overall operating costs. |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | Refining our store strategy. |
|--------|--------|------------------------------|

----

|                                         |   | 13 weeks ended    |   |   |              |   |   |         |   |
|----------------------------------------------|--------|-------------------|--------|--------|-------------------|--------|--------|--------------|--------|
|                                         |   | December 26, 2010 |   |   | December 27, 2009 |   |   | DollarChange |   |   | PercentageChange |   |
|                                         |   | Amount            |   |   | Percent           |   |   | Amount       |   |   | Percent |   |
| Net sales                                    |   | $                 | 95,828 |   |              |   | 100.0  | %            |   | $ | 95,258 |   |   |   | 100.0 | % |   | $ | 570 |   |   |   | 0.6 | % |
| Gross profit                                 |   |              | 26,364 |   |              |   | 27.5   | %            |   |   | 24,018 |   |   |   | 25.2 | % |   |   | 2,346 |   |   |   | 9.8 | % |
| Selling, general and administrative expenses |   |              | 24,226 |   |              |   | 25.3   | %            |   |   | 21,988 |   |   |   | 23.1 | % |   |   | 2,238 |   |   |   | 10.2 | % |
| Impairment charge                            |   |              | -      |   |              |   | 0.0    | %            |   |   | 10,935 |   |   |   | 11.5 | % |   |   | (10,935 | ) |   |   | (100.0 | %) |
| Depreciation and amortization                |   |              | 2,456  |   |              |   | 2.6    | %            |   |   | 3,192 |   |   |   | 3.4 | % |   |   | (736 | ) |   |   | (23.1 | %) |
| Loss from operations                         |   |              | (318   | )      |              |   | (0.3   | %)           |   |   | (12,097 | ) |   |   | (12.7 | %) |   |   | (11,779 | ) |   |   | (97.4 | %) |
| Interest expense                             |   |              | 543    |   |              |   | 0.6    | %            |   |   | 821 |   |   |   | 0.9 | % |   |   | (278 | ) |   |   | (33.9 | %) |
| Loss before taxes                            |   |              | (861   | )      |              |   | (0.9   | %)           |   |   | (12,918 | ) |   |   | (13.6 | %) |   |   | (12,057 | ) |   |   | (93.3 | %) |
| Income tax benefit                           |   |              | -      |   |              |   | 0.0    | %            |   |   | (9,118 | ) |   |   | (9.6 | %) |   |   | (9,118 | ) |   |   | (100.0 | %) |
| Net loss                                     |   |              | (861   | )      |              |   | (0.9   | %)           |   |   | (3,800 | ) |   |   | (4.0 | %) |   |   | (2,939 | ) |   |   | (77.3 | %) |
|                                         |   |              |   |   |              |   |   |         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Loss per share:                              |   |              |   |   |              |   |   |         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Basic and diluted                            |   | $                 | (0.06  | )      |              |   |   |         |   | $ | (0.27 | ) |   |   |   |   |   | $ | (0.21 | ) |   |   | (77.8 | %) |

----

----

|                                         |   | 39 weeks ended    |    |   |              |   |   |         |   |
|----------------------------------------------|--------|-------------------|---------|--------|-------------------|--------|--------|--------------|--------|
|                                         |   | December 26, 2010 |    |   | December 27, 2009 |   |   | DollarChange |   |   | PercentageChange |   |
|                                         |   | Amount            |    |   | Percent           |   |   | Amount       |   |   | Percent |   |
| Net sales                                    |   | $                 | 264,278 |   |              |   | 100.0  | %            |   | $ | 263,472 |   |   |   | 100.0 | % |   | $ | 806 |   |   |   | 0.3 | % |
| Gross profit                                 |   |              | 73,912  |   |              |   | 28.0   | %            |   |   | 69,839 |   |   |   | 26.5 | % |   |   | 4,073 |   |   |   | 5.8 | % |
| Selling, general and administrative expenses |   |              | 67,706  |   |              |   | 25.6   | %            |   |   | 63,991 |   |   |   | 24.3 | % |   |   | 3,715 |   |   |   | 5.8 | % |
| Impairment charge                            |   |              | -       |   |              |   | 0.0    | %            |   |   | 10,935 |   |   |   | 4.2 | % |   |   | (10,935 | ) |   |   | (100.0 | %) |
| Depreciation and amortization                |   |              | 7,644   |   |              |   | 2.9    | %            |   |   | 9,922 |   |   |   | 3.8 | % |   |   | (2,278 | ) |   |   | (23.0 | %) |
| Loss from operations                         |   |              | (1,438  | )      |              |   | (0.5   | %)           |   |   | (15,009 | ) |   |   | (5.7 | %) |   |   | (13,571 | ) |   |   | (90.4 | %) |
| Interest expense                             |   |              | 1,884   |   |              |   | 0.7    | %            |   |   | 2,105 |   |   |   | 0.8 | % |   |   | (221 | ) |   |   | (10.5 | %) |
| Loss before taxes                            |   |              | (3,322  | )      |              |   | (1.3   | %)           |   |   | (17,114 | ) |   |   | (6.5 | %) |   |   | (13,792 | ) |   |   | (80.6 | %) |
| Income tax benefit                           |   |              | -       |   |              |   | 0.0    | %            |   |   | (9,118 | ) |   |   | (3.5 | %) |   |   | (9,118 | ) |   |   | (100.0 | %) |
| Net loss                                     |   |              | (3,322  | )      |              |   | (1.3   | %)           |   |   | (7,996 | ) |   |   | (3.0 | %) |   |   | (4,674 | ) |   |   | (58.5 | %) |
|                                         |   |              |    |   |              |   |   |         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Loss per share:                              |   |              |    |   |              |   |   |         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Basic and diluted                            |   | $                 | (0.23   | )      |              |   |   |         |   | $ | (0.57 | ) |   |   |   |   |   | $ | (0.34 | ) |   |   | (59.6 | %) |

----

|                                                |   | 39 weeks ended    |    |
|-----------------------------------------------------|--------|-------------------|---------|
|                                                |   | December 26, 2010 |    |   | December 27, 2009 |   |
|                                                |   | (in thousands)    |    |
| Net loss                                            |   | $                 | (3,322  | ) |   | $ | (7,996 | ) |
| Depreciation and amortization                       |   |              | 7,645   |   |   |   | 9,922 |   |
| Impairment charge                                   |   |              | -       |   |   |   | 10,935 |   |
| Merchandise inventories                             |   |              | (10,794 | ) |   |   | (17,462 | ) |
| Accounts payable                                    |   |              | 20,497  |   |   |   | 8,062 |   |
| Accounts receivable                                 |   |              | (1,584  | ) |   |   | (2,622 | ) |
| Other accrued expenses                              |   |              | 3,355   |   |   |   | (307 | ) |
| Income tax receivable                               |   |              | 9       |   |   |   | (8,116 | ) |
| Other                                               |   |              | (467    | ) |   |   | 51 |   |
| Net cash provided by (used in) operating activities |   | $                 | 15,339  |   |   | $ | (7,533 | ) |

----

|                          |   | 52 weeks ended    |   |
|-------------------------------|--------|-------------------|--------|
|                          |   | December 26, 2010 |   |   | December 27, 2009 |   |
|                          |   | (in thousands)    |   |
| Net loss                      |   | $                 | (3,600 | ) |   | $ | (19,120 | ) |
| Income tax benefit            |   |              | (21    | ) |   |   | (9,118 | ) |
| Interest expense              |   |              | 2,541  |   |   |   | 2,650 |   |
| Depreciation and amortization |   |              | 10,366 |   |   |   | 13,198 |   |
| Share-based compensation      |   |              | 990    |   |   |   | 402 |   |
| Non-cash impairment charge    |   |              | -      |   |   |   | 10,935 |   |
| EBITDA                        |   | $                 | 10,276 |   |   | $ | (1,053 | ) |

----

|                          |   | Payment due by period |    |
|-------------------------------|--------|-----------------------|---------|
|                          |   |                  |    |   | Less than |   |   |   |   |   |   |   |   | More than |   |
|                          |   | Total                 |    |   | 1 year |   |   | 2-3 year |   |   | 4-5 year |   |   | 5 years |   |
| Contractual obligations       |   | (in thousands)        |    |
| Operating leases (a)          |   | $                     | 179,227 |   |   | $ | 30,325 |   |   | $ | 57,225 |   |   | $ | 38,930 |   |   | $ | 52,747 |   |
| Employment contracts          |   |                  | 551     |   |   |   | 170 |   |   |   | 339 |   |   |   | 42 |   |   |   | - |   |
| Total contractual obligations |   | $                     | 179,778 |   |   | $ | 30,495 |   |   | $ | 57,564 |   |   | $ | 38,972 |   |   | $ | 52,747 |   |

----

|   | · | We have a history of losses which could continue in the future. |
|--------|--------|-----------------------------------------------------------------|

|   | · | The limited availability under our revolving credit facility may result in insufficient working capital. |
|--------|--------|----------------------------------------------------------------------------------------------------------|

|   | · | The covenants in our revolving credit facility may limit future borrowings to fund our operations. |
|--------|--------|----------------------------------------------------------------------------------------------------|

|   | · | If our vendors do not provide sufficient quantities of products, our net sales and profitability could suffer. |
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|   | · | If we are unable to effectively manage and expand our alliances and relationships with selected suppliers of brand name products, we may be unable to effectively execute our strategy to differentiate ourselves from our competitors. |
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|   | · | A downturn in the economy has affected consumer purchases of discretionary items, significantly reducing our net sales and profitability. |
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|   | · | No assurance can be given that we will be successful in reducing operating expenses and controlling costs in an amount sufficient to return to profitability. |
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|   | · | We may need to record additional impairment losses in the future if our stores' operating performance does not improve. |
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|   | · | Intense competition in the sporting goods industry could limit our growth and reduce our profitability. |
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|   | · | Our future operations may be dependent on the availability of additional financing. |
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|   | · | Because our stores are concentrated in the western portion of the United States, we are subject to regional risks. |
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|   | · | If we are unable to predict or react to changes in consumer demand, we may lose customers and our sales may decline. |
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|   | · | Failure to protect the integrity and security of our customers’ information could expose us to litigation and materially damage our standing with our customers. |
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|   | · | As a result of the current economic downturn, we have delayed opening new stores.  Continued growth is uncertain and subject to numerous risks. |
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|   | · | If we lose key management or are unable to attract and retain talent, our operating results could suffer. |
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|   | · | Seasonal fluctuations in the sales of sporting goods could cause our annual operating results to suffer. |
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|   | · | Our quarterly operating results may fluctuate substantially, which may adversely affect our business. |
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|   | · | Declines in the effectiveness of marketing could cause our operating results to suffer. |
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|   | · | Problems with our information systems could disrupt our operations and negatively impact our financial results. |
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|   | · | We are controlled by our Founder and management, whose interests may differ from other stockholders. |
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|   | · | The price of our Class A Common Stock and Class B Common Stock may be volatile. |
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|   | · | Provisions in the Company's charter documents could discourage a takeover that stockholders may consider favorable. |
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|   | · | We may be subject to periodic litigation that may adversely affect our business and financial performance. |
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|   | · | Changes in accounting standards and subjective assumptions, estimates and judgments related to complex accounting matters could significantly affect our financial results. |
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|   | · | Terrorist attacks or acts of war may harm our business. |
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|   | · | We rely on one distribution center and any disruption could reduce our sales. |
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|   | · | We may pursue strategic acquisitions, which could have an adverse impact on our business. |
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|   | · | Our comparable store sales will fluctuate and may not be a meaningful indicator of future performance. |
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|   | · | A regional or global health pandemic could severely affect our business. |
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|   | · | Global warming could cause erosion of both our Winter and Summer seasonal businesses over a long-term basis. |
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|   | 3.1 | Certificate of Incorporation restated as of November 4, 2009 (incorporated by reference to Exhibit 3.1 of the Company’s Form 10-Q for the quarter ended September 27, 2009) |
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|   |   |
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|   | 3.2 | Bylaws of Sport Chalet, Inc. amended as of September 15, 2009 (incorporated by reference to Exhibit 3.2 of the Company’s Form 10-Q for the quarter ended September 27, 2009) |
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|   |  4.1 | Form of Certificate for Class A Common Stock (incorporated by reference to Exhibit 4.1 to the Company's Registration of Certain Classes of Securities on Form 8-A, filed on September 29, 2005) |
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|   |  4.2 | Form of Certificate for Class B Common Stock (incorporated by reference to Exhibit 4.1 to the Company's Registration of Certain Classes of Securities on Form 8-A, filed on September 29, 2005) |
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|   | 31.1 | Certification Pursuant to Rule 13a-14(a) of the Securities Exchange Act of 1934, Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. |
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|   | 31.2 | Certification Pursuant to Rule 13a-14(a) of the Securities Exchange Act of 1934, Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. |
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|   | 32.1 | Certification Pursuant to 18 U.S.C. Section 1350 as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 |
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|                              | SPORT CHALET, INC. |                                                                                                                                                 |
|-----------------------------------|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------|
|                              |               |                                                                                                                                                 |
|                              |               |                                                                                                                                                 |
|                              |               |                                                                                                                                                 |   |
| DATE:  February 2, 2011 | By:                | /s/ Howard K. Kaminsky                                                                                                                     |   |
|                              |               | Howard K. Kaminsky                                                                                                                                   |   |
|                              |               | Executive Vice President-Finance,Chief Financial Officer and Secretary(On behalf of the Registrant and asPrincipal Financial and Accounting Officer) |   |