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48-year-old nostalgic mall retailer will close 25 stores in 2026
Yahoo Finance· 2026-03-27 03:17
Core Insights - Zumiez, a leading specialty retailer founded in 1978, is adapting to changes in the retail landscape by planning to close 25 stores in fiscal 2026, which includes 20 in North America and five internationally [2][3] - The company reported a 4.4% year-over-year increase in net sales for the fourth quarter of 2025, with comparable sales rising by 2.2% [10] - Despite the store closures, overall sales in North America continue to grow, indicating a shift in consumer preferences rather than a decline in brand performance [6] Company Overview - Zumiez operates 716 stores globally under various banners, including Zumiez, Blue Tomato, and Fast Times, as of February 28, 2026 [4] - The closures are part of a long-term optimization strategy, reflecting a broader industry shift away from lower-performing mall locations [3][5] Financial Performance - For the full fiscal year ending January 2026, revenue grew across nearly all regions, with U.S. sales increasing by 5.5% year over year [10] - The planned store closures are framed as a strategic move rather than a direct response to declining demand, highlighting the company's resilience amid industry changes [3][7]