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By
Reuters
Published
Apr 8, 2009
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Zumiez March same-store sales fall 17.9 pct

By
Reuters
Published
Apr 8, 2009

April 8 (Reuters) - Snowboarding gear retailer Zumiez Inc (ZUMZ.O) posted a wider-than-expected 17.9 percent drop in March same-store sales due to weak sales at its apparel and accessories business. Analysts on average expected same-store sales to fall 14 percent, according to Thomson Reuters Estimates.


Speed Demons Decks at Zumiez - www.zumiez.com

The shift in Easter to April hurt March sales as "the week preceding Easter is important," finance chief Trevor Lang said in a pre-recorded call.

The retailer of action-sports-related apparel, footwear, equipment and accessories said total net sales for the five-week period ended April 4 fell 5.4 percent to $29.8 million.

Zumiez, which operates 350 stores, caters to men and women between ages 12 to 24 years.

Shares of the Everett, Washington-based retailer closed up 12 percent at $10.01 Wednesday on Nasdaq.

For related alerts, double click (Reporting by Renju Jose in Bangalore; Editing by Deepak Kannan)

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