Zumiez to Close All Stores in North America
LYNNWOOD, Wash., March 18, 2020 (GLOBE NEWSWIRE) — Zumiez Inc.(NASDAQ: ZUMZ) today announced business updates in response to the continued impact from novel coronavirus (COVID-19).
With the current outbreak of COVID-19, the Company’s primary focus and attention is directed towards the well being of its employees, its customers and the general public as it does its part to help contain this global pandemic. Accordingly, the Company will temporarily close all of its stores in the U.S. and Canada effective as of March 19, 2020. This temporary closure of stores is expected to last until April 3, 2020 but it could be shorter or longer depending on guidance and direction from government and health officials. The Company’s Blue Tomato stores in Europe are also currently temporarily closed pursuant to government directives. The Company will continue to serve its customers in these regions through its ecommerce websites at Zumiez.com, Zumiez.ca, and blue-tomato.com.
Due to the fast-moving nature of this situation and the uncertainty of impacts on revenue and costs, the Company is withdrawing guidance previously issued for the first quarter and full year fiscal 2020. The Company is not providing an updated outlook at this time.
About Zumiez Inc.
Zumiez is a leading specialty retailer of apparel, footwear, accessories and hardgoods for young men and women who want to express their individuality through the fashion, music, art and culture of action sports, streetwear, and other unique lifestyles. As of February 29, 2020 we operated 718 stores, including 607 in the United States, 52 in Canada, 48 in Europe and 11 in Australia. We operate under the names Zumiez, Blue Tomato and Fast Times. Additionally, we operate ecommerce web sites at zumiez.com, blue-tomato.com and fasttimes.com.au