FINANCIAL-NEWS
Sport Chalet Q4 Sales Off 12.7%
Slow winter sports sales during a warm January contribute to slumping sales.
VF Corp has seen the company's US markets "stabilize" and says the company has compiled a war chest for acquisitions and is actively pursuing opportunities, especially in action sports.
Yesterday, Quiksilver issued press releases outlining their results for the quarter ended April 30, 2009 and announcing some details of their financial restructuring. They also held a conference call to discuss these both. An 8-K I saw this morning summarized the new loan facilities and included copies of the commitment letters for two new facilities. You can view that here...
Despite the dip, Quiksilver reported Income from Continuing Operations of $0.05 per share.
FINANCIAL-NEWS
Zumiez Same-Store Sales Drop 20.7% In May
Zumiez, Inc. (ZUMZ) reported today that it's Net sales for May dropped 9.6% to $23.5 million compared to the same four week period in 2008. Comparable store sales dropped a whopping 20.7%.
FINANCIAL-NEWS
MARKET WATCH: Some Interesting Economic Numbers
The only place I actually pay money on the internet to get information is from a group called Stratfor Global Intelligence. They sent me some information today that included the following table - Click here to view it.
FINANCIAL-NEWS
MARKET WATCH: Gross Margin Dollars and Accounting Systems
I’ve been doing a lot of thinking (which is now turning into writing) lately on the need to focus on generating gross margin dollars rather than sales increases because of the economic conditions we’re facing and are going to face in the future.
From Foliomag.com: "The objection said Source’s reorganization plan cannot be confirmed because it does not ensure adequate payment of the IRS’ tax claims. The IRS said Source and its affiliates have not filed a “staggering” number of federal tax returns."
FINANCIAL-NEWS
Foot Locker Plans More CCS Stores; Entry Into Snowboarding
Foot Locker CEO: “Action sports is a very fast-growing business. We made that acquisition because we wanted to be in it quickly.”
FINANCIAL-NEWS
PacSun Q1 Revenues Off 16.2%
PacSun beats earning guidance despite posting declining same-store sales of 18% percent for the first quarter and a loss of $8.7 million.
FINANCIAL-NEWS
Billabong Trading Update
Billabong announced today that the company expects to report a full-year net profit in the range of $160-$165 million (ASD) for the year ending June 30—down from $176.4 million (ASD) in 2007-08.
FINANCIAL-NEWS
Orange 21 Q1 Revenues Plunge 36.2%
Spy Optic's parent company posted a Q1 net loss of $804,000, beating last year's decline, despite drastically lower sales.






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