This is a little weird for me, but I’m not going to start with the numbers. Rather, I want to start with some of CEO Michael Marckx’s comments in the conference call. I may not have these quotes exactly right because I can’t type as fast as he talks. He said things like: · “Super service […]
SPY’s March 31 Quarter: Really Good News Read More »
I think the last analysis I wrote on Deckers may have had the same title. Which is okay because though Deckers also owns UGG, Teva and other brands, we’re mostly interested in Sanuk which spring from the surf industry and was acquired by Deckers. I’ll give you a brief overview of Decker’s March 31 results, and then
Decker’s Quarter: What’s Up with Sanuk? Read More »
New President and CEO Hoby Darling has been at Skull north of two months now, and the company has released its first 10Q and had its first conference call with him at the helm. The outlines of his strategy are starting to become clear. Interestingly, you’ll note some similarities with the strategy of certain VF brands as
Skullcandy’s Quarter: I Think I Recognize This Strategy Read More »
VF’s March 31 10Q reported an overall 2.15% increase in revenues from $2.556 billion to $2.612 billion from the same quarter last year (Would have been 1% more, but they sold the John Varvatos brand). But outdoor and action sports revenue was up 9.7% from $1.264 billion to $1.384 billion, representing 53% of total revenue
VF’s First Quarter: Outdoor and Action Sports Continue to Shine Read More »
I was lucky enough last week to be at IASC’s Skateboard Industry Conference. I was sorry to have to leave early, but among the things I enjoyed doing while there was making a presentation. As part of that presentation I showed some numbers provided by Snowsports Industries of America and I wanted to share them with you. Here
Some Interesting Numbers Read More »
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 »