On September 12, VF’s management team made a lengthy presentation to the investment community outlining Van’s expected future growth. In the accompanying press release they stated, “Over the next five years, the Vans® brand expects diversified and balanced growth across all product categories, channels of distribution and geographies, driven by disciplined execution and investment to […]
That’s a lot to cover. I had some hope this would be short. Let’s start with strategy and quote CEO Rick Brooks from the conference call. “Our top and bottom line results…are a direct result of our relentless commitment to winning with today’s empowered consumer. Our success continues to be driven by the strength of […]
Moosejaw, Wikipedia tells us, “…is an online and brick and mortar retailer specializing in outdoor recreation apparel and gear for snowboarding, rock climbing, hiking, and camping. The company was founded in 1992 by Robert Wolfe and David Jaffe, two longtime friends who chose to sell camping equipment instead of becoming wilderness guides. [3] Moosejaw is […]
In its 10-Q Tilly’s describes itself as “…a leading destination specialty retailer of casual apparel, footwear and accessories for young men, young women, boys and girls with an extensive assortment of iconic global, emerging, and proprietary brands rooted in an active and social lifestyle.” We all know what a destination retailer is; a store that […]
I like Globe. They’ve always had a good attitude, have been able to spot opportunities, and have acknowledged and moved to correct mistakes when they happened. They are, as a result, a company I want to write about because I think we might all learn something. Unfortunately, their required statutory report for the year ended […]
With its restructuring expenses largely behind it ($55.3 million since February 2016) and net sales up 19.5% for the quarter ended June 30 compared to the same quarter last year, Deckers reported a good result. Sanuk continues to be the laggard, and I still won’t be surprised to see Deckers management sell the brand, though […]
It’s interesting to review this recently released 10-Q, as it discusses VF before the recent announcement that they will spin off the jeans business as a separate public company. With hindsight, you can see how their strategy would lead to that decision. I’ll also outline the company’s change in their business segments and, of course, […]
Yesterday, VF Corporation, owner of Vans, Reef, The North Face and a lot of other brands announced that it was spinning off its jean business (it owns Lee and Wranglers) into a separate public company with 100% of shares to be distributed to existing VF shareholders. It also announced that VF would be moving its […]
Regular readers know I’ve had a pretty strong and, I hope, consistent opinion about how retail is evolving and what retailers/brands in our industry need to do. Most recently, I wrote about it here. It’s occurred to me that I should look at some new industry related companies to see how they are doing and […]
I don’t think brick and mortar is going away. I doubt many of you think it is either. I do believe that consolidation and transformation of the space has a way to go and I further believe it will reach its climax when (not if) the next recession hits. I know this sounds kind of […]
