ICR XChange Coverage: Zumiez
Able to hold margins during Holiday with clean inventories and gross margins intact, despite lack of snow.++++Pleased with entry into Canada. Needs to go through one-year cycle before expanding there.++++Had 1,100 sales personnel who sold over $100,000 and one who sold over $600,000 in one store.++++Men’s apparel is 33%, footwear 23%, accessories 21%, hardgoods 11%, juniors’ 10% and boys’ apparel 2%.++++Trying to grow juniors’ business.++++Expects to grow to 6-700 stores instead of 800 stores but with multi-channel can reach customers in other ways. Sees e-commerce at 10% of sales.++++January ... Log in to view full article.