{"id":37491,"date":"2012-11-02T08:21:14","date_gmt":"2012-11-02T15:21:14","guid":{"rendered":"http:\/\/www.boardistan.com\/?p=37491"},"modified":"2012-11-02T08:30:40","modified_gmt":"2012-11-02T15:30:40","slug":"strong-dollar-pulls-rip-curl-down","status":"publish","type":"post","link":"https:\/\/www.boardistan.com\/?p=37491","title":{"rendered":"Strong Dollar Pulls Rip Curl Down"},"content":{"rendered":"<p><a href=\"http:\/\/www.boardistan.com\/wp-content\/uploads\/2009\/04\/ripcurl-logo.png\" onclick=\"window.open('http:\/\/www.boardistan.com\/wp-content\/uploads\/2009\/04\/ripcurl-logo.png','popup','width=738,height=350,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\/2012\/11\/ripcurl-logo-tm.jpg\" height=\"47\" width=\"100\" border=\"1\" align=\"right\" hspace=\"4\" vspace=\"4\" alt=\"Ripcurl-Logo\" \/><\/a>Thanks to a strong dollar (hard to believe we know) <strong><a href=\"http:\/\/www.ripcurl.com\/\">Rip Curl<\/a><\/strong> is getting yanked into the same undertow that&#8217;s been chewing on Billabong for the past 10 months, according to a story in the <strong><em><a href=\"http:\/\/www.heraldsun.com.au\/business\/rip-curl-takes-a-tumble-as-dollar-pressure-mounts\/story-fn7j19iv-1226509532749\" target=\"_blank\">Herald Sun<\/a><\/em><\/strong>.<\/p>\n<blockquote><p>The prominent Victorian company is being buffetted by the strong dollar and weak consumer sentiment and will start to cut jobs and close stores overseas. . . <strong><em>BusinessDaily<\/em><\/strong> can reveal Rip Curl, which is privately owned, suffered a net loss of $4.1 million for the year to June. A year ago, it recorded a $7.9 million profit, and three years ago its profit clocked in above $30 million. . . Finance director <strong>Lachlan Farran<\/strong> said the group had shouldered one-off costs for a European restructure and to meet accounting rules linked to its purchase of the Ozmosis and Waves brands.<\/p><\/blockquote>\n<p>Guess this wave of bad news is continuing to roll.<\/p>\n<p><strong>[Link: <\/strong><strong><a href=\"http:\/\/www.heraldsun.com.au\/business\/rip-curl-takes-a-tumble-as-dollar-pressure-mounts\/story-fn7j19iv-1226509532749\" target=\"_blank\">Herald Sun<\/a><\/strong><strong>]<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Thanks to a strong dollar (hard to believe we know) Rip Curl is getting yanked into the same undertow that&#8217;s been chewing on Billabong for the past 10 months, according to a story in the Herald Sun. The prominent Victorian company is being buffetted by the strong dollar and weak consumer sentiment and will start [&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":[10,12],"tags":[],"_links":{"self":[{"href":"https:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/37491"}],"collection":[{"href":"https:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=37491"}],"version-history":[{"count":3,"href":"https:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/37491\/revisions"}],"predecessor-version":[{"id":37495,"href":"https:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/37491\/revisions\/37495"}],"wp:attachment":[{"href":"https:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=37491"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=37491"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=37491"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}