Globe filed its annual report for the year ended June 30, 2019 pretty much concurrently with the announcement that it had sold Dwindle to Highline Industries Corporation. Skatewire reported that the purchase price was $1.5 million, but what the annual report says is that the carrying value of the assets was $1.5 million. I haven’t
Globe Sells Dwindle and Files Its Annual Report Read More »
It was July 22nd when Vail announced it had reached an agreement to purchase Peak Resorts for $11.00 a share or a total of $264 million. Peak Resorts, traded publicly under the symbol SKIS, closed at $5.19 on July 19. Hard to say “no” when somebody offers you more than double your stock price. Vail
Consolidation and Finding New Participants; Vail Buys Peak Resorts Read More »
In its conference call and 10Q filing for its May 4th quarter, Hibbett said some interesting things about what it’s doing. Let’s take a brief look at Hibbett and its numbers then talk about how Hibbett is trying to adjust to the changing retail world after its very late start. Hibbett describes itself as “…a
Hibbett Sports Says Some Interesting Things: Can They Catch Up in Ecommerce? Read More »
In 5,000 years of recorded history, there isn’t another known instance of negative interest rates. Now we’ve got about $13 trillion of securities with negative interest rates around the world. So far, that hasn’t happened in the United States, but don’t assume it won’t when we finally get a recession. Money is a commodity. It
A couple of years ago Zumiez stopped reporting comparable store sales changes and started reporting just comparable sales changes. That is, they no longer told us how their brick and mortar stores were doing in isolation from ecommerce. They were one of the leaders in making this change. Now, it’s how most retailers report. Their
Is There Value in Reporting Comparable Store Sales? Zumiez’s Quarterly Results Read More »
VF’s secret sauce isn’t secret. It’s just hard to do. Executing the strategy takes leadership, a quality team, organizational consensus, and a certain level of confidence and perhaps willingness to fail to take advantage of uncertain times. You’ve probably realized that every company needs those things. So let’s take a deep dive into how VF
Emerald and SIA are kind of, for now anyway, joined at the hip due to their ownership/continued involvement in the Snow Show. They are both trying to respond to profound changes in the active outdoor market that are changing their business models. I thought I might kill the proverbial two birds with one stone and
Emerald Exposition’s Results, SIA and the Trade Show Environment Read More »
For years bordering on decades, we’ve wrung our hands over the issue of increasing participation. There’ve been programs and research and money spent. Maybe without those programs things would be worse. But so far, they don’t seem to have moved the needle the way we want. We’ve got financial, demographic, and climatic factors in the
Increasing Snowsports Participation: Are We Asking the Right Questions? Read More »
“At the end of the second quarter of Fiscal 2018, we successfully launched our e-commerce website,” Hibbett Sports (HS) tells us in their 10-K for the year ended February 2nd. This isn’t news. I wrote about it last October when I discussed their quarterly results. If you’re not already familiar with HS, you might review
Hibbett Sports: Annual Results and Omni-Channel Progress After a Remarkably Late Start. Read More »
The title of the press release is “Authentic Brands Group Acquires Volcom.” Well, not exactly. The Authentic Brands Group (ABG) press release goes on: “…ABG has taken a minority stake in Liberated Brands, the newly-formed operating company for Volcom. Todd Hymel and Volcom’s current management team have taken the majority stake in Liberated Brands and
Volcom Sold by Kering to Authentic Brands Group, Kind Of. Read More »