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Tiffany Montgomery
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Zumiez stock up, retailers report better than expected sales

The Zumiez Couch Tour
The Zumiez Couch Tour
By Tiffany Montgomery
January 07, 2010 1:18 PM

Zumiez stock price soared today, a day after the action sports retailer reported better than expected December results.

The company’s share price rose 15% to $14.64.

In general, retailers reported stronger than expected results for December, and many retailers raised fourth quarter earnings expectations as a result. However, Hot Topic and Hollister had a tough month.

Here’s a quick roundup of December same store sales:

Teen retailers and others

The Buckle: up 6.6%

Hollister: down 25%

Urban Outfitters: up 9%, with Urban Outfitters stores rising 1%

Wet Seal: down 4.6%

American Apparel: down 5%

Aeropostale: up 10%

American Eagle Outfitters: up 7%

Gap: up 2%, with Old Navy the best performer

Department stores

Macy’s: up 1% - Bloomingdale’s had a strong month

Nordstrom: up 7.4%

JC Penney: down 3.8%

Kohl’s: up 4.7%

Big Box

Target: up 1.8%

Costco: up 9%; excluding fuel inflation and currency issues, same store sales rose 4%

 

 

 

 

 

 

 


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