All Zumiez articles – Page 2
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AnalysisThe world’s biggest sports retailers 2021
This exclusive, yearly statistic shows the revenue development of the 50 largest sports retailers worldwide.
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ArticleCurrency, inflation weigh on Zumiez results
Zumiez, the global specialty retailer, which sees Europe, Australia, and Canada as its biggest growth areas, suffered a 74 percent drop in operating income to $10.4 million from $39.8 million for the second quarter that ended Oct. 29. Ebit was $9.6 million versus $41.2 million in the year-ago period as ...
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News briefsBlue Tomato expands in Norway
Blue Tomato has opened a second Norwegian store, after the one in Oslo, in the city of Trondheim. A third is due to follow in Bergen, and there are plans for a store in Rovaniemi, Finland, as well. “Trondheim is located at the center of retail in central Norway and ...
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ArticleSporting goods industry stocks down in Q3
According to SGI Europe’s quarterly study of 40 select sporting goods industry stocks, the drop was less than in Q1 (-16.25%) and Q2 (-14.79%) but marked the third consecutive quarterly decline for the segment. But the results were mixed, as the stock prices of 19 companies – led by Xtep ...
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ArticleZumiez adjusting assortments as customers seek value
Zumiez, the global specialty retailer that operates 70 Blue Tomato stores in Europe, suffered an 85 percent drop in second-quarter operating profit to $5.0 million from $32.0 million for the period ended July 30. Ebit was down by 83 percent to $5.5 million as net income came in 87 percent ...
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News briefsBlue Tomato opens first store in Sweden
Boardsports and streetwear specialist Blue Tomato has chosen Gothenburg for its first Swedish shop. The 260-square-meter retail store is located at Vallgatan 34. Blue Tomato was founded in 1988 by Austrian snowboarder Gerfried Schuller and opened its first store in 1994. Since 2012, the company has been owned by U.S.-based ...
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ArticleZumiez Q1 derailed by tough comparison, higher costs
Operating profit slipped 98.6 percent to $497,000 against $34.3 million for the period ended April 30, as turnover fell 20.9 percent to $220.7 million versus $279.1 million. The retail operator of 741 doors worldwide, including 69 in Europe under the Blue Tomato banner, reported a net loss of $397,000 against ...
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ArticleRatcheting up European store growth, Zumiez sees a path to break-even in the region
Elaborating on its recent strong growth outside North America, Zumiez said it intends to open 14 new stores in various European countries in 2022, including two new markets, to take its door count across the continent to 81 locations. They will be branded as Blue Tomato, the European banner of ...
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Article
Good quarter for Zumiez, despite difficulties for Blue Tomato
Zumiez, the American action sports retailer that owns Blue Tomato in Europe and Fast Times in Australia, improved its net profits by 12.9 percent to $42.8 million in the fourth fiscal quarter ended Jan. 30, 2021, on revenues that rose by 0.8 percent to $331.5 million. E-commerce surged by 31.8 ...
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News briefs
Expanded: Store closures hit Blue Tomato hard
Blue Tomato was hit hard by coronavirus-related store closures in Europe in the 10-week period ended Jan. 9, according to its U.S.-based parent company, Zumiez. However, the group’s Australian action sports retail chain, Fast Times, performed “extremely well.” In the end, the group’s international sales were off by 6.7 percent ...
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Article
Blue Tomato, Fast Times helped Zumiez to post good results
Zumiez, the American action sports retailer that owns Blue Tomato in Europe and Fast Times in Australia, performed well in the third fiscal quarter ended on Oct. 31, thanks to a good performance outside its core North American market. Its net income soared by 51.5 percent from the year-ago quarter ...
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ArticleZumiez’ profits surge by triple digits
Zumiez, the American action sports retailer that owns Blue Tomato in Europe and Fast Times in Australia, bounced back in the second fiscal quarter ended on Aug.1, after a difficult start of the year due to retail lockdowns. Its net income soared by 181 percent to $25.4 million, on revenues ...
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News briefs
Zumiez has weathered the corona crisis relatively well
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 ...
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