• Dow Jones Industrial Average4034.161+11.467 - +0.29%
  • NASDAQ Composite1842.98+12.37 - +0.68%
  • S&P 50036.00-0.05 - -0.14%
  • Abercrombie & Fitch Co.0.53+0.0142 - +2.88%
  • American Apparel Inc.10.92-0.12 - -1.09%
  • Black Diamond Inc.47.50+0.03 - +0.07%
  • The Buckle, Inc.76.41+1.09 - +1.45%
  • Genesco Inc.39.870.00 - 0.00%
  • Iconix Brand Group, Inc.65.45+0.58 - +1.06%
  • Jarden Corporation66.00+0.46 - +0.76%
  • Nordstrom, Inc.56.11-0.89 - -1.56%
  • Luxottica Group SpA (ADR)59.56+0.60 - +1.05%
  • Macy's, Inc.73.00-0.10 - -0.14%
  • NIKE, Inc.3.22+0.02 - +0.75%
  • Pacific Sunwear of California, Inc.9.00-0.23 - -2.70%
  • Skullcandy Inc12.77+0.11 - +0.98%
  • Tilly's Inc0.00-0.20 - -0.55%
  • Urban Outfitters, Inc.60.75+0.80 - +1.37%
  • V.F. Corporation8.00+0.02 - +0.31%
  • Quiksilver, Inc.28.00-0.50 - -2.03%
  • Zumiez Inc.0.480-0.005 - -1.03%
  • Billabong International Ltd0.4750.000 - 0.00%
  • Globe International Ltd3.700.00 - 0.00%
  • WESC Publ AB73.00-0.31 - -0.47%
  • WP Stock Ticker

Zumiez Plans To Open 60 New Stores In 2013

Zumiez released its growth strategy for 2013, which includes opening 60 new stores over the course of this year, according to the Form 10-K the company just filed with the SEC.

Here’s more from the Zumiez report:

Growth Strategy

We intend to expand our presence as a leading action sports lifestyle retailer by:

Opening New Store Locations. We believe that the action sports lifestyle has appeal that provides store expansion opportunities throughout the U.S. and internationally. During the last three fiscal years ending with fiscal 2012, we have opened or acquired 133 new stores consisting of 61 stores in fiscal 2012, 45 stores in fiscal 2011 and 27 stores in fiscal 2010. We have successfully opened stores in diverse markets throughout the U.S. and internationally, which we believe demonstrates the portability and growth potential of our concepts. To take advantage of what we believe to be a compelling economic store model, we plan to open approximately 60 new stores in fiscal 2013, including stores in our existing markets and in new markets domestically and internationally. The number of anticipated store openings may increase or decrease due to market conditions and other factors.

Continuing to Generate Sales Growth through Improved Store Level Productivity and Continued Ecommerce Sales Growth. We seek to maximize our comparable store sales, including sales from our ecommerce businesses, and net sales per square foot by maintaining consistent store-level execution and offering our customers a broad and relevant selection of action sports brands and products. We seek to continue to grow our ecommerce sales with a continued focus on enhancing and integrating the unique Zumiez and Blue Tomato brand experiences through this channel. In fiscal 2012, 2011 and 2010, ecommerce sales represented 11.2%, 7.3% and 4.7% of our total net sales.

Enhancing our Brand Awareness through Continued Marketing and Promotion. We believe that a key component of our success is the brand exposure that we receive from our marketing events, promotions and activities that embody the action sports lifestyle. These are designed to assist us in increasing brand awareness in our existing markets and expanding into new markets by strengthening our connection with our target customer base. We believe that our marketing efforts have also been successful in generating and promoting interest in our product offerings. In addition, we use our ecommerce presence, designed to convey our passion for the action sports lifestyle, to increase our brand awareness. We plan to continue to expand our integrated marketing efforts by promoting more events and activities in our existing and new markets. We also benefit from branded vendors’ marketing.