Sponsors
Billabong ▲ +0.035 | PPR ▲ +0.20 | American Apparel ▲ +0.008 | The Buckle ▼ -0.07 | Columbia ▼ -0.49 | Deckers Outdoor ▼ -0.13 | Dicks ▼ -0.15 | Foot Locker ▲ +0.12 | Genesco ▼ -2.64 | Iconix Brand Group ▲ +0.13 | Jarden Corp ▲ +0.16 | Nordstrom ▼ -0.39 | Luxottica ▲ +0.57 | Nike ▼ -0.27 | Pacific Sunwear ▼ -0.22 | Skullcandy ▲ +0.09 | Sport Chalet - 0 | Urban Outfitters ▲ +0.02 | VF Corp ▲ +0.30 | Quiksilver ▼ -0.02 | Zumiez ▲ +0.20 | Macys ▼ -0.07 | Tillys ▼ 0.00 |
Ticker Sponsor
Readers Say
It pertains to my business
It pertains to my business

I’m an avid reader of Shop-Eat-Surf because it’s really the only online newsletter that I have found that is not only industry related, but also because it’s not so “guy-centric.” I find that a lot of the information I read on the site pertains to my business (as a swimwear designer) and keeps me up to date on what other companies and other women in the industry in general are doing which is not only inspiring but also helps me gauge the future direction of my business as well.

I feel privileged to read the Executive Edition because I know I am getting insider industry information before it hits the mainstream media channels. And it’s always good to know what my friends are up to in the industry.

- By Monica Wise, Founder, L*Space
Executive Edition rules
Executive Edition rules

“Shop-Eat-Surf” is now officially, the first stop in the morning for industry news. Accurate reporting, no sensationalism, and just the facts. Refreshing support to an incredible industry with a very bright future. Tiffany has cemented her role in the industry....the site is thought provoking, and inspirational. Learning the stories of others is incredibly useful. Great way to connect the retail community with the wholesale and financial, instantly and nationwide. ... And the Executive Edition rules.

- By Bob Hurley, Chairman, Hurley International
Industry Insight

AGENDA: Video recaps, 2015 show dates, "Love Made Me Do It" women's networking series on Wednesday.

STOKES ME: Deadline today to enter SIMA Humanitarian Fund's Bowl-a-thon fundraiser.

Details on Industry Insight.


Tiffany Montgomery
Print This Article

Quiksilver reports $73 million loss for year

By Tiffany Montgomery
December 17, 2009 1:29 PM

Quiksilver’s loss widened for the fiscal year and fourth quarter ending Oct. 31.

For the year, the company reported a net loss of $73.2 million, including restructuring and other charges, vs. a net loss of $65.5 million last year.

Excluding the charges, the company reported net income of $4.6 million.

Total revenue for the year fell 13% to $1.98 billion.

In the Americas for fiscal 2009, revenue fell 12% to $929.7 million.

In Europe, sales fell 15% to $792.6 million. In constant currency, sales declined 7%.

In Asia Pacific, sales fell 5% to $251.6 million. In constant currency, sales rose 9%.

Total inventories at year end fell 14% to $267.7 million. In constant currency, inventories declined 22%.

Liquidity: The company said it has $143 million available on its credit lines and $100 million in unrestricted cash.

Fourth quarter results

Total revenue: down 11% to $538.7 million

Net loss: $15.7 million vs. $13.8 million loss last year. Excluding restructuring and other charges, the company recorded net income of $3.2 million.

Americas revenue: down 22% to $239.5 million

Europe revenue: down by 2% to $211.4 million. In constant currency, revenue fell 4 %.

Asia Pacific revenue: up 5% to $86.6 million. In constant currency, revenue fell 4%.

First quarter forecast

The company expects revenues to decline 7% in the first quarter. It expects a loss of 12 to 15 cents per share.


Articles You Might Have Missed