From: ASAP
Gadzooks, Inc. (Nasdaq: GADZ) announced that sales for the four weeks of fiscal November ended December 1, 2001 increased 10.3 percent to $23.5 million compared to $21.3 million for fiscal November last year. Same store sales declined 8.8 percent from the comparable four weeks ended December 2, 2000. The Company reported a 6.0 percent
same store sales increase for fiscal November last year. For the first 43 weeks of fiscal 2001 ended December 1, 2001, total sales increased 11.3 percent to $240.1 million compared to $215.8 million for the first 43 weeks of fiscal 2000. Same store sales declined 5.9 percent from the comparable 43 weeks ended December 2, 2000. Same store sales increased 10.1 percent for the first 43 weeks of fiscal 2000. "While our comp store trend is still negative, our November sales results were somewhat better than our expectations," stated Jerry Szczepanski, chairman and chief executive officer. "Also encouraging is the fact that our comp trend improved appreciably during the month, from down about 12 percent for the first two weeks, to down about 8 percent for the final two weeks." "During the final week of the month, we promoted our new gift card," Szczepanski
continued. "We believe that this new program could have a positive impact on sales as we approach the peak holiday shopping period." 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 principally between the ages of 14 and 18. The Company currently operates 429 Gadzooks stores and four Orchid stores, for a total of 433 stores in 40 states. Certain statements contained in this news release may be deemed forward-looking statements that involve risks and uncertainties. Reference is made to the "Risk Factors" section of the Company's Annual Report on Form 10-K for the fiscal year
ended February 3, 2001, for factors that, among others, could cause the actual results of the Company to differ materially from those contained in the forward- looking statements.
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