Billabong held its annual meeting on November 22. Back in August, I reported on Billabong’s results for the year ended June 30. Here’s the link to that article. The headline numbers then (all numbers in Australian dollars) were revenue from continuing operations of $1.10 billion and a net loss after tax of $23.7 million. I […]
Billabong’s Annual Meeting: The Future’s Still Coming Read More »
I like to characterize a sudden good idea as getting whacked on the side of the head by a two by four. Today, I got whacked by a lily. My wife’s birthday is tomorrow and I walked into a convenient florist to order some flowers. Except what I walked into was a little café. Quite
The Shape of Brick and Mortar to Come? Read More »
Deckers, as you know, owns Ugg, Teva, and Hoka as well as Sanuk and some other smaller brands. Their second quarter kind of reflected the economic and competitive conditions we’re seeing as most companies report their results. However, Deckers is making a solid overall profit. Total revenue at $485.9 million didn’t change much. It was
Finally, a Sign of Life at Sanuk: Deckers’ September 30 Quarter Read More »
I like GoPro’s strategy. Or at least, I don’t know what other strategy I could choose to pursue as a public company in their space. Here’s how they describe its evolution in the 10-Q for September 30. “What began as an idea to help athletes document themselves engaged in sport, GoPro has become an end-to-end
The Same Old Competitive Conundrum: GoPro’s September 30 Quarter Read More »
We’re All in This Together: Things to Think About from VF’s Quarterly Report VF’s 10-Q for the quarter ended September 30 showed up last week. As usual, I’ll look at the numbers. But I want to focus on several statements and action VF highlights in their conference call and 10-Q. They highlight the extent to
We’re All in This Together: Things to Think About from VF’s Quarterly Report Read More »
I want to talk about taking a long term perspective, unforeseen consequences, not learning from history and maybe confirmation bias. A couple of things have serendipitously come across my desk as the same time that made me renew by thinking on these issues. I seem to find my best business lessons everywhere but in business
The Wallons and Skate Longboards Read More »
There has been much ringing of hands and gnashing of teeth around the subject of snowboard participation and what to do about it. Studies have been done and programs implemented. What has their impact been? Hard to know, because we don’t know what things would look like if they hadn’t happened. SIA reports there were
Growing Snowboard Brand Revenue; the Active Outdoor Market and Year Around Resorts Read More »
It was a couple of weeks ago that PacSun finally released its year end financials for January 30, 2016. Arguably, nobody cares given the time that’s passed, the bankruptcy filing and the fact that they’ve now emerged from bankruptcy. But a brief review of the numbers tells us something about how the company deteriorated to
My Farewell to PacSun as a Public Company Read More »
I’ve stolen that title from the article I want you to read. It’s of particular interest to me because I live in the Northwest. More precisely, in Bellevue across the lake from Seattle. As an aside, the really good thing about living in the great state of Washington (regardless of your political affiliation) during this
Robots Invade Retail Read More »
Tilly’s has the same issues all retailers are facing, and their response isn’t really different. But at least they grew their sales and net income a bit. Revenue in the quarter ended July 30 rose 4.9% to $136.4 million from $130.0 million in last year’s quarter that ended August 1, 2015. They also managed to
What All Retailers Are Doing: A Short Note on Tilly’s July 30 Quarter Read More »