Sponsors
Billabong ▼ 0.000 | PPR ▲ +1.95 | American Apparel ▼ -0.005 | The Buckle ▲ +0.12 | Columbia ▲ +1.25 | Deckers Outdoor ▲ +2.28 | Dicks ▼ -0.07 | Foot Locker ▲ +0.88 | Genesco ▲ +0.57 | Iconix Brand Group ▼ -0.06 | Jarden Corp ▲ +0.05 | Nordstrom ▲ +0.04 | Luxottica ▼ -1.07 | Nike ▲ +0.12 | Pacific Sunwear ▲ +0.002 | Skullcandy ▼ -0.08 | Sport Chalet - 0 | Urban Outfitters ▼ -0.68 | VF Corp ▲ +0.66 | Quiksilver ▼ -0.016 | Zumiez ▲ +0.22 | Macys ▲ +0.14 | Tillys ▲ +0.03 |
Ticker Sponsor
Readers Say
I waited too long to sign up for Executive Edition
I waited too long to sign up for Executive Edition

I read Shop-Eat-Surf at every opportunity, and I waited too long to sign up for the Executive Edition. It’s timely, relevant and clearly “from the industry, for the industry.

- By Andy Laats, President, Nixon
Great insight into the issues
Great insight into the issues

I am a big fan of Tiffany and her team as well as an avid reader of Shop-Eat-Surf. I shop, I eat, I surf -- I should pay.

- By Kevin Bailey, President, Vans
Industry Insight

SIA: Cooling down NYC with annual Summer Snowdown media event.
CIT: West Coast team featured in Fashion Manuscript.

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