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CIT TRADE FINANCE: Middle-market retailers cautiously optimistic for holiday.
Details on Industry Insight.
Zumiez reported Wednesday that January same store sales rose 1.8%.
Positive categories included men’s, accessories, and boys. Weak categories were hardgoods, juniors and footwear.
Comp sales by week were:
1. up 5.4%
2. up 0.7%
3. down 1.1%
4. up 2.6%
Overall, the number of transactions rose and the dollar amount per transaction was flat.
Same-store sales rose 5% in the South and 1% in the West and fell 2% in the Northeast and 6% in the Midwest.
For the fourth quarter, same-store sales declined 1.7%.
Zumiez operates 377 stores.