I swear I wrote as fast as I possibly could during the conference call and hope I got all the good stuff. The press release was pretty much lacking in detailed management discussion and there were no footnotes to the financial statements. I know probably nobody will care by the time the actual quarterly report is filed […]
How’s Volcom Doing? Their Quarterly Results Read More »
VF Corporation, the owner of Vans, Nautica, North Face, Reef and a whole lot of other brands released their results last week for the quarter ended June 30. They also held a conference call I listened to. They had a strong quarter and we’ll get to the numbers. Oh hell, let’s start with a summary
VF’s Quarter Ended June 30- Good Numbers, China, and Retail Strategy Read More »
I stole the chart below from Clusterstock (It’s not stealing if you confess, is it?) and wanted to share it with you. Look at the unemployment rate for our prime customers; the young workers aged 16-24. It’s close to 20% as of May. Now, if you’re in skate you go younger than 16 and if you’re in apparel,
How is Our Customers Buying Power? A Chart That Should Make You Think Read More »
Somewhere in the area of 75 AD the silver content of the Roman Denarius was about 100%. It was solid silver. Somewhere before 300 AD that content had fallen to around 10% or less. The value of the currency fell and the empire’s debt rose as Rome fell apart. I thought that was an interesting fact, so I
Jeff’s First Book Report (at least since the 10th grade) Read More »
Or Maybe Zumiez is Going to Buy Them Oh, and Billabong Bought RVCA Okay, Zumiez is Out of the Picture Anyway, This is All Really Interesting- and Related As you know, Billabong made an offer on June 30 to acquire the Canadian action sports retailer West 49. Only July 9th, Zumiez said
Billabong Acquiring West 49 Read More »
As usual, we’re dealing with the numbers in the June 3 press release and the comments in the conference call rather than the actual quarterly filing with the Security and Exchange Commission that’s full of details. That just drives me crazy, and I want to explain why and what I think the result is in this
Quik’s Quarter Ended April 30, 2010- Sales Down, Profits Up. Read More »
Orange 21 (Spy Optic) has been through a lot. The recession and resulting economic conditions were enough, I’m sure we’d all agree, for any company to deal with. But since CEO Stone Douglass came in, they’ve also settled a dispute with former CEO Mark Simo and No Fear, done a rights offering (they raise about $2.5 million
Orange 21’s Results for Quarter Ended March 31 Read More »
Volcom filed their 10Q on May 10th. After I listened to the conference call and they said how well the brand was doing in Macy’s, I was determined to get into a Macy’s and see for myself before writing this. I’ve done that now, so we’ll take a look at the numbers then move on to what
Volcom 1st Quarter Ended March 31- Numbers, Macy, Inventory Management Read More »
The concept of the European Community and a common currency worked okay (though with massive misallocation of capital) as long as long as there was lots of growth and lots of money and lots of subsidies for poorer countries and low interest rates. For a long time, what you could earn on a German bond wasn’t
What’s Going on in Greece and Why You Might Care Read More »
Below is the handout I distributed at IASC’s Skateboard Industry Summit at the end of April where I talked about the evolving retail environment. These are quotes from recent fillings and conference calls by Billabong, Genesco (owners of Journeys), Nike and Zumiez about how they see the retail environment and their involvement in it. Except
What Are Big Brands Doing in Retail? It’s a Bit Scary Read More »