VF Corporation, the owner of Vans, Nautica, North Face, Reef and a whole lot of other brands released their results last week for the quarter ended June 30. They also held a conference call I listened to. They had a strong quarter and we’ll get to the numbers. Oh hell, let’s start with a summary of the numbers. Revenues were up 7% to $1.577 billion. Their gross margin reached 47.1% More…
Archive for July, 2010
VF’s Quarter Ended June 30- Good Numbers, China, and Retail Strategy
Monday, July 26th, 2010How is Our Customers Buying Power? A Chart That Should Make You Think
Wednesday, July 21st, 2010I stole the chart below from Clusterstock (It’s not stealing if you confess, is it?) and wanted to share it with you. Look at the unemployment rate for our prime customers; the young workers aged 16-24. It’s close to 20% as of May. Now, if you’re in skate you go younger than 16 and if you’re in apparel, you’ve got some customers over 24 but it’s still relevant information. The good news is More…
Jeff’s First Book Report (at least since the 10th grade)
Wednesday, July 14th, 2010Somewhere in the area of 75 AD the silver content of the Roman Denarius was about 100%. It was solid silver. Somewhere before 300 AD that content had fallen to around 10% or less. The value of the currency fell and the empire’s debt rose as Rome fell apart. I thought that was an interesting fact, so I decided to tie it in to my suggestion to you that you find and read More…
Billabong Acquiring West 49
Wednesday, July 14th, 2010Or Maybe Zumiez is Going to Buy Them Oh, and Billabong Bought RVCA Okay, Zumiez is Out of the Picture Anyway, This is All Really Interesting- and Related As you know, Billabong made an offer on June 30 to acquire the Canadian action sports retailer West 49. Only July 9th, Zumiez said that, subject to a satisfactory due diligence review, it would be prepared to make a More…
