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ROTH CAPITAL PARTNERS: Zumiez comps exceed estimates.

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Tiffany Montgomery
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Zumiez reports rosy retail news

By Tiffany Montgomery
April 07, 2010 1:43 PM

Zumiez reported robust sales for the five weeks ended April 3, with every region of the country logging positive comps.

Total same store sales rose 13.2%. In March of 2009, same store sales declined 17.9%.

Total sales rose 20.1%, and results were favorably impacted by the early Easter.

Quarter to date, Zumiez same store sales are up 12.3%

Comps per week

1. up 11.6%

2. up 8.8%

3. up 8.6%

4. up 8.3%

5. up 28.3%

The comp gains were mostly driven by an increase in transactions, suggesting mall traffic is improving.

Regional performance

West: up 13%

Northeast: up 12%

South: up 10%

Midwest: up 9%

Categories

Several categories recorded positive comps, including men’s, accessories, footwear and boys.

Hardgoods and juniors were negative.

Zumiez operates 377 stores around the country.

 

 

 


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