CIT: West Coast team featured in Fashion Manuscript.
FSG LAWYERS: Represented Loomworks Apparel (P.J. Salvage) on its acquisiton by Delta Galil.
Details on Industry Insight.
A quick summary of Zumiez just released earnings. I’ll have a more in-depth report later from the conference call.
Sales: up 5.6% to $132.4 million
Same store sales: down 1.7% vs. a drop of 13.4% the same period last year.
Net income: up 39% to $8.8 million, including charges
Sales: down 0.3% to $407.6 million
Same store sales: down 10% vs. a 6.5% drop in 2008
Net income: down 47% to $9.1 million, including several charges
Cash and securities: $108.1 million
Zumiez will open 25 new stores