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 […]
Author Archive for: jeff
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Entries by jeff
Let’s go right to something Zumiez CEO Rick Brooks says at the end of the conference call on their results. “…our goals [is to] continue to grow the profitability of the business from [an] operating profit perspective. Now of course if we have recession we’ll go backwards and we’ll see competitors go away across the […]
Globe reported growth in revenue and income for the six months ended December 31 though, as usual, they don’t give us much information on how they did it. I’ll tell you what I can glean from the public documents. All numbers in Australian dollars of course.
I don’t cover Big 5 every quarter. However, their 10K for the year ended December 30, 2018 requires some discussion. They seem to be flailing in the emerging retail environment and seem reluctant to respond to all the changes. They are betting that their old strategy will continue to work. It appears I’m not the […]
Concern with sustainability is hardly new to us. As an industry, active outdoor has increased its focus on the environment and the impact of climate change for years. I think it’s in our DNA to believe that’s the right thing to do. That doesn’t mean we aren’t aware of the impact on what we sell […]
You know, this is getting boring. So boring, though in a good way, that I think I’ve just used the same title for two quarterly reviews. For the quarter that ended December 31, VF revenues were up 8% to $3.9 billion compared to the same quarter the previous year. They got to that amount from […]
There is a certain level of irony in my having left the Outdoor Retailer/Snow Show in Denver last Friday as the temperature was approaching 60 degrees and come home to Seattle where, today- so far (still coming down hard)- there’s three plus inches of snow on the ground and the temperature isn’t projected to get […]
Last Wednesday Shopko, a general merchandise retailer with 333 stores, filed for chapter 11 bankruptcy. On January 17th, SGB Media published an article on Shopko and the filing by Thomas J. Ryan with the title, “Shopko Becomes Latest Casualty Of Online Disruption.” I took umbrage at the suggestion that online disruption was the primary cause […]
Technology that has value tends to get better and cheaper. I can’t think of a reason that won’t be true for the Zozosuit. “Japanese retailer Zozo, which operates Zozotown, the country’s largest online fashion marketplace, has developed a figure-hugging bodysuit featuring lots of uniquely patterned dots.” “As you turn slowly round, your smartphone takes photos, […]
Back in 2012 A&F had 946 U.S. stores. They ended the most recent quarter with 684 (plus 195 international stores). In the immortal words of Gary Schoenfeld in his first earnings conference call as CEO of Pac Sun however many years ago it was, “Nobody needs 900 Pac Sun stores.” Nobody needed 946 A&F stores […]
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Market Watch updates
- Volcom Sold by Kering to Authentic Brands Group, Kind Of.April 3, 2019 - 1:07 pm
- Recession as Part of Your Strategy: Zumiez’s Results for the Year Ended February 2ndMarch 31, 2019 - 9:37 am
- Thanks to Their Australasia Segment, Globe Has a Solid Six MonthsMarch 20, 2019 - 12:32 pm
- “More of the Same” is Not the Way to Prosper When Change in Retail is Rampant: Big 5 Sporting Goods.March 10, 2019 - 11:41 am