×
168
Fashion Jobs
SH MATRIX ENTERPRISES
Sales Manager
Permanent · Gurugram
PROPERTYXPO.COM
Area Sales Manager| Real Estate Portfolio Management | Gurgaon
Permanent · Gurugram
DLIGHT ENERGY PVT. LTD.
Hiring For Area Sales Manager | Pune/ Nagpur | d.Light Energy
Permanent · Pune
NATURELAND ORGANIC FOODS PRIVATE LIMITED
Area Sales Manager (Chennai)
Permanent · Chennai
NATURELAND ORGANIC FOODS PRIVATE LIMITED
Area Sales Manager (Maharashtra)
Permanent · Mumbai
EXTRAMARKS EDUCATION
Area Sales Manager- B2B Sales
Permanent · Nashik
OLIVE GREEN CONSULTING LLP
Urgently Looking For Area Sales Manager
Permanent · National Capital Region
DEEP CHAND DIALYSIS CENTRE PVT. LTD.
Immediate Joining For Area Sales Manager @ Kolkata
Permanent · Kolkata
MEDLEY PHARMACEUTICALS LTD
Area Sales Manager/ District Manager - Bhopal
Permanent · Bhopal
DREAM HOME PLASTO WARE IND
Production Manager
Permanent · Alwar
MEDLEY PHARMACEUTICALS LTD
Area Sales Manager/ District Manager - Bhopal
Permanent · Bhopal
EXTRAMARKS EDUCATION
Area Sales Manager- B2B Sales
Permanent · Nashik
TITAN BIOTECH LIMITED
Area Sales Manager
Permanent · Hyderabad
OPERA CLOTHING PRIVATE LIMITED
Production Manager For Garment Manufacturing Factory
Permanent · Daman
LEVI'S
Associate Sap Ptp Business Analyst
Permanent · Bengaluru
FEDBANK FINANCIAL SERVICES LTD
Area Sales Manager For Gold Loan - Chennai
Permanent · Chennai
DR MEDITECH SURGICAL AND DIAGNOSTICS INDIA PVT LTD
Production Executive / Production Manager (Biochemistry & Hematology
Permanent · National Capital Region
INFEXN LABORATORIES PRIVATE LIMITED
Medical Representative/ Area Sales Manager
Permanent · Navi Mumbai
ELLIOTT MOSS
IT Sales Manager
Permanent · Mumbai
GRAND CHEMICAL WORKS
Area Sales Manager - Jaipur gt
Permanent · Kota
IGENETIC DIAGNOSTICS /HEALTH MAP DIAGNOSTIC PVT LTD
Area Sales Manager/Territory Manager
Permanent · Pune
RANDSTAD INDIA PVT LTD
Market Development Manager - Horeca Sales
Permanent · National Capital Region
By
Reuters
Published
Sep 6, 2009
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

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 2022 All rights reserved.