EVERETT — Clothing retailer Zumiez reported earnings Thursday, saying the total net sales for 2009 slipped to $407.6 million, down 0.3 percent from 2008.
The fourth-quarter of 2009, also reported Thursday, showed a stronger rebound compared to 2008: a net-sales increase of 5.6 percent to $132.4 million.
The Everett-based company’s net income for 2009 was $9.1 million, compared to $17.2 million in 2008. The last quarter of 2009 brought a net income of $8.8 million, up from $6.3 million the year before.
“The year ended stronger than expected from both a sales and earnings standpoint,” Zumiez CEO Rick Brooks said in a statement.
He added: “While we are not pleased with our annual performance, we are encouraged that the steps we took to reverse the negative trends from early in the year led to improved results during the back half of 2009. We ended fiscal 2009 well capitalized, with more than $108 million in cash and current marketable securities, and will continue to invest in our business to build on our recent momentum and expand our position as the leading retail destination for the actions sports lifestyle.”
Zumiez announced late last month that it will move its distribution center form Everett to California, a move expected to save the company about $1 million annually. According to a warn notice filed with the state, 172 at the Everett warehouse will lose their jobs in April.
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