Wall Street

Arnette Shuts Down Encinitas HQ

by The Editors on September 29, 2015

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Arnette Eyewear has apparently shut down their world headquarters in Encinitas, California and laid off the employees that worked there, according to a story in the San Deigo Reader.

The general manager, Fab, said the brand is owned by Oakley, the global line of action sports apparel and equipment. He assumes the product line will continue through Oakley’s world headquarters in Foothill Ranch in Orange County. But he’s not sure about the plans for the future of the Arnette brand.

Looking at the upside, we guess this means we can park in Arnette’s lot while getting Ironsmith Coffee without having to worry about getting towed.

[Link: San Diego Reader]


THPS 5 Having A Really Bad Launch Day

by The Editors on September 29, 2015

Today is the official launch day of Tony Hawk Pro Skater 5 and from the word on the street things aren’t going well. The above video is a collection of glitches that occurred during game play today, and according to a post on Forbes.com there is a huge update coming.

Yesterday it was revealed that a day one update for the game will be 7.7GB. Hefty, but not unheard of, I suppose. But the difference here is that the original file size of the game is only 4.6GB. It’s unclear why exactly more than half of the game’s data is being saved for a patch, but reportedly it was playable, even without it. Still, it’s more than a little bizarre.

As they said on Destructoid, maybe we should wait until all this gets sorted out. One thing is for sure — there is a reason that no early release copies were sent out and it’s probably because all the fixes weren’t completed yet.

[Link: Forbes.com]


Steez Magazine Pulls The Print Plug

by The Editors on September 18, 2015


After nine years and 35 print issues the Massachusetts based Steez Magazine has announced today (September 18, 2015) that they will be going 100% digital rolling forward.

A lot has changed over the course of 35 issues and many of us are onto other projects and ventures and this move will afford us the time needed for those. The Steez Magazine website will continue to thrive with the latest in influential culture and we’ll keep on hosting events and releasing new apparel on a more regular basis. Someday we will print again on our own terms as always.

No surprise there. For the official word from Steez, follow the jump. [click to continue…]


Group Y Session With Bob Hurley

by The Editors on September 14, 2015


This Wednesday night (September 16, 2015) Group Y is presenting their inaugural Session Series. They’re calling it an “intimate one-on-one exclusive networking event that brings founders and creators from today’s leading brands to discuss their experiences, challenges and insights to accelerating business growth.” And first up is the affable, talented, and savvy Bob Hurley.

For Bob Hurley, it all started with the desire to make a better surfboard. Working closely with the best up-and-coming surfers in Huntington Beach and world champions like Rabbit Bartholomew, the Hurley label quickly became synonymous with the best high-performance shortboards on offer. Combining youth energy with a relentless drive to make surfing better, Bob seamlessly ventured into the apparel business, growing Billabong USA in the ’80s and ’90s to $100M before starting his own brand — Hurley — in 1999. For Bob, Hurley was more than an apparel company — it was an innovative, inclusive hub for every young creative mind with an affinity for the ocean. After partnering with Nike in 2002, Bob continues his mission of making Hurley the world’s most forward-thinking surf brand and a global Microphone for Youth.

It’s not as good as hanging out on the floor in the corner of Bob’s office, but these days it’s probably as close as we’re going to get. For more info and to register (it only costs $30) click the link.

[Link: Group Y Session]


Venture Snowboards Shuts It Down

by The Editors on September 3, 2015


Silverton, Colorado’s homegrown, “craft” snowboard company Venture sent out some bummer news for fans of the company. Thanks to a rough couple years, owner Klem and Lisa Branner have decided to not deliver any boards for 2015-16 season. Here’s what they said:

Circumstances beyond our control have forced us to make a tough decision. We will not be delivering any boards to market for the 2015-16 winter season. . . To our friends, colleagues, collaborators and all you Venture riders and supporters, we are deeply sorry. We sincerely apologize for any impacts this may have on you or your business.

They’re not ruling out getting running again, but aren’t sure. As one industry head told us yesterday, “The snowboarding industry is pretty weird right now.” We wish the Branner’s the best. For the complete letter, follow the jump. [click to continue…]

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Hey, Anyone Wanna Buy Quiksilver?

by The Editors on September 3, 2015

QuikQuiksilver is reportedly in a last ditch effort to find someone to buy them and bail them out the hole they’ve found themselves in for the past three years, according to a story on BloombergBusiness.

Quiksilver has been holding discussions with potential strategic bidders, said the people, who asked not to be identified because the process isn’t public. The goal is a management-led buyout, ideally outside of a bankruptcy, that would let the company retain its stores, two of the people said.

News of the discussions sent the stock rocketing up 7.9% to a whopping 45 cents at the close! The most interesting aspect to some of our readers may be that the lead company mentioned as Quik’s savior is Jamie Salter’s (remarkably successful) zombie brand holding company Authentic Brands Group. Yep, Quiksilver would likely fit in quite nicely with Airwalk, Vision Streetwear, and Sansabelt.

[Link: Bloomberg]


Long Beach Agenda Show In Two Weeks

by The Editors on June 26, 2015

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Yes, there are still a lot of great people and brands (750 of them) who attend the Agenda Show. If you are one of them then please be reminded that the show is in T-minus two weeks. The show runs July 8-9, 2015 from 9 AM to 6 PM at the Long Beach Convention Center. For more info (and to pre-register) please click the link.

[Link: Agenda Show]


Jake Burton’s Health Improving

by The Editors on June 24, 2015

Jack Mitrani, Jake Burton, John Jackson, and Gabi Viteri.

Jake Burton with Jack Mitrani, John Jackson, and Gabi Viteri at the 2013 SIA Show.

After weeks of rumors and speculation surrounding the health of Burton Snowboards founder Jake Burton Carpenter, Burton PR has finally today (June 24, 2015) released an official health update. It’s good news considering what Jake and his family have been through over the past two months.

Right after the 2015 Burton US Open in March, Jake Burton, Founder & Chairman of Burton Snowboards, was diagnosed with a type of Guillan-Barre Syndrome called Miller Fisher Syndrome. Miller Fisher is an extremely rare disorder that results in the body’s own immune system attacking the nerves. Jake had a very severe case that caused temporary paralysis of his entire body, so he was put on full life support in the ICU for nearly two months at Dartmouth-Hitchcock Medical Center in New Hampshire.

He is now out of the hospital and making progress toward full and complete recovery. For the official word from Burton, please follow the jump.

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More Bad News For Quiksilver

by The Editors on June 9, 2015

Logo-Qs@2XLast week a board member resigned with some anger and now Quiksilver stock has fallen 38 percent after the company reported a less than stellar second quarter, according to a story in the Orange County Business Journal.

The Huntington Beach-based apparel manufacturer and retailer posted $333 million in revenue for the quarter that ended April 30, compared with $397 million for the same period a year earlier. It recorded a loss of $37.5 million or 22 cents per share, about the same as last year. Analysts expected $341.24 million in revenue and a loss of 14 cents per share for the quarter. . . Revenue for its Quiksilver division decreased $28 million, or 16.7%, to $139 million. Sales for the Roxy division dropped $15 million, or 12.5%, to $105 million. DC Shoes was down $22 million, or 21.3%, to $81 million.

Down, down, and down. At this rate Bob McKnight and friends will be able to take Quik private again for next to nothing. . . oh, did we say that out loud?

[Link: Orange County Business Journal]

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K-Swiss Buys Kr3w And Supra

by The Editors on June 1, 2015


It looks like Supra co-founder Angel Cabada and his investors found an exit they were looking for because today K-Swiss Global Brands announced the acquisition of One-Distribution for the usual “undisclosed amount of money,” according to a story on TransWorld Business.

“Having formed KSGB just two years ago, we are on an aggressive track to become one of the world’s leading multi-brand companies,” said KSGB President and CEO Larry Remington. “KR3W and SUPRA are brands that meet the distinctions we are looking for in our portfolio: authenticity, strong brand awareness, a track record of product innovation and opportunities for long-term, global growth. We are excited to join forces with the ONE-Distribution teams and lay a foundation for the future.”

For a few questions and answers from Remington with TWBiz’s Kailee Bradstreet click the link.

[Link: TransWorld Business]