Back on September 23, I posted an article that highlighted, among other things, Zumiez’s valuation and management of its issue with auction rate securities. I said that I thought other companies would be having similar issues if they weren’t already. Guess what? They are, and I didn’t want to leave Zumiez hanging out there like they were the only one. Read more here.
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October 08 2008 |
436 views
As I walked around ASR, I came to the unhappy conclusion that of all the people at the show- retailers and exhibitors- very few of them were old enough to have actually been through a real, honest to god, actual recession as business people. I came to the even unhappier conclusion that I was one who was old enough and, indeed, had. Read more here.
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October 03 2008 |
813 views | 12 comments
I wrote this and posted it on my blog back in August or early September. I just read it again and decided I still liked it. Since Transworld Business has graciously given me space to write pretty much anything I want (so far) I thought I’d throw it out there and see what the response was.
Read more here.
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October 01 2008 |
940 views | 26 comments
Supporters for the $700 billion financial bailout plan are now scrambling, after the House voted around 2 p.m. Eastern time today to defeat the bill, according to top news sites. In the midst of Congress’ effort, the Dow Jones plunged and ended the day down more than 770 points, Wachovia was forced to sell its banking assets to Citigroup, and several other European banks also collapsed. How is the financial market crisis affecting you and your business?
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September 29 2008 |
554 views | 8 comments
A couple of days go, Nike put out a press release for their first quarter ended August 31. It’s not the whole quarterly report, so I can’t delve into any footnotes. They sold, uh, a whole bunch of stuff and made a lot of money. I’ll deal with the details when the 10Q is filed. Here’s the link to the press release if you want to review the summary financial statements. You don’t need me to spew the numbers back at you. But as I read the press release, I was struck by the fact that a few years ago, I wouldn’t have bothered.
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September 26 2008 |
602 views | 8 comments
Once upon a time, way back in 2003, an investment bank could only have leverage of up to twelve to one. In 2004, the Security and Exchange Commission gave five investment banks, and only five, the ability to leverage up to 30 or 40 times or so. Guess which five they were? I almost don’t want to bother listing them, because the list is so obvious. But for the benefit of all the readers who have just awakened from a coma they’ve been in for most of the year, they are Bear Stearns, Lehman Brothers, Merrill Lynch, Morgan Stanley and Goldman Sachs. Read more here…
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September 24 2008 |
593 views | 9 comments
Jeff Harbaugh discusses Zumiez’s latest quarterly report and provides some insight into credit markets conditions. Click here for the full analysis in this week’s Market Watch.
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September 23 2008 |
522 views
ActionWatch provides Transworld Business with a core retail report for apparel this month. Click here for additional information.
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September 22 2008 |
872 views | 2 comments
Comp sales experienced a 1.3% decrease over the six month period, due primarily to lower net sales of men’s apparel, juniors apparel and accessories, according to the 10-Q report on Zumiez Investor Relations site. Click here for more information.
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August 28 2008 |
371 views | 1 comment
The Core Retail Report is a regular monthly feature in Transworld Business that’s generated from a panel of more than 150 surf/skate independent specialty shops across the U.S. Click here to see statistics on footwear, collected between June 2007 and May 2008.
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August 08 2008 |
743 views | 1 comment
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