quiksilver

SIA 2009: Day One Photos

TransWorld Business is in Vegas for the 38th annual - and final - SIA Trade Show at Mandalay Bay. Stay tuned here for more photos and video from day two.

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Quiksilver’s Designer Brice Oakden on Outerwear

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Analyst Says Quiksilver Debt Reworking Makes Sale Less Likely

According to Brandon J. Ferro, an analyst with KeyBanc Capital Markets part of Cleveland-based KeyCorp, Quiksilver’s bid to rework some of its debt makes it less likely the company will sell some of its brands or even all of the company.

This comes after ZQK stock surged to 2.59 on Monday, January 26 after longtime speculation that it was selling DC to VF Corp reached the investor level, credited in part to an article in WWD.

The OC Business Journal reports: “An analyst on Tuesday threw coldwater on the prospects of Huntington Beach-based Quiksilver Inc. selling part or all of the company as it seeks to restructure its debt in February.”

josh hunter

Tim Harmon Resigns From Quiksilver Board

On January 23, former PacSun executive Timothy M. Harmon resigned as a director of Quiksilver, Inc.

Before his tenure at Quiksilver, Harmon served as President and Chief Merchandising Officer of Pacific Sunwear of California, Inc. from October 1997 until July 2005.

Compensation as Director:

(Source: Forbes.com)

The announcement was one of several items listed in the company’s 8-K Form released on January 27.

Quiksilver announced on January 26 that it would be taking steps to reduce costs, and is eliminating 200 positions within the company.

From Form 8-K:

Change in Directors or Principal Officers, Other Events

Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On January 23, 2009, Timothy M. Harmon resigned as a director of Quiksilver, Inc. (the “Company”).

Item 8.01. Other Events.
Expense Reduction
The Company issued a press release on January 26, 2009 announcing that it was taking additional steps to reduce expenses in its Americas region as part of an overall restructuring effort to reposition its business and in response to the continued decline in the consumer retail environment. The press release is attached as Exhibit 99.1.
2009 Annual Meeting
The Company’s 2009 Annual Meeting of Stockholders will be held at the Company’s headquarters at 15202 Graham Street, Huntington Beach, CA 92649 on Wednesday, March 25, 2009 at 10:00 a.m. local time. Item 9.01. Financial Statements and Exhibits.
(c) Exhibits Exhibit No. Exhibit Title or Description
99.1 Press Release, dated January 26, 2009, issued by Quiksilver, Inc.

josh hunter

Quiksilver Eliminates 200 Jobs

Quiksilver announced today that it will be eliminating 200 positions at the company. Of the 200, 150 employees will be losing their jobs. The other 50 positions were approved and budgeted for, but not yet filled.

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josh hunter

Executive Restructuring At Quiksilver Continues

Quiksilver has eliminated the job of Roxy President, Carol Christopherson. She joined the company in 2000 after a seventeen-year stint with the Millers Outpost Stores. Steve Tully will take on an expanded role as President of Wholesale Americas.

This news comes just days after the company announced the resignation of Quiksilver Americas President Marty Samuels.

josh hunter

Quiksilver Downgraded By Moody’s


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ADMIN

Live Webcast: ICR XChange Conference

As you may remember from last year’s ICR XChange Conference, many of the major players in the action sports/ teen and young-adult apparel markets will be presenting their company’s outlooks for 2009 and beyond. To keep your finger on the pulse of what the publicly traded companies that affect our market are up to, tune in to these live Web cast presentations through out the day right here.

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josh hunter

Microsoft’s Bob McKnight Commercial

Chances are if you watched much TV or any of this weekend’s playoff games you caught a glimpse of an animated version of Quiksilver CEO Bob McKnight surfing a wolf filled tsunami and discussing the role of technology in Quik’s business. If not, catch it here.

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Quiksilver Americas President Marty Samuels Resigns

After twelve years at Quiksilver, President of the Americas Region Marty Samuels announced his resignation today, January 12

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josh hunter

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