Boardsports Industry Reacts to Market Meltdown
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- October 10 2008
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[Editors' Note: This is a financial news resource page for the boardsports industry. Tranworld Business wants to hear how this affects you. Let us know by commenting below or send email to business@transworld.net.]
Stocks rallied Monday, October 20, after Federal Reserve Chairman Bernanke told lawmakers that Congress should consider passing a second stimulus plan to jump start the economy, according to major news sources CNN and The Wall Street Journal.
What does that mean for our industry? Transworld Business is examining how the increasing financial crisis may affect the boardsports industry, by talking to companies and retailers to gauge their reaction. Market Consultant Jeff Harbaugh provides analysis of the current situation, including an explanation of what companies should be doing in general given the current and expected industry market conditions. In the meantime, read his initial comments at the onset of this crisis, posted Friday, October 3.
Stay tuned to Transworld Business all day for financial updates, exclusive interviews and feedback from the boardsports industry. Be sure to check out Financial News Blog throughout the day for all the latest headlines.
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October 12th, 2008 at 10:12 pm
It’s hitting every company in the industry hard. All the buyers, customer service and the CEO were fired at Swell. Billabong won’t hire anyone, and Quik is planning to put the new women’s line on hold.