Wall Street

Agenda Show Long Beach Coming Up

by The Editors on June 15, 2016

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This is a little reminder that the Long Beach Agenda Show is coming up June 29 – 30, 2016. If this is news to you, it’s probably too late to do much more than show up. And if you’re going to show up, you should register. To register, click the link right here.  And then, have a great show.

Oh, and if you can’t make Long Beach, there’s always Miami and Las Vegas, too.

[Link: Agenda Show]

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Oakley Get’s All Over Sage Kotsenburg

by The Editors on June 14, 2016

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Oakley has landed slopestyle gold medalist Sage Kotsenburg in a “multi-year partnership.” Sage will be wearing everything Oakley including goggles, outerwear, eyewear, helmets, and most likely some stuff they haven’t even invented yet.

“We are thrilled to welcome Sage to the Oakley family. Sage embodies the Oakley brand as an athlete looking to push the limits of what is possible,” said Cuan Petersen, Oakley’s Vice President of Sports Marketing. “For decades, we have created industry leading eyewear, goggles, outerwear, and most recently helmets, for some of the most recognized snow athletes in the world. We look forward to pushing our innovations and technologies forward in partnership with Sage.”

Maybe Oakley will even pay him enough so he can drop one of his others sponsors. For the official word from Oakley, please follow the jump.

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SIA HQ Moves To Park City, Utah

by The Editors on June 9, 2016

SIA_logo-tm.jpgThe SnowSports Industries of America today announced that they are packing up their offices in McLean, Virginia and heading west to shack up near the USSA in Park City, Utah.

“This relocation is a necessary step to keep SIA at the core of our industry and is a strong indicator of the direction we are taking with the organization’s future,” said SIA President Nick Sargent. “This move allows us the ability to be closer to our members and other industry stakeholders, while leveraging the synergies found in a snow sports community to develop new programs and strategies for positive industry growth. In addition to these significant business benefits, having the opportunity to ski and ride the Greatest Snow On Earth is a nice perk.”

Anything that makes anyone’s travel time shorter is a great thing. And having a snow industry association near such amazing snow is even better. Now, if they’d just move the SIA Trade Show with them we’d be even happier. The move will be made in August 2016. For the official word from the SIA, please follow the jump.
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Jamie Mitchell Joins Sticky Bumps Elite Team

by The Editors on June 1, 2016

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Sticky Bumps is happy to welcome big wave icon Jamie Mitchell to their Elite Team.

Jamie Mitchell has been called the “World’s Greatest Waterman” and is said to “ooze greatness.” He is a lover of all watersports, especially big wave surfing and paddle boarding. He does these sports with such confidence and ease, it is no wonder Sticky Bumps has added him to their Elite Team alongside other amazing big wave surfers, Garrett McNamara, Coco Nogales, Trevor Sven Carlson, Danny Griffiths, Niccolo Porcella, Aaron Gold, Shane Dorian, and Chuck Patterson. Jamie has used Sticky Bumps for years, and will continue to do so as a brand ambassador. He will also be doing product testing on their bags, leashes and traction pads.

For the official word from Sticky Bumps, please follow the jump.
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Slater Name Involved With Sale Of Something

by The Editors on May 24, 2016

10 Years of Science - Ruler Edge Barrel. Photo Credit. Todd Glaser

Kelly Slater, the 11-time world champion surfer who has lent his name to a growing number of commercial ventures including a surfboard company, a high-end casual clothing line, a recently independent accessories brand, and a wave pool development company, has commented on the “sale” of the magical wave making company (Kelly Slater Wave Company) to a surfing event production and content creation company that is co-owned by his agent Terry Hardy along with Dirk and Natasha Ziff, who are also reportedly partners in the wave company.

“While surfing for me will always be about adventure, travel and the ocean, this wave brings a new opportunity to the sport without taking away the soulfulness that attracted many of us to surfing in first place,” said Slater. “Surfing great waves in a controlled environment adds a new dimension, as there is no hassling for waves, no stress over who got the best wave – they are all good. Everyone can relax, have fun and focus on improving their surfing.”

Whether anything has actually changed hands is totally up for discussion, however, either way it makes a great press release for the surf event production company. And that’s often the only upside to deals of this sort.

For the official word from the purchaser, please follow the jump.

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Shaun White Sued By Former Band Member

by The Editors on May 11, 2016

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TMZ.com says that Bad Things drummer Lena Zawaideh is suing bandmate Shaun White for among other things “inappropriate and sexually harassing and suggestive comments.”

Zawaideh also claims White forced her to rehearse while sick, demanded she cut her hair before a show in France … and ultimately stopped paying her because he felt she didn’t need the money. . . Zawaideh says White owes her more than $42k in back payments — but she wants A LOT more than that now … because she’s suing for punitive damages.

So far “White’s people” have not gotten back to TMZ. Reminds us of that line about every dollar being a problem.

[Link: TMZ.com]

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GoPro Having A Rough Go

by The Editors on May 9, 2016

gopro_logoNot really sure how things could be worse for GoPro. They’ve announced terrible first quarter results and delayed launching their next big product, the Karma drone, according to a story on The Verge.

[GoPro] saw its revenue drop by 49.5 percent from the same period in 2015, and it swung from a $22 million profit to a $121 million loss. The company also announced that its new drone, the Karma, will be delayed until the winter holiday. It was originally slated to be released in the first half of this year.

Yes, a $121 million loss for the quarter. We’ve never really understood the mass appeal of drones, or of GoPro cameras for that matter, so we guess we don’t find much of this recent news all that surprising. Click here for the official GoPro financials, or here for some of Jeff Harbaugh’s thoughts.

[Link: The Verge]

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Put Miami On Your Agenda In July

by The Editors on May 9, 2016

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We can think of a lot of reasons to visit Miami, Florida in July, but the 2016 Agenda Show scheduled for July 18-19, 2016 is probably one of the best. For all the official details, please click the link.

[Link: Agenda]

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John Vance Is Surftech’s New CEO

by The Editors on May 9, 2016

68a58057-ae4e-4b62-9f53-a21b0732477fToday (May 9, 2016) marks John Vance’s first official day in his new role as CEO of Surftech.

“John has all the leadership elements we were looking for and we know his amazing retail relationships will benefit all. He has a long successful history and deep understanding of the industry and the challenges it faces today and is uniquely qualified to help guide Surftech, NSP and BARK brands to the highest levels in design, innovation, technology and customer satisfaction.” Trent Pedersen, Chairman of Surftech’s Board of Directors.

The industry titan was most recently at Freewaters and has done time at Sanuk and Quiksilver. For the official word from Surftech, please follow the jump.
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Stance Closes $30 Million Series D

by The Editors on May 2, 2016

stance_logo_t286Stance has loaded up on a little more capital thanks to a $30 million series D round, according to a story in the Orange County Business Journal.

The round was lead by Salt Lake City’s Mercato Partners and included returning investors like August Capital, Kleiner Perkins Caufield Byers, Menlo Ventures, Shasta Ventures, and Sherpa Capital.

The financing will enable the socks and underwear manufacturer “to continue its rapid growth and expansion into strategic, direct-to-consumer initiatives,” according to Mercato. . . “A massive market and growth opportunity lies in front of the company as they continue to aggressively attack new products, categories, and sales channels,” Greg Warnock, the investment firm’s managing director and a member of Stance’s board of directors.

And that’s how you sock it away.

[Link: OCBJ]

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