Zumiez Battles Store Closures to Holiday Comp Gain
Zumiez said that Q4 was “the most difficult quarter we have ever had” in a presentation at the ICR conference, with headwinds from the Covid-19 resurgence that closed stores in some markets, and restricted hours and traffic in others. Canada pulled down North American results, while the U.S. was mixed, with stores in the south and east allowed to operate normally, but draconian limits on stores in CA and some other states. Australia was very strong, coming out of an extended Jul.-Oct. lockdown with plenty of pent-up demand for the season. Europe, on the other hand, saw store closures and ... Log in to view full article.