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Reuters
Published
Aug 5, 2009
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Zumiez July same-stores sales fall 16.8 percent

By
Reuters
Published
Aug 5, 2009

Aug 5 (Reuters) - Skate and snow-boarding inspired retailer Zumiez Inc (ZUMZ.O) posted a narrower-than-expected 16.8 percent fall in July sales at stores open for at least a year.


www.zumiez.com

Analysts on average expected July same-store sales at the retailer to fall 20.8 percent, according to Thomson Reuters Estimates.

Total net sales for the four-week period ended Aug. 1 fell 5.6 percent to $29.9 million.

Zumiez, which sells clothing and equipment for skaters, snowboarders and the like, saw a fall in same-store sales in all its departments, a company executive said on a pre-recorded sales call.

August results will be hurt by a calendar shift in Labor Day, and September results will be positively impacted, he said.

Zumiez shares closed at $10.13 Wednesday 5 August on Nasdaq. (Reporting by Mihir Dalal in Bangalore; Editing by Deepak Kannan)

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