View Post

Good Tidings: December Comp Sales Better Than Expected

In Industry News, Reports, What's New by Accessories StaffLeave a Comment

New York—Despite unpredictable weather and politics in Washington, retailers managed to beat what had been lowered expectations for December comparable store sales. Of the 17 or so major retailers reporting today (excluding drugstores), total December comparable store sales rose 4.5%, topping analysts’ estimates for a 3.3% increase. Even better, the …

View Post

October Retail Comps Up; Sandy Effects Yet to be Felt

In Industry News, Reports, What's New by Accessories StaffLeave a Comment

New York—While October retail comparable store sales increased nearly 5%, some retailers cautioned today that their November—and even holiday totals—could be adversely affected by the Superstorm Sandy. Of the 17 retailers (excluding drugstores) tracked by Thomson Reuters that posted October results today, overall comparable store sales rose 4.7% better than …

View Post

Zumiez Q2 Lower on Costs

In Reports, What's New by Accessories StaffLeave a Comment

Lynwood, WA—Shares of Zumiez Inc. fell Thursday after the specialty retailer reported lower second quarter earnings and gave its third quarter outlook below analysts’ estimates. For the quarter ended July 28, the board sport retailer reported net income of $2.1 million, or 7 cents a diluted share, compared with net …