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In the US, we feel that moving to a bigger/richer/more

In the US, we feel that moving to a bigger/richer/more

The systemic phenomenon is evidenced by a fundamental erosion of Quiksilver’s smaller core distribution channels with 20% of doors closing; management admits to underestimating the magnitude in the erosion of these store closures. The movement against surf and skating culture has also been cited by Billabong, Quiksilver’s closest pure play public peer. In the most recent earnings call, CEO Neil Fiske’s comments when asked about the poor state of the US consumer: “the short answer is it’s a sporadic pattern and it would be hard to take any comfort at this point in a rebound in the overall teen market And I think my guess is we’ll continue to see inconsistent patterns and weakness in the teen apparel fashion sector, sometimes up, sometimes down.

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