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.

For the full story check this link to Seaking Alpha.

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