Sponsors
Billabong ▼ -0.015 | PPR ▲ +0.65 | American Apparel ▲ +0.010 | The Buckle ▼ -0.47 | Columbia ▼ -0.10 | Deckers Outdoor ▲ +0.76 | Dicks ▼ -0.06 | Foot Locker ▲ +0.52 | Genesco ▲ +0.08 | Iconix Brand Group ▲ +0.09 | Jarden Corp ▼ -0.37 | Nordstrom ▼ 0.00 | Luxottica ▲ +0.75 | Nike ▼ -0.38 | Pacific Sunwear ▼ -0.03 | Skullcandy ▼ 0.00 | Sport Chalet - 0 | Urban Outfitters ▼ -0.18 | VF Corp ▲ +0.09 | Quiksilver ▼ -0.04 | Zumiez ▼ -0.07 | Macys ▼ -0.31 | Tillys ▲ +0.13 |
Ticker Sponsor
Readers Say
Since the inception of Executive Edition, I only need 1 stop
Since the inception of Executive Edition, I only need 1 stop

As a retailer in the surf industry for the past 21 years, I have had to use multiple sources to stay informed to the news within surf. Since the inception of the Executive Edition of Shop-Eat-Surf.com, I need only one stop. Thanks for providing such a valuable tool to all of us in the industry. Shop-Eat-Surf is a must read for all of our staff at Maui Nix.

- By George Karamitos, CEO, Maui Nix
Keeps me in the loop
Keeps me in the loop

Being an Executive Edition member allows me to not miss a beat when it comes to the Industry business news. Definitely keeps me in the loop plus goes great with my morning joe.

- By Tony Perez, Surfer and Surfing magazines
Industry Insight

MOSS ADAMS: Webinar 12/2 on internal controls to increase the value of your business.
AGENDA: 12/30 deadline to pre-register for Jan. 5-6 Long Beach show.
CIT TRADE FINANCE: Middle-market retailers cautiously optimistic for holiday.
Details on Industry Insight.


Tiffany Montgomery
Print This Article

Zumiez looking for opportunities in downturn

By Tiffany Montgomery
January 16, 2008 12:19 PM

Here are the most interesting things Zumiez CEO Richard Brooks had to say at the ICR XChange conference this morning:


With the economy softening, Zumiez is planning conservatively and hoping to leverage its "healthy balance sheet" to look for opportunities that may arise as a result of the economic downturn.


Zumiez is still trying to figure out what's wrong with shoes. "We hit a wall in December with the footwear business - and it was a pretty steep wall," Brooks said. "It got very, very tough... We're still assessing what's going on." The company doesn't think it is missing any key trends but consumers may be delaying footwear purchases as they feel an economic pinch, he said.


This was his 14th Christmas with the company, at it was "the toughest, most stressful I've been through," he said. All the sales were backloaded toward the end of the month. As previously reported, Zumiez had weaker than expected sales in December.

 


Articles You Might Have Missed