When I report on a public company’s results, it’s always important to review the numbers. But the more I do that the more I realize my focus needs to be on how companies are trying to transition to the new retail environment in circumstances of high uncertainty. That is, they must transition to something they […]
A Discussion of Retail Prompted by Deckers’ 10-K Read More »
These quarterly reports from retailers are getting kind of repetitive. It’s not just Tilly’s; they are all controlling inventory, slowing store openings (or closing stores), negotiating with landlords, trying to reduce operating expenses, doing omnichannel things and being generally grateful for anything that improves traffic and generates some incremental sales. Tilly’s conference call printed out
More of the Same: Tilly’s April 29th Quarter Read More »
To my mind, Amazon’s biggest strategic advantage is that they started without brick and mortar retail. The business was built for ecommerce and then, using the systems and data they’ve developed, they could look at brick and mortar making sure to have the right number of stores in the right places configured in the right
What Keeps Jeff Bezos Up at Night- And Why What He’s Doing Should Keep You Up. Read More »
Finally, some positive movement in the trade show space. I’ve hung back on writing about this for a few days but SIA President Nick Sargent sent out an email to all SIA members announcing and describing the deal, which is subject to approval by SIA’s premium members. The email from Nick was labeled “CONFIDENTIAL: DO NOT
Some Positive Trade Show News; Emerald Exhibitions to Acquire the SIA Show Read More »
Well, there you have it. At some level, it is that simple. But let me complete CFO Scott Roe’s comment in the conference call. “…we are sharply focused on fundamentals and willing to sacrifice a little growth in the near term for quality. Our efforts are clearly paying off in the gross margin line. And
“Sacrifice a Little Growth…for Quality.” VF’s March 31st Quarter Read More »
This morning, the Seattle Times featured this article telling us that REI wage hikes for store employee announced last summer will be costing the company $24 to $25 million. The company’s net income for its last complete year was $38.3 million. Meanwhile, my oldest son sent me this article from Investor’s Business Daily, telling us
Retail, Technology, Consolidation, and Unintended Consequences Read More »
People don’t like people who make them uncomfortable. And when I do it, like now, I’m pretty sure it makes it less likely I get calls for consulting. But I’m all about trying to help you to run your businesses better and think you need the bad news as well as the good. Probably you
Projected Retail Closings and Job losses for the Year Read More »
Zumiez has been telling us for some time now, correctly I think, that they are approaching the number of Zumiez stores the U.S. market can support. They ended their January 31 year with 603 U.S. stores. No doubt they will continue to selectively open (and close) stores and there is certainly no exact number of
Zumiez’s New Concept Store Read More »
Last Week Emerald Exhibition (EE) filed the S-1 that includes the first draft of its prospectus to go public. Because it’s the first draft a lot of information (like price per share and number to be sold) is missing. Still, it’s worth a review. We’ll summarize the company’s history and activities, look at the financial
GoPro’s press release of yesterday had the following title: “GoPro to Offer $150 Million of Convertible Senior Notes due 2022.” Well, okay, they’ve run through a lot of cash lately. That they might want to raise some makes sense. We don’t yet know anything about the terms. “The interest rate, conversion rate, offering price and
An Intriguing Transaction: GoPro Wants to Sell Some Debt. Read More »