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Zumiez Q4 profit up 22%; 60 new stores planned for 2013
Lynwood, Wash. -- Zumiez Inc. said Thursday its fiscal fourth quarter net income rose 22.1% to $22.9 million on improved sales.
Revenue for the quarter, ended Feb.2, (14 weeks) increased to $224.4 million from $183.9 million in the year-ago period (13 weeks). Same-store sales fell 1%.
Zumiez said it plans to open about 60 new stores in the current fiscal year, including up to 10 stores in Canada and six stores in Europe.
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Brown Shoe swings to profit in Q4
St. Louis -- Brown Shoe Co. reported Friday that net income of the fourth quarter was $4 million, compared with a loss of $8.2 million in the year-ago period.
Sales rose to $640.2 million from $628.9 million.
For full year 2012, profit edged up to $27.5 million from $24.6 million. Sales increased to $2.59 billion from $2.58 billion.