FINANCE

Zumiez Q4 profit up 22%; 60 new stores planned for 2013

BY Staff Writer

Lynwood, Wash. — Zumiez Inc. said Thursday its fiscal fourth quarter net income rose 22.1% to $22.9 million on improved sales.

Revenue for the quarter, ended Feb.2, (14 weeks) increased to $224.4 million from $183.9 million in the year-ago period (13 weeks). Same-store sales fell 1%.

Zumiez said it plans to open about 60 new stores in the current fiscal year, including up to 10 stores in Canada and six stores in Europe.

Zumiez said its net income rose 13% in 2012, to $42.2 million. Revenue rose 29%, to $669.4 million from $555.9 million.

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E.Ka says:
Mar-16-2013 03:13 am

That is a good news. In the
That is a good news. In the next quarter it could improve again. they just have to have more promotions. - Steven C. Wyer

E.Ka says:
Mar-16-2013 03:13 am

That is a good news. In the next quarter it could improve again. they just have to have more promotions. - Steven C. Wyer

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REAL ESTATE

H&M amping up U.S. expansion

BY Marianne Wilson

New York — Swedish fast-fashion powerhouse H&M is revving up its U.S. expansion. The retailer opened 40 stores in the United States in 2012, and hopes to open even more this year, according to a report in Women’s Wear Daily.

H&M, as previously reported, will open a 42,500-sq.-ft. flagship at 4 Times Square, in Manhattan, that will boost an enormous LED billboard signage display. The retailer will also open a store on Fifth Avenue at 48th Street that, at 57,000 sq.-ft., will be its largest in the world to date.

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Apr-06-2013 02:37 am

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Mar-20-2013 07:19 am

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Mar-17-2013 08:32 am

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Another place to shop in Manhattan. This a place where you can buy high fashion clothing at a reasonable price. - Michael Courouleau

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FINANCE

Hibbett Sports Q4 income up 22%; to open 65 to 70 stores

BY Marianne Wilson

Birmingham, Ala. — Hibbett Sports reported that net income for its fiscal fourth quarter increased a better-than-expected 22.3% to $19.4 million, compared with $15.8 million for the same period last year.

Net sales for the fourth quarter increased 14% to $217.4 million from $190.7 million in the year ago period. Same-store sales increased 4.9%.

Looking ahead, in its current fiscal year, the company expects to open 65 to 70 new stores, expand approximately 18 high-performing stores and close 15 to 20 stores.

Net sales for fiscal 2013 increased 11.8% to $818.7 million, compared with $732.6 million for fiscal 2012. Same-store sales increased 6.9% on a 52-week to 52-week period.

Net income for the year increased 22.9% to $72.6 million, compared with $59.1 million for the same period last year.

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