Globe reported growth in revenue and income for the six months ended December 31 though, as usual, they don’t give us much information on how they did it. I’ll tell you what I can glean from the public documents. All numbers in Australian dollars of course.
Thanks to Their Australasia Segment, Globe Has a Solid Six Months Read More »
I don’t cover Big 5 every quarter. However, their 10K for the year ended December 30, 2018 requires some discussion. They seem to be flailing in the emerging retail environment and seem reluctant to respond to all the changes. They are betting that their old strategy will continue to work. It appears I’m not the
Concern with sustainability is hardly new to us. As an industry, active outdoor has increased its focus on the environment and the impact of climate change for years. I think it’s in our DNA to believe that’s the right thing to do. That doesn’t mean we aren’t aware of the impact on what we sell
The Evolution of Sustainability and Implications for your Business Model Read More »
You know, this is getting boring. So boring, though in a good way, that I think I’ve just used the same title for two quarterly reviews. For the quarter that ended December 31, VF revenues were up 8% to $3.9 billion compared to the same quarter the previous year. They got to that amount from
Ho Hum. Another Solid Quarter: VF Corporation Read More »
There is a certain level of irony in my having left the Outdoor Retailer/Snow Show in Denver last Friday as the temperature was approaching 60 degrees and come home to Seattle where, today- so far (still coming down hard)- there’s three plus inches of snow on the ground and the temperature isn’t projected to get
Trade Shows in General, Denver, SIA, ShopTalk, and Other Random Musings Read More »
Last Wednesday Shopko, a general merchandise retailer with 333 stores, filed for chapter 11 bankruptcy. On January 17th, SGB Media published an article on Shopko and the filing by Thomas J. Ryan with the title, “Shopko Becomes Latest Casualty Of Online Disruption.” I took umbrage at the suggestion that online disruption was the primary cause
What Caused Shopko to File for Bankruptcy? Two Parts to the Puzzle. Read More »
Technology that has value tends to get better and cheaper. I can’t think of a reason that won’t be true for the Zozosuit. “Japanese retailer Zozo, which operates Zozotown, the country’s largest online fashion marketplace, has developed a figure-hugging bodysuit featuring lots of uniquely patterned dots.” “As you turn slowly round, your smartphone takes photos,
What Happens When the Apparel You Buy Fits Perfectly Every Time? Read More »
Back in 2012 A&F had 946 U.S. stores. They ended the most recent quarter with 684 (plus 195 international stores). In the immortal words of Gary Schoenfeld in his first earnings conference call as CEO of Pac Sun however many years ago it was, “Nobody needs 900 Pac Sun stores.” Nobody needed 946 A&F stores
It Probably Wasn’t the Plan; Abercrombie & Fitch’s November 3rd Quarter. Read More »
Tilly’s sales for the quarter ended October 28th were down 3.9%, or $6 million, to $146.8 million from last year’s quarter. However, the decline was due to “…the calendar shift impact of the 53rd week in fiscal 2017’s retail calendar, which caused a portion of the high sales volume back-to-school season to shift into the
Popups, Extra Week, Higher Costs; Tilly’s Quarter Read More »
I’ve decided that my best recent article was “How Brick and Mortar Retail Has to Change,” written last June. I was surprised it got so little feedback. Probably because the list of what customers don’t need us to do anymore is a little intimidating, and we aren’t sure how to respond. Even if, like Zumiez,
Attacking the Retail Challenge: Zumiez’s Quarterly Results Read More »