Serendipitously, I hear this is also the last season of the TV show “The Walking Dead.” But while I expect that TV franchise to continue in some form, the same can’t be said for Sears. I know it’s supposed to be a restructuring, but no amount of financial engineering can compensate for Sears’ lack of […]
Lessons from the Not Entirely Unexpected Sears Bankruptcy Filing Read More »
Back on September 11, due to some speculation in the media, Amer Sports confirmed that it had “…received a non-binding preliminary indication of interest…from a consortium comprising ANTA Sports Products Limited and the Asian private equity firm FountainVest Partners…” to buy all of Amer Sports’ shares at a cash price of forty Euros per share.
Somebody Wants to Buy Amer Sports Read More »
From time to time, just for fun, I review public filings of companies I haven’t written about. Hibbett Sports, with 1059 stores in 35 states at the end of their August 4th quarter, is one of those companies. The quote in the title got my attention, to put it mildly. It’s not quite as bad
On September 12, VF’s management team made a lengthy presentation to the investment community outlining Van’s expected future growth. In the accompanying press release they stated, “Over the next five years, the Vans® brand expects diversified and balanced growth across all product categories, channels of distribution and geographies, driven by disciplined execution and investment to
That’s a lot to cover. I had some hope this would be short. Let’s start with strategy and quote CEO Rick Brooks from the conference call. “Our top and bottom line results…are a direct result of our relentless commitment to winning with today’s empowered consumer. Our success continues to be driven by the strength of
Moosejaw, Wikipedia tells us, “…is an online and brick and mortar retailer specializing in outdoor recreation apparel and gear for snowboarding, rock climbing, hiking, and camping. The company was founded in 1992 by Robert Wolfe and David Jaffe, two longtime friends who chose to sell camping equipment instead of becoming wilderness guides. [3] Moosejaw is
MooseMart- the Moosejaw Store on Walmart Read More »
In its 10-Q Tilly’s describes itself as “…a leading destination specialty retailer of casual apparel, footwear and accessories for young men, young women, boys and girls with an extensive assortment of iconic global, emerging, and proprietary brands rooted in an active and social lifestyle.” We all know what a destination retailer is; a store that
“A Destination Retailer.” Tilly’s August 4 Quarter Read More »
I like Globe. They’ve always had a good attitude, have been able to spot opportunities, and have acknowledged and moved to correct mistakes when they happened. They are, as a result, a company I want to write about because I think we might all learn something. Unfortunately, their required statutory report for the year ended
Globe Had a Good Year- But It’s Hard to Tell How They Did It Read More »
With its restructuring expenses largely behind it ($55.3 million since February 2016) and net sales up 19.5% for the quarter ended June 30 compared to the same quarter last year, Deckers reported a good result. Sanuk continues to be the laggard, and I still won’t be surprised to see Deckers management sell the brand, though
Deckers Has Strong Quarter- Sanuk Feels Like an Afterthought Read More »
It’s interesting to review this recently released 10-Q, as it discusses VF before the recent announcement that they will spin off the jeans business as a separate public company. With hindsight, you can see how their strategy would lead to that decision. I’ll also outline the company’s change in their business segments and, of course,
Strategy, Housekeeping and the Numbers: VF’s June 30 quarter. Read More »