by The Editors on May 11, 2016
TMZ.com says that Bad Things drummer Lena Zawaideh is suing bandmate Shaun White for among other things “inappropriate and sexually harassing and suggestive comments.”
Zawaideh also claims White forced her to rehearse while sick, demanded she cut her hair before a show in France … and ultimately stopped paying her because he felt she didn’t need the money. . . Zawaideh says White owes her more than $42k in back payments — but she wants A LOT more than that now … because she’s suing for punitive damages.
So far “White’s people” have not gotten back to TMZ. Reminds us of that line about every dollar being a problem.
[Link: TMZ.com]
by The Editors on May 9, 2016
Not really sure how things could be worse for GoPro. They’ve announced terrible first quarter results and delayed launching their next big product, the Karma drone, according to a story on The Verge.
[GoPro] saw its revenue drop by 49.5 percent from the same period in 2015, and it swung from a $22 million profit to a $121 million loss. The company also announced that its new drone, the Karma, will be delayed until the winter holiday. It was originally slated to be released in the first half of this year.
Yes, a $121 million loss for the quarter. We’ve never really understood the mass appeal of drones, or of GoPro cameras for that matter, so we guess we don’t find much of this recent news all that surprising. Click here for the official GoPro financials, or here for some of Jeff Harbaugh’s thoughts.
[Link: The Verge]
by The Editors on May 9, 2016
We can think of a lot of reasons to visit Miami, Florida in July, but the 2016 Agenda Show scheduled for July 18-19, 2016 is probably one of the best. For all the official details, please click the link.
[Link: Agenda]
by The Editors on May 9, 2016
Today (May 9, 2016) marks John Vance’s first official day in his new role as CEO of Surftech.
“John has all the leadership elements we were looking for and we know his amazing retail relationships will benefit all. He has a long successful history and deep understanding of the industry and the challenges it faces today and is uniquely qualified to help guide Surftech, NSP and BARK brands to the highest levels in design, innovation, technology and customer satisfaction.” Trent Pedersen, Chairman of Surftech’s Board of Directors.
The industry titan was most recently at Freewaters and has done time at Sanuk and Quiksilver. For the official word from Surftech, please follow the jump.
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by The Editors on May 2, 2016
Stance has loaded up on a little more capital thanks to a $30 million series D round, according to a story in the Orange County Business Journal.
The round was lead by Salt Lake City’s Mercato Partners and included returning investors like August Capital, Kleiner Perkins Caufield Byers, Menlo Ventures, Shasta Ventures, and Sherpa Capital.
The financing will enable the socks and underwear manufacturer “to continue its rapid growth and expansion into strategic, direct-to-consumer initiatives,” according to Mercato. . . “A massive market and growth opportunity lies in front of the company as they continue to aggressively attack new products, categories, and sales channels,” Greg Warnock, the investment firm’s managing director and a member of Stance’s board of directors.
And that’s how you sock it away.
[Link: OCBJ]
by The Editors on April 27, 2016
The International Association of Skateboard Companies are inducting a whole slew of skateboarding greats at their seventh annual International Skateboarding Hall of Fame awards show to be held May 13, 2016 at the City National Grove of Anaheim. Those being celebrated include:
Skip Frye, Ty Page, Steve Alba, Eddie Elguera, Tommy Guerrero, Ed Templeton, Ellen Berryman, Cindy Whitehead, and Jen O’Brien. This year’s Icon Award recipients are pioneering skateboard company Powell-Peralta, photographer/writer/designer Mörizen “Mofo” Föche and legendary hardcore punk band Suicidal Tendencies.
Sounds a little bit like a part you shouldn’t miss. For the official word from the IASC (including the names of everyone in the hall of fame), please follow the jump.
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by The Editors on April 21, 2016
![Vans-2015-US-Open-of-Surfing_PatGudauskas[n3hq]](http://www.boardistan.com/wp-content/uploads/2016/04/Vans-2015-US-Open-of-Surfing_PatGudauskasn3hq-450x299.png)
Vans has decided to keep their sponsorship of the annual US Open of Surfing in Huntington Beach, California running through the summer 2018 event.
“As Vans celebrates 50 ‘Off The Wall’ years of enabling creative expression, it’s important for our brand to continue to support the next generation of talented individuals through progressive platforms like the Vans US Open,” said Doug Palladini, Vans’ vice president/general manager for North America. “Vans is honored to carry on the legacy of the world-class events alongside IMG and WSL, while introducing the latest innovations in action sports, art and product design.
There really is no sponsor better suited for this cavalcade of Southern Californians. For the official word please follow the jump.
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by The Editors on April 16, 2016
Sport Chalet, SoCal moms’ favorite action sporting, big box chain store, is calling it quits after 57 years in business. But they’re not going to try and restructure like PacSun, or Quiksilver. No, they’ve turned off their online store and are shutting down each and every one of their 47 locations, according to a story in the Los Angeles Times.
The chain has 40 stores in California, mainly in the Southland, according to the website. It also operates five stores in Arizona and two in Las Vegas. The company didn’t say how many people would be losing their jobs, but as of March 30, 2014, the chain employed 1,200 full-time workers and 1,600 part-timers. . . At the Sport Chalet in downtown Los Angeles, the signs in windows of the black-and-white facade told of the chain’s fate. “Everything must go,” they stated. “All Sales are Final No Returns.”
The chain reportedly hadn’t made a profit since 2007 and was apparently $52 million in debt when it was sold in 2014 for $17 million. Blame Target and those dastardly online discounters.
Surprisingly, if you’re looking for cheap camping gear for a summer road trip, you should definitely look elsewhere. There are no deals at Sport Chalet. According to one store employee, “The liquidation company came in and took over the pricing,” he said. “We have no control over anything” Meaning, most everything in the store is now more expensive than it was before the closing announcement.
[Link: LA Times]
by The Editors on April 15, 2016
The 2016 IASC Skateboarding Summit is less than one month away and early bird registration ends Monday, April 18, 2016
Next week we will be announcing this years keynote along with the rest of the program and it is shaping up to be one of the best Summits yet! So don’t miss your chance to attend the best educational, networking and inspirational event in skateboarding. The 9th Annual IASC Skateboarding Summit will be focused on the looking at the current lackluster state of the skateboard industry and finding ways to collectively push the industry forward. . . All Summit attendees are guaranteed entrance to the IASC Skateboarding Hall of Fame Induction and Icon Awards Ceremony presented by Vans on May 13th, 2016 from 6:00 – 11:00 pm at the City National Grove of Anaheim. As the SHOF has outgrown the ballroom ceremonies of the past four years this beautiful venue gives us a chance to really shine. It’s going to be an amazing night with some surprise special guests, music, art and more.
For additional ticket info click the link: https://2016-shof.eventbrite.com
by The Editors on April 9, 2016
After nearly a decade of losing money Pacific Sunwear of California has finally filed for bankruptcy protection according to a story on Reuters.com.
Citing “significant and unusual trading,” lawyers for the retailer asked a judge to restrict trading on Thursday due to concerns that a significant change in ownership could impair its ability to use tax benefits on operating losses down the road. . . Founded in 1982 as a surf shop, PacSun has posted an annual net loss since the financial crisis hit in 2008.
In what has become standard practice, the company is hoping to hand off all its debt then go private with Golden Gate Capital where the new owners can run the whole game over again in a portfolio that includes Eddie Bauer, California Pizza Kitchen, Red Lobster, and J.Jill.
For a more informed discussion of the topic click here for Jeff Harbaugh’s take.
[Link: Reuters]
