Zumiez weathers storm
29/05/2008
US-based retailer of US action sports gear Zumiez Inc. has posted improved results for its first quarter ended May 3.
Total net sales for the first quarter increased 14.4% to $78.7 million compared with $68.8 million in the first quarter of 2007. Net income was $1.4 million compared with $1.6 million. Comparable store sales fell 0.8% in the first quarter compared with an 11.3% increase in the first quarter of 2007.
The company, which sells footwear, apparel, equipment and accessories, operated 306 stores as of May 3. Its products are mainly aimed at young men and women between the ages of 12 and 24, with a special focus on skateboarding, surfing, snowboarding, motocross and BMX.
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