Surf City-based Quiksilver is on the rise
Paul Clinton
Huntington Beach-based surf retailer Quiksilver, Inc. said sales
jumped 10.6% during the second quarter.
Surfers and other beach goers have begun shopping for summer, yet
company officials said the jump in sales isn’t necessarily tied to just
one season.
Quiksilver, the city’s No. 2 employer, announced the earnings June 5.
A day later, the company’s stock, which trades on the New York Stock
Exchange under the symbol ZQK, ran up 3% from $24.50 to $25.30. The stock
is up 47% since the beginning of the year.
In its earnings, covering the fiscal-year quarter ending April 30,
Quiksilver also said its fall bookings were up 18%. The surf shops and
other clothing retailers have already begun ordering clothing from the
company’s back-to-school line, said Steve Brinks, the company’s chief
financial officer.
“Clearly, our roots are in surf,” Brinks said. “But the clothing has
been so broadened . . . The sales are not really responding to any one
season.”
Quiksilver, which employs 1,950 at its Graham Street headquarters,
produces clothing for young men and women under the Quiksilver, Roxy,
Raisins, Radio Fiji, Hawk Clothing and Gotcha labels.
The company also makes snowboards, boots and bindings under various
subsidiaries.
Quiksilver also owns Board Riders Club surf shop, located Downtown.
The leader in manufacturing surf apparel, Quicksilver has been based
in Huntington Beach since the late 1990s, when it moved from Costa Mesa.
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