During a conference discussing its financials with analysts, Quiksilver executives commented they was seeing better business in corporate retail in Canada compared to the US. Speaking about the US corporate retail market,an executive stated, “I think as the environment has deteriorated and the currencies have changed, there's been a big hit in tourist markets. Hawaii has been compressed, New York has been compressed. We are seeing a bit better business in Canada at retail, and I believe also on a wholesale and a retail basis, Latin America is holding up better, and it appears that Europe is stable. Their retail comps have stabilized.”
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