by The Editors on February 19, 2010
The battle between Quiksilver’s Roxy and Kymsta Corp’s Roxywear has been rolling on in court for nearly a decade and the back and forth wins in US District courts have kept lawyers for both companies working overtime it seems.
In 2008 the court, ruling in Quiksilver’s favor, decided that Roxywear would have to phase out their line of clothing over an 18 month period. On December 30, 2009 an appeals court decision overturned that ruling and Kymsta has won the right to start making clothes again, according to a story in ApparelNews.
“After all these years, we’re finally done,” said attorney James Nguyen, who represented Kymsta. . . “This is very positive for us,” said Art Pereira, who with his wife, Roxanne Heptner, owned Kymsta. . . “Hopefully this is the end of it,” said Charles Exon, Quiksilver’s chief administrative officer, executive vice president, secretary and general counsel. “From our first meeting, Quiksilver was happy to have Kymsta live within the parameters that were ultimately set forth.”
Apparently, the little guys occasionally win some.
[Link: Apparel News via Sports One Source]
by The Editors on February 16, 2010
by The Editors on February 16, 2010
While we heard reports that the annual ispo Trade Show in Munich had a couple busy days, a so-so day and “the fourth day was for the exhibitors to visit each other” show organizer Messe München International claims they had a record year, according to a story on SportsOneSource.
More than 64,000 international visitors from 177 countries came to preview new trends and innovations during the 70th ispo in Munich, Germany. That represents an increase of close to 7% compared to 2009. . . Show organizers said 68 percent of visitors came from abroad, an increase of about 2% compared to last year. . . . “The numbers clearly show how strong this international sports business network is,” said Klaus Dittrich, chairman of the Management of Messe München GmbH: “Even after 4 decades ispo remains the “place to be” for the global sporting goods industry. In the future we will continue to expand our position with innovations and new concepts, like the ispovision and Opinion Leader concept.”
[Link: SportsOneSource]
by The Editors on February 11, 2010
Paul Speaker, the president of Time Inc.’s in-house video production unit, has apparently been named to the Quiksilver board of directors according to a press release issued today. Bob McKnight is very pleased.
“We are very pleased to welcome Paul to our Board of Directors and we look forward to the important contributions he will make to the future success of Quiksilver. Paul has a terrific track record as a marketing innovator and he will add a valuable executive perspective to our continued efforts to market our great global brands and our media in new and interesting ways. Paul’s experience in coordinating marketing messages across multiple platforms including online, television, mobile and video-on-demand will help us to evolve our marketing strategies and drive effective use of technology in communicating our messages.”
We’re certain stranger things have happened on the Quik boards, but we just don’t remember them. Follow the jump for the entire release.
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by The Editors on February 11, 2010
In a conference call at the ungodly time of 8:30 AM ET today VF Corp announced their Q4 numbers and aside from a “$114.4 million after-tax, noncash charge related to the impairment of goodwill and intangible assets” things were looking up even though total 2009 revenues were down 6 percent.
Fourth quarter revenues in our Outdoor & Action Sports coalition grew 8%, with operating income and margins each reaching record levels for the period. Global revenues of The North Face(R) and Vans(R) brands grew 7% and 14%, respectively. Total coalition revenues in our Americas businesses rose 4%, while international revenues were up 9% in constant dollars, led by exceptionally strong growth in Asia. Total direct-to-consumer revenues for our Outdoor & Action Sports coalition rose 21% in the quarter.
Inexpensive, stylish shoes and high-priced technical outwear seem to be growing in popularity. Follow the jump for the press release or the link for all the numbers.
[Link: VFC]
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by The Editors on February 9, 2010
The Goat & The Occasional Others are releasing their new album – The GOAT Speaks. And to celebrate Emerica is throwing a big party at 3 Clubs at 1123 Vine Street in Hollywood, CA. The evening will also commemorate the launch of the new GOAT x Emerica collab shoes hitting skate shops now! Music by The Goat and DJs The Blackouts, Heather Thompson, and Turbotito vs Timmy The Terror.
by The Editors on February 8, 2010
Zumiez had a great January according to a new release issued last week. Store comps were up 1.8 percent and total sales came in at $22.1 million for the month, up 9.2 percent over last year.
In other news, Tom Campion and Richard Brooks reminded everyone how many shares of the company they own in Schedule 13g filings. Campion owns 5.6 million shares or 18.6 percent and Brooks owns 3.7 million shares or 12.3 percent of the company.
Zumiez stock was trading up 9 cents at $13.21 in morning trading.
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by The Editors on February 8, 2010
In the middle of 2009 the Volcom Compensation Committee decided that because of the economic climate they were making some adjustments to the salaries of their executive officers.
Now, according to documents filed with the SEC, they have decided to ratchet those salaries back up to the amounts they originally approved before the cutbacks.
Here’s what everyone is making now (before bonuses).
Richard Woolcott, Chairman and CEO $447,017
Jason Steris, President and COO $353,420
Douglas Collier, Executive Vice President, CFO, Secretary and Treasurer $336,000
Tom Ruiz, Executive Vice President of Sales $ 336,000
Troy Eckert, Executive Vice President of Marketing $336,000
Glad they got all that straightened out. These guys work hard and they have to deal with their salaries being public record.
[Link: SEC]
by The Editors on February 8, 2010
As of January 31, 2010 Sally Frame Kasaks, the former CEO of Pacific Sunwear is no longer on the board according to a Form 8-K filed with the SEC.
On January 28, 2010, Sally Frame Kasaks resigned as a director of Pacific Sunwear of California, Inc. (the “Company”), effective as of January 31, 2010. Ms. Kasaks’ resignation from the Board was in conjunction with her retirement from the Company, the date of which was previously disclosed in the Company’s Form 8-K dated June 17, 2009 (the “June 8-K”).
Gary H. Schoenfeld has filled “the vacancy created by Ms. Kasaks’ resignation.” No surprise, just interesting to see the official paperwork.
[Link: SEC]
by The Editors on February 4, 2010
The February 2010 ASR Trade Show’s requisite fashion show went down Wednesday and Thursday at 3pm in the far corner of the main floor. Early attendees were greeted with glasses of champagne and comfortable couches surrounding the catwalk.
Once the lights went down and DJ Albert Rosario started dropping beats the standing room only crowd watched as 47 different looks from element, Fox, Volcom, O’neill, Levi’s, Rusty, and others went down the runway. Sadly, this was not a swim show.
Click here for the entire photo gallery.
The battle between Quiksilver’s Roxy and Kymsta Corp’s Roxywear has been rolling on in court for nearly a decade and the back and forth wins in US District courts have kept lawyers for both companies working overtime it seems. 
