by The Editors on February 25, 2011
It was only on January 1, 2011 that Chris and Genevieve Gunnarson purchased the snow sculpting company they founded from Booth Creek, but now that they have there are some promotions to announce at Snow Park Technologies.
Chris Gunnarson now serves as owner and president. . . Genevieve Gunnarson, owner and vice president is now responsible for finance, human resources, marketing and strategic planning. . . Sarah Castaneda has been promoted to general manager. . .Michael Bettera has been promoted to director of operations, SPT Parks . . . Chris Castaneda has been promoted to director of operations . . Frank Wells has been promoted to senior project manger.
Congratulations to the entire SPT team. We’re hoping you all got raises as well. . . For more details follow the jump.
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by The Editors on February 24, 2011
Volcom today (February 24, 2011) released their fourth quarter and full-year financials along with news that they will purchase 10 of their outlet stores from a licensee. Not a bad way to build the retail portfolio while managing overstock.
As part of the company’s direct to consumer strategy, Volcom has signed a definitive agreement to terminate the current Volcom outlet license agreement and purchase the assets related to the operation of the 10 existing Volcom outlet stores, which are located in California (4), Nevada (3), Washington (2) and Utah (1). The company anticipates completing the transaction by mid-2011. Terms of the transaction were not disclosed.
Here’s how the quarterly numbers looked according to a filing with the SEC:
For the 2010 fourth quarter, total consolidated revenues increased 22.4% to $78.6 million, compared with $64.2 million in the fourth quarter of 2009. Total revenues in the company’s U.S. segment were $54.3 million, compared with $46.0 million in the prior-year period. Total revenues in the company’s Europe segment were $12.8 million, compared with $12.9 million in the same period in 2009. Total revenues in the company’s Electric segment were $6.4 million, compared with $5.3 million in 2009. Total revenues in the company’s Australia segment were $5.1 million.
Revenue for the year grew 15.2 percent to $323.2 million and the company netted $22.3 million.
Click here for the entire transcript of the conference all from The Street.
[Link: SEC]
by The Editors on February 21, 2011
Globe’s VP of Global Marketing Michael Marckx has announced he will be leaving the Australian based surf and skate brand after six years and take a new position at Spy Optic in Carlsbad, California, according to an internal memo.
This was not an easy decision for me, especially considering how close we have all become and how much we have been able to accomplish as a tight-knit team over the recent years,” Marckx said to Globe employees. ” I am really proud of our team and will greatly miss each of you.”
Spy Optic is expected to announce tomorrow (February 22, 2011) that Marckx has been named VP of marketing for the eyewear brand. Marckx will remain at Globe through the first week of March 2011.
by The Editors on February 16, 2011
All three Quiksilver Pro events on the ASP 2011 Tour will be broadcast live on free TV in Australia thanks to a deal struck by Australia’s One HD and the company, according to a story in The Australian.
Surfing Australia CEO Andrew Stark said the deal was “monumental”. “As far as sport in Australia is concerned, you absolutely need free-to-air TV,” he told The Australian. “You see the success of netball since they’ve been on free-to-air, and the massive success of V8 Supercars. . . “Our vision is to become mainstream, and this deal is part of that.”
Kind of funny that a broadcast network would step up now that all the events are streamed live on the Internet, but we guess every little bit helps. You hear that ESPN? Maybe Quik can “sponsor” some of your executives and then get a similar deal rolling.
[Link: The Australian]
by The Editors on February 16, 2011
In more sad news from Valentine’s Day, Innerlight Surf and Skateboard shops owner Yancy Spencer III reportedly died of a heart attack while surfing in Malibu, California, according to a story in the Pensacola News Journal. He was 60 years old.
He was surfing in Malibu when he came ashore with chest pains, Schluter said. . . He called 911, and nearby firefighters rushed to give him CPR. . . Spencer died of an apparent heart attack. . . “He was very healthy, very fit. He surfed every day and paddled every day. That’s what we’re all shocked about,” his brother and partner, J.B. Schluter, said this morning.
Surfer Magazine has called Spencer the “Godfather of Gulf Coast Surfing.” A memorial service will be held for Spencer at Calvary Chapel Gulf Breeze on February 19, 2011. Our thoughts are will Spencer’s family and friends world-wide.
[Link: Pensacola News Journal]
by The Editors on February 14, 2011
Vans’ Doug Palladini appears pretty damn happy to announce today that Vans has successfully hired former Altamont and Emerica Global Brand Marketer Justin Regan as their new skate marketing manager.
“We’re really happy to bring on someone of Justin’s caliber to drive the direction of our skate initiatives,” said Doug Palladini, Vans’ Vice President of Marketing. “Justin’s skill set, experience and stature in the skate industry combine to make him the perfect fit to lead an already strong Vans skate program.”
For his part Regan appears to enjoy the fact that he’s bumped himself up a level or two.
“It’s a total honor for me to join the team behind the world’s #1 skateboard shoe,” said Regan. “And I’m looking forward to the privilege of working together within the skate program to contribute even further to Vans’ continued and phenomenal success in both footwear and apparel.”
Looks like one more person has escaped Lake Forest. Follow the jump for the official release.
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by The Editors on February 11, 2011
Alice Walker, a woman in New Zealand, is saying that a pair of Billabong flips-flops burned the tops of her feet so badly that she could not walk, according to a story on 3news.co.nz.
“It wasn’t when I was wearing them, it was afterwards I started feeling a burn in between my toes and then gradually over about three or four days the burns turned into great big welts in the shape of jandals.” . . Ms Walker says she had been wearing them for about a month before the burns occurred. . . “I think the coating around the actual foot part of the jandal had worn off and when it got down to the rubber, that’s when something happened.”
The “jandals” are currently being tested by Billabong and Walker reportedly just wants to make sure the same thing “doesn’t happen to anyone else.” Be careful out there.
[Link: 3news.co.nz]
by The Editors on February 11, 2011
In a release sent out today Burton Snowboards has announced that it has “terminated dealer agreements with several US shops suspected of re-selling products through unauthorized channels.”
“I’ve said it many times, and I’ll say it again – I have absolutely no tolerance for gray marketing,” said Jake Burton, Founder and CEO of Burton Snowboards. “I don’t get why a snowboard shop in one part of the world has a right to shit on a local shop in another part of the world for short-term gains. I often think of it in the context of a Japanese dealer shipping product back to Walmart in the US. We want to build a global network of specialty retailers that cares about the sport, the brand, the product and each other. So we’re not afraid to end relationships with dealers that gray market anywhere in the world.”
Burton didn’t mention exactly who the dealers were, but it’s not a bad way to direct a few more sales in house, or to shops on Burton’s “good dealer” list. If you know who got cut, please let us know.
For the rest of the official word, follow the jump.
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by The Editors on February 9, 2011
We were always skeptical of Go211.com’s comically optimistic traffic number reporting. Now, it appears that whatever magic former CEO Sean Aruda was doing to prop up site traffic is not longer being done in his absence.
According to Alexa.com Go211.com’s reach has dropped 96.3 percent over the past six months and is now back down to where we always thought it was: just a little less than ours.
[Link: Alexa.com]
by The Editors on February 9, 2011
Already Been Done mastermind Josh Friedberg is going to be pretty busy next month as he takes over the Executive Director position at the International Association of Skateboard Companies. He and Rob Brink just launched the second “issue” of ABD and now Friedberg will be neck-deep in skateboarding business politics. If anyone can handle this, it’s Friedberg.
“I’m honored to be chosen as Executive Director by such an accomplished group as the IASC Board,” says Friedberg. “It’s a heavyweight room and their support gets me excited to tackle the challenges at hand. I believe IASC truly succeeds when every skateboard company small and large is compelled to join because of both the benefits IASC can provide their business and the work we do as a whole to support skateboarding. With the combined strength of all our members I’m going to do everything I can to make IASC an indispensable resource for the future growth of the skateboard industry.”
Congrats, Josh. Follow the jump for all the official details.
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It was only on January 1, 2011 that Chris and Genevieve Gunnarson purchased the snow sculpting company they founded from Booth Creek, but now that they have there are some promotions to announce at Snow Park Technologies.
