By their standards, Zumiez didn’t have much of a quarter in the three months ended August 1. Revenue rose just 1.76% from $176.7 million in last year’s quarter to $179.8 million in this year’s. Net income fell from $7.46 to $3.21 million. Here what CEO Rick Brooks says happened. “For the second quarter and back-to-school […]
Zumiez’s Quarterly Report and Retail Market Conditions Read More »
What Great Brands Do by Denise Lee Yohn was published in 2014. I met Denise when I was in the San Diego area to make a speech and talk to a company about some consulting. Honestly, I don’t read business books as often as I used to (which explains why this page isn’t updated more
What Great Brands Do by Denise Lee Yohn Read More »
I’m kind of late writing about this, but Quiksilver inconveniently filed for bankruptcy right before I went on vacation and I was focused there. The headline is that Globe improved its performance. However, there isn’t much to analyze. Basically they tell us, “We did good and think we can do better.” Hope so. Anyway, here’s
Globe’s Results for the Year; Good, but What’s Going on in North America? Read More »
In the aftermath of Quik’s bankruptcy filing, the 10Q feels like an afterthought. Still, it’s worth a brief review. There was no conference call. Hell, what’s left to say? In the quarter ended July 31, revenues fell 11.1% to $336 million from $378 million in the same quarter last year. Gross margin didn’t do much
Quiksilver’s 10Q; Not Really a Surprise Read More »
As pretty much everybody knows, Quiksilver filed for Chapter 11 Bankruptcy on September 9th. This is another step in a long process that’s been going on for years now and that we’ve followed together on these pages and in other places. This will not be an explanation of bankruptcy or a discussion of why companies
Quiksilver’s Bankruptcy Filing: And the Beat Goes On Read More »
A reader forwarded this article, published in Australia, to me. I thought it had some good information. I’m particularly intrigued by the short discussion about how Quiksilver and Billabong will or will not be combined or work together. Here’s the link.
Article on Quiksilver Bankruptcy Filing Read More »
What exactly is a Chapter 11 bankruptcy filing and how does the process work? A Chapter 11 is a “reorganization” bankruptcy. That is, it is filed with the assumption that the filer will use the protection of the court to reorganize its finances so that it can continue as a going concern. That doesn’t always
What’s “Bankruptcy” and How Does it Work? Read More »
I’ve resisted writing this, but with the recent article in Bloomberg highlighted by Boardistan and Shop-Eat-Surf reporting, also based on a Bloomberg, that Quik had hired a restructuring firm, I guess there’s no reason not to. What I want to do is take you through Quik’s circumstances and choices based on their most recent balance
The Quiksilver Conundrum; There Has to be a Deal Read More »
What we have here is progress, but still a long way to go. That’s how Billabong’s management characterizes their results, and I agree. I’ll take a look at the financials as reported and with the impact of divestures and certain “significant items” removed. Regular readers know I’m not quite comfortable with some of the stuff
Light at the End of the Tunnel – But it’s Not a Short Tunnel; Billabong’s Annual Report Read More »
We’ve all heard the phrase, “Taking away the punch bowl.” As far as I know, it originated in the 1955 speech of Fed Chairman William McChesney Martin, which is presented below in its entirety. I suspect that most people, if they take the time to read it and have just a little knowledge of current
What the Hell Happened? A Look Back to When the Federal Reserve Did Its Job Read More »