U.S. Labor Market; What Shape is it Really In?
Here’s a good, short article on where we really stand.
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Globe’s Results for the Year: Poor Bottom Line, But Operating Progress
While I was buried under Billabong’s annual report, Globe also filed theirs for the year ended June 30. Globes proprietary brands, in case you don’t remember, include Globe, Callaz, Dwindle, Enjoi, Blind, Almost, Cliché, Darkstar, Tensor, Speed Demons, Dusters, and FXD. Its licensed brands include Stussy and Vision Streetwear. For the year, Globe’s revenues rose 24%
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As If Running a Winter Resort Wasn’t Hard Enough
The top and bottom of Park City are owned by two different companies. They are in a fight over, naturally, money and it has the potential to mean the resort won’t open this winter. I hope it doesn’t come to that. They might find that keeping loyal customers is way easier than getting back
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Billabong’s Annual Results: Progress on a Long Road
As I recall, the report I wrote on Billabong last year broke the 4,000 word barrier. I’m probably the only person who read the whole thing. But there was chaos and uncertainty last year and it seemed necessary to explain everything that was going on. As of this year’s end at June 30, there’s still chaos and
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Thoughts on the Omnichannel; Decker’s June 30 Results and Sanuk’s Impact
Deckers is mostly of interest to us because of their ownership of Sanuk. We’ll talk about how Sanuk is doing. But Deckers management say some interesting, perhaps even insightful, things about online business and the omnichannel and I want to focus on those as well. Let’s start by getting some of the numbers out of the way. In
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The Great Deformation: The Corruption of Capitalism in America
If you finish The Great Deformation: The Corruption of Capitalism in America, by David Stockman, you should get a t-shirt saying you made it through. At 700 pages, it’s a journey. It tells you things about what’s gone on since the Federal Reserve was created, and right through 2012, that you won’t find anywhere in the
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Maybe a Public Company Can Actually Pull This Off! Skullcandy’s June 30 Quarter
I’ve written probably way more times than you want to hear about how it’s been a good time to focus on brand building, distribution, and gross margin dollars rather than generating big sales increases that can only be realized in the short term with resulting long term damage to a business. And I’ve sympathized with
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Losing a Big Customer Sucks: SPY’s Quarter
Long time readers have been through the saga of Spy with me. But for the last couple of years, they’ve pretty much done things right. They’ve cleaned up inventory, managed expenses down, focused on a niche they can compete in, strengthened the management team, done some innovative product things, gotten out of products that weren’t working, and
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Vestis Retail Acquisition of Sport Chalet to Move Forward
As you know, Vestis Retail Group has been in the process of doing a tender offer for the shares of Sport Chalet. We learn this morning that they’ve acquired enough shares for the deal to go forward. Here’s a link to a press release making the announcement. And here’s a link to my original article explaining the
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All About Outdoor & Action Sports: VF’s Quarter
That the outdoor and action sports segment (OAS) of VF’s business is critical to its overall success is pretty obvious from the numbers. Total company revenue for the quarter rose 8% from $2.22 to $2.4 billion. OAS revenue rose 16% from $1.1 to $1.28 billion. OAS generated more than 53% of the quarter’s total revenues. OAS revenue experienced “…double-digit
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