Wall Street

Surfstitch Clears Board For Fresh Start

by The Editors on December 6, 2016

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The guys in the suits (SurfStitch’s new CEO Mike Sonand and chairman Sam Weiss) are running Australian retailer Surfstitch and they’re cleaning up the board of directors including kicking off executive directors (and company founders) Lex Pedersen and Justin Stone, according to a story in the Sydney Morning Herald.

None of the board members who signed off on last year’s acquisition binge, which has since been written off, survived the blood-letting announced on Tuesday by new chairman Sam Weiss. . . To help make up the numbers, Weiss has had to collar Quiksilver veteran Harry Hodge, who joins the board this week. . . Surfstitch’s new boss Michael Sonand scored the remaining board seat.

Will be interesting to see if these changes make any kind of difference when it comes to the company’s performance.

[Link: Sydney Morning Herald]

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Kozm: Troy Eckart’s Yoga Clothes For Men

by The Editors on November 29, 2016

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What has Troy Eckart been up to since peacing out from Volcom after the big sale? It appears that he’s been doing what a lot of people with the time to do what they want do — he’s been flexing around on padded mats striking poses. So much time, in fact, that he decided he needed some clothes to wear “in his practice.” That is apparently why he and Derek Sabori founded a new yoga clothing company for men called Kozm, according to a story on Observer.com.

“When I decided to shop around, on a search for products that might be better suited for my practice, I realized I didn’t personally connect with much; from aesthetic to business ethics. I kept looking and came up short. That’s what really sparked the idea to do something on my own,” he [Eckart] told the Observer.

Seems like reason enough, right? Can’t keep Eckart and Sabori out of the garment game for long.

[Link: Observer]

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Nidecker Buys Some Flow Snowboarding

by The Editors on November 20, 2016

nidecker_logo‘Tis the season for consolidation and with K2 and Ride Snowboards for sale it’s no wonder that other brands aren’t doing the same. We’d all heard about it awhile ago, but it’s official now: the Swiss snowboard originators at Nidecker have picked up Flow Snowboards.

“NIDECKER’s roots run deep with Flow as NIDECKER and FLOW did a cross license agreement for the use of a certain Technology that contributed to the “Speed Entry Bindings” revolution for which FLOW has become the world leader of, ” says Henry Nidecker, CEO of the Nidecker Group. “This acquisition is very complementary to our existing brands and will help drive revenue and other core initiatives in the coming years helping the NIDECKER GROUP reach a new level of competitiveness in the global market.”

Flow joins Jones Snowboards, Yes Snowboards, and Now Bindings in the Nidecker family. Handshakes and shakas all around. For the official word from Nidecker, please follow the jump.

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Signal’s Subscription Snowboarding

by The Editors on November 15, 2016

Dave Lee and the crew at Signal Snowboards have figured out a way to let people pay for a snowboard in monthly installments (you know, just like the iPhone Upgrade Program) in what what Lee is calling “the world’s first snowboard subscription.”

“We love snowboarding and want to see the sport continue to grow and flourish with the changing retail landscape. We have created a direct online platform that allows snowboarders — both new and old — to easily buy a quality USA-made snowboard for the cost of a dinner out or a few beers a month,” said Signal Founder Dave Lee. “It also gives subscribers a direct line to us and our brand. We want them to feel totally taken care of. In addition to providing the best boards at the best price, we are building an online community of snowboarders.”

Which is a great way of saying, ride now, pay later. Sounds pretty good, huh? Click the link for all the details.

[Link: Signal Subscription]

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Nland Surf Opens Texas Wave Garden

by The Editors on October 12, 2016

The developers of NLand Surf Park in Austin, Texas aren’t going to let the financial deaths of roller skating rinks, pay-to-skate skateboard parks, nor indoor ski domes slow down their plans to get the hordes on board with the grand opening of what they are calling the “America’s first surf park,” on October 7, 2016.

“This is an historic moment for surfers around the globe as our second Wavegarden facility is launched. Together, we have scaled this project to a level never before seen,” Wavegarden CEO Josema Odriozola said. “The NLand Training Center is a state-of-the-art surf school with a talented staff of surf coaches from around the world who offer accelerated training for surfers of all levels.”

For now they’ve gotten around a series of ordinances regarding water quality and filtering (according to a story in the Houston Chronicle) and all they have to do is get people to come surf. That may be the tough part because like it or not surfing is hard. Luckily, the park was built by Coors brewing heir Doug Coors.

Current rates to surf the “reef” waves are one hour for $90. Pretty cheap when compared to a trip to Tavarua. Mabye Mr. Coors has something here. Wonder what the “birthday party” package costs? It’s gotta be better than a trampline park, right? For the official word from Nland Surf, follow the jump. [click to continue…]

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Hey, Anyone Want To Buy K2 Sports?

by The Editors on October 4, 2016

newellbrands_ex_090816In an announcement today (October 4, 2016)  Newell Brands stated that as part of their plans to reportedly “sharpen strategic focus for accelerated growth” they are putting their winter sports businesses up for sale. What are these winter sports businesses? Well, K2 Sports is one of them. You know, K2 Snowboards, Ride Snowboards, Morrow Snowboards, and 5150.

The businesses held for sale represent about 10 percent of the portfolio and include the vast majority of the Tools Segment, the Winter Sports businesses within the Outdoor Solutions Segment, the Heaters, Humidifiers, and Fans businesses within the Consumer Solutions Segment, and the Consumer Storage Container business within the Home Solutions Segment.

Newell hopes to have them all sold by early 2017. Anyone? Maybe they’d make a deal for someone who wants to grab humidifiers, fans, and a few snowboard brands? For the complete press release, please follow the jump.

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The Blockhead Skateboards Story

by The Editors on September 26, 2016

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As part of The Hundreds’ “Garage Brands” series Anthony Pappalardo (the writer) recounts the story of Dave Bergthold and Blockhead Skateboards. It is a good story of skateboarding, Sacramento, and staying true to a dream no matter what.

“I wanted to work in skateboarding, because that’s all I cared about,” he said. “Skateboarding was absolutely fucking dead at that point,” he [Bergthold] said of the industry landscape of the industry in 1985. “There were magazines and there was a scene, but you could count the number of skateboard companies on your fingers and toes. I was working delivering pizzas and saved up about $3,000. I ended up buying a batch of boards—about 60 decks total, because that’s what they [Uncle Wiggly] could make a day. I decided I needed an ad in Thrasher, so people would take me seriously. I don’t remember how much it cost, but it had to be around $800, so I spent almost a quarter of my budget just on this one ad.”

Thanks to his dedication Dave B. is still working in skateboarding and you can still buy a Blockhead skateboard. For a better understanding of why this is such a good thing, read the rest of the interview by clicking the link.

[Link: The Hundreds]

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Sessions Is Back: Always Have Always Will

by The Editors on September 14, 2016

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Don’t think you can keep an OG snowboard brand down. After taking a few seasons off, Sessions (yeah, the first snowboard shop in North America) is back with their first full line of outerwear since 2012 thanks to the work of Pretty Great LLC.

Joel Gomez, Sessions MFG founder, says the new line is “contemporary, relevant and outright rad. We have always existed to innovate outerwear that mirrors the needs of the current customer while presenting technologies and evolutions that create new standards of excellence – this line does this.”

It good to see them back. For the official word from Nick Visconti and Sessions team, please follow the jump.
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Scotty Lago Suing Keir Dillon For $50k

by The Editors on September 9, 2016

lago_olySnowboarder Scotty Lago (winner of an Olympic Bronze medal) reportedly “loaned” Keir Dillon $50,000 back in 2011 (the year Dillon and crew founded the Frends brand). Now he wants it back, according to a story on Sea Coast Online.

Lago filed the suit in Rockingham Superior Court Aug. 9 against Keir Dillon, a resident of Carlsbad, California, and who has worked as a television host and sideline reporter for ESPN and FUEL TV. The lawsuit states Dillon and his headphone company Republic of Frends, of which Dillon is CEO, was loaned $50,000 in August 2011 by Lago with the expectation Lago be paid back the following year with 7 percent interest.

As we know from his appearance on Shark Tank, Dillion has spent far more than $50,000 chasing his Frends dreams. Hopefully they can work this out without going to court, because, you know, there is no “i” in friendship.

[Link: Sea Coast Online]

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Will Newell Brands Dump K2 And Ride?

by The Editors on September 8, 2016

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Newell Brands, the company that bought/merged with Jarden Corp (parent of K2 Sports/Ride Snowboards) and spawned all those “Rubbermaid snowboard” jokes back in December 2015, has announced that it plans to divest itself of “some businesses” that generate “$250 million to $300 million in annual revenue,” according to story on Sporting Goods Business Online.

Newell Brands has not said what businesses it plans to exit, but some speculate it will divest winter sports brands picked up April 15, when it closed its acquisition and merger with Jarden Corp. . . “Ideally I would like to sell these assets versus simply walking away from them,” company CEO Michael Polk told his audience Thursday. “Some of them are the kinds of businesses that would be difficult to sell and therefore, we should just shut down because they create no value for you and they are a distraction for us.”

Hmmm, companies that “create no value” and are “a distraction?” Wonder which “winter sports brands” people are speculating about? Could it be K2 Sports? Guess we’ll all have to wait and see.

[Link: SGB Online]

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