MOSS ADAMS CAPITAL: Apparel and foowear market monitor highlights notable deals, stock prices and results.
Details on Industry Insight.
Is Quiksilver ready to dump Rossignol? It sure sounded like it today at the ICR XChange conference.
CFO Joseph Scirocco said the company is reviewing alternatives to the continued ownership of its equipment business which has "whipsawed profitability," he said.
Quiksilver's two divisions - hardgoods and apparel - are a "tale of two companies," Scirocco said. Apparel revenues grew 20 percent last year, while equipment sales fell 22 percent.
Quiksilver is known as a great brand builder but not the best operator, Scirocco said. The company plans to change that.
Quiksilver will be a "better operator in the near future," he said.
In 2008, Quiksilver will:
Marty Samuels, left, and Bill
Bussiere, president and CFO,
respectively, of Quiksilver Americas.
Other members of the Quiksilver team were on hand: