My youngest son and I went out to get our Christmas a week or so ago. I headed towards our usual lot, expecting to pay something like $60 for a tree when we spotted a sign that read, “Christmas Trees: $29.95.” Never one to turn down a deal, I followed the signs to the lot where, indeed, […]
A True Christmas Retail Tale Read More »
On December 15th, Billabong revised its projected results for the six months ending December 31, 2010. Here’s what they said: “The Company’s previous guidance….indicated net profit after tax (NPAT) for the first half year ended December 31 2010 would be slightly lower than the prior year in constant currency terms. The Company now anticipates that first half
Billabong’s Announcement and the Industry Strategic Issues Underlying It. Read More »
PacSun released their earnings and had a conference call on November 22nd. So why am I just getting around to writing about it? It’s because they didn’t file their 10Q until December 9th. I’m funny like that- I like to have the most complete information I can before doing much analysis. What I was hoping for, but not
PacSun’s October 30 Quarter; Big Changes Take Time Read More »
Quiksilver’s stock jumped 22.7% today (December 9th) from 4.75 to 5.68 on the biggest volume since last March. These kinds of moves don’t happen in a vacuum, so I thought I’d check around a bit. An investment banker I know was kind enough to alert me, and I found the following reported on Bloomberg: “PPR SA has
What’s Up with Quiksilver? The Stock Was up Huge Today Read More »
Sometimes I do my best work with a glass of wine. The secret is to never post what you’ve written until the next day, after you’ve read it again. I put “independent” in quotes (there, I’ve done it twice) because as I think about retailers and their relationships with brands I kind of wonder what independent means.
“Independent” Retailers; Are They Still Independent? And What if They Aren’t? Read More »
This shouldn’t take long. The balance sheet has more cash than a year ago, no long term debt, and is solid. The inventory increase of 8.8% since a year ago is a lot less than the 20% sales increase for the quarter (but remember that inventory is at cost and revenue at retail price). Zumiez indicated in the
Zumiez’s October 30 Quarter and Its Position in the Market Read More »
Orange 21 (Spy Optic) is one of my favorite brands for a couple of reasons. First, over the last couple of years they’ve worked themselves through some really tough issues, making difficult decisions when required. And they’ve had to do it during the recession. Second, for better or worse they’re public. We get to see the numbers, actions, and
Making Changes in a Difficult Market; Orange 21’s Sept. 30 Quarter and Nine Months Read More »
Those of you who read my stuff know I never try to be the first published. When Volcom did their press release I reviewed it. I listened to the conference call and read its transcript and thought about it. Then I reviewed their 10Q when it was finally released. Then I thought about it some more. Now, I’ve thought
Volcom’s Quarter Ended Sept. 30 and Some Strategic Industry Issues Read More »
At the moment you hear about it, it’s kind of a surprise. But when the initial shock passes, it’s not. I thought The Editors over at Boardistan put it best. Back in 2009, referring to ASR, they said; “We have to wonder what happens to the entire trade show business model when they have to pay retailers to
Requiem for the ASR Show. Now What? Read More »
I don’t think anybody else noticed this (or at least I didn’t see anybody else mention it) but on October 27th, Quik got a $20 million term loan from Bank of America. Along with some cash on hand, they used it to pay off the last $24.5 million (including accrued interest) of their original term loan
The End of an Era (In a Good Way!) at Quiksilver Read More »