Zumiez has reported a 35.3 percent dip in its global sales for the first quarter ended on May 2, but indicated that the rate of decline has slowed in subsequent weeks. On May 2, only 9 percent of its 719 stores in North America, Europe and Australia were open. By May 30, 69 percent of them were back in operation, including 432 Zumiez stores in North America, 49 Blue Tomato stores in Europe and 12 Fast Times stores in Australia. The group’s total sales were still down by 8.6 percent in the four-week period ended May 30, compared with a 2.6 percent increase in the same period of 2019. On the other hand, comparable sales were up by 38.5 percent in the physical stores that were open in May, while e-commerce showed a big jump of 181.6 percent year-on-year. Anyhow, because of the retail lockdowns, the first quarter ended May 2 generated a net loss of $21.1 million for the group on total revenues of $137.8 million, in spite of major cost cuts. This compares with net income of $0.8 million on sales of $212.9 million in the year-earlier quarter. Cash and current marketable securities went up, and the company ended the quarter with no debt on its books.