The reigning champ, musician Alexander Antebi, preened and vamped his way to third place in what he dubbed his “Ziggy Czar Dust’ getup, professional skateboarder (and Bristly Chap) Patrick Melcher took second place, and Benjamin Juergens came out of nowhere to take first place in his first-ever competition.
Bet those rides are going to go for more than a quarter now that it’s a champion. . .
It’s mall retail conference call day around these parts. And Zumiez will spill the details and spin the news for business ending March 31, 2009 for analysts at 3 PM PST today. To listen to the webcast click here and go to http://ir.zumiez.com. [click to continue…]
Today (May 21, 2009) Pacific Sunwear will discuss Q1 results in a conference call at 1:45 PM PST. And we all get to listen in as CEO Sally Kasaks explains how bad things are and why, lucky for shareholders, PacSun has a plan in place to weather the storm and kick butt as soon as this whole economy thing turns around. Click here to listen to the conference call.
Epic. Now VanscanKISS both our feet and your asses at the same time with these new old skools and denim emblazoned with images of Gene, Paul, Ace, and Peter.
We’re guessing these are going to sell very well in the mall stores and with a certain older demographic who just can’t seem to find anything that will ever compare to that Anaheim Stadium show during the summer of 1976.
No, we’re not really surprised that Mike Vallely has teamed up with MMA clothing company Affliction. But then after his LA Ducks deal from last October there’s really nothing that would surprise us.
“Affliction Clothing mirrors my aggressive style and attitude,” said Vallely. “I’ve never felt comfortable in surf apparel — that look was never really me. Affliction is a clothing brand that expresses what I’m all about and in turn allows me to express myself.” Marketing Director Chris Lisk commented, “Affliction is excited about working with Mike V. He has always held strong as an individual and we acknowledge and promote that quality in all of our athletes and artists.”
Sounds like a fighting good deal for Mike. Follow the jump for all the details.
The stock’s rating was cut to “sell” by Royal Bank of Scotland Group Plc, “underweight” by JPMorgan Chase & Co., and “underperform” by both Macquarie Group Ltd. and Credit Suisse. . . “The old Billabong story was a seductive growth story as surf fashion took market share in the urban and street apparel segments,” Greg Dring, a Sydney-based Macquarie analyst, said in a note to clients today. “The new Billabong story seems to center on customers that are increasingly short-term focused and are reluctant to order for the future.” Dring cut earnings estimates in 2010 by 23 percent.
But we still haven’t really figured out the whole analysts game.
According to legal documents linked up by Josh Hunter at Transworld Business, Zumiez has apparently offered $7.2 million for The Active Wallace Group.
Based on the offer made by Zumiez, Active proposes to sell its assets for a total consideration of up to as much as $7.2 million cash, depending upon the outcome of Zumiez valuation of inventory and determination of number of stores to acquire. The total consideration offered to be paid by Zumiez in this case is based on the following formula:
1.) Inventory valued at the lower of cost or market, as determined by an appraiser hired by Zumiez;
2.) $100,000 per store to be purchased by Zumiez; and
3.) Assumption of gift card certificates up to $1.3 million, with total consideration to be adjusted if gift card liability is in excess of $1.3 million.
Crazy days indeed. Odd how quickly things can turn around. Click here to download the entire legal document from TransWorld Business. We’d suggest you read Tiffany Montgomery’s story on Shop-eat-surf.com, too, but you’d have to become an executive member to access the entire piece.
According to a story on Bloomberg.comVF Corp’s CEO Eric Wiseman is letting people know that he and the company are in “active discussions” on an outdoor/action sports acquisition. Wonder who that could be?
“There are lots of really interesting discussions about brands that may be appropriate,” Wiseman, 53, said in a May 15 interview at VF’s headquarters in Greensboro, North Carolina. “I hope we can make an interesting acquisition this year.”
The word before was that VF was gunning for DC Shoes. But with everything going down lately, we’re wondering why VF would take one little bite, when they could just chomp down on the whole thing. . .
We all know that Ryan Sheckler’s new Wicked clothing line RS by Sheckler is hitting JCPenney this summer just in time for back to school, but what we didn’t know were WMG’s Steve Astephen’s plans for the brand.
