Quiksilver Inc. expects continued pressure on smaller accounts in its wholesale business in mature markets as it continues to gear itself more to special makeup business for its larger customers.
After disclosing first-quarter results which fell below analysts’ consensus estimates on both the top and bottom lines, Andy Mooney, president and chief executive officer of the Huntington Beach, Calif., apparel and footwear firm, told analysts on a conference call, “I think increasingly the larger retailers aren’t really interested in what our line is. What they are interested in is what their line is. Each of those retailers are increasingly looking for custom designed lines that appeal to both their unique consumer as they see it and certainly their business objectives.”
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"