Sponsors
Billabong ▲ +0.010 | PPR ▲ +0.80 | American Apparel ▲ +0.07 | The Buckle ▼ -0.99 | Columbia ▼ -0.38 | Deckers Outdoor ▼ -1.94 | Dicks ▼ -0.92 | Foot Locker ▼ -4.02 | Genesco ▼ -3.05 | Iconix Brand Group ▼ -2.52 | Jarden Corp ▼ -0.17 | Nordstrom ▼ -0.42 | Luxottica ▲ +0.45 | Nike ▼ -2.24 | Pacific Sunwear ▼ -0.05 | Skullcandy ▼ -0.04 | Sport Chalet - 0 | Urban Outfitters ▼ -0.15 | VF Corp ▼ -1.17 | Quiksilver ▲ +0.46 | Zumiez ▼ -0.62 | Macys ▼ -1.48 | Tillys ▲ +0.15 |
Ticker Sponsor
Professional Services
Friedman Stroffe & Gerard, P.C.

FSG’s Action Sports Practice Group provides legal services to the action sports industry. Our clients include surfers, skiers, snowboarders and skaters, as well as sponsors and leading apparel companies. Our attorneys serve in positions with industry organizations such as the Association of Surfing Professionals. We know your business and can provide full-service legal solutions to meet your organizational needs.

More Professional Services...
Readers Say
Since the inception of Executive Edition, I only need 1 stop
Since the inception of Executive Edition, I only need 1 stop

As a retailer in the surf industry for the past 21 years, I have had to use multiple sources to stay informed to the news within surf. Since the inception of the Executive Edition of Shop-Eat-Surf.com, I need only one stop. Thanks for providing such a valuable tool to all of us in the industry. Shop-Eat-Surf is a must read for all of our staff at Maui Nix.

- By George Karamitos, CEO, Maui Nix
Executive Edition is a must have
Executive Edition is a must have

Before Shop-Eat-Surf, there were two sites I paid for premium content on. One is Surfline, the other is the Wall Street Journal. One is about all things surf, the other, the best business content site in the world. Shop-eat-surf is the intersection of those two worlds. Shop-Eat-Surf provides everything from coverage of events, people, brands and trends. However, beyond the Executive Edition "wall" is more meaty analysis and interpretation of financial statements, business models and brand philosophies; why certain brands and companies are succeeding, where others aren't. The Executive Edition is a must have read if the business of surf and action sports are on your radar screen.

- By Jeff Berg, Co-owner, Surfline
Industry Insight

AGENDA: GroupY's Emerge brand-building conference returns on Jan. 6.
SURFRIDER: "Protect What You Love" holiday appeal.
MOSS ADAMS: Plan now for tax season.
Details on Industry Insight.


Tiffany Montgomery
Print This Article

Quiksilver looking to unload hardgoods

By Tiffany Montgomery
January 16, 2008 12:45 PM

Belt tightening on the way


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.


QuikBobMcKnight0108Chairman and CEO Bob McKnight.

In 2008, Quiksilver will:

 

  • Drive growth in apparel and footwear

 

  • Work on a global sourcing initiative

 

  • Reduce expenses in a "significant way" to realize $20 million in annualized savings.

 

  • Scale back its initial plans for new retail stores to preserve capital

 

  • Quik Marty Samuels Bill Bussiere

    Marty Samuels, left, and Bill
    Bussiere, president and CFO,
    respectively, of Quiksilver Americas.

  • Use proceeds from any sale to pay down debt.

 

  • Strike a balance between debt reduction and investment spending.


Other members of the Quiksilver team were on hand:

 


Articles You Might Have Missed