Every year Zumiez has big part for all the people who moved more than 100k in product. This year’s party was held at Keystone, Colorado and the winner sold $600k in gear. Her name is Jennifer Huynh. She got buried in prizes handed out by two-thirds of the boarding trifecta: Kelly Slater and Tony Hawk. If only someone at T-Dub could have mentioned what shop she was from. Follow the link for all the photos.
[Link: TransWorld Snowboarding]
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At first we thought this was a joke. But it’s not. It’s called the “Asian Fit” line and it’s Oakley’s year-old line of racially profiled eyewear.
“This line fits higher on your face with a narrower and deepened bridge,” said Andy McSorley, Oakley’s eyewear brand manager. “This helps to lift the sunglasses off the face of a person with a shallower nose bridge and higher cheek bones.”
It’s good to know not all Oakley’s customers are mini-truck driving round eyes.
[Link: Houston Chronicle]
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In a story about Pac Sun and the challenges they fact Motley Fool writer Ron Vilieger showed exactly why he’s worth his pay check by getting really crazy with the kids lingo:
Unlike some teen retailers, the dudes at Pacific Sunwear (Nasdaq: PSUN) didn’t, like, totally biff the holiday season, but same-store sales for December weren’t as gnarly as Wall Street predicted. This news capped off what has been a choppy year and raised questions about whether shareholders should, you know, like, totally bail.
Isn’t that funny? He’s such a clever writer.
[Link: Motley Fool]
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Shares of Zumiez fell 13 percent to a new year low when the retailer “slashed its fiscal 2007 outlook after it posted holiday sales below its expectations.
Shares of the online and mall-based retailer have slumped nearly 65 percent since their October 2007 highs, as concerns about warm weather hurting winter sales worried investors. . . “Although holiday sales were positive, we did not experience the across the board strength that we had planned for,” Zumiez Chief Executive Officer Rick Brooks said in a statement.
[Link: Reuters]
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In a 10b5-1 prearranged stock sale Richard “Wooly” Woolcott reported that he sold 11,104 shares of Volcom stock at about $25 a piece netting him a $277,000 after Christmas bonus. He squeaked that in under the 2007 tax year.
[Link: Forbes]
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The Quiksilver Foundation, a tax-releif/philanthropic arm of Quiksilver Inc, has funded the creation of a community health training centre at Katiet, in the Mentawai Islands, off Indonesia’s West Sumatran coast.
SurfAid Founder and CEO, Dr. Dave Jenkins, said the opening of the centre was the culmination of a long and successful partnership with Quiksilver. “The Quiksilver Foundation has been supporting SurfAid’s relentless pursuit of cost effective results that create lasting change and break the cycle of poor health and health behaviors that have been part of Mentawai life for up to 5000 years,” he said.
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After selling K2 to the Jarden company for $1.2 Billion how is Richard J. Heckmann filling his free time? By starting up a new public company that’s only business is buying other businesses.
Heckmann . . . has based his new Heckmann Corp. at the business education center that bears his name, the Richard J. Heckmann International Center for Entrepreneurial Management at UC Riverside’s Palm Desert campus. Partners in the new venture, in addition to [Dan] Quayle, include ESPN sports commentator and former University of Notre Dame football coach Lou Holtz and Alfred E. Osborne Jr., senior associate dean at UCLA’s Anderson School of Management.
According to the initial public offering Heckmann’s confidence rating is pretty high.
[Link: The Desert Sun]
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After years of making skis and snowboards on an island, K2 has finally moved in to Seattle and they’re apparently enjoying being part of the known world again, according to a story in the Seattle Post Intelligencer.
[K2 Sports President Robert] Marcovitch also believes being in Seattle will get people thinking about all sorts of ventures with K2. The name, he says, is already established. When he goes to events wearing a K2 lapel pin and tells people where he works, “Everyone has a story — every accountant, every lawyer.”
It’s hard to believe it took them so long.
[Link: Seattle Post Intelligencer]
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Jarden, the company that now owns K2, Ride, Volkl, Adio, Planet Earth, Mr. Coffee, and many more businesses has announced that Gregory S. Shearson has been named president and chief executive officer of Jarden Outdoor Solutions.
Mr. Shearson, 42, has more than 20 years of experience in the consumer package goods industry. He has held senior management positions at PepsiCo Corporation since 2001. Most recently, Mr. Shearson served as President of Tropicana Beverages North America where he delivered significant revenue and profit improvement.
Watch out snowboard business. It’s going to be interesting to see how a sugar water pusher does with action sports. We’ll keep you posted.
[Link: CNNMoney.com]
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As if the Rossignol part of the Quiksilver purchase wasn’t enough, the Cleveland Golf numbers were a huge drag on Quiksilver’s otherwise strong position in the sports marketplace. Now, it appears Quik can become even lighter on its feet now that it has announced the sale of Cleveland Golf to SRI Sports Ltd of Japan for a reported $132.5 million.
Quiksilver Chief Executive Robert McKnight said in a statement that Cleveland Gold was “not a strategic asset for us as we strive to maximize our core businesses and brands.”
How right he is.
[Link: Reuters]
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