While reports of the return of the teen fashion shopper have been mixed, Canada’s West 49 (the Zumiez of Canada) has announced that they lost $2.6 million on sales of $40.9 million in quarter one ending May 1, 2010, according to a story in The Star.
During the quarter, same-store sales fell 2.6 per cent, and were particularly squeezed in Alberta and British Columbia largely due to weather and the sluggish regional economy in parts of the West. . . . West 49 said that reductions in selling, general and administrative expenses offset a decline in profit margins, while the company gained efficiencies in some of its operations.
It would appear that Canada is a little behind in the “recovery” as they are in pretty much everything else.
[Link: The Star]
Great jab on Canada eh?
“It would appear that Canada is a little behind in the “recovery” as they are in pretty much everything else.”
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