The ActionWatch Retail Panel is finally seeing comps in the single digits. September sales for all categories tracked by ActionWatch were only down 8.3% compared to the same month last year. Take a look at some of the reasons behind September’s results, including a detailed same-store, year-over-year chart and graph.
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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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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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Sales of men’s/boys’ woven shirts were up nearly 15% during August compared to the same month last year, and women’s skirts also saw another large year-over-year increase in August, but overall sales of all product categories were down almost 20% in August compared to the same month last year. More in-depth analysis, including a Year-Over-Year graph for August 2009 comp sales, can be found here.
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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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Stores on the ActionWatch Retail Panel who have been reporting for at least a year showed the lowest sales declines of 2009 to date in July. It is encouraging that declines in the second quarter were lower than in the first, and now the first month of the third quarter was better than any of the previous months of the year.
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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.
» Read Full Story Get a look now at the line up for next year’s hottest boardshorts.
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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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On July 30, TransWorld Business sat down with Quiksilver CEO Bob McKnight for an exclusive interview on the state of the company, the future of the action sports industry, and the challenges of the current economic climate. In this first installment, McKnight outlines Quiksilver’s banking arrangements in the US and Europe, how buying Rossignol affected its European credit facilities, and what the company’s most recent financial announcement means to the bottom line.
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