jeff | Jeff Harbaugh

PacSun’s April 30 Quarter; How Long for the Strategy to Get Traction?

While CEO at Pacific Sunwear, Sally Frame Kasaks took some appropriate tactical actions. The problem, I conjectured at the time, was that she just didn’t “get it” when it came to the youth culture market/action sports market. Gary Schoenfeld, when he became CEO, knew that PacSun’s success ultimately depended on its ability to reconnect with its core […]

PacSun’s April 30 Quarter; How Long for the Strategy to Get Traction? Read More »

A Little More Information on Volcom’s Sale to PPR

Kering (Volcom)

Often when a deal happens, all you know for sure is what’s in the press release. Typically that press release doesn’t offer a completely objective perspective about the process and motivations that lead to a deal. But if it’s a public company, and you’re willing to dig into mounds of fine print, sometimes you can find out

A Little More Information on Volcom’s Sale to PPR Read More »

Orange 21’s (Spy Optic) March 31 Quarterly Results; Additional Financing Required.

Spy

Really, not that much has changed at Orange 21 since I wrote about their annual report and management restructuring back in April. But its quarterly 10Q “…anticipates that it will need additional capital during the second quarter of 2011 and in subsequent periods to support its planned operations in 2011, and intends to raise cash through

Orange 21’s (Spy Optic) March 31 Quarterly Results; Additional Financing Required. Read More »

Skullcandy’s Latest Filing for its IPO

Skullcandy

On June 1st, Skullcandy filed a third amendment to the registration statement for its initial public offering. Once again, I haven’t compared the documents word for word to spot every change. The addition I want to bring to your attention is the inclusion of financial statements for the quarter ended March 31, 2011. Here are the summary financial

Skullcandy’s Latest Filing for its IPO Read More »

Sanuk Gets Bought, Who’s Deckers Anyway, Analysis of the Deal, Broader Industry Implications, and Related Ramblings

Deckers (Sanuk)

Three times sales?!?! They sold a $43 million company for $120 million cash plus an earn out?!?! Not in the middle of snowboard industry lunacy in the mid 90s did a company go for three times sales. Okay, there are three possibilities. First, the team at Sanuk (here’s the website link) is a bunch of silver tongued negotiating devils. Second,

Sanuk Gets Bought, Who’s Deckers Anyway, Analysis of the Deal, Broader Industry Implications, and Related Ramblings Read More »

Zumiez’s Quarter: Good Result, Same Concerns Everybody Else Has

Zumiez

Zumiez filed its 10Q yesterday for the quarter ended April 30. It was a pretty good quarter compared to the same quarter the previous year. Sales were up almost 19% to $106 million on a comparable store sales increase of 12.6%. The number of comparable store transactions increased but dollars per transaction fell. They also opened a net of

Zumiez’s Quarter: Good Result, Same Concerns Everybody Else Has Read More »

Skullcandy Files Another Amendment to Its S1

Skullcandy

Skull filed another amendment to its S1 on May 11. You can see it here. I confess that I have not compared both documents side by side and word for word to discover differences. I can tell you that the newly amended S1 has pretty pictures in it at both the beginning and the end which will be

Skullcandy Files Another Amendment to Its S1 Read More »

Volcom’s March 31 Quarter and Some Related Thoughts on the PPR Deal

Kering (Volcom)

We’re probably down to the last one or two quarterly filings we’re going to see from Volcom as all filings will cease when the PPR acquisition of Volcom closes. There was no conference call this quarter because of the impending deal, so all I’ve got to work with is the 10Q. Total revenue was up 12.6%

Volcom’s March 31 Quarter and Some Related Thoughts on the PPR Deal Read More »

Skullcandy’s IPO; What’s New?

Skullcandy

I guess it was around the time of the SIA show in Denver that Skullcandy announced they were going to do an initial public offering. They came out with the draft of the prospectus, and I took a pretty detailed look at it. Typically, the “quiet period” after you file with the SEC lasts 40 to

Skullcandy’s IPO; What’s New? Read More »

PPR Buys Volcom, Probably

Acquisitions, Kering (Volcom), Volcom

You know, I should have seen this coming and been sitting on 10,000 shares. But no such luck and anyway, I don’t own shares in companies I write about. Still, the deal’s not a complete surprise. Vans, DC, Reef, Sector 9 and Hurley are a partial list of industry companies that have been acquired by larger companies that

PPR Buys Volcom, Probably Read More »