Retail stocks come under early selling pressure as Commerce Department data show U.S. retail sales fell 0.5% in June, the second straight monthly drop.
Sports apparel retailer Zumiez Inc. said Tuesday it won't be buying Canadian retailer West 49 Inc., saying it has not been able to reach an agreement over the due diligence process.
Zumiez Inc. (NASDAQ: ZUMZ), a leading specialty retailer of action sports related apparel, footwear, equipment and accessories, today announced that the Company has elected to discontinue its pursuit of an acquisition of Canadian action sport retailer West 49 Inc. On July 9, 2010, West 49 issued a press release announcing that Zumiez had advised West 49 that, subject to a satisfactory due diligence review in its sole discretion, it would be prepared to make an offer, that would not be subject to a financing condition, to acquire all of the outstanding common shares and preferred shares of 20
SAN FRANCISCO (MarketWatch) -- Zumiez Inc. said late Wednesday its same-store sales increased 10.9% for the five weeks ended July 3, compared to 8.5% rise expected by analysts polled by Thomson Reuters. The teen apparel retailer said total net sales increased 16.4% to $37.2 million. Shares fell 1.9% in after-hours trading. 2010 07 07 16:22
Zumiez Inc. (NASDAQ: ZUMZ), a leading specialty retailer of action sports related apparel, footwear, equipment and accessories, today announced that total net sales for the five-week period ended July 3, 2010 increased 16.4% to $37.2 million, compared to $32.0 million for the five-week period ended July 4, 2009. The company's comparable store sales increased 10.9% for the five-week period, versus a comparable store sales decrease of 19.3% in the year ago period. 2010 07 07 16:00
Zumiez Inc. (NASDAQ:ZUMZ) a leading specialty retailer of action sports related apparel, footwear, equipment and accessories, today announced that the Company?s conference call to discuss first 2010 05 10 16:02
On May 28, 2010, we published a report for our clients that highlighted the companies that we suspected had the greatest EPS upside/downside in 2H 2010 (click here for report (.pdf)). This report also included some earnings analytics commentary for a number of additional retailers.
We picked 5 companies that we believed had the greatest EPS upside in 2H 2010 and 9 companies that we believed had the greatest EPS downside in 2H 2010 (see table below).
Overall, the retail sales numbers for the month of June were mixed to slightly positive. This is a good sign considering the sudden lack in consumer confidence and the increased talk of a double-dip recession. When companies such as Nordstrom (JWN) and Limited (LTD) are reporting solid numbers it backs my prediction that a double-dip recession is not likely in the US.
Good morning. The talk about town these days seems to be centered on the idea that the results from the bank stress tests in Europe (scheduled for release on July 23rd) are going to come in largely better than expected. This was at least part of the reason behind Wednesday's joyride to the upside of 275 points as traders appear to be "buying the rumor" on the European banking front.
In case this concept is new, traders often buy on the "rumor" of a specific outcome in front of a ...
Zumiez (ZUMZ) management finally provided the answer to the question we had re: the EPS impact of the company’s accounting change (click link here).
The accounting change added $0.02 to EPS in Q1 2010. Therefore, the company actually missed consensus EPS expectations in the quarter. Funny how the company (1) tried to bury the fact that it changed its accounting policy by only mentioning it on the conference call, and (2) made no mention of the EPS impact until the filing of the 10-Q.
For the last year and three months I have written a weekly piece on industry rotation that is largely based on price momentum, and described in this old piece that I wrote: A Different Look at Industry Momentum. I have my doubts about that piece around turning points and in choppy markets. I stated as much in my later piece A Different Look at Industry Momentum — II. It seems that the momentum effect has been declining over...
There’s nothing more frustrating than holding a winning position only to have a Wall Street analyst downgrade the stock and cut your profits. Subscribers to the ZachStocks Newsletter recently purchased Zumiez Inc. (ZUMZ) as it broke out to a new 52 week high, clearing a four week consolidation. The trade was profitable until Thursday...
March same-store sales numbers were released for a large number of retailers today, and the results really show why the group has been moving higher lately. The average change in March '10 sales versus March '09 sales for the companies listed below was +10.8%. When comparing actual versus estimates, Cato Corp (CATO) was by far the best with a spread of 20 percentage points (+24% vs. +4%).
Overall, 22 out of the 24 companies listed below came...
Retailers are partying like it’s 1999 as a combination of an early Easter and warmer weather across much of the country, pent-up discretionary demand from consumers, and extremely easy comparisons to the year-ago period helped companies post their best same-store sales gains in more than a decade in March.
Preliminary results show total sales increased 11.4% from a year ago to $36.5 billion for the 30 retailers we track, while same-store sales surged 9.2% compared to a 4.7% drop last March. This is the seventh straight gain after 12 consecutive months of declines, and the best showing since March...
Wednesday was a busy day for Hot Topic (HOTT), the goth-friendly retailer. After the market closed, the company released same store sales for March, which came in at -7.5% versus the expected -11.2%. The company continues to report on a very impressive 2009 period which was boosted by massive Twilight-related sales.
On the brighter side, the Torrid division posted a same store sales increase of 9% for March and 9.7% for the quarter to date. Geared toward plus-size females aged 15-29, Torrid's 155 stores represent...
The big question Friday was: Which data point is speaking truth between retail sales and consumer sentiment, and which is anomalous? We explore the possibilities here, and offer reasoning for why the contrast exists in the first place.
By Chip Brian Below are the top five companies in the Apparel Retail industry as measured by the short interest ratio. A higher short interest ratio may indicate the potential for a sizeable short ...
Cost Plus, Inc. (NASDAQ:CPWM) is the 1st best-performing stock year-to-date in this segment of the market. It has risen 225.49% since the beginning of this year. Its price percentage change is 145 ...
By Chip Brian SmarTrend has detected shares of Zumiez (NASDAQ:ZUMZ) have bullishly opened above the pivot of $17.95 today and have reached the first resistance level of $18.44. We are watching for ...
July 21--SALEM -- Two young women and two teenage girls were arrested Monday for allegedly shoplifting from at least eight different stores. Loss prevention personnel at the Gap store in the Mall ...
By Chip Brian Below are the top five companies in the Apparel Retail industry as measured by the short interest ratio. A higher short interest ratio may indicate the potential for a sizeable short ...
EVERETT, WA, Jul 13, 2010 (MARKETWIRE via COMTEX) -- Zumiez Inc. (NASDAQ:ZUMZ) , a leading specialty retailer of action sports related apparel, footwear, equipment and accessories, today announced ...
By Chip Brian SmarTrend has detected shares of Zumiez (NASDAQ:ZUMZ) have bullishly opened above the pivot of $18.09 today and have reached the first resistance level of $18.63. We are watching for ...
SYDNEY -(Dow Jones)- Billabong International Ltd. (BBG.AU) on Monday said West 49 Inc. (WXX.T), with which it entered into a definitive acquisition agreement on June 30 for C$1.30 a share, has ...
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