BILLABONG SHAKEN BY JAPAN EARTHQUAKE

Written on the 17 March 2011

BILLABONG SHAKEN BY JAPAN EARTHQUAKE

BILLABONG has 44 company-owned stores in Japan – 18 of which remain closed following the earthquake.

The stores generate around 60 per cent in revenues for the Burleigh Heads surf apparel giant, with that figure expected to be seriously dented and overall profit guidance to take a 6 per cent hit.

Further impacts could be expected from its 500 wholesale account customers in Japan, although it was too early to assess revenue declines.

Sales in Japan accounts for around 4 per cent of Billabong's global sales revenue and about 3 per cent of earnings.

Billabong reported a net profit of $145.9 million in 2010 and was on track for a similar FY 11 result.

It has now forecast a NPAT fall of between 2 and 6 per cent.


Latest News

GROUPTOGETHER A GIFT FOR TIME-POOR PARENTS

JULIE Tylman and Ali Linz have taken the stress out of gift giving by creating GroupTogether, an online platform whic...

SIRTEX CEO DISMISSED FOLLOWING SHARE TRADING PROBE

SIRTEX Medical Ltd (ASX: SRX) has sacked its chief executive officer, Gilman Wong (pictured), following an investigat...

SANTA DELIVERS KOGAN A GIFT

KOGAN.COM (ASX: KGN) has exceeded its expectations and reported another strong quarter of trade.

The online retail...

FOUR WAYS YOU SHOULD PROTECT YOUR IT SYSTEMS FROM EXTREME WEATHER

SHANNON Overs, co-founder of onPlatinum ICT, sees it too often, perhaps half a dozen times per year businesses tha...

Related News

RISE OF STARTUP SUPPORT PROGRAMS NOT AS ROSY AT IT SEEMS

ENTREPRENEURIAL cultivation companies in Australia are appearing quickly, but questions have been raised about whe...

SMES TAKE RETAIL MARKET SHARE AS CONSUMERS CHOOSE PERSONALISATION

IN a battle for the hearts and wallets of Australian consumers, it appears that small and medium retail businesses...

KNOWLEDGE WORKERS AMONG MOST SOUGHT AFTER IN 2017

BUSINESSES searching for efficiencies and improved systems are in search of knowledge workers early this year, say...

FEMALE ENTREPRENEURS GET SPRINGBOARD TO GROWTH

DESPITE the fast-growing number of women studying STEM subjects at school and university, women continue to be und...

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter