Sponsors
Billabong ▲ +0.005 | PPR ▼ -1.10 | American Apparel ▼ -0.023 | The Buckle ▼ 0.00 | Columbia ▲ +0.73 | Deckers Outdoor ▼ -0.56 | Dicks ▼ -0.25 | Foot Locker ▲ +0.14 | Genesco ▲ +0.36 | Iconix Brand Group ▼ 0.00 | Jarden Corp ▼ -0.97 | Nordstrom ▼ -0.33 | Luxottica ▲ +0.48 | Nike ▼ -0.16 | Pacific Sunwear ▼ -0.04 | Skullcandy ▼ -0.03 | Sport Chalet - 0 | Urban Outfitters ▼ -0.49 | VF Corp ▼ -0.21 | Quiksilver ▼ -0.04 | Zumiez ▲ +0.28 | Macys ▼ -0.43 | Tillys ▲ +0.46 |
Ticker Sponsor
Readers Say
The one, undisputed leader
The one, undisputed leader

It is common knowledge in our industry that there is one undisputed leader in reporting on the topics, businesses and trends that impact all of us the most, and it is shop-eat-surf.com. Their access to those who make our industry happen is second to none, and we value not only the content of their reporting but the editorial thought on what it all means both in the present as well as the future. If we were asked to give a rating, it would be five out of five stars.

- By Craig Levra, CEO, Sport Chalet
Since the inception of Executive Edition, I only need 1 stop
Since the inception of Executive Edition, I only need 1 stop

As a retailer in the surf industry for the past 21 years, I have had to use multiple sources to stay informed to the news within surf. Since the inception of the Executive Edition of Shop-Eat-Surf.com, I need only one stop. Thanks for providing such a valuable tool to all of us in the industry. Shop-Eat-Surf is a must read for all of our staff at Maui Nix.

- By George Karamitos, CEO, Maui Nix
Industry Insight

SHACC: Trailblazers in Women's surfing exhibit opens April 25.
ROTH CAPITAL PARTNERS: Zumiez comps exceed estimates.

Details on Industry Insight.


Tiffany Montgomery
Print This Article

The Buckle beats retail blahs for year

By Tiffany Montgomery
March 11, 2010 9:38 AM

Denim selection a key part of business

Industry customer The Buckle continued to outperform other retailers by recording another strong fourth quarter and year.

The company’s performance is doubly impressive because sales and profits have not only grown during a recession, but also against tough comparisons.

For example, in 2009, Buckle’s same store sales increased 7.8%. In 2008, same stores sales rose 20.6%. In 2007, same store sales increased 13.2%.

Profits have also improved each year. In 2009, net income rose 22%. In 2008, net income increased 38.8%. In 2007, net income rose 35%.

Denim continued to be a crucial part of the company’s success, accounting for 43% of sales in fiscal 2009, up from 41.5% the previous year. Even higher price point denim sold well, the company said.

At a time when junior’s sales have been struggling for many, The Buckle said female sales increased 22% for the year. Nearly every category of junior’s goods was positive, including denim, woven and knit tops, sweaters, activewear, outerwear, accessories and footwear.

Q4 financial results

Sales: up 9.2% to $274.4 million

Same store sales: up 3.8%

Online sales: up 35.6%

Net income: up 23% to $42.1 million

Fiscal 2009 results

Sales: 13.4% to $898.3 million

Same store sales: up 7.8%

Online sales: up 45.2%

Net income: up 22% to $127.3 million

Gross margin: improved to 44.6%

Cash and investments: $231 million

Average sales per square foot: rose to $428 vs. $401 the same period last year.

Average sales per store: $2.1 million vs. $2 million

Total stores at year-end: 401 in 41 states

2010

New stores: 20

Remodels: 25

 

 

 


Articles You Might Have Missed