Zumiez undertakes cost saving measures

Zumiez Inc. has announced that all Zumiez brand stores in the U.S. and Canada as well as the company’s Blue Tomato stores in Europe and Fast Times stores in Australia will remain closed until further notice. The company said in a statement that it ended fiscal 2019 with over 250 million dollars in cash and no debt. The company has initiated several measures to reduce expense and preserve cash.