I love golf. That’s because I have an uncanny ability to only remember the good shots and to believe, in spite of all evidence to the contrary, that there’s no reason I shouldn’t play well next time. This, of course, is one popular definition of insanity- but perhaps I should move on.
I was reading Zumiez’s 10-Q and conference call and came across a question from an analyst (Sharon Zackfia from William Blair) on labor scarcity and wage pressures. Here’s what she asked: “I guess I’m curious from a labor standpoint kind of as labor gets scarcer and scarcer and wages are going up, how — what […]
Well, how nice to be reporting the results of an Australian company that’s making money. Life was not as good for Globe in the second half of the year as in the first. Still, it feels like they are doing most things right. I suppose I should confess that they sent me a copy of […]
I’ve been encouraged by a couple of readers to pay attention to SurfStitch, which I haven’t typically covered. But now I am. Turns out, it’s way too interesting not to. SurfStitch (SS for short) is an ecommerce retailer through the three sites SurfStitch.com, Surfdome.com, and Swell.com. It also has three sites it calls media platforms; […]
Billabong published its results for the year ended June 30th last week. The headline numbers (all numbers in Australian dollars) are revenue from continuing operations of $1.10 billion and a net loss after tax of $23.7 million. The numbers for last year (pcp- prior calendar period) were revenue of $1.06 billion and a profit of […]
Here I go again- telling you stuff I think you need to know but that’s kind of unpleasant to hear. I’d love to help you ignore it (come to think of it, I’d love to ignore it too), but it’s just not in my DNA.
This is the first earnings release and conference call since Dave Powers, who was previously President, took over as CEO from Angel Martinez at the end of May. He steps into the position at a time when Deckers, as well as other brands and retailers, are suffering from general economic conditions and the continuing growth […]
Skull filed its 10-Q for the June 30 quarter on August 9th. As you are probably aware, there are a couple of dueling offers to take the company private out there. At this point, I’d be surprised if they didn’t end up private- I’m just not sure of the price or who the owner will […]
After the results we’ve seen from VF in previous quarters and years, this quarter’s can only be characterized as disappointing. Just goes to show you how difficult the market is right now. They’ve got lots of company. Total revenue rose just 0.75% to $2.445 billion. VF ended the quarter with 1,461 brick and mortar stores […]
You know, I always try to write things that identify a valuable business lesson. The valuable business lesson here I guess is do what Vail did. While I think there are a couple of interesting industry considerations, I can’t strategically fault this deal. Vail by no means got a great deal with a price of […]
