Sponsors
Billabong ▲ +0.025 | PPR ▲ +4.25 | American Apparel ▼ -0.015 | The Buckle ▼ -0.49 | Columbia ▼ 0.00 | Deckers Outdoor ▼ -1.20 | Dicks ▲ +0.71 | Foot Locker ▼ -2.45 | Genesco ▲ +1.13 | Iconix Brand Group ▲ +0.08 | Jarden Corp ▼ -0.14 | Nordstrom ▲ +0.12 | Luxottica ▲ +0.99 | Nike ▲ +0.12 | Pacific Sunwear ▲ +0.12 | Skullcandy ▲ +0.13 | Sport Chalet - 0 | Urban Outfitters ▼ -0.13 | VF Corp ▲ +0.25 | Quiksilver ▲ +0.01 | Zumiez ▲ +0.17 | Macys ▲ +0.48 | Tillys ▲ +0.09 |
Ticker Sponsor
Readers Say
Executive Edition is a must have
Executive Edition is a must have

Before Shop-Eat-Surf, there were two sites I paid for premium content on. One is Surfline, the other is the Wall Street Journal. One is about all things surf, the other, the best business content site in the world. Shop-eat-surf is the intersection of those two worlds. Shop-Eat-Surf provides everything from coverage of events, people, brands and trends. However, beyond the Executive Edition "wall" is more meaty analysis and interpretation of financial statements, business models and brand philosophies; why certain brands and companies are succeeding, where others aren't. The Executive Edition is a must have read if the business of surf and action sports are on your radar screen.

- By Jeff Berg, Co-owner, Surfline
Always a good daily read
Always a good daily read

Shop-Eat-Surf creates a good source of timely information about the industry. The site makes all types and size companies feel part of a community where everyone is stoked to hear about other companies successes and ideas. It is always a good daily read.

- By Ted Li, VP of North America, Oakley
Industry Insight

SIA SNOW SHOW: New "Industry + Intelligence" seminar on January 28.
FSG LAWYERS: Represented Brixton in recent transaction with Altamont Capital.
Details on Industry Insight.


Tiffany Montgomery
Print This Article

Zumiez moving warehouse to Corona

By Tiffany Montgomery
February 22, 2010 5:55 AM

Updated 2:15 p.m. with additional information from CFO Trevor Lang.

Zumiez announced this morning it is moving its warehouse and distribution center to Corona, Calif. from the current location at company headquarters in Everett, Washington.

The company said it was making the move to reduce supply chain complexity, save on freight costs and get goods to stores more quickly. It estimates it will save $1 million annually on freight and distribution costs.

Zumiez said Corona makes sense since so many of the company’s vendors are located in Southern California. CFO Trevor Lang also said in an interiew that Corona is close to the Port of Long Beach, where the company receives a lot of goods from Asia. In addition, Zumiez got a great deal on the 168,450-square-foot building, he said. According to company filings, it is paying $11.8 million for the property.

"It's a buyer's market," he said.

Zumiez will vacate one of its leased buildings in an Everett office complex because of the move. Approximately 180 positions in Washington will be eliminated. The company said it will cost about $3 million to $3.2 million to shut down the Everett warehouse, including $1.7 million to $1.9 million in severance costs.

Zumiez will keep its headquarters and corporate offices in Everett, in addition to its e-commerce division.

At the new facility in Corona, Zumiez expects to hire 180 to 200 people and plans to be shipping out of the new building by late April.

Zumiez operates 377 stores throughout the U.S.

 

 

 

 

 


Articles You Might Have Missed