by The Editors on June 7, 2011
Suggesting that it’s never too late to launch a video portal Transworld Media has aggregated all of their video content into one site and called it, Transworld TV, according to a story on Transworld Business.
“We´ve finally delivered the perfect platform to service all of TransWorld Media´s original content and exclusive partner videos,” said Editorial Director Rob Campbell. “This makes TransWorld an immediate player in digital content delivery, capable of serving the best video programming whenever our audience demands it.”
Guess playing catch up with ASG’s GrindTV probably isn’t that bad an idea if that’s the business you’re in.
[Link: Transworld Business]
by The Editors on June 4, 2011
Turns out the new Nike The Chosen just do action sports campaign looks much better in print than it does on video if this new Julian Wilson creative is any indication. Then again, it would kind of have to.
by The Editors on June 2, 2011
It’s not all gloom and doom in the action fashion category. Quiksilver may have lost $83 million in the quarter ending April 30, 2011, but they did better than expected and experienced increased revenue for the first time in three years, according to the Wall Street Journal.
For the quarter ended April 30, Quiksilver posted a loss of $83.3 million, or 51 cents a share, compared with a year-earlier profit of $9.42 million, or 6 cents a share. Excluding a $74.1 million impairment charge and valuation allowances against tax assets, earnings from continuing operations in the latest period were 9 cents a share. Revenue rose 2.1% to $478.1 million.
See what owning your own retail stores can do? Follow the jump for the official word from Quik, or click here to see their latest SEC filing (including all the numbers), or here for a complete transcript of the entire earnings call via Seeking Alpha. [click to continue…]
by The Editors on June 2, 2011
In more bad news for the action mall fashion retailer PacSun’s stock reportedly crossed its 52-week low today as it dropped to $2.90 a share, according to a story on The Street. But that’s not all:
TheStreet Ratings rates Pacific Sunwear as a sell. The company’s weaknesses can be seen in multiple areas, such as its disappointing return on equity, poor profit margins, weak operating cash flow, generally disappointing historical performance in the stock itself and deteriorating net income.
Doesn’t exactly sound like a vote of confidence, does it?
[Link: The Street]
by The Editors on June 2, 2011
Big wave surfing pioneer Jeff Clark and his ex-wife Katherine Kelly Clark both want the permit that would allow them to hold a big wave surf contest at Mavericks, according to a story in the Mercury News.
On Wednesday night, the San Mateo County Harbor Commission dismissed an application to run the competition by Katherine Kelly Clark and her group, Mavericks Family LLC, after it emerged that the group had accidentally applied under a different name, Mavericks Community LLC, which was not registered as a corporation in the state of California. . . Then Jeff Clark stood up and — unexpectedly — told the commission that he, too, wants to hold a Mavericks surf competition next winter in Half Moon Bay. “There is clearly a lack of experience in business management and large-scale event planning,” he told the commissioners in a not-too-subtle dig at his ex-wife. “I would like to propose another choice.”
What a perfect place to air out personal grievances. Click the link for the rest of a story that will likely get even messier in the coming months.
[Link: Mercury News]
by The Editors on June 2, 2011
Strangely, the New York Times headlined a story today Nike Tries to Enter the Niche Sports It Has Missed Missed? Seems, no one has mentioned to the old gray lady that Nike SB already owns the core skate market (and that’s not even counting Converse). Aside from a few people who still rock Vans most skaters don’t want to wear anything else. This hasn’t, however, stopped the Portland footwear giant from pushing on with a new, huge, advertising campaign that launches today called The Chosen. It’s reportedly the first time Nike has used action sports athletes in a major Just Do It, campaign.
The new campaign, called “The Chosen,” is Nike’s largest effort at moving into action sports, and will feature athletes like the skateboarder Paul Rodriguez (or P-Rod), the surfer Laura Enever and the snowboarder Danny Kass. . . “When we looked at action sports, we saw a unique consumer segment that was underserved in terms of product innovation,” Mark G. Parker, Nike’s chief executive and president, said at a shareholder meeting in May.
Nike’s The Chosen commercials premiere today on facebook at 4 PM PDT/ 7 PM PDT. Click here for skateboarding, here for surf, and here for snowboarding. The truth is, Nike really isn’t “trying” anymore in action sports. They’re just doing it. And yes, it took them a long, long time to figure it out, but now that they have . . . well, we all know the rest of that story.
[Link: New York Times]
by The Editors on June 1, 2011
After a flurry of Twitter messages, blog posts, and facebook messages yesterday, the sad news is official. Jonas Bevacqua, the 34-year-old co-founder of action fashion label LRG, was found dead in his Laguna Beach, California home on Monday, May 31, 2011, according to a story in the Orange County Register.
The cause of death for the well-known urban-style clothing designer has not yet been determined, Supervising Deputy Coroner Kelly Keyes said. The Laguna Beach Police Department did not provide details but said that the death does not appear to be suspicious.
Our thoughts are with his family and friends specifically his fiancé and son. Follow the jump for an official statement from LRG’s CEO Robert Wright and CFO Charlie Moothart. [click to continue…]
by The Editors on May 31, 2011
The owner of Skim X, a planned indoor skimboarding facility in Roseville, California, was found shot to death inside his place of business Monday afternoon May 30, 2011, according to a story in the Placer Herald.
Christopher Dale Northam, 44, of Rocklin, was found inside Skim X, in the 8200 block of Industrial Avenue in Roseville, with at least one fatal gunshot wound. . . Police responded to reports of an argument and multiple shots fired inside the business shortly after 3 p.m. . . “During the call, the person on the phone line with us then heard three gunshots, at least three, maybe more gunshots inside the business,” said Roseville Police Sgt. Daniel Wanamaker at the scene.
Northam and his son were reportedly working on a new kind of boarding complex that mixed ramps, water, and slick surfaces to create a skimboarding skatepark.
We’ve been following the business for a while thanks to its seemingly quixotic business plan. Northam reportedly said the park would open in June. So far no arrests have been made. Our thoughts are with his family.
[Link: Placer Herald and Sacramento Business Journal]
by The Editors on May 31, 2011
It’s hard to believe, but according to a new study published in the journal Pediatrics energy drinks are “likely” to “contribute” to making kids big, hulking fat asses, according to a story in the San Francisco Chronicle. Not only that, but they can cause other serious damage as well.
Monday’s study also focused on the effects of energy drinks that contain caffeine and other stimulants. These beverages can damage adolescents’ neurologic and cardiovascular systems and shouldn’t be consumed, said Benjamin, a University of Chicago associate professor of pediatrics.
Then again, brain damaged kids probably make better consumers and that’s a win for everyone. If you have the stomach for it, click here to read the entire report. . . it’s got electrolytes.
[Link: Pediatrics via SF Chronicle]
by The Editors on May 27, 2011
After a disgruntled eBay reseller began posting negative reviews on Skullcandy’s eBay store, the Park City, Utah based personal electronics company said enough and is now reportedly suing the guy, according to a story in the Salt Lake City Tribune.
The suit, filed in U.S. District Court in Salt Lake City on Wednesday, alleges Nathan Rees of Orem trashed Skullcandy on the company’s eBay Web page after eBay shut down his own auctions of their products earlier this year. . . “He signed up as several different people so he could leave negative feedback under different names,” said Matthew Barlow, attorney for Skullcandy. “Skullcandy has collected the evidence necessary proving it was him leaving the negative comments.”
Which reminds us: lawsuits are just corporate America’s way of resolving issues.
[Link: Salt Lake City Tribune]
Suggesting that it’s never too late to launch a video portal Transworld Media has aggregated all of their video content into one site and called it, Transworld TV, according to a story on Transworld Business.
