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.
by The Editors on February 3, 2010
[Editors’ Note: ASR Photo Gallery Now Up. To jump straight to a section click the links: Access : Class : Products : Crossroads : SPoT Am Awards]
ASR’s fractionalized trade show (February 3-4, 2010) had it all broken down into three zones: cool fashionista upstairs in Class (above), surf dogs and street fighters down the escalator in Access (below) and all the skateboarders in the PetCo Parking lot (way below).
The main isle of the ASR Access Show. See that’s stripped wall? That’s the end.
You don’t realize how much energy all the skate companies bring to ASR Show until they’re at their own venue across the street. We’ve never done so much walking just to see all our people. Not that we mind. We’re just saying.
More photos and commentary will be posted later. Right now, it’s time for the Grant Brittain signing in room 25B upstairs and the over to Tum Yeto HQ for the Skate Park of Tampa x The Skateboard Mag Amatuer Awards.
by The Editors on February 3, 2010
by The Editors on February 2, 2010
According to ActionWatch December 2009 comps in core shops were up over October and November, but closed out the quarter 13 percent down, according to a post on Transworld Business.
This number gives the fourth quarter first prize in lowest sales declines of the year for the shops on the panel, but by a very small margin,” said Cary Allington. “Also, Q4 2009 had the “easiest” comparison of the year since that quarter was so bad in 2008, so we were actually expecting (or at least hoping) for an even smaller comparative sales decline.”
So that means it’s not getting worse, worse. It’s getting better worse. And that’s good.
[Link: ActionWatch via TransWorld Business]
