The crew at Robust Flavor is sending it with viral videoness. As the proprietor said, “A video on Youtube.com can get one million views, that’s more people than read the action sports magazines. And putting it out on Youtube is free.”
Will be interesting to see how this one works.
[Link: Let Me Smell Yo Dick]
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Looks like Zumiez has at least one fan in the analyst crowd:
Oppenheimer & Co. analyst Roxanne Meyer maintained an “Outperform” rating on shares. She said any dip in same-store sales may hold back growth, but thinks the stock already reflects such expectations.
Much of this apparently “outperform” comes from the potential for the company to “double it’s store base.”
[Link: Forbes]
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According to BusinessWire:
Zumiez Inc. (NASDAQ:ZUMZ) today announced that the Company’s conference call to discuss fourth quarter fiscal 2007 financial results will be broadcast live over the Internet on Thursday, March 13, 2008 at 5:00 p.m. Eastern Time and may be accessed at http://ir.zumiez.com. To listen to the webcast, please go to the website at least 15 minutes prior to the start time to register and download any necessary software.
[Link: BusinessWire]
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Rudy Giuliani’s final stump stop inside Cocoa Beach’s giant Ron Jon surf shop was not enough to help him pull Florida. We’re not really sure why Ron Jon would host Giuliani, but we guess it’s a wonderful way to associate your brand with a loser.
[Link: Baltimore Sun]
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Every year Zumiez has big part for all the people who moved more than 100k in product. This year’s party was held at Keystone, Colorado and the winner sold $600k in gear. Her name is Jennifer Huynh. She got buried in prizes handed out by two-thirds of the boarding trifecta: Kelly Slater and Tony Hawk. If only someone at T-Dub could have mentioned what shop she was from. Follow the link for all the photos.
[Link: TransWorld Snowboarding]
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Shares of Zumiez fell 13 percent to a new year low when the retailer “slashed its fiscal 2007 outlook after it posted holiday sales below its expectations.
Shares of the online and mall-based retailer have slumped nearly 65 percent since their October 2007 highs, as concerns about warm weather hurting winter sales worried investors. . . “Although holiday sales were positive, we did not experience the across the board strength that we had planned for,” Zumiez Chief Executive Officer Rick Brooks said in a statement.
[Link: Reuters]
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Dick’s Sporting Goods has now purchased Chick’s Sporting Goods, the formerly family run retailer with 14 stores in California, according to The Motley Fool.
The $71 million deal for Chick’s is not important for its size. The $100 million in revenue Chick’s realizes in annual sales pales in comparison to the $3.1 billion Dick’s reaped during its last fiscal year. Rather, it’s a warning to other sporting goods retailers: Dick’s is putting its imprimatur on the market nationwide.
[Link: The Motley Fool]
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Yep. If you’re a snowboard shop in Chicago and you sell Burton product get ready to be put in the submission hold until you tap out. Burton will do retail better than you do. Don’t say you weren’t warned.
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Zumiez, Inc. shares are down today after a Piper Jaffray downgraded their rating from “outperform” to “market perform.”
Shares of Zumiez (nasdaq: ZUMZ – news – people ) declined $1.40, or 2.9 percent, to $46.49 in premarket trading. A Piper Jaffray (nyse: PJC – news – people ) analyst cut the stock’s rating to “Market Perform” from “Outperform,” saying shares are fairly valued.
This is in spite of the fact that Zumiez reported higher than expected profits and sales in the second quarter. Zumiez stock is up 96 percent in the past 52 weeks. Not bad if you’re in it.
[Link: Forbes]
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Investors Business Daily is big on Zumiez the day before they announce their quarterly earnings:
But when Zumiez reports fiscal 2007 second-quarter results Wednesday, watchers expect it to shine. July’s strong same-store sales followed a 13.7% gain in June’s same-store sales and an 11.2% rise in May. Total July sales were up 42.4% from the prior year. June’s rose 48.8%, and May’s gained 51.6%
Get all the details by clicking the link.
[Link: Investors Business Daily]
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