During the Wachovia Consumer Growth Conference on Oct. 15, Zumiez President and CEO Rick Brooks stressed that the company is on track, despite the tough economic times, to reach its goal of 800 stores.
CFO Trevor Lang acknowledged that 2008 has been a disappointing year for “most of the retail world,” and stated that the apparel side of the business, which makes up about 50% of Zumiez inventory, is where the company has struggled this year.
“The consumer is very smart. They are looking for a deal. We have seen our apparel comps become very tough, both from a sales perspective and a margin perspective,” observed Lang.