The Moss Adams Apparel Market Monitor shows that public companies, with the exception of the Youth Lifestyle category, continue to outperform the overall stock market. Previews of Agenda WMNS at Long Beach, Agenda NYC and Agenda Vegas. Now 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