by The Editors on October 27, 2010
At 1:30 PM PST tomorrow (Thursday October 28, 2010) Volcom will discuss its quarter three financial results with analysts. The great part is that we all can listen online at Volcom Investor Relations.
For those who are unable to listen to the live broadcast, the call will be archived for one year on the Volcom Web site. A telephone playback of the conference call will also be available until 11:59 p.m. ET, Friday, November 5, 2010. Listeners should call (800) 642-1687 (domestic) or (706) 645-9291 (international) and use reservation: 15128955.
Hopefully, Volcom has fixed their web audio so even us heathens on Apple computers can listen in as well.
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by The Editors on October 27, 2010
Not really sure why a snowboarder who is most accustom to racing down a fence-lined course would need a two-piece GPS unit with satellite texting capabilities, but that hasn’t stopped snowboardrcross double gold medalist Seth Wescott from stepping up as the new face of the Earthmate PN-60w with SPOT Satellite Communicator from DeLorme.
Among the plans for Wescott include his appearance as part of Team DeLorme at the upcoming 2011 Consumer Electronics Show, where he will discuss the many benefits of leading a healthy and active lifestyle and share his experiences as an outdoors enthusiast who uses a variety of technology. Wescott will also appear in a new DeLorme print advertising campaign scheduled for early 2011.
If you get any strange text messages from Seth this winter you’ll know why. Follow the jump for the complete details.
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by The Editors on October 26, 2010
Vail Resorts announced yesterday that it has purchased Northstar-At-Tahoe from Booth Creek Resort Properties LLC, according to a story in the San Francisco Chronicle.
The Broomfield, Colo.-based ski company acquired the stock of the companies that operate Northstar-at-Tahoe from Booth Creek Resort Properties LLC and other sellers. . . Vail Resorts will lease the land on which the resort operates from CNL Lifestyle Properties Inc. . . Booth Creek CEO George Gillett, Chief Operating Officer Chris Ryman and Chief Financial Officer Betsy Cole will no longer have management positions at Northstar, and Vail Resorts is seeking a new general manager for the resort.
This means snowboarders who have the Vail Epic Pass will also get to ride Heavenly, Northstar-at-Tahoe and Sierra-at-Tahoe in addition to the companies Colorado resorts. . . not a bad deal, actually.
[Link: San Francisco Chronicle]
by The Editors on October 26, 2010
Billabong is forecasting 2010-11 earnings to be “relatively flat” thanks to a stronger Australian dollar causing problems with the company’s bottomline, according to a story in the Sydney Morning Herald.
Billabong chief executive Derek O’Neill said the surfwear maker expected its net profit after tax (NPAT) to rise modestly in the current financial year. . . “Notwithstanding the impact exchange rate movements may have on reported NPAT… the company’s constant currency guidance of 2 per cent to eight per cent NPAT growth for the 2010-11 financial year remains unchanged,” Mr O’Neill said.
For the rest of these compelling insights into Billabong’s financials, click the link.
[Link: Sidney Morning Herald]
by The Editors on October 21, 2010
VF Corp announced their third quarter financials today with a press release and an analysts’ call. Revenues were up to record levels for the quarter ($2.2 billion), gross margins reached a record 46.5%, and earnings per share increased 14% to a record $2.22.
The VF Outdoor & Action sports businesses had record revenues, income, and margins thanks to “exceptional growth” from Vans, North Face, and Lucy. But in all that press release boosterism was not one mention of Reef. None. In fact, the only place Reef was mentioned in the release was in the list of companies that VF owns. Ouch.
[Link: VF Corp]
by The Editors on October 21, 2010
Celtek has created a special line of gloves in collaboration with top shops called the SLSH Collection (Shop Local Shop Here). The gloves currently come in eight flavors: Milosport (Salt Lake City, UT), The Youth Shelter Supply (Waite Park, MN), Easy Rider (Alberta, Canada), Shred Shop (Chicago, IL), Tactics (Eugene, OR), World Boards (Bozeman, MT), EVO (Seattle, WA), and Damage (Duluth,MN). And all of them look pretty good.
Celtek founders Erik and Bjorn Leines describe the motivation behind this collection, “The feeling of going in to a real snowboard shop for the first time is a mixture of wonder, intimidation, and stoke. It’s usually the moment when you become snowboarder and stop being “someone who snowboards”. We wanted to let these shops have total control on the artwork on the gloves to showcase their personality, and give the ability to fly the flag of people that bust ass every day to make sure that snowboarding stays awesome.”
Smart way to give shops hand while letting shreds fly the fingers with local pride. Follow the jump for the details.
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by The Editors on October 20, 2010
Sean Aruda, 44, the CEO of the action sports website Go211.com, died Tuesday, October 19, 2010, according to a story on the Patriot Ledger.
Sean M. Aruda, a basketball coach at Notre Dame Academy in Hingham, died Tuesday of a sudden illness. . . He is survived by his wife, Patricia, and four daughters, including his youngest child who is a sophomore at Notre Dame Academy.
On September 9, 2010, Aruda, 44, sold Go211.com to Metacafe where he became chief revenue officer. According to sources Aruda had a meeting scheduled with former Go211.com investors on Tuesday and he never arrived.
According to his obituary, published October 21, 2010 in the Patriot Ledger, Aruda died “unexpectedly in his home” in Hanover, Massachusetts. Our thoughts are with Aruda’s family and friends.
[Link: Patriot Leger]
by The Editors on October 20, 2010
Newport Beach, California’s world famous Frog House Surf Shop will stay in its current location even regardless of city zoning issues thanks to the efforts of the local surf community, according to a story in the Daily Pilot.
At the Oct. 12 City Council meeting, Councilman Steve Rosansky said the city is working with the Frog House to rezone its property. Dozens of supporters had called Rosansky and other city officials on the Frog House’s behalf, and more than 10,000 supporters joined the shop’s Facebook page. . . Rosansky said that “T.K.” Brimer, the owner of the shop and the property, needs to apply for a zoning change and an amendment to the general plan. . . “Once he does that, and assuming it’s approved, he will be able to continue operating in that location,” Rosansky said at the meeting. In the meantime, Brimer and other property owners have filed requests with the city to delay enforcement of the zoning rules.
T.K., we know city paperwork is a bitch, but the community has done their part, now it’s time to do yours.
[Link: Daily Pilot]
by The Editors on October 19, 2010
From the looks of recent VeeCo stock sales by Volcom CEO Richard Woolcott he’s getting a little spending money out before those capital gains taxes rocket back up in January 2011.
In the month of October Wooly’s stock sales were up to 85,000 shares from the his usual 20,000 shares, according to a report on Guru Focus. Woolcott sold 60,000 on October 7, 2010 for approximately $20 a share and the other 25,000 on October 10, 2010 at $21.49. That brings the October cash out to a total of $1,737,250.
But Wooly was not alone. Volcom’s EVP and CFO Doug Collier got the best deal of all. He sold 30,000 shares on October 13, 2010 at $22.
by The Editors on October 19, 2010
The sold-out and wet Tony Hawk Foundation fundraiser, Tony Hawk: SHRED Presents Stand Up For Skateparks, held at billionaire Ron Burkle’s Green Acres Estate in Beverly Hills, California on Sunday raised $750,000 for quality free skatepark building.
The highlight of the day (aside from a live performance by Jane’s Addiction) was when philanthropist Charles Annenberg announced a special gift of $275,000 fro Explore.com and the Annenberg Foundation to finish the Watts Skatepark Project. Oh, and there were apparently some “celebrity” included on the 1,000 person guest list.
Celebrities including Tony Hawk, Perry Farrell, Dave Navarro, Johnny Knoxville, Chuck Liddell, Leeza Gibbons, Arsenio Hall, Ben Harper, Patrick Dempsey, BMX legend Mat Hoffman and legendary skaters Rodney Mullen, Lance Mountain, and Mike Vallely enjoyed the interactive booths while waiting for the stage and vert ramp to be dried by crews.
It’s not a party until Arsenio Hall shows up. Guests said it pretty much rained all day, but that didn’t stop Tony and friends from putting on a demo on the vert ramp or from doing great work for skateboarding.
For the official details, follow the jump.
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