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 »
The way The Buckle 10K and conference call come across, you can’t quite decide, at first read, if they’ve made a specific decision to focus on brick and mortar or if they are just way, way behind in online. I think it’s the former given how they describe their business and how they compete.
It’s Not All About the Omnichannel? Could That Be Okay? The Buckle’s Annual Report Read More »
It’s all the Lydians’ fault. The Lydians were a people who lived in what’s now Eastern Turkey in the second millennium BC. Herodotus, writing around 450 BC, tells us this about them: “…the Lydians lived their lives in a way not dissimilar to the Greeks. So far as we know they were the first people
Amazon’s Retail Plans Read More »
Globe published its results for the six months ended December 31st on February 21st and I missed it. Better late than never I guess. Happily for Globe, its largest market in Australasia was strong because revenues in Europe and North American (NA) were down pretty dramatically. Total revenues fell 10.6% from $79.1 in the six
The U.S. is Tough on Another Company: Globe’s Half Yearly Results Read More »
I’m always grateful when a company has a short 10K and conference call. I’m efficient at spotting the meat in a 10K, but it’s easier when it’s 77 pages, as Zumiez’s was, instead of 177 pages. Though when it’s 177 pages, there’s usually some really interesting stuff. Zumiez doesn’t need more than 77 pages. They
Zumiez’s Annual Report and Some Questions I’d Ask if I were an Analyst. Read More »
It’s accurate to say that VF ran into the same issues and economic dislocations as other brands and retailers. During their fourth quarter, ended December 31, 2016, revenues fell 2.7% from $3.41 billion to $3.32 billion in the quarter ended December 31, 2015 (the prior calendar period- PCP). Net income was also down from $312
How Was VF’s Year? Read More »
Six months ago, reporting on Billabong’s results for the whole year, I said this was a challenging turnaround, Billabong was doing things right, they were starting to see results, but the market was tough, and implementing their plan was taking longer and costing more (perhaps because it’s taking longer) than they’d initially expected. That’s all
Billabong’s Six Month Report: The More Things Change, the More They Stay the Same Read More »
Let’s just jump right to a comment CEO Nick Woodman made during the conference call. “I would say that we are more focused on revenue and margin and less focused on volume on a unit basis.” That sounds to me like GoPro is more interested in the higher end of the market. And they should
GoPro’s Year and Quarter: Doing the Right Things, But…….. Read More »
It was, I think, a couple of years ago when I said, 3D printing of various products is on its way. I suggested maybe getting a 3D printer for a few thousand bucks and experimenting with it. Maybe print some key chains or stuff like that. The responses were along the lines of “Oh, sure,
Here It Comes; 3D Printing for Apparel Read More »
Last week was spent in Arizona on an annual excursion with old friends playing golf. In my case, bad golf. There may also have been a cocktail or two involved. Anyway, as I left, GoPro came out with its 10K annual report and, while I was gone, Billabong reported its half yearly numbers. So I’m
Nordstrom is Struggling with the Same Issues All Retailers Have Read More »