by The Editors on June 4, 2008
Sorry for all the Volcom news lately, but they’ve had it going on this week. Most recently the fact that CEO Richard “Wooly” Wolcott has been elected chairman of the board of directors. He’ll be replacing his father Renee Wolcott Mr. Wolcott will remain on the board. Wooly will also remain CEO. So, we guess that means he’ll be CEO and Chairman of the board.
In other news, Jason “J-Dog” Steris is now president. Congratulations, Jason. Damn, fine ride so far.
[Link: CNNMoney.com]
by The Editors on June 4, 2008
Too bad those Euros cost so much or we’d be there in a heart beat.
by The Editors on June 4, 2008
Looks like the Volcom kids have opened a new store in the Big Apple. It’s at 466 Broadway (just sound of Grand). Here’s what they said about it.
On Sunday, June 1st of 2008 the long-awaited and highly anticipated Volcom NYC Store opened its doors to the public. . . . After renovations were complete, The Volcom sales marketing team defined our space with unique memorabilia dating all the way back to our inception in 1991. . . . The boys worked tirelessly wheat-pasting murals, hanging custom framed portraits, posters, decks and other miscellaneous items from our athletes and artists. Let’s just say their work wasn’t done until they saw the sunrise.
This is the brand’s 15th retail location.
[Link: Volcom NYC]
by The Editors on June 3, 2008
Want to know what’s going on with the Zumiez of the North? Tune in June 5, 2008 at 9 AM EST and you’ll get to hear the West 49 management team discuss the first quarter of fiscal 2009.
To access the conference call by telephone, dial 416-644-3417 or 1-800-732-6179. Please connect approximately 15 minutes prior to the beginning of the call to ensure participation. The conference call will be archived for replay until Thursday, June 12, 2008 at midnight. To access the archived conference call, dial 416-640-1917 or 1-877-289-8525 and enter the reservation number 21273023 followed by the number sign.
That’s all take to roll like a business champion. Follow the jump for all the details.
[click to continue…]
by The Editors on June 3, 2008
by The Editors on June 2, 2008
According to a story on Forbes.com:
Shares of Quiksilver Inc. ticked higher on Monday, as an analyst predicted the outdoor apparel and equipment maker will report strong revenue when it releases its second-quarter earnings on Thursday. . . . The company is attempting to focus on its Quiksilver, Roxy and DC apparel and footwear brands and shed its equipment units, including French ski maker Rossignol, which Quiksilver acquired in 2005.
We’re going to guess that news won’t be that great. . . but what do we know.
[Link: Forbes.com]
by The Editors on May 7, 2008
According to c|net the hottest new action sports trend in Silicon Valley is kitesurfing (which is really no surprise).
For the uneducated (that’s the rest of us), kiteboarding (or kite surfing) is the trendiest adrenaline-junkie sport among Valley venture capitalists and high-tech entrepreneurs. In fact, mention you’re an amateur at a technology social function, and it could provide an entree to a conversation with the kite-savvy Google founders Larry Page and Sergey Brin, Second Life‘s Philip Rosedale, or venture capitalists Bill Tai and Ken Howery.
“I always joke that to kite-surf, you either need to be a venture capitalist or unemployed,” said Chris Sacca, a former Google executive who’s now a technology investor, referring to the flexible schedule that people need to surf between 2:30 p.m. and 6:30 p.m., which are peak wind times. The cars at the kite beach parking lot on 3rd Avenue near San Mateo, Calif., (a spot about 20 miles south of San Francisco that accesses San Francisco Bay) typically reflect that theory.
Seems like those valley types are always into sports with extremely low fun/equipment cost ratios.
[Link: c|net]
by The Editors on May 7, 2008
According to Forbes.com :
Zumiez Inc. late Wednesday said same-store sales rose 4.1% in April, topping the average estimate of analysts polled by Thomson Financial for an increase 2.3% for the month.
Total sales at the Everett, Wash., action sorts retailer rose 20% to $24.2 million from last year’s total.
The stock closed the regular session at $20.38, down 2.6%.
[Link: Forbes]
by The Editors on May 2, 2008
According to Investerms :
Volcom, Inc. (NASDAQ: VLCM) shares are soaring more than 25% midday Thursday on practically five times trading volume after first quarter results and an analyst price target upgrade.
The California-based clothing and accessory maker that sells products under the brand Volcom has added more than $100 million in market capitalization after reporting a 70.4% increase in first quarter net income. Net income rose to $9.3 million, or 38 cents per share, from $5.5 million, or 22 cents per share, on a 58.5% increase in revenues. Even with this drastic sales growth, Volcom managed to increase gross profit slightly to 52.4% from 52%.
Sometimes we’re glad we don’t own Volcom stock, and other times (like today) we’re bummed.
[Link: Investerms]
by The Editors on April 28, 2008
Looks like NBA China is going to be taking a little more of Heidi Ueberroth’s time in the coming months.
Heidi Ueberroth, global business executive of the National Basketball Association, has stepped down as a director of Huntington Beach-based Quiksilver Inc. as she works on launching an NBA league in China.
Seems like she could have done business for both brands while she was there.
[Link: Orange County Business Journal]
