23
Fashion Jobs
BEST SELLER
Payroll Coordinator Slovenia
Permanent · LJUBLJANA
JACK & JONES
Sales Representative Jack & Jones Slovenia
Permanent · LJUBLJANA
INDITEX
Svetovalec za Prodajo / Blagajnik (m/ž)
Permanent · KOPER
INDITEX
Svetovalec za Prodajo / Blagajnik (m/ž)
Permanent · LJUBLJANA
INDITEX
Svetovalec za Prodajo / Blagajnik (m/ž)
Permanent · CELJE
BEST SELLER
Business Developer
Permanent · LJUBLJANA
BEST SELLER
Finance Business Partner
Permanent · LJUBLJANA
NAME IT
Sales Representative Name IT Slovenia
Permanent · LJUBLJANA
SELECTED FEMME/HOMME
Sales Representative Selected Slovenia
Permanent · LJUBLJANA
VERO MODA
Sales Representative Vero Moda Slovenia
Permanent · LJUBLJANA
C&A
Prodajni Svetovalec 808 Koper, 40h
Permanent · KOPER
H&M
Prodajalec (m/ž) - Sales Advisor 40h
Permanent · MURSKA SOBOTA
SPORTS DIRECT
Prodajalec - Sports Direct, Btc
Permanent · LJUBLJANA
H&M
Prodajalec (m/ž) - Sales Advisor
Permanent · LJUBLJANA
JACK & JONES
Sale Assistant (Fulltime) Jack & Jones Celje City Center/Slowenien
Permanent · CELJE
JACK & JONES
Shop Manager (Fulltime) Jack & Jones Celje City Center/ Slowenien
Permanent · CELJE
JACK & JONES
Sale Assistant (Fulltime) Jack & Jones Planet Koper/Slowenien
Permanent · KOPER
JACK & JONES
Store Manager (Fullime) Jack & Jones Planet Koper / Slowenien
Permanent · KOPER
C&A
Prodajni Svetovalec 808 Koper, 40h
Permanent · KOPER
BEST SELLER
People & Culture Business Partner
Permanent · LJUBLJANA
BEST SELLER
Marketing & Communications Specialist
Permanent · LJUBLJANA
BEST SELLER
Accounts Receivable
Permanent · LJUBLJANA
By
Reuters
Published
Sep 6, 2009
Reading time
2 minutes
Download
Download the article
Print
Text size

Zumiez shares jump on narrower-than-expected comp sales decline

By
Reuters
Published
Sep 6, 2009

Sept 3 (Reuters) - Shares of Zumiez Inc (ZUMZ.O) soared as much as 22 percent on Thursday 3 September, a day after the company reported a narrower-than-expected decline in August sales at stores open at least a year, prompting a brokerage to upgrade the stock.


zumiez

Robert W. Baird raised the stock to "outperform" from "neutral," and said the company may post better-than-expected third-quarter results.

"We now think the worst is behind the company, and we could potentially see some upside to expectations over the near term," analyst Mitch Kummetz said in a note to clients.

Kummetz said Zumiez will benefit as its competitor, Pacific Sunwear of California Inc (PSUN.O), was becoming less of a viable action sports retailer, evidenced by the company's exit from the skate shoe category.

"We believe that Zumiez is well positioned for long-term growth, as the company is still early in its development relative to other teen retailers," said the analyst, who raised his price target on the stock by 23 percent to $16.

On Wednesday 2 September, the mall-based retailer, which sells skate and snow-boarding inspired apparel and accessories, posted a 12.1 percent fall in same-store sales, while analysts were expecting a 18.9 percent decline.

Shares of Zumiez were trading up $2.08 at $14.31 Thursday (3 September) morning on Nasdaq. They had touched a high of $14.90 earlier in the session.

(Reporting by Mihir Dalal in Bangalore; Editing by Anne Pallivathuckal)

(([email protected]; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: [email protected])) Keywords: ZUMIEZ/SHARES

(C) Reuters 2009. All rights reserved. Republication or redistribution ofReuters content, including by caching, framing or similar means, is expresslyprohibited without the prior written consent of Reuters. Reuters and the Reuterssphere logo are registered trademarks and trademarks of the Reuters group ofcompanies around the world.nBNG191947

© Thomson Reuters 2024 All rights reserved.