Sales rise 5.6% at Zumiez
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sports related apparel, footwear, equipment and accessories retailer
Zumiez has posted higher sales for its fourth quarter ended January 30.
Total
net sales for the fourth quarter rose 5.6% to $132.4 million from
$125.5 million in the prior-year period. Net income was $8.8 million
compared with $6.3 million.
Total net sales for the year ended
January 30 fell 0.3% to $407.6 million from $408.7 million in fiscal
2008 (52 week period). Net income was $9.1 million, down from $17.2
million.
"The year ended stronger than expected from both a
sales and earnings standpoint," commented Rick Brooks, chief executive
officer. "While we are not pleased with our annual performance, we are
encouraged that the steps we took to reverse the negative trends from
early in the year led to improved results during the back half of
2009."
The company plans to open approximately 25 new stores in fiscal 2010.
