Billabong (ASX:BBG) is a major international retailer whose core business is the marketing, distribution, wholesaling and retailing of apparel, accessories, eyewear, wetsuits and hardgoods.

BBG’s products are licensed and distributed in more than 100 countries, and are distributed through specialised retailers and through their own branded retail outlets.

Billabong provided the market with a trading update today, in which it announced a strategic review of its operations and capital structure after a slowdown in Christmas sales.

The company also downgraded its EBITDA guidance for the first half of FY12 to $70-$75 million compared to the previous corresponding period's $94.6million

Billabong said reasons for the slowdown varied by region, but it believes fears of a global recession are impacting consumer confidence and spending patterns.

Billabong has been one of the shares to sell amongst recent times.

For FREE Daily Trading Recommendations, Click Here!

Australian Stocks News: Billabong (BBG) is a post from: Australian Stock Report Share Tips

Related posts:

1. Australian Shares News: TEN Network Holdings
2. Australian Stocks News: David Jones (DJS)
3. Australia Shares News: Qantas Airways (QAN)