Zumies reported a decline in it’s Q2 profits which in turn prompted shares to fall 9%. Despite sales growth being up 20%, the company has shown a decline in profits. There seems to be a general trend away from the teen apparel sector as well. In August, same store sales, teen/child apparel retailers seemed to be the worst performers among other apparel retailers.
About The Author
With over three decades of history, the SBC brand has been a leader in pioneering and supporting the progression and evolution of action sports, in partnership with the leading industry brands since day one. Whether it’s creating Canada’s first national slopestyle and halfpipe snowboard series; leading the charge to build Eastern Canada’s first major skate plaza; bringing the first live bands to the slopes of Whistler, Lake Louise, Mont Tremblant and Blue Mountain; staging the first night halfpipe event in North America; establishing the world’s biggest wakeboarding contest; throwing the biggest parties in action sports; or supporting the most legit contests and films big and small; it’s always been about doing it right for the riders by the riders, as it always should be!