That’s not quite true. I want to talk about Sanuk, though probably for the last time. There’s not a mention of the once high-flying brand in the conference call, and it only comes up in the 10-Q because, inconveniently I imagine, they have to acknowledge its existence. For the quarter ended September Sanuk revenue was […]
Nobody Wants to Talk About Sanuk, But Deckers Has an Outstanding Quarter Read More »
It’s not my purpose to simply report earnings. That’s why you don’t see an article every time an industry public company reports. By waiting for the actual publicly filed document, I hope to glean a few pieces of information that might make you think-bring you up short even- and perhaps help you run your business
Ho Hum- Another Strong Quarter for VF. And a Few Thing to Make You Think Read More »
For its September 30 quarter, 436 store Big 5 reported a small decline in revenue and a larger decline in net income. More significant to me are comments in the conference call that suggest a very traditional retail focus, rather than one acknowledging the massive changes required to succeed at retail. Revenue in the quarter
In Touch with Reality? Big 5 Sporting Goods Quarter Read More »
I believe in cycles; there will be another recession (sooner rather than later is my personal belief). There will be another major stock market correction at the end of which will be glorious buying opportunities. We are coming to the end of another debt super cycle (see the book This Time is Different; Eight Centuries
I Believe in Cycles- Even for Retail Read More »
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 »