Of Fast Forward's 19 stores, 16 are in Texas, two are Oklahoma and one is in California. All of the units will be changed into Zumiez locations over the next 18 months. The companies first announced the deal in May.
"Fast Forward gives us instant access to consumers in Texas, where we currently have just three stores, only two of which overlap with Fast Forward," says Rick Brooks, president and CEO of the locally based Zumiez.
The acquisition will be part of Zumiez's expansion of 42 new stores this year. Zumiez management expects the acquisition to add between one and two cents to earnings per share this year and to add approximately form eight to nine cents a share in 2007.
During its first quarter, which ended April 29, Zumiez posted a year-over-year same-store sales increase of 19.7%. With its quarterly results, executives raised guidance for the year from 61 cents per share to between 65 cents and 66 cents. Management has predicted that the US has the potential for 800 total Zumiez units.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
