For its September 30 quarter, 436 store Big 5 reported a small decline in revenue and a larger decline in net income. More significant to me are comments in the conference call that suggest a very traditional retail focus, rather than one acknowledging the massive changes required to succeed at retail. Revenue in the quarter […]
I believe in cycles; there will be another recession (sooner rather than later is my personal belief). There will be another major stock market correction at the end of which will be glorious buying opportunities. We are coming to the end of another debt super cycle (see the book This Time is Different; Eight Centuries […]
Serendipitously, I hear this is also the last season of the TV show “The Walking Dead.” But while I expect that TV franchise to continue in some form, the same can’t be said for Sears. I know it’s supposed to be a restructuring, but no amount of financial engineering can compensate for Sears’ lack of […]
Back on September 11, due to some speculation in the media, Amer Sports confirmed that it had “…received a non-binding preliminary indication of interest…from a consortium comprising ANTA Sports Products Limited and the Asian private equity firm FountainVest Partners…” to buy all of Amer Sports’ shares at a cash price of forty Euros per share. […]
From time to time, just for fun, I review public filings of companies I haven’t written about. Hibbett Sports, with 1059 stores in 35 states at the end of their August 4th quarter, is one of those companies. The quote in the title got my attention, to put it mildly. It’s not quite as bad […]
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 […]
