Set over two floors, the store will showcase Volcom men’s and women’s apparel, as well as Special Edition pieces. . . . The theme of the store will focus on V-Entertainment – Volcom’s very own record label. Over the coming months we will be announcing regular gigs at the store – so be on the lookout.
[Link: Snowboardclub.co.uk]
{ Comments on this entry are closed }
Tomorrow night is the kick off for Quiksilver’s SiteLA We Ride The Night exhibit which artistically celebrates bicycling in LA.
Ride on over to Quiksilver siteLA Saturday, October 11th, 6-9pm for the “We Ride By Night” opening reception. Special musical performances by Super Karma and Telemetique with dj sets by Laundromat United. Also, burritos will be provided with donation to The Burrito Project.
This party is being thrown by a group of women that Fast Company called Quiksilver’s Spice Girls in their September profile on companyss artmercial project for women.
Sadly, this party is during the Vans Downtown Showdown at Paramount Studio so we doubt we’ll make it over.
[Link: Streetsblog LA]
{ Comments on this entry are closed }
With the markets crashing, what better time for companies to invest in themselves. This appears to be the rationale of the Nike board of directors as they approved a four year plan to buy back $5 billion in Nike common stock.
We are pleased to extend Nike’s track record of returning value to shareholders through sustained share repurchases,” said Mark Parker, NIKE, Inc. President and CEO. “Over the past 10 years, NIKE, Inc. has returned $5.5 billion to shareholders through the repurchase of more than 157 million shares. This new share repurchase program demonstrates our continued confidence in Nike’s long-term growth prospects and financial strength.
[Link: Business Wire]
{ Comments on this entry are closed }
Falling stocks really aren’t news these days, but we still have fun looking at the charts like this one from Quiksilver’s last year. With it’s $2.79 price today Quik has hit its lowest stock price since 1998.
We hate to admit it, but even to us it’s beginning to look like a bargain.
[Link: Yahoo! Finance]
{ Comments on this entry are closed }
That’s one big piece of street art. Guess a big model deserves a big space. It’s nice that Nike has something else to spend money on, isn’t it?
[Link: Hurley.com]
{ Comments on this entry are closed }
This afternoon at around 12:50 PM Zumiez stock broke through it’s previous 52-week low ($11.85 in July 08) to $11.55 and it appears the bottom has not been reached thanks to reports yesterday of a less than stellar September.
Interestingly, Zumiez’s number two competitor in the malls of America, The Buckle, was up $1.19 today to $49.14.
{ Comments on this entry are closed }
It looks like teen retailers may have found the bottom of the two-and-a-half year “discretionary recession” according to the 16th semi-annual “Taking Stock with Teens” research survey published by Piper Jaffray.
Our national school survey indicates total spending on fashion is essentially flat with last fall,” said Klinefelter. “While it may be too early to call an inflection point, the results of the survey may point to an improvement in spending on this category within the next six to 12 months. Historically, fashion replenishment cycles have lasted three to five years, followed by transition cycles lasting another two to four years.”
The group that Piper oddly calls “West Coast Brands” made up of PacSun, Volcom, Quiksilver, Zumiez, etc. has moved past Hollister into first place since the April report. But if you take them on their own, Hollister is still kicking everyone’s ass. Behind Hollister is fForever 21, American Eagle and Abercrombie & Fitch.
Click the link for the rest of the “key findings.” None of it changed much from the last report.
[Link: Market Watch]
{ Comments on this entry are closed }
America’s core sports mall store Zumiez reported their same store sales were down 9 percent in September according to a story on Forbes.com.
The Everett-based retailer said its same-store sales results were dragged down by poor performance California, Arizona, Florida and Nevada – areas that are among the hardest hit by the nation’s housing market meltdown.
The good news is that net sales were up over last year to $33.6 million. Guess that’s what happens when you keep adding more stores.
[Link: Forbes.com]
{ Comments on this entry are closed }
Wachovia is no longer hyped on Pacific Sunwear. So they’ve knocked the mall retailer down a notch from Outperform to Market Perform
Until now, our thesis had been predicated on improvements in merchandising, coupled with new operating efficiencies. However, we believe the assortment is losing focus, evidenced by too much color overall and an overinvestment in the weak-trending fleece category.
It’s kind of laughable that Wachovia would have any opinions about the market when they can’t even run their own business. But they’re still giving the stock a valuation range of $5-6. PSUN is now trading at $4.98.
[Link: StreetInsider.com]
{ Comments on this entry are closed }
Nearly 3,000 pairs of “fake Vans shoes” were seized by the Philippines’ National Bureau of Investigation in Pasay City on Monday according to a story on Inquirer.net.
Raided were the sales outlet of Wintelo Merchandising located at Stall S-23, Bagong Milenyo Wholesale Center, F.B. Harrison Street, Pasay City. . . . Agents of the NBI Intellectual Property Rights Division also swooped down on the establishment’s stockrooms located at Unit B-43, Bagong Milenyo Wholesale Center; and at the 3rd Floor, LEY Warehouse, Russel Avenue, also in Pasay City.
Sounds like someone missed a bribe payment.
[Link: Inquirer.net]
{ Comments on this entry are closed }
