Wall Street

Dyrdek’s Street League Goes Live In August

by The Editors on March 24, 2010

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Three stops. Three arenas. Top pros. $1 million in prize money. And Chris Cole, Ryan Sheckler, Greg Lutzka, Torey Pudwill, PJ Ladd, Sean Malto, Mike Mo Capaldi, Mikey Taylor, Billy Marks, Tommy Sandoval, and Paul Rodriguez have all apparently committed “to multi-year contracts” to compete “exclusively” in the Street League. It would seem that Rob Dyrdek is going to pull off his Street League Skateboarding tour.

Street League™ is the culmination of more than five years of development, which began with a professional contest Dyrdek held at the opening of the world’s first skate plaza he built in Kettering, Ohio in 2005. Building on the knowledge gained from this event, Dyrdek and his team began planning for the launch of the league, consulting for and developing several major skateboarding events to serve as additional case studies.
IMG Action Sports, the go-to event production company in the industry, is producing and executing Street League™ in 2010. The worldwide leader in skate park design and construction, California Skateparks™, will provide skate plaza construction. Instant Scoring Experience™ is a partnership between MXi, Dialsmith, and Street League™.

Our question is what exactly does “exclusive” mean? Does this mean P-Rod, Sheckler, Cole et. al will not be doing The Dew or milking the Maloof? We don’t know. Follow the jump for more.
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Nixon’s Sydney International Pop Up

by The Editors on March 22, 2010

Magazine-0000 Nixon Sound Lounge - Sydney International Airport Airside Mascot 100 875

While jetting through the Sydney International Airport Empire Ave.’s Lincoln spotted this little Nixon Sound Lounge, according to a post on the blog.

I guess you could call it a pop up store in a word, but fuck it was impressive! So the set up basically gives you the complete Nixon experience and seeing so many of Nixon’s products tie in with traveling, it seemed a no brainer to put this little gem together! . . One side is devoted to bringing the noise, headphones silly! While the other is all about telling the time! Whilst trying out various styles from their latest headphone collection, your nestled up on a comfortable couch watching the odd clip or two on the TV. Then you do a 360 and on the other side there is close to a complete range of their latest and greatest timepiece offerings.

Looks like a nice spot to rest up before diving into wilds of the Goldie for sure. Click the link for more photos.

[Link: Empire Ave.]

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Zumiez Spends $11.9 Million in So Cal

by The Editors on March 22, 2010

1346 Railroad St  Zumiez-Thumb-500Xauto-231

Zumiez new 168,450 square foot distribution center at 1346 Railroad Street in Corona, California cost them $11.9 million, according to a post on Real Estate Channel.

We hear commercial property is pretty affordable right now.

[Link: Real Estate Channel]

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IASC Revamps Web Presence

by The Editors on March 22, 2010

Iasc Site

While it’s beginning to feel a little like “new site Monday” around here we can’t skip this one. The International Association of Skateboard Companies has finally updated their website and it’s definitely worth a second look for those who quit visiting the site years ago.

Created by JL Productions the newly redesigned site showcases IASC premium members like never before! With an emphasis on the latest headlines affecting skateboarding and an all inclusive calendar with industry events, consumer events, and trade shows all available in one place. As the new site develops it will be a true resource for the skateboarding community and IASC members.

It’s nice that an organization representing skateboarding finally has an up-to-date site.

[Link: IASC]

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A Morning With Jake Burton

by The Editors on March 22, 2010

Jake Burton discusses his daily shred and the 2010 Olympic snowboard uniforms with USA Today. The Gore-Tex pants (but not the jacket) will go on sale next October for $250.

[Link: USA Today]

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Spy Parent Orange 21 To Be Delisted

by The Editors on March 22, 2010

Orange21Logo-1Orange 21, the parent company of Spy Optic has had trouble with the Nasdaq lately. The company was sent a letter on September 16, 2009 with Orange 21’s stock price was below $1 for a consecutive 30 days. The letter gave Orange 21 180 days to bring its stock price above $1 in compliance with Listing Rule 5550(a)(2). When Orange 21 was not successful they got another letter form Nasdaq:

The March 16, 2010 letter from Nasdaq indicated that the Company had not regained compliance with the Rule and is not eligible for an additional 180 day compliance period given that it does not meet the Nasdaq Capital Market initial listing standard set forth in Listing Rule 5505. . . Accordingly, its securities will be delisted from the Nasdaq Capital Market on March 25, 2010 unless the Company requests an appeal to the Nasdaq’s determination to a Hearings Panel in accordance with Listing Rule 5800 Series.

Orange 21 “does not plan to request an appeal” according to a press release and the companies common stock on the Nasdaq Capital Market will be suspended. Follow the jump for all the details. [click to continue…]

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Wooly’s Monthly VeeCo Stock Sale

by The Editors on March 17, 2010

Volcom-Stone-LogojpgOn March 15, 2010 Richard “Wooly” Woolcott sold another 20,000 shares of Volcom stock as part of his “sell 20,000 shares a month” program. This month, however, his shares are only $375,400. He appears to have sold at least 20,000 shares each month since September 2009.

But don’t worry. He still owns 10 percent of the company.

[Link: Guru Focus]

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Volcom’s Eckert Drifts Off To Hawaii

by The Editors on March 17, 2010

20100317 Biz BuzzThese are the stories we love: a young surfer works hard, helps create a successful clothing company that goes public, gets his loot, works hard for years, and then drifts off to Hawaii to live, surf, and be with his family away from the daily grind of life behind the velcro curtain. We’re not saying that is what Volcom Vice President of Marketing Troy Eckert is doing exactly, but that’s how we’re going to take the news that was released yesterday.

What was it? Effective May 15, 2010 Troy will become Volcom’s “Hawaii Strategic Director.” He’ll be moving to the Islands in June. Rolling into his former marketing position at VeeCo will be Ryan Immegart, 33, the co-founder of Volcom Entertainment.

“Hawaii radiates outward to many different cultures, and it’s very important to remain deeply rooted on all levels,” said Eckert. “I’ve always had a strong connection and passion for Hawaii and this move provides me with an opportunity to develop innovative ways to further build our brand in this important and influential market. This is going to be a very exciting journey.”

We’re stoked for Troy, Ryan, and Volcom. Youth is the establishment, right?

[Link: Star Bulletin and TransWorld Business]

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Murray Ditches VF For Urban Outfitters

by The Editors on March 17, 2010

Uban OutfittersSteve Murray, 49, the former President of VF Corp’s Action Sports Coalition (Vans and Reef) is leaving the company to become President of Urban Outfitters, according to a release posted on CNN/Money.

“Steve is more than we expected with his vast global experience and brilliant track record in growing lifestyle brands and retail concepts. He is a perfect fit for Urban Outfitters, and brings tremendous creativity and leadership to our organization, along with a deep familiarity of global youth culture from his nearly two decades of work with the Vans and Reebok brands. I am thrilled to have Steve join our executive team and am confident he will play a pivotal role in the future development of the Urban Outfitters brand and URBN,” said UO’s CEO Glen T. Senk.

Seems like the perfect time for a career switch up. Murray had a great ride at Vans as the affordable shoes came back into style and numbers bloomed all around. Now, diving into retail, Murray will land first into one of the roughest segments in the fashion business. It’s hard to believe retail could get any worse, but we wouldn’t bet against against it. We wish him the best of luck.

For all the details, follow the jump.
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Burton Moves All Production Offshore

by The Editors on March 17, 2010

Bilde-15In June 2010 Burton Snowboards will close their South Burlington, Vermont production facilities and move all manufacturing to China and Austria slicing off 43 jobs in the process according to a story in the Burlington Free Press.

“The environment here is not very manufacturing-friendly… a board costs more to make than you than you sell it for,” Burton CEO Laurent Potdevin said Tuesday. Burton will keep its global headquarters in Burlington.

Yes. It is much cheaper to make things in China. We’re surprised it lasted as long as it did. Guess from now on they’ll have to do what Apple does: Designed in Vermont, made where ever is cheapest. For the rest of the sad, sad story click the link.

[Link: Burlington Free Press]

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