Specialty retailer Zumiez Inc sales rise 27.2% in Q3
17 Nov '05
3 min read
Their positive momentum continues and they believe that they are well-positioned from a merchandising perspective as they head into the all important holiday selling season. "
Brooks continued, "Despite a challenging retail environment, they've successfully executed their expansion plan which generated record results.
Their performance underscores the strength of their team, the diversity of their brands and the compelling nature of their concept."
For fiscal 2005, the company plans to open 35 new stores. In the first nine months of fiscal 2005, Zumiez opened 25 new stores and remains on plan for its store openings for the remainder of the year.
Brooks concluded, "They believe Zumiez has created an important niche in the marketplace as the destination, lifestyle retailer for the action sports consumer.
The engaging, interactive feel of their stores, their broad range of products and unique brand offerings, and their well-informed, enthusiastic staff have reinforced this competitive edge.
They remain confident that they have the opportunity to significantly expand their store base and they remain focused on further building their leadership position in the industry."
On November 8, 2005, a secondary public offering of shares of the company's common stock by certain of its shareholders was priced at $35.60 per share.
The offering consisted of 2,731,250 shares of common stock, including 356,250 shares that were subject to the underwriters' over-allotment option.
marketing@alchempro.com
