Billabong: badly battered but bullish

“Short-term turbulence” is what Billabong’s CEO is calling it. But investors saw it differently. The surfwear specialist gave a trading update and the news wasn’t good. So what did CEO Neil Fiske have to say (and bear in mind that with the share price plunging 23% it must have been pretty bad)?

Nike & women: Fitness or fashion?

Nike wants women, lots of them. It certainly needs them if it’s going to achieve its aim of $11bn in women’s activewear sales by 2020 from the current $5.7bn. A little over-ambitious? Perhaps not. The segment grew 20% in Nike’s last financial year, double the rate of its men’s business. Christina Shi, head of Nike’s…