Jeff Harbaugh delves into Nike’s recently reported quarterly numbers today on his Market Watch blog and sees another quarter of the “monster” is doing well on nearly all fronts; including Hurley and Converse.
Hurley, which we’d all like lots of details on but don’t get, is part of Nike’s “Other Businesses” segment. In addition to Hurley, the segment includes Cole Hann, Converse, NIKE golf and Umbro. That segment generated revenues of $693 in the quarter. Hurley revenues were up double digit, but that’s the only specific we get, and it’s not all that specific.
For the rest of Harbaugh’s walk though click the link. . .
In a nearly perfect metaphor for the Nike Corporation and the way they treat anyone who gets in their way, Danny Kass is ripped apart by some of his favorite zombies to promote his new Zoom DK snowboard boots. Lick it up.
The blingineers at Nixon have created an extremely icy timepiece for the overall winner of Street League which will be named in Las Vegas on September 25, 2010.
The Champion will be awarded a one-of-a-kind Nixon 5130 Ceramic watch adorned with 12.76 carats of diamonds.
For those who believe wearing their fortune on their wrist is the best idea ever, it doesn’t get much better than this.
Siamak Michael Rahimi, 56, of Santa Monica, California owns a big building in Los Angeles that he likes to use to hang tremendously huge advertising banners from. The most recent banner was for Vans Shoes. Problem is the banners are illegal in Los Angeles, according to a story in the Daily Breeze.
Rahimi. . . was arrested for installing and maintaining the jumbo-sized exterior advertisements on a vacant building and adjacent parking garage he owns at 9800 South Sepulveda Boulevard, across the street from LAX, according to the Los Angeles City Attorney’s Office. . . Rahimi, LAX Enterprises and Westside Investment Group were each charged with 12 counts of illegally erecting a supergraphic sign, 12 counts of illegally maintaining an off-site sign, 12 counts of obstructing Fire Department emergency entrances and exits from the building and 12 counts for failing to identify the person or entity responsible for installing and maintaining the signs.
Wonder if the VF Corp is going to cover Mr. Rahimi’s legal costs?
Jeff Harbaugh checks in on the progress Quiksilver has made lately. He says things at the action fashion giant are looking up.
Quik is the poster child of a company that’s done what it needed to do following the twin blows of the Rossignol acquisition and the recession. As somebody who’s done a bit of turnaround work, I can tell you it’s no fun, for either management or employees, to be dealing with negative stuff month after month. Quik maybe has a little more work it wants to do on its balance sheet, but it’s largely out from under the reverberations of that deal though, like all of us, not of the recession.
And all they had to do was trade off a chunk of the company. Click the link for the rest of the analysis.
According to a story in the Daily BreezeBlack Flys is still in business a year after Jack Martinez sold the trademark to the company’s Asia distributor Carrozzeria Japan Co. Ltd.
“This past year we have been doing everything we can to just gain the relationship and trust back from our old clients,” Black Flys Inc. co-manager Cary Hokama said. . . The 32-year-old manager – dressed in a white collared shirt – said the company plans to . . . attract younger customers who embody an “absence of restraint,” in addition to its older, “hard-core” loyalists.
Jeff Harbaugh just wrote up his analysis of the most recent Zumiez quarterly report but the part of his column that has everyone talking is something he mentioned about Zumiez purchasing 14.3 percent of an unnamed apparel and hardgood manufacturer.
On May 11th, Zumiez bought a 14.3% interest in a manufacturer of apparel and hard goods for $2 million. I emailed Zumiez asking for more details but they aren’t disclosing any, which is what I expected. Zumiez has the right to sell its interest back any time between the fifth and the seventh anniversary of the investment. And the company they invested in has an option to buy their stock back on or after the seventh anniversary of the initial investment.
And it makes us wonder: what brand is so important to Zumiez’s that the core mall retailer was willing to pay $2 million to keep them in business. If you have any ideas, please leave them in the comments
. [Link: Jeff Harbaugh’s Market Watch]
Starting Friday September 10, 2010 Weezer fans can buy the new Weezer album Hurley at PacSun three days ahead of its official release, according to a story on Stereogum. Not only that, but there will reported be “Weezer-inspired” clothing for sale as well.
If “Weezer-inspired” refers to the band’s nerdy, ’90s look of worn cardigans/hoodies, plaid shirts buttoned up to the throat, ’70s sportswear, etc., then isn’t it more to the spirit of the band to get the originals in thrift stores?
Nope. Rivers is an aging rock star and as anyone who’s read Bill Flannagan’s Evening’s Empire knows, the most important thing about being a rock star is getting paid.
It appears the someone from the world famous Shorescrew blog got a little sneak look at Volcom’s new online shopping site (http://shop.volcom.com). Looks pretty good. Welcome to the new millennium, VeeCo. It’s about time.
When a bank in Austin, Texas was robbed by a scruffy white male people in the bank were quick to point out that “the suspect was wearing a ‘Volcom Diamond’ shirt.”
According to Austin Police, the male suspect entered the Wells Fargo Bank at 3212 Red River St. at 12:14 p.m. . . Witnesses say that the man did not present a weapon as he demanded cash from a teller. . . The robbery suspect received an undisclosed amount of money and fled on foot.
If this photo is any indication we’re guessing he’s on his way to the nearest PacSun. If you know him and don’t like him very much call the Austin robbery tip line at (512) 974-5092.
Jeff Harbaugh delves into Nike’s recently reported quarterly numbers today on his Market Watch blog and sees another quarter of the “monster” is doing well on nearly all fronts; including Hurley and Converse.
