Presidential election creates Central Coast winners and losers
After euphoria comes reality. The stock market rally that accompanied the election of Donald J. Trump as the nation’s 45th president has flattened out amid the reality that governing is complex and so is the economy. With Trump’s election, the slow growth predictability of the Obama years has been replaced with something new. But aside Read More →
Deckers sales down but earnings up for second quarter
Deckers Brands, the Goleta-based footwear, apparel and accessories company, announced net sales of $485.9 million and earnings per diluted share of $1.21 for the second quarter ended Sept. 30. Sales were down slightly from $486.9 million for the same period last year, primarily for the company’s UGG and Teva brands, but earnings were up 9 Read More →
As Nobel laureate Bob Dylan said, ‘The Times, they are a changin’
Some changes are taking place at Pacific Coast Business Times, beginning with the print edition you are holding in your hands or the digital version you’re looking at online. First, we’re combining our weekly commercial real estate and finance coverage into a weekly focus section called “Money & Real Estate.” That move will allow us Read More →
Dubroff: Great retail guessing game puts a Macy’s store in the spotlight
It seems crazy to write about Christmas in August. But as the shopping season starts earlier and earlier, there’s more and more trouble brewing for retailers. News that Macy’s is closing another 100 stores — after announcing 36 exits earlier this year — got raves from Wall Street as the nation’s flagship chain battles online Read More →
Deckers Outdoor first quarter operating loss bigger than last year
Goleta-based Deckers Outdoor announced an operating loss of $78.3 million, a 23 percent increase over the same period last year, for its fiscal first quarter 2017, ended June 30. Diluted losses per share rose from $1.43 to $1.84 year-over-year due to decreases in sales across its Ugg, Teva and Sanuk brands. The timing of order Read More →
Impact of U.K. leaving EU minimal in Tri-Counties
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Dubroff: Appeal of populism falls short of reality
“You say you want a revolution Well, you know, we all want to change the world” — John Lennon My verdict on the so-called “Brexit” vote is that in a globalized world dominated by central bankers, it is far more profitable to sing about a revolution than to actually foment one. Less than a week Read More →
