Leading Specialty Retailer Of Action Sports Related Apparel."
operates as a leading specialty retailer of
action sports related apparel, footwear, equipment and accessories operating
under the Zumiez brand name. As of July 30, 2011, the Company operated 424
stores primarily located in shopping malls, giving them a presence in 38
states and Canada.
Its apparel offerings include tops, bottoms, outerwear, and accessories,
such as caps, bags and backpacks, belts, jewelry, and sunglasses; footwear
offerings primarily consist of action sports related athletic shoes and
sandals; and equipment offerings or hardgoods comprise skateboards,
snowboards, and ancillary gear, including boots and bindings. The company
also offers a selection of other items, such as miscellaneous novelties and
DVDs. The company's stores cater to young men and women between the ages of
12 and 24 focusing on skateboarding, surfing, snowboarding, bicycle
motocross, and motocross sports.
Announced that total net sales for the
five-week period ended October 1, 2011 increased 18.3% to $52.9 million,
compared to $44.7 million for the five-week period ended October 2,
The Company's comparable store sales
increased 10.1% for the five-week period, on top of a comparable store
sales increase of 17.0% in the year ago period.
For the nine-week period ended October 1,
2011, the Company's comparable store sales increased 6.8%, on top of a
12.4% comparable store sales increase for the same period last year.
Based on better than planned sales, the
Company has increased its guidance and now expects fiscal 2011 third
quarter sales of $150 to $152 million and net income per diluted share
is now projected at approximately $0.40 to $0.41, an increase from the
previously issued guidance of net income per diluted share of
approximately $0.37 to $0.39. This guidance is predicated on a mid
single digit comparable store sales increase for the third quarter.
Brooks, has served as Chief Executive Officer since June 2000. From August
1993 through June 2000, he served as a Vice President and Chief Financial
Officer. From November 1989 until February 1992, Mr. Brooks was with
Interchecks, Inc., a subsidiary of Bowater PLC, as a finance officer. Mr.
Brooks was with Deloitte, Haskins & Sells, currently known as Deloitte
LLP, from July 1982 to March 1989. Mr. Brooks holds a B.A. in Business from
the University of Puget Sound. Mr. Brooks has served on the University of
Puget Sound Board of Trustees from May 2002 to the present, where he
currently serves as the Chairman of the Board of Trustees as well as serving
on its Executive Committee, Development and Alumni Relations Committee and
K. Kilbourne - President and General Merchandise Manager
Lynn K. Kilbourne, has served as President and General Merchandising Manager
(“GMM”) since September 2008. Prior to September 2008 and since
September 2004, Ms. Kilbourne served as Executive Vice President and GMM.
From July 1991 until May 2001, she was with Banana Republic, a subsidiary of
Gap, Inc., in various senior management positions. After leaving Banana
Republic, Ms. Kilbourne served as an independent consultant in the retail
industry until she joined Zumiez in September 2004. Ms. Kilbourne holds a
B.A. in Economics and Political Science from Yale University and an M.B.A.
from the Harvard University Graduate School of Business Administration.
Stolzman - Chief Financial Officer and Secretary
Marc D. Stolzman, age 45, has served as Chief
Financial Officer and Secretary since August 2011. He had served as the
Chief Financial Officer of Blue Nile Inc., a worldwide online retailer of
diamonds and fine jewelry, from June 2008 through November 2010. From March
2007 until June 2008, Mr. Stolzman was the Chief Financial Officer of
Imperium Renewables Inc, a company in the bio-diesel manufacturing and
distribution business. Prior to Imperium, Mr. Stolzman was the Senior Vice
President Finance and Business Development, International at Starbucks
Coffee Company, a retailer, roaster and distributor of coffee and tea, from
July 2003 until January 2007. Prior to that time, Mr. Stolzman held various
finance and accounting positions at Starbucks, including CFO of its Japanese
operations, since joining Starbucks in May 1994.
6300 Merrill Creek Parkway
Everett, WA 98203
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the Company, within the meaning of Section 27A of the Securities Act of 1933
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