ASAP fashion news archive - apparel industry news from before September 2005
This page is part of the ASAP fashion news archive on Apparel Search, which collected apparel, fashion and textile industry news from before September 2005. For current coverage, see the Apparel Search news page and the fashion blog.
From: ASAP
Gadzooks, Inc. (Nasdaq: GADZ)announced that sales for the four weeks of fiscal January ended February 1, 2003 decreased 5.1 percent to $16.9 million from $17.8 million for fiscal January 2001. Comparable store sales decreased 7.7 percent for the January period, compared to a 0.8 percent decrease for fiscal January of 2001.
Sales for the 13 weeks of the fourth quarter ended February 1, 2003 decreased 0.5 percent to $96.8 million from $97.3 million for the fourth quarter of fiscal 2001. Comparable store sales declined 3.1 percent for the quarter, versus a 3.9 percent decrease for the last quarter of fiscal 2001.
For the 52 weeks of fiscal 2002, total sales increased 3.7 percent to $325.5 million from $313.8 million for fiscal 2001. Comparable store sales have declined 3.4 percent for the fiscal year, versus a 5.1 percent decrease for fiscal 2001.
The Company plans to release fourth quarter operating results before the market opens on March 11, 2003 and host a conference call to review the results at 9:30 a.m. CST the same day. Instructions for accessing the call will be provided in future press releases.
For further details, please call 972-662-4201 to listen to Gadzooks' monthly sales commentary.
Dallas-based Gadzooks, Inc. is a mall-based specialty retailer of casual apparel and related accessories for young men and women. The Company currently operates 435 Gadzooks stores and four Orchid stores, for a total of 439 stores in 41 states.