The Moss Adams Apparel Market Monitor shows that public companies, with the exception of the Youth Lifestyle category, continue to outperform the overall stock market. Previews of Agenda WMNS at Long Beach, Agenda NYC and Agenda Vegas. Now on Industry Insight.
Billabong has cut its forecast for the 2008-09 financial year citing softness at the wholesale and retail level, particularly in the U.S.
The company said it is trying to avoid deep discounting where possible to maintain brand equity.
Unfortunately, the company publishes releases in a PDF format that discourages cutting and pasting.
Here's a link to the Billabong investment website on the Australian stock exchange. Click on the top company announcement dated 4/12/08 (Dec. 4, 2008).