Piper Jaffray & Co. Downgrades Zumiez (ZUMZ) to Neutral
Piper Jaffray & Co. downgrades Zumiez (Nasdaq: ZUMZ) from Buy to Neutral. Price target $18.
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- September 17 2008 | 68 views
Jeff Harbaugh discusses Zumiez’s latest quarterly report and provides some insight into credit markets conditions. Click here for the full analysis in this week’s Market Watch.
» Read Full StoryPiper Jaffray & Co. downgrades Zumiez (Nasdaq: ZUMZ) from Buy to Neutral. Price target $18.
» Read Full StoryOn September 2, 2008, Zumiez Inc. appointed Lynn K. Kilbourne as the company’s president and general merchandising manager. Prior to Kilbourne’s promotion to president, she served as the company’s EVP and GMM since Sept. 2004. From July 1991 until May 2001, she was with Banana Republic, a subsidiary of Gap, Inc., in various senior management positions. After leaving Banana Republic, Ms. Kilbourne served as an independent consultant in the retail industry until she joined Zumiez in September 2004.
Net sales climb 13.1% despite analysts’ predictions of a decline.
» Read Full Story“We continue to make positive strides in our ongoing efforts to give our customers a unique specialty retail experience, while controlling costs and effectively managing inventories during this very difficult operating environment. Due to this focus, we exceeded our earnings projection for the first six months of this year. We have opened 39 stores this year and continue to make the investments necessary to build the Zumiez chain to our goal of 800 stores.” —Rick Brooks, President and CEO
» Read Full StoryZumiez Inc. (NASDAQ: ZUMZ) a leading specialty retailer of action sports related apparel, footwear, equipment and accessories, today announced that total net sales for the four-week period ended August 2, 2008 increased 12.7% to $31.7 million, compared to $28.2 million for the four-week period ended August 4, 2007. The company’s comparable store sales decreased 1.4% for the four-week period, versus a comparable store sales increase of 9.7% in the year ago period.
To hear the Zumiez prerecorded July sales message, please dial (866) 862-7693 (no passcode is required).
About Zumiez Inc.
Zumiez is a leading specialty retailer of action sports related apparel, footwear, equipment and accessories. Our stores cater to young men and women between ages 12-24, focusing on skateboarding, surfing, snowboarding, motocross and BMX. We currently operate 324 stores, which are primarily located in shopping malls and our web site address is www.zumiez.com.
Source: Zumiez Inc.
Trevor Lang, Zumiez chief financial officer, reports the latest information on the company’s sales for June 2008, which includes a 3.4 percent decrease in same-store sales compared to Zumiez same five-week period last year.
» Read Full StoryAccording to Zumiez first quarter report released today, May 22, net sales have increased for the company by 14.4 percent to $78.7 million. Read the full report here.
» Read Full StoryZumiez Best Foot Forward is a jam format Am contest series that will give up-and-coming skaters a boost. The BFF series takes off from the Rio Vista skate park in Peoria, AZ on May 27th.
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