Sales are looking up at Zumiez. Get the details here.
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Everyone knows the stock market is experiencing rapid decline. “Markets tanked Thursday, extending the Dow’s losses over the last seven sessions to 2,271 points, or 20%, as panicked investors ditched stocks across the board,” according to a story published this morning on CNN.com. But what does that mean for our industry?
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Billabong International Limited announced a net profit after tax (NPAT) of A$176.4 million ($155.2 million) for its fiscal year ended June 30. The represents a 12.6% gain in constant currency terms and 5.5% in reported terms, reflecting the strength of the Australian dollar against the United States dollar.
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