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Gadzooks Reports August Sales Results 2003

From: ASAP

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Gadzooks, Inc. (Nasdaq: GADZ) today announced that sales for the four weeks of fiscal August ended August 30, 2003 decreased 34.4 percent to $20.0 million from $30.5 million for fiscal August 2002. Comparable store sales decreased 33.6 percent for the August period, compared to a 6.4 percent decrease for fiscal August of 2002. For the first 30 weeks of fiscal 2003, total sales decreased 14.1 percent to $159.3 million from $185.5 million for the comparable period of fiscal 2002. Comparable store sales have declined 14.1 percent for the first 30 weeks of fiscal 2003, versus a 3.4 percent decrease for the first 30 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, shoes, fragrances and cosmetics for 16-22 year-old females. Gadzooks currently operates 412 Gadzooks stores and three Orchid stores, for a total of 415 stores in 41 states.

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