Northern, WI  11/1/2012 ( BasicsMedia)  —  Zumiez (NASDAQ:ZUMZ): -16% Swallows a Blue Tomato and based on total sales results for the quarter that were below planned sales, primarily due to a challenging sales environment in Europe, the Company is revising guidance and now expects fiscal 2012 third quarter net income per diluted share of approximately $0.38 to $0.39, a decrease from the previously issued guidance of net income per diluted share of approximately $0.42 to $0.45. This guidance includes previously disclosed costs in conjunction with the acquisition of Blue Tomato of approximately $4.0 million, or $0.10 per diluted share.

Zumiez Inc. ( NASDAQ : ZUMZ ) a leading specialty retailer of action sports related apparel, footwear, equipment and accessories announced that total net sales for the four-week period ended October 27, 2012 increased 20.2% to $41.9 million, compared to $34.9 million for the four-week period ended October 29, 2011. The Company’s comparable store sales increased 0.6% for the four-week period, on top of a comparable store sales increase of 3.3% in the year ago period.

The Company’s third quarter (13-weeks) comparable store sales were 3.7% on top of 6.0% in the prior year quarter (13-weeks).

Other retail stocks in the sector had mixed days on Wall Street:

Limited Brands (NYSE:LTD):  -.32  Limited Brands, Inc. operates as a specialty retailer of women’s intimate and other apparel, beauty, and personal care products and accessories primarily in the United States and Canada. It offers lingerie, fragrances, cosmetics, shower gels, lotions, antibacterial soaps, and accessories under the Victoria’s Secret, Victoria’s Secret Pink, Bath & Body Works, C.O. Bigelow, White Barn Candle Company, La Senza, and Henri Bendel brand names.

Hanes Brands (NYSE:HBI): +$1.13   Hanesbrands Inc., a consumer goods company, engages in designing, manufacturing, sourcing, and selling a range of basic apparels in the United States and internationally. It offers T-shirts, bras, panties, men’s and kids’ underwear, casualwear, activewear, shapewear, socks, and hosiery products primarily under the Hanes, Champion, Bali, Playtex, Just My Size, L’eggs, barely there, Wonderbra, Gear for Sports, Stedman, Zorba, Rinbros, Sol y Oro, Outer Banks, and Duofold brands.

Wet Seal (NASDAQ:WTSLA) +.15  The Wet Seal, Inc., a specialty retailer, operates stores that sell fashionable and contemporary apparel and accessory items designed for female customers. The company operates primarily two mall-based chains of retail stores under the Wet Seal and Arden B names. Its Wet Seal stores provide fashionable and basic apparel and accessories for girls; and Arden B stores offer contemporary fashion, dresses, and sportswear separates and accessories for the contemporary woman.

 

Disclaimer:  We have no position in any stock mentioned here.

 

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