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News Breaks | | | | January 11, 2013 | | 05:52 EDT |  | ZQK | Quiksilver downgraded to Neutral from Overweight at Piper Jaffray
Piper Jaffray downgraded Quiksilver citing caution on the action sports category after PacSun and Tilly's reported below-plan Holiday sales. The firm keeps a $4 price target for shares. | |
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News For ZQK From The Last 14 Days Check below for free stories on ZQK the last two weeks. |
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| May 24, 2013 | | 07:58 EDT |  | ZQK | Quiksilver appoints Nicholas Drake as Chief Marketing Officer
Quiksilver announced the appointment of Nicholas Drake as Chief Marketing Officer, effective July 1. Drake most recently served as Managing Director of TBWA/Chiat/Day Los Angeles, an integrated advertising agency. | | | May 16, 2013 | | 18:41 EDT | | ZQK | Quiksilver announces multi-year profit improvement plan
Quiksilver announced an aggressive multi-year profit improvement plan designed to accelerate the company's three fundamental strategies of strengthening brands, growing sales and driving operational efficiencies. The plan's initiatives focus on prioritizing the company's core brands, globalizing key functions and reducing its cost structure. The company expects that the plan, when fully implemented in 2016, will improve EBITDA by approximately $150M, of which approximately one-half will come from supply chain optimization and the other half primarily from corporate overhead reductions, licensing opportunities, net revenue growth and improved pricing management, compared with 2012 results. More specifically, the plan calls for improvement, over the same period, in the following areas: Net revenues to see compound annual growth rate of approximately 2.5%, and EBITDA to increase to at least 13% of net revenues. | |
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