by The Editors on March 10, 2010
The wife of Balinese surfing legend Wayan Suwenda is continuing her battle against Billabong International over the distribution rights to the Billabong brand in Bali, according to a story in the Australian.
In our last update in December 2009 we mentioned that one person was already in prison and another had been added to Interpol’s most wanted list over this same skirmish. Now Suwenda is reported suing Billabong in Denpasar District Court for $168 million Australian.
In the past few years, the dispute has become very public in Indonesia, with CVBB taking out large advertisements in the local media putting its viewpoint, while Billabong has publicly replied to the allegations.
[Link: The Australian]
by The Editors on March 10, 2010
If Oakley were a country they would rule the Olympics. In Vancouver Oakley sponsored athletes won 65 medals. The USA was number one in medal count with 37.
We could not be more proud of the performances these athletes achieved, nor more honored that they chose to rely on Oakley products for the greatest competitions of their lives,” said Oakley CEO Colin Baden. “Our icon was pervasive in Vancouver. Some may think it was a matter of sponsorship, but world-class athletes insist on Oakley technology because they demand the very best in performance and protection.
Corpo-states will soon be ruling the world, and when they do, Oakley might not be a bad passport to hold. Follow the jump for the entire release. [click to continue…]
by The Editors on March 10, 2010
Quiksilver will host a conference call for analysts at 1:30 PM PST tomorrow March 11, 2010 to discuss Q1 results from fiscal 2010, according to a release on MarketWatch.
The conference call will be broadcast live over the Internet and will be available at www.quiksilverinc.com and at www.viavid.net. Computers being used to listen to the broadcast must have Windows Media Player installed.
Wonder if Quik got a piece of the February retail bounce? Today we will know.
[Link: MarketWatch]
by The Editors on March 4, 2010
Sanuk’s temporary retail experiment in Anaheim, California’s Downtown Disney is set to close when its lease expires March 14, 2010 according to a story in the Orange County Register.
Sanuk and Disney are in talks to find a new location within Downtown Disney, but nothing has been found yet, said James Crush, marketing manager for Sanuk Footwear. . . “We are working with Sanuk to develop future opportunities in Downtown Disney,” said Betsy Sanchez, a Disneyland Resort spokeswoman, in a prepared statement.
The store apparently flourished in the loose-wallet tourist zone.
by The Editors on March 4, 2010
February wasn’t so bleak for core mall retailer Zumiez according to same store sales numbers released yesterday March 3, 2010.
February sales at stores open at least one year rose 11.2%. Analysts, on average, had expected same-store sales to rise 1.2%, according to Thomson Reuters. Total net sales for the four weeks ended Feb. 27 increased 19.6% to $27.6 million, said the specialty apparel retailer.
Shares were up nearly 20% this morning to over $20: a two-year high for the company due in part to a Piper Jaffray upgrade of the stock.
[Link: Market Watch]
by The Editors on March 2, 2010
The website Alister & Paine bills itself as “the digital magazine for 21st century executives” and seeing how they knew enought to interview Sanuk’s Jeff Kelly we’d have to agree. So how does Sanuk stay relevant?
By constantly doing what Nike and Sketcher and Crocs and those guys can’t do. We’re completely random. It separates us and it still gives us that feeling that we’re a brand that works out of a garage. . . We’ve had guys like Brad Pitt and Matthew McConaughey embrace the product and wear it religiously. Vanity Fair asked Brad Pitt what his favorite shoes were and he said ‘Sanuk Sidewalk Surfers’. You can’t ask for a better endorsement than that.
[Link: Alister & Paine]
by The Editors on February 26, 2010
Now everyone can get exactly what they want on their own trunks thanks to a California company called Shortomatic. Building a pair of trunks with a customized graphic on it is as easy as selecting a waist and leg length and then uploading some art (photo, pattern, graphic) and pressing send. Shortomatic will then make your shorts (in the USA) and send them back to you.
We believe that while there is so much personal style and competition applied to water bound pursuits, then surely the equipment should reflect the same level of distinction. . . . Boardshorts obviously have their roots in popular surf culture, but our approach is much wider then this niche; we think of our product as the new ‘swimming trunk’. As at home in the swimming pool, hot tub or lake as on the beach, a board or just plain sunbathing!
The only problem? The shorts cost about $100 a piece. . . but you can get your name in the waistband. Wonder if they’d let us make some mangina trunks?
[Link: Shortomatic via Coolhunting]
by The Editors on February 26, 2010
Globe International Limited CEO Matt Hill today announced that the company is reporting a net profit of AUS$800,000 for the half year ended December 31, 2009 even though total revenues were down $13 million or about 22 percent.
This comes as good news for those who remember that last year at this time the company was reporting losses of AUS$9.3 million dollars for the same period.
“The Group’s main goal for this financial year was to achieve a significant turn-around in profitability so it is pleasing that the first half financial result is in line with this goal. However, trading conditions continue to be difficult and, while not unexpected, it is disappointing that revenues declined for the half. Conditions remain hard to predict and while there are some signs of recovery in the Group’s account base we will continue to approach the next six to twelve months with caution.
Caution is not a bad idea this season.
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by The Editors on February 25, 2010
Volcom announced today that their fourth quarter consolidated revenues were $64.2 Million; net income was $3.4 Million and they’re pretty happy about it.
“I am very proud of the entire Volcom team’s focus, dedication and strategic agility this past year as we navigated through one of the most challenging economic periods in history,” said Richard Woolcott, Volcom’s chairman and chief executive officer. “We rose to the challenge, remained healthy and profitable and planted the seeds that I believe will position the company for growth and success in the years to come.”
Follow the jump for the rest of the details or click here for the entire release. [click to continue…]
by The Editors on February 25, 2010
Spy Optic‘s parent company Orange 21 has announced a partnership with singer, songwriter, author and pilot Jimmy Buffett in which the company will create a line of sunglasses for Buffet’s Margaritaville “lifestyle” brand.
Orange21 is honored to be producing this line of eyewear for Jimmy and for Margaritaville. Jimmy’s life work continues to touch so many people and has basically defined the notion of FUN for all the right reasons. That’s the kind of friends we like to hang with!” says Stone Douglass, CEO of Orange21. “Adding Margaritaville Eyewear to our lineup is a continuation of our multi-branded strategy at Orange21 and we look forward to continued success as an expanding and authentic leader in the lifestyle eyewear market.”
A good pair of shades are important after an all-night tequila bender and no one knows that better than the parrothead army. Plus, middle-aged Orange County swingers probably need an eyewear brand they can identify with.
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The wife of Balinese surfing legend Wayan Suwenda is continuing her battle against Billabong International over the distribution rights to the Billabong brand in Bali, according to a story in the Australian.
