In the quarter ended November 1, Tilly’s grew its sales 6.1% to $131.3 million compared to the same quarter last year. But net income fell 17% from $6.15 million in last year’s quarter to $5.11 million. Meanwhile, in the conference call, President and CEO Daniel Griesemer’s first statement about the result is as follows: “We’re
Net Income Down 17% But It’s All Part of the Plan? Tilly’s Quarter Read More »
Well, Zumiez had a pretty good quarter. Net sales rose 11.6% to $213.3 million from $191.1 million in last year’s quarter. “The increase reflected the net addition of 54 stores…and a comparable sales increase of 3.7% for the three months ended November 1, 2014.” Those numbers include ecommerce sales, which rose 15.7% and represented 11.2%
A Long Term Plan; Zumiez’s Quarter Read More »
Here are the 2 presses releases from today on the deal. Altamont Capital Partners Leads Majority Recapitalization of Fox Head, Inc. Palo Alto, Calif., Dec. 10, 2014 – Altamont Capital Partners (Altamont) today announced it is leading a majority recapitalization of Fox Head, Inc. (Fox), the number one global motocross equipment, apparel and accessory brand.
Press Releases from Altamont and Pete Fox on the Acquistion of Fox Head by Altamont Read More »
You may recall that back in September this article told us that Fox Head was for sale. Fox, as you know, sells action sports and motocross apparel and accessories. You probably also recall that former DC Shoes Global President Nick Adcock, who was on the board of directors at Fox, took over as CEO on
Altamont Capital Partners Acquires Fox Head Read More »
For the quarter ended November 2nd, PacSun reported its 11th straight quarter of positive comparative store sales growth. They grew sales 4.7% to $212.4 million compared to $202.8 million in the same quarter last year. $7.1 million came from the increase in comparable store sales. The gross profit margin rose from 25.2% to 26.7%. 1.1%
Retail Positioning and PacSun’s Quarter Read More »
Billabong Chairman Ian Pollard and CEO Neil Fiske both spoke at the Billabong shareholder meeting on November 21. Billabong, like Skullcandy, is an acknowledged turnaround in process. Both are using the fact that the public markets designate them as such to approach their turnarounds in what I consider to be the right way. I would
The Elements of a Turnaround; Billabong’s Shareholder Meeting Read More »
Deckers, the owner of Sanuk, not to mention UGG and Teva, had a great quarter. Revenue rose 24.2% to $480.3 million from $386.7 million in last year’s quarter. The gross margin was up from 43.2% to 46.6%. The acquisition of their brand distributor in Germany and a decline in the cost of sheep skin had
Deckers Turns in an Impressive Quarter (Except for Sanuk) Read More »
I trust you’ve all been following this. Some companies in their conference calls are acknowledging that they’ve brought in some inventory early in case things go south in the negotiations. I would imagine that unions feel they have the most leverage now during the holiday shopping season. Most of you have product that arrives in
Possible West Coast Port Strike or Slowdown. Read More »
I love it when a plan starts to come together. Especially when it’s a plan I’ve endorsed and follows an approach I’ve been recommending for many companies since about 2008. As you know, I’ve been concerned that public companies have pressures on them to grow that make it hard to be brand builders because getting
Hints of a New Business Model; Skullcandy’s Quarter Read More »
Last time I wrote about SPY (see it here) in August, they had reported a quarter over quarter sales decline of 18.1% from $10 million to $8.2 million. They told us their largest retail sunglass customer had stopped carrying their brand in the quarter that ended June 30. But in that quarter’s 10Q they said
SPY’s September 30 Quarter: Not Bad Read More »