Lucy Vargas said the company was “looking to be a leader in the fast fashion space … and we need to get our brand to a place where people see it as an important part of the brand so that we can continue to grow,” she said.

Cox said the company and its corporate parent, Quiksilver, had set out the goals in the company’s annual corporate reengineering report, where it laid out what it said would be the company’s goals for the coming year.

Cox said the company would be investing $20 million in research and development, and $10 million to $12 million in acquisitions and share repurchases of the company’s existing and new ventures. The company may also make buybacks and dividends, he said.

The company is aiming to hire 500 people, hire 50 staff, and launch 150 new products this year, it said.

The results were largely consistent with its financial outlook in the latest financial and operating results.

To read all the company’s recent earnings releases, click here.

For the company’s latest financial results, click here.

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