Sponsors
Billabong ▲ +0.005 | PPR ▼ -7.45 | American Apparel ▼ -0.007 | The Buckle ▼ -0.26 | Columbia ▲ +0.02 | Deckers Outdoor ▼ -2.73 | Dicks ▼ -0.30 | Foot Locker ▼ -0.28 | Genesco ▼ -0.20 | Iconix Brand Group ▼ -0.23 | Jarden Corp ▲ +0.60 | Nordstrom ▼ -0.48 | Luxottica ▼ -0.38 | Nike ▲ +0.28 | Pacific Sunwear ▼ -0.12 | Skullcandy ▼ -0.05 | Sport Chalet - 0 | Urban Outfitters ▼ -0.44 | VF Corp ▲ +0.41 | Quiksilver ▲ +0.05 | Zumiez ▼ -0.75 | Macys ▼ -0.35 | Tillys ▼ -0.12 |
Ticker Sponsor
Readers Say
It pertains to my business
It pertains to my business

I’m an avid reader of Shop-Eat-Surf because it’s really the only online newsletter that I have found that is not only industry related, but also because it’s not so “guy-centric.” I find that a lot of the information I read on the site pertains to my business (as a swimwear designer) and keeps me up to date on what other companies and other women in the industry in general are doing which is not only inspiring but also helps me gauge the future direction of my business as well.

I feel privileged to read the Executive Edition because I know I am getting insider industry information before it hits the mainstream media channels. And it’s always good to know what my friends are up to in the industry.

- By Monica Wise, Founder, L*Space
The first thing I look at
The first thing I look at

I find Shop-Eat-Surf to be a very useful and informative site that I enjoy browsing daily. Shop-Eat-Surf is the first thing I look at every morning to keep up-to-date on the latest talk, events, and happenings in the industry. I must say I am a fan of Shop-Eat-Surf.

- By Bobby Abdel, Partner, Jack's Surfboards
Industry Insight

SIA: State of the snow industry videos. TAYLOR DIGITAL: Website tools to increase sales.

Details on Industry Insight.


Tiffany Montgomery
Print This Article

Zumiez to expand to Canada, brokerage says

By Tiffany Montgomery
June 16, 2010 9:45 AM

Zumiez is expanding into Canada, according to an announcement on the website of a Canadian brokerage firm.

The real estate brokerage company Northwest Atlantic (Canada) Inc. says it is representing Zumiez throughout Canada.

The first target area is the greater Vancouver area, according to the announcement. Zumiez is headquartered just outside of Seattle.

Zumiez is looking for retail space that is 2,400 to 3,200 square feet. I have a request in to Zumiez for comment.

It definitely has money to invest in an expansion. Zumiez had $97 million in cash and current marketable securities at the quarter ended May 1.

Zumiez entry into the Canadian market could impact West 49, Inc., Canada’s main mall-based action sports retailer with 138 stores in nine provinces, under the banners West 49, Billabong, Off The Wall, Amnesia/Arsenic and D-Tox.

West 49 reported a net loss of $2.6 million in the quarter ended May 2. It had no cash or cash equivalents on its books at the end of the first quarter and bank debt of $9 million, according to its financial reports.

Shoe retailer Journeys, which carries a large selection of skate shoes, also recently entered the Canadian market with three stores in the Toronto area. Journeys and Zumiez compete on skate footwear at malls across America.

Canada also has a vibrant independent retail scene. To read more about the Canadian market, read our special report on action sports business in Canada.

 

 


Articles You Might Have Missed