CFA, WELLS FARGO: Invitation to next "Crystal Ball" breakfast session, "Private Label vs Branded Manufacturing."
STOKES ME: SIMA Humanitarian Fund campaign kicks off this week with "Add-A-Buck" promotions in 76 core-store doors.
Details on Industry Insight.
Zumiez said this afternoon that same-store sales in January fell 14.8 percent vs. the same month last year. Total sales fell 2 percent to $20.3 million.
The good news is that sales and margins were stronger than expected, and Zumiez now expects full-year earnings per share to be at the high end of its previously announced 52 to 57 cent range.
January comps by week:
Week 1 - down 7 percent
Week 2 - down 15.7 percent
Week 3 - down 15.9 percent
Week 4 - down 20.1 percent
Positive category: Footwear
Negative categories: men's, junior's and boy's apparel, accessories and hardgoods.
Regions: Stores west of Texas and Florida recorded comp sale decreases in the high teens.
Fourth quarter 2008 comps: down 13.4 percent
Fiscal 2008 comps: down 6.5 percent
Zumiez ended the fiscal year with 343 stores.
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