There are two things I really like about PacSun’s 10K annual report (read it here) which was filed last Friday. The first is that they are more or less through closing stores. From a peak of 950 stores in 2008, they ended their February 3rd fiscal year with 644 stores. They closed 38 stores in fiscal 2008, 40 […]
PacSun’s Strategic Positioning and Results for the Year Read More »
Paul Naude and Sycamore Partners (“NS”) have made a non-binding bid of AUD $0.60 for each share of Billabong yesterday, down from their preliminary bid of $1.10. Billabong has given them an exclusive period of ten business days to complete their investigation and finalize the bid. You can read Billabong’s press release here. It’s the “proposal update” under
Naude/Sycamore Bid $0.60 for Billabong, but Deal Not Done Yet Read More »
Nike filed its 10Q for the quarter ended February 28th on April 4th. You can see it here. An actual analysis of their financial statements seems like a waste of time. I’ll mention a few comments I pulled out, but then I want to get on to what they are saying about e-commerce as it seems to be
The Confluence of Internet with Brick and Mortar, and Notes from Nike’s 10Q Read More »
It’s been years since we’ve had an annual or quarterly report from SPY so focused on growing the brand and with so little mention of managing past problems. Remember, though, that all I know and write about is what I hear in the conference call or read in the public documents. Speaking of which, here’s the link
SPY’s Sales Up, Loss Reduced; But There’s Still That Pesky Balance Sheet Read More »
I’ve talked before about brands becoming retailers and retailers becoming brands. There’s a lot of uncertainty as to what that would mean and how it would cause the market to evolve. I’ve also said that the best retailers make the brands they carry credible- not the other way around. That’s true, but I don’t think I completely
Zumiez Annual Results and its Evolution as a Brand Read More »
I have been writing recently about organizational dynamics, changing CEOs, and the situational authority you have when you walk into a turnaround. My own experience is that when things suck and you walk in as the new guy, it’s really liberating because you can try anything. About five weeks ago, Skull’s founder Rick Alden returned as
Skull Candy’s Results and Management Change; Rick Alden Rides Again! Read More »
Using Quik’s recent changes as an excuse, I wrote a week or so ago about the dynamics of organizational change in companies experiencing new business environments. You can see that article here. Now, Quik has come out with their 10Q for the quarter ended January 31, 2013 and held a conference call. A lot of what they said
Quiksilver’s Quarter and the Impact of New Management Read More »
Deckers, the owner of UGG and Teva as well as Sanuk, filed their 10K annual report with the SEC and I’ve been through it. As you may remember, Deckers bought Sanuk on July 1, 2011 so the year ended December 31, 2012 is the first complete year with Sanuk included. For the year, revenue rose 2.8%
Interesting Comments From Deckers; What Will They Do With Sanuk? Read More »
Globe filed its financial results for the six months ended December 31, 2012 on February 28th. There’s not a lot of information, but I thought it was worth a brief look. The headline is that sales rose 3.8% from $42.3 million to $43.9 million. Those numbers are in Australian Dollars as are all the numbers in
Globe’s Six Month Results; Sales Rise, Profit Falls Read More »
VF filed its 10K annual report with the SEC three days ago, so I’ve been able to get a more complete picture of their performance for the year and quarter. You can see that report here. As you probably know, VF is a large consumer conglomerate that owns 30 brands including Vans, The North Face, Reef and
VF’s Strategy; Why it is Consistent with the Competitive Environment Read More »