by The Editors on April 14, 2010
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Tomorrow night (April 15, 2010) Shaun White will unveil his new footwear line for Target Stores at a Midtown Manhattan shindig, according to a story in the New York Times.
The shoes, scheduled to arrive at Target on July 11, will accompany the 2010 version of the Shaun White clothing line that Target sells. The apparel is scheduled to arrive at Target in early August.
Tax day is likely the perfect time to unleash $34.99 shoes on the American public. Wonder how all the skate shoe companies feel about this?
[Link: New York Times]
by The Editors on April 14, 2010
Orange County California’s Chapman University created a new Chapman Entrepreneur of the Year award and they are giving the very first one to Volcom’s Richard Woolcott.
The honor, which Sudek said “reflects the dynamic entrepreneurial spirit of Southern California,” is meant to recognize the vital role Orange County plays in American business. . . Richard Woolcott co-founded Volcom in 1991. He has served as the company’s CEO since that time, and took the company public in 2005. In addition to his business credentials, Woolcott is also an athlete and member of the Scholastic Surfing Association Hall of Fame.
Wooly better make some more space in his trophy case. . .
[click to continue…]
by The Editors on April 13, 2010
Quiksilver today announced that they are selling off most of their non-Roxy bikini brands including Raisins, Raisins Girls, Leilani, Island Soul, and Island Escape to New York-based Breaking Waves International, a unit of AOM Holdings LLC, according to a story in the Orange County Business Journal. A press released posted on Global Surf News featured the following:
Craig Stevenson, President of Quiksilver Americas, stated, “As we review our operating priorities we are keenly focused on our core businesses of Quiksilver, Roxy, DC and, increasingly, Mervin. . . . In that context, and after evaluating opportunities for our other women’s swim brands, we felt the best course of action for our shareholders, our customers and our employees was to sell these women’s swim brands to AOM Holdings, who came forward with an attractive offer. AOM has extensive experience in the swim category and we are pleased that they have expressed their intent to continue to operate these brands within their existing channels of distribution.”
Oddly, no mention of Quik’s Radio Fiji line was made. Maybe no one wanted that one.
[Link: Orange County Business Journal, Global Surf News, Transworld Business, and Shop-Eat-Surf]
by The Editors on April 7, 2010
If you do a little funky math it would appear that March was amazing for core mall retailer Zumiez. Their total sales for the five-week period ended April 3, 2010 were up 20.1 percent to $35.8 million vs $29.8 million in 2009 and their same store comps were up 13.2%. For comparison, same store comps were down 17.9% for the same period in 2009.
Either the economy is turning around or people have just said screw it and are blowing what little money they have left on iPads and logo Ts.
[Link: CNN/Money]
by The Editors on April 5, 2010
We mentioned last year that Billabong CEO Gordon Merchant was having some trouble with his neighbors for a surf camera he was installing at his $12 million Angourie, NSW home. Now, Mr. Merchant appears to have purchased a new place on the point at Agnes Water, Queensland for $3.8 million, according to a story in the Gladsotne Observer.
Mr Merchant snapped up the timber “beach shack” for a bargain basement $3.8m after the property had once been on the market for a reported $17m. . . The modest high-set timber house sits on 3846sqm of land looking straight into the waves at well-known surf break Agnes Point.
The lot reportedly has enough space for Mr. Merchant to land his helicopter. And he won’t be alone. Rip Curl’s Claw Warbrick has a couple places in the area as well.
[Link: Gladstone Observer]
by The Editors on April 2, 2010
At first we thought this was an April Fools story, but it appears to be true. Vans just signed a new deal with Major League Baseball and Majestic Athletic resulting in team-branded footwear, according to a post on BizofBaseball.com.
Now Vans has teamed with Majestic Athletic and Major League Baseball Properties to bring the classic shoe styles to Americas National Pastime. . . Available only at select Vault by Vans retailers, the Vans Opening Day Collection, is an extremely limited edition offering consisting of: . . . A pair of premium Vault by Vans skate shoes with official Major League Baseball logos and colors. Shoes are premium material versions of Vans favorites such as Authentic, Old Skool and Classic Slip-On. . . A special Authentic Collection jersey by Majestic Athletic featuring Vans markings, each jersey is individually numbered for authenticity.
Only one dozen pairs of each teams shoes will be released, according to the story. Fifteen team kits will launch on April 3, 2010. The rest will go on sale the first day the team has a home opener.
Maybe Vans needs to change their tag line Off The Wall to On The Ball. . .
[Link: Biz of Baseball]
by The Editors on March 31, 2010
by The Editors on March 31, 2010
Hard to believe though it may be, Brad Dorfman’s creation Vision Street Wear is still alive as a clothing brand thanks to a new licensing deal between owner Collective Licensing International and Bioworld Merchandising (the company behind Jersey Shore clothing) according to a post on Sports One Source.
Under the design and manufacturing licensing agreement, Bioworld will help accelerate the momentum that Vision Street Wear has experienced since its re-launch in Summer 2009. The Vision Street Wear line created by Bioworld will include t-shirts, hoodies and bottoms, as well as headwear, bags, belts and other items and will be found at boutiques, specialty stores, malls and mid-tier distribution in the United States.
Just another reminder to never underestimate the value of a dead brand.
[Link: Sports One Source]
by The Editors on March 29, 2010
Orange 21, the parent company of Spy Optics reported a net sales of $34.2 million compared to net sales of $47.3 million for the year ended December 31, 2008, according to a post on 8264.com, however, their loses dropped from $15.2 million in 2008 to $3.2 million in 2009.
“The current recession continues to have a significant impact on the retail environment and our global sales. As such we will continue to control costs and improve operational efficiencies where possible to minimize future possible losses,” commented Stone Douglass, the company’s Chief Executive Officer. “During the year ended December 31, 2009, we reduced total operating expenses by approximately $7.6 million from 2008, excluding the $8.4 million goodwill impairment charge recorded in 2008, and expect to continue to benefit from these cost savings efforts during 2010.”
Losing money is bad, right?
[Link: 8264.com]
by The Editors on March 26, 2010
Volcom will be meeting with their shareholders at 10 AM on May 4, 2010 at the Volcom Roadhouse, 1660 Placentia Avenue, Costa Mesa, California, 92627 to do some business including the following:
1. To elect seven directors to the Board of Directors of Volcom for the ensuing year or until the election and qualification of their respective successors. The nominees for election to the Board are Richard R. Woolcott, René R. Woolcott, Douglas S. Ingram, Anthony M. Palma, Joseph B. Tyson, Carl W. Womack and Kevin G. Wulff;
2. To ratify the appointment of Deloitte & Touche LLP as our independent registered public accounting firm for the year ending December 31, 2010; and
3. To transact such other business as may properly come before the meeting or any postponement or adjournment thereof.
That pretty much covers it, no?
[Link: SEC]
Tomorrow night (April 15, 2010) Shaun White will unveil his new footwear line for Target Stores at a Midtown Manhattan shindig, according to a story in the New York Times.
