The pop blog Cool Hunting has rounded up all things Where the Wild Things Are from Girl Skateboards to Urban Outfitter concept stores. Seems like this one is rolling out all around Spike Jonze. The only thing’s we’re really interested in are the 2″ tall Kurbrick figures and maybe the Lakai shoes. . . But check it all.
[Link: Cool Hunting]
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GE Capital sent out a press release yesterday explaining how happy they are to act “as collateral agent on a $200 million asset-based credit facility” for Quiksilver. Yes, that General Electric. Founded by Thomas Edison, owners of NBC Universal (Dew Tour, Alliance of Action Sports), makers of large jet engines.
“GE’s ability to commit a significant amount of capital helped to provide us with the liquidity we desired”, said Joe Scirocco, CFO for Quiksilver. “Also, their in-depth retail finance knowledge enabled us to quickly complete this transaction, which was integral to our ability to simultaneously execute other financing transactions both in the U.S. and in Europe.”
It doesn’t get much bigger than GE.
[Link: Lessors.com]
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After viewing some marketing material describing 70 styles of The North Face footwear as “antimicrobial” the US Environmental Protection Agency has reportedly filed suit against The North Face’s parent company VF Corp. for making “unsubstantiated public health claims regarding unregistered products,” according to a story on Sports One Source.
The suit centers around shoes featuring The North Face’s “AgION antimicrobial silver agent” which reportedly “inhibits the growth of disease-causing bacteria.” By the EPA’s definition that constitutes a pesticide.
Products that kill or repel bacteria or germs are considered pesticides, and must be registered with the EPA prior to distribution or sale. The Agency will not register a pesticide until it has been tested to show that it will not pose an unreasonable risk when used according to the directions. Consumers should be careful to look for the EPA registration number printed on product labels, and to follow the directions for proper use.
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One of the friendliest faces in action sports marketing and electric eyewear co-founder Mike Carter, has officially taken the job of vice president of global marketing for Rick Alden’s headphone company Skullcandy. Here’s what Carter said in the press release:
“This is a very rare and unique opportunity to join such an incredible team. The brand passion that Rick Alden and the entire Skullcandy family have created is infectious, and I’m excited to make my own unique contribution to a category leader that shares my similar marketing values and visions. I look forward to being apart of the next chapter in the ever evolving Skullcandy story. Let the good times roll…”
We really should have seen this coming. . . follow the jump for the entire release. [click to continue…]
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This morning, while surveying the action financial landscape from the comfort of our bed we noticed that Zumiez was up nearly 10 percent on morning trading to $16.87. Aside from making us wish we had purchased it at $7, we wondered what the deal was. According to Forbes it was an back-to-school upgrade from Wedbush analyst Betty Chen.
“We believe Zumiez benefited from solid back-to-school selling during the Labor Day weekend and while there may be some deceleration in the latter half of the month, we believe September sales will once again demonstrate an improvement from year-to-date trends,” Wedbush’s Betty Chen wrote in a client note.
We say this all the time, but this news kind of makes us wish we bought industry stock. . .but we don’t.
[Link: Forbes.com]
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Nixon is going to be moshing some art in the Big Apple Tuesday, September 22, 2009. Party starts at 8:00PM at 548 West 22nd St. NY, NY 10011. Stunningly cool jazz will be provided by The Mattson Two.
[Link: Nixon Now]
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Spy Optic’s parent Orange 21 got a recent letter from the Nasdaq giving them 180 days to get their stock price up or they will get delisted, according to a release sent out by the company.
To regain compliance, the closing bid price of the Company’s common stock must be at or above $1.00 per share for a minimum of 10 consecutive business days. If the Company does not regain compliance by March 15, 2010, Nasdaq will provide written notification to the Company that the Company’s common stock is subject to delisting.
Anyone want to give them a little help?
[Link: Business Wire]
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On Wednesday September 9, 2009 Richard “Wooly” Woolcott the chairman and CEO of Volcom sold 20,000 shares of his stock at an average price of $15, then on Monday, September 14 he sold another 20,000 at $15.1, for proceeds totaling more than $600,000, according to Form 4 filings with the SEC.
But don’t worry. He still owns 3,210,932 shares of his company’s common stock. Wooly’s dad Rene Woolcott, on the other hand, has been selling 20,000 shares of Volcom every month since May 2009.
This is, after all, how people get paid.
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Quiksilver has gone deep into the footwear industry and named Anton Nistl as the new president of DC Shoes, according to a story in the Orange County Business Journal.
He takes over running DC Shoes from former global president Nick Adcock and Americas general manager Mark Miller who left in recent months. . . . Nistl previously worked as senior vice president of sales at New York-based Vida Shoes International Inc., maker of shoes under the Baby Phat, Phat Farm, Osh Kosh, Carters Kids and other brands.
Sounds like Nistl has epic mass market skills and certainly knows soccer. Hopefully he likes skateboarding as well.
[Link: Orange County Business]
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