Turtle Bay awards $50,000 in grants and scholarships. The Moss Adams Apparel Market Monitor shows that public companies, with the exception of the Youth Lifestyle category, continue to outperform the overall stock market. Now 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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