{"id":5482,"date":"2009-02-19T14:52:09","date_gmt":"2009-02-19T22:52:09","guid":{"rendered":"http:\/\/www.boardistan.com\/?p=5482"},"modified":"2009-02-19T15:00:56","modified_gmt":"2009-02-19T23:00:56","slug":"billabongs-big-us-anchor-pulls-down-profits","status":"publish","type":"post","link":"http:\/\/www.boardistan.com\/?p=5482","title":{"rendered":"Billabong&#8217;s Big US Anchor Pulls Down Profits"},"content":{"rendered":"<p><a href=\"http:\/\/www.boardistan.com\/wp-content\/uploads\/2009\/01\/billabong-log.jpg\" onclick=\"window.open('http:\/\/www.boardistan.com\/wp-content\/uploads\/2009\/01\/billabong-log.jpg','popup','width=202,height=120,scrollbars=no,resizable=yes,toolbar=no,directories=no,location=no,menubar=no,status=yes,left=0,top=0');return false\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.boardistan.com\/wp-content\/uploads\/2009\/02\/billabong-log-tm.jpg\" height=\"59\" width=\"100\" border=\"1\" align=\"right\" hspace=\"4\" vspace=\"4\" alt=\"Billabong-Log\" \/><\/a><strong><a href=\"http:\/\/www.billabong.com\/\" target=\"_blank\">Billabong<\/a><\/strong> profits are down 7.1 percent in the &#8220;first half&#8221; thanks to the US economy, according to a story on <strong><a href=\"http:\/\/www.news.com.au\/business\/story\/0,27753,25081599-14334,00.html\" target=\"_blank\">News.com.au<\/a><\/strong>. Not knowing all the much about currency markets it&#8217;s always funny to hear companies saying things like this:<\/p>\n<blockquote><p>&#8220;While the company has experienced margin erosion in its biggest division, the Americas, the effect is being partially offset by strong appreciation in the US dollar against the Australian dollar,&#8221; Billabong chief executive <strong>Derek O&#8217;Neill<\/strong>.<\/p><\/blockquote>\n<p>So, if we&#8217;re hearing this properly, sales in the US are down, but luckily for Billabong the Australian dollar is going all to hell. Good times in international business, huh?<\/p>\n<p><strong>[Link: <\/strong><strong><a href=\"http:\/\/www.news.com.au\/business\/story\/0,27753,25081599-14334,00.html\" target=\"_blank\">News.com.au<\/a><\/strong><strong>]<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Billabong profits are down 7.1 percent in the &#8220;first half&#8221; thanks to the US economy, according to a story on News.com.au. Not knowing all the much about currency markets it&#8217;s always funny to hear companies saying things like this: &#8220;While the company has experienced margin erosion in its biggest division, the Americas, the effect is [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[10,3,4,6,12],"tags":[],"_links":{"self":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/5482"}],"collection":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5482"}],"version-history":[{"count":5,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/5482\/revisions"}],"predecessor-version":[{"id":5487,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/5482\/revisions\/5487"}],"wp:attachment":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5482"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5482"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5482"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}