Friday, February 09, 2007

Like Dominoes...

Well, retailers at SIA may not have been complaining about the weather, but the impact has surely worked its way up the food chain. Could Quiksilver, Inc. be the first of many early earnings warnings on the horizon?

"Conditions in many of the world's snow resorts were affected by what has proven to be one of the warmest winters on record. This has impacted our in-season business in the first quarter, and we anticipate that it will create industry-wide softness in next year's early season as retailers work through hold-over inventory, adjust pre-season buys and plan more cautiously."

- Robert B. McKnight, Jr., Chairman of the Board and CEO of Quiksilver, Inc.


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