Rick Brooks, Zumiez’s CEO and CFO Trevor Lang held a half hour question and answer session Thursday, October 1, at the Thomas Weisel Partners Consumer Conference in New York. Previously, Zumiez had announced on September 2nd that “…total net sales for the four-week period ended August 29, 2009 decreased 2.9% to $51.7 million, compared to $53.2 million for the four-week period ended August 30, 2008. The company’s comparable store sales decreased 12.1% for the four-week period, versus a comparable store sales increase of 0.2% in the year ago period.” Their comps for September were positive.
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October 02 2009 |
490 views | 10 comments
Nike put out a press release on its quarterly earnings two days ago and held a conference call on their results yesterday. This has all happened before the actual 10Q with all the detailed information and footnotes is available. So on the one hand, I’d like to be timely and have this done before everybody loses interest, but on the other hand I’d like to have the best information I can have before expressing an opinion. There’s a concept!
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October 01 2009 |
977 views | 17 comments
Northern Trust issued a Power Point presentation that took an easy to understand look at the economy in graphical form. I think we all have the feeling (hope?) that the economy has bottomed and may be starting to recover. This shows you the beginnings of the recovery indicator by indicator…
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September 23 2009 |
683 views
An in-depth look at Quik’s balance sheet, its creative approaches to reducing expenses and what the company expects for the fourth quarter.
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September 04 2009 |
1,089 views
I’m supposed to crunch a bunch of numbers when I do these things, but first I’d like to highlight Billabong’s Operating Principles from its Corporate Governance Statement. There are eight of them, and Billlabong discusses in detail how they try to accomplish each of them. I’m sure it’s not easy, and I imagine you’re always working to get it right, but you can’t go too far wrong in running your business if you follow those eight principles.
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August 27 2009 |
870 views
Jeff Harbaugh drops in on New Jersey’s Farias and Brighton Beach Surf Shop.
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August 24 2009 |
339 views
Volcom filed their 10Q in the last couple of days. There’s some good news here, though of course Volcom’s income statement for the quarter and six months reflects the impact of the recession. And the issue of how to manage their PacSun business is an interesting one. Let’s start with the balance sheet. Read more here…
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August 12 2009 |
1,190 views | 9 comments
Quik has partnered with Standard Hotels to sell cobranded swim suits at boutiques and poolside vending machines for $75 a pair. I’m not writing this to express an opinion (though I’m usually not loathe to do that) but just to let you know it’s happening and to talk about the general implications.
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August 04 2009 |
852 views | 27 comments
After my post on SIMA’s 2008 retail study Thursday, I got curious about the percentage changes quarter over quarter it implied. The Media Highlights gave me total core sales for the year and the percentage of sales in each quarter. SIMA gave me the same information for 2006. The rest of the calculations are mine and I used them to create the table you’ll find in this post.
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I received The 2008 SIMA Retail Distribution Study (highlights only) about the same time I got yet another phone call from another snowboard focused, core retailer that had been around a long time and was in trouble. I hate those calls because these are shops that I would like to see do well. My little accidental, informal, snowboard shop survey can’t hold a candle to SIMA’s study. But I thought there was some value in talking about them together.
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July 23 2009 |
941 views | 36 comments
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