Summer has been a hot topic in resort circles for years. I’ve run a couple of snowboard companies so understand what extreme, snow dependent, seasonality means. I’ve visited resorts, written about resorts, but never worked for one. SAM, I think, thought I was the right balance of insider and outsider for this assignment. At the […]
Quiksilver reported a loss of $37.6 million for the April 30 quarter compared to $60.9 million in last year’s quarter. Last year’s quarter included a loss of $23 million loss on discontinued operations. Ignoring that, the net losses are almost identical. Net revenue fell 16.1% from $397 to $333 million. The revenue results by operating
Quiksilver’s April 30 Quarter; Where is Sales Growth Going to Come From? Read More »
I guess what I’d like to do is start with the list from their 10-Q of where the company will be focusing their turnaround efforts. “• Putting the customer at the center of everything we do Defining a clear positioning for our brands in a rapidly changing and highly competitive marketplace Delivering a compelling and
Abercrombie & Fitch’s May 2nd Quarter: Another Turnaround in Progress Read More »
Here’s an article that contains additional information on why she resigned. I might not normally choose to post this, but it may provide some additional insight into Quiksilver’s turnaround efforts. You can decide for yourself what significance it has or does not have.
Further Information on Elizabeth Dolan Resignation from Quiksilver Board Read More »
There wasn’t that much to say in either the 10-Q for May 2nd or the conference call. Bottom line is we’re all kind of hanging out waiting to see if PacSun can get further traction with its strategy before the continuing losses take too big a toll on the balance sheet and some more dramatic
PacSun’s Quarterly Results: More of the Same Read More »
Deckers (owner of Sanuk) has gone and changed their year end from December 31st to March 31st. So the recently released 10K reports on the year that ended March 31st, 2015 compares it to the year ended December 31st, 2013 as well as reporting on the quarter that ended March 31st 2015. I’ll compare the
Deckers’ Annual Report: Can Niche Brands Become Global Lifestyle Brands? Read More »
Quik filed an 8K today announcing that a director, Elizabeth Dolan, had resigned from the board effective immediately. Here’s what she said in her resignation letter. Dear fellow Quiksilver Directors: It is with regret that I inform you that I am resigning from the Quiksilver board effective immediately. I joined this board with a strong
Quiksilver Director Resigns- and She Doesn’t Sound Happy. Read More »
A gentleman named Jerry Useem wrote an article with this title for the June 2015 issue of The Atlantic. You can read the whole article here. It reviews research on how behavior in the work place impacts your success or failure. I would urge you to read the whole thing, but I particularly want to
Why It Pays to be a Jerk Read More »
Most of you are probably aware that the Surf Industry Summit took place in Cabo starting about 10 days ago. The keynote speaker on the first night was Quiksilver founder and Chairman Bob McKnight. His speech was somewhat controversial. The text is available on Shop Eat, Surf, but only if you’re an Executive Member. I’m
The Surf Industry and Bob McKnight’s Conference Speech: Points of Contact Read More »
We all give lip service to the speed of technological change. I imagine most of you have heard that the first driverless 18 wheel trucks are on the highways in Nevada. For the time being, they’ve got a driver accompanying them, but I don’t expect that to last. Here’s a link to the story in
Speaking of Technology…… Read More »