Americas improve for Billabong
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Billabong International says its key Americas business has "turned a corner", while its local division continues to struggle, The Australian reports.
"Europe is the issue, and Australia has had their issues as well; while America did have its issues, it has turned the corner, particularly in the last six months," chief executive officer Launa Inman said, according to the newspaper.
"The most important region is the Americas, and that is where our biggest sales come from," she said.
Ms Inman has spent the last three days in the United States launching Billabong's new season women's clothing range, a key part of its strategy to boost sales.