Sponsors
Billabong ▼ -0.015 | PPR ▼ -5.05 | American Apparel ▼ -0.030 | The Buckle ▲ +0.12 | Columbia ▼ -0.26 | Deckers Outdoor ▼ -4.38 | Dicks ▼ -0.36 | Foot Locker ▼ -0.58 | Genesco ▼ -0.60 | Iconix Brand Group ▼ -0.46 | Jarden Corp ▼ -0.45 | Nordstrom ▼ -0.45 | Luxottica ▼ -0.41 | Nike ▼ -1.29 | Pacific Sunwear ▼ -0.05 | Skullcandy ▼ -0.07 | Sport Chalet - 0 | Urban Outfitters ▼ -0.30 | VF Corp ▼ -0.06 | Quiksilver ▼ -0.11 | Zumiez ▼ -0.27 | Macys ▼ -0.05 | Tillys ▼ -0.02 |
Ticker Sponsor
Readers Say
Always a good daily read
Always a good daily read

Shop-Eat-Surf creates a good source of timely information about the industry. The site makes all types and size companies feel part of a community where everyone is stoked to hear about other companies successes and ideas. It is always a good daily read.

- By Ted Li, VP of North America, Oakley
I require all our executives to read it
I require all our executives to read it

There is no better publication that I am aware of that is so accurate and on top of any news and developments in our industry. I personally recommend it to many people that want to know and understand more about our industry. For the most part, shop-eat-surf.com gets the stories first. As a matter of fact, I require all the executives in our company to read it.

- By Hezy Shaked, President & CEO, Tilly's
Industry Insight

New business info and advice from QCS GRAPHICS, PROCOPIO, SHACC and FSG LAWYERS.

Details on Industry Insight.


Tiffany Montgomery
Print This Article

Markdowns hurt Bikini Village margins

By Tiffany Montgomery
June 17, 2009 9:30 AM

Bikini Village, a 61-store chain in Canada that carries industry swimwear brands, said its margins were hurt by markdowns in the quarter ended May 2, as consumers grew reluctant to shop.

Sales for the quarter were flat at $9.9 million, while same-store sales fell 4.6 percent. (All figures are Canadian dollars)

The company, based in Quebec, recorded a net loss of $286,000 vs. a net income of $167,000 during the same quarter last year.

Bikini Village will continue to expand in key markets and renovate older stores, CEO Yves Simard said in a note to investors.

The company has recently expanded beyond its traditional territories of Ontario and Quebec into Nova Scotia and New Brunswick.

Bikini Village carries swimwear and boardshorts from brands such as Paul Frank, Roxy, O'Neill, Billabong, Volcom, Hurley, Raisins, Body Glove and L*Space.

 


Articles You Might Have Missed