by The Editors on December 6, 2007
In a press release sent out to the action sports industry yesterday, Burton Snowboards has announced that it has learned that Burton product is now appearing on Overstock.com and at your local Costco Warehouse. But of course, they are on top of it, according to a release posted on TransworldSnowboarding.com
Burton’s new policies were already put to the test this season when unauthorized products were uncovered in the U.S.-based Costco chain and at discount online retailer Overstock.com. In addition, unauthorized European dealers were found with product that originated in the U.S. Burton acted immediately to discover the sources of these sales and terminated two U.S. accounts.
We have no reason for our feelings of skepticism other than the fact that products show up in Costco and/or Overstock for two reasons: 1. Because manufacturers sold them the product because they like the distribution, or 2. Because the manufacturer has over-produced for the market. Either way, it’s the manufacturer who is responsible and no one else. “Terminating two U.S. accounts” just looks to us like a classic case of blame shifting.
[Link: Transworld Snowboarding]
by The Editors on October 31, 2007
Why wouldn’t one of the trendiest clothing companies in action sports build their first retail store on the most famous corner in San Francisco (Haight and Ashbury)? No reason, according to a story in TransWorld Business.
According to RVCA Founder Pat Tenore, the diverse subcultures still found in the neighborhood make it the perfect landscape for the brand’s first retail location. “I grew up in the Bay Area and have always had a big spot in my heart for San Francisco,” Tenore says. “The city has everything—art, music, surfing, and skateboarding. It’s home to a lot of the cultures and subcultures in which RVCA and the Artist Network Program are involved with.”
Exactly.
[Link: Transworld Business]
by The Editors on October 31, 2007
As if the Rossignol part of the Quiksilver purchase wasn’t enough, the Cleveland Golf numbers were a huge drag on Quiksilver’s otherwise strong position in the sports marketplace. Now, it appears Quik can become even lighter on its feet now that it has announced the sale of Cleveland Golf to SRI Sports Ltd of Japan for a reported $132.5 million.
Quiksilver Chief Executive Robert McKnight said in a statement that Cleveland Gold was “not a strategic asset for us as we strive to maximize our core businesses and brands.”
How right he is.
[Link: Reuters]
by The Editors on October 30, 2007
Don’t really need so say much more than this. Be there
by The Editors on October 16, 2007
Is it still a surf brand? Was it ever? What does the future hold? Nike has announced that Roger Wyett, 51, is the new CEO of Hurley. Here is his bio:
Wyett brings to Hurley more than 25 years of experience in the apparel industry, including seven years at Nike. Wyett first joined Nike in 1994 and held a number of key senior apparel roles in soccer and Nike Team Sports before leading Global Product Creation. Before joining Nike, he worked in the apparel industry in Los Angeles for 14 years, including five years at Puma USA.
We don’t know the guy, but ah. . . we’ll just leave it at that.
[Link: Boardsports Source]
by The Editors on September 11, 2007
Yep. If you’re a snowboard shop in Chicago and you sell Burton product get ready to be put in the submission hold until you tap out. Burton will do retail better than you do. Don’t say you weren’t warned.
.
by The Editors on September 11, 2007
It didn’t look that big to us, however, according to ASR official the fall 2007 Show in San Diego was big. Some said it was due to the new “moto” section, but we’re not sure. Follow the jump for the entire press release.
[click to continue…]
by The Editors on August 28, 2007
On Wednesday, Aug. 29th at 11:30 am-12:30 pm VeeCo will be having a beach cleanup at 56th street in Newport Beach, Ca. And they’re asking everyone to please come down and join them. They’ll be giving out free t-shirts to all volunteers while supplies last.
by The Editors on August 24, 2007
Even though Billabong has reported a net profit of $167.25 million (up 14.6 percent) for 2006/07, and sales revenue that grew 20.1 per cent to $1.22 billion, shares in the company still fell five percent after the announcement today.
Sales in the Americas, the group’s biggest region, rose in the double digits, while EBITDA rose by 12.3 per cent to $US111.9 million ($A136.03 million). Mr O’Neill said the Americas region was backed by strong performances in Canada and South America.
Oddly, an analyst “who did not wish to be named” said the Americas were “disappointing” because of the Aussie dollar. Can you be a quoted stock analyst and not wish to be named? We’re all for anonymous comments, but still that seems shady.
[Link: The Age]
by The Editors on August 23, 2007
Zumiez, Inc. shares are down today after a Piper Jaffray downgraded their rating from “outperform” to “market perform.”
Shares of Zumiez (nasdaq: ZUMZ – news – people ) declined $1.40, or 2.9 percent, to $46.49 in premarket trading. A Piper Jaffray (nyse: PJC – news – people ) analyst cut the stock’s rating to “Market Perform” from “Outperform,” saying shares are fairly valued.
This is in spite of the fact that Zumiez reported higher than expected profits and sales in the second quarter. Zumiez stock is up 96 percent in the past 52 weeks. Not bad if you’re in it.
[Link: Forbes]
