Zumiez, Inc. reported a 12.3% decline in same-store sales after a 3.9% increase in comps for the year ago period. Management said the decrease in comps was driven by a decrease in store transactions and a decrease in average unit retail.
The companys total net sales for the five-week period ended Jan. 3 were essentially flat at $72 million. Fiscal December weekly comps were -27.1%, -24.8, -27%, +15.9% and +12.3% for weeks one through five, respectively.
ZUMZ saw negative comps in mens and juniors apparel, accessories, hard goods and boys apparel. Stores west of Texas and in Florida, which comped down in the high negative teen range, continue to post comp store losses below stores in the South, Midwest and Northeast. Stores in the West and Florida make up about 57% of comp store sales.
