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Zumiez sales trends slowed in September, says William Blair

William Blair lowered its September same�)store sales estimate for Zumiez to up 1%-2% from 4% as it believes the company's sales trends slowed following a strong start to the month. The firm adds that quarter�)to�)date markdown levels in Q3 are somewhat above Q2. However, William Blair thinks investor sentiment is already weak and reiterates an Outperform rating on the stock.