Entries by jeff

And Now for Something Completely Different; Some Recommended Reading with Perspective on U.S. Economic and Financial Conditions

In 5,000 years of recorded history, there isn’t another known instance of negative interest rates.  Now we’ve got about $13 trillion of securities with negative interest rates around the world.  So far, that hasn’t happened in the United States, but don’t assume it won’t when we finally get a recession. Money is a commodity.  It […]

How VF Keeps Doing It: Size, Flexibility, Diversification, Disciplined Management Processes, Balance Sheet

VF’s secret sauce isn’t secret.  It’s just hard to do.  Executing the strategy takes leadership, a quality team, organizational consensus, and a certain level of confidence and perhaps willingness to fail to take advantage of uncertain times. You’ve probably realized that every company needs those things.  So let’s take a deep dive into how VF […]

Increasing Snowsports Participation: Are We Asking the Right Questions?

For years bordering on decades, we’ve wrung our hands over the issue of increasing participation.  There’ve been programs and research and money spent. Maybe without those programs things would be worse.  But so far, they don’t seem to have moved the needle the way we want. We’ve got financial, demographic, and climatic factors in the […]

Hibbett Sports: Annual Results and Omni-Channel Progress After a Remarkably Late Start.

“At the end of the second quarter of Fiscal 2018, we successfully launched our e-commerce website,” Hibbett Sports (HS) tells us in their 10-K for the year ended February 2nd.  This isn’t news.  I wrote about it last October when I discussed their quarterly results. If you’re not already familiar with HS, you might review […]

Volcom Sold by Kering to Authentic Brands Group, Kind Of.

The title of the press release is “Authentic Brands Group Acquires Volcom.”  Well, not exactly.  The Authentic Brands Group (ABG) press release goes on: “…ABG has taken a minority stake in Liberated Brands, the newly-formed operating company for Volcom. Todd Hymel and Volcom’s current management team have taken the majority stake in Liberated Brands and […]