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Gadzooks Reports November 2003 Sales Results

From: ASAP

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Gadzooks, Inc. (Nasdaq: GADZ) today announced that sales for the four weeks of fiscal November ended November 29, 2003 decreased 31.1 percent to $16.4 million from $23.8 million for fiscal November 2002. Comparable store sales decreased 28.1 percent for the November period, compared to a 1.2 percent decrease for fiscal November of 2002. For the first 43 weeks of fiscal 2003, total sales decreased 18.9 percent to $204.8 million from $252.5 million for the comparable period of fiscal 2002. Comparable store sales have declined 18.0 percent for the first 43 weeks of fiscal 2003, versus a 3.3 percent decrease for the first 43 weeks of fiscal 2002. For further details, please call 972-662-4201 to listen to Gadzooks' monthly sales commentary. Dallas-based Gadzooks is a specialty retailer of casual clothing, accessories and shoes for 16-22 year-old females. Gadzooks currently operates 412 Gadzooks stores and four Orchid stores, for a total of 416 stores in 41 states.

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