by The Editors on July 23, 2013
Brixton has added Adam Warren to the team as Marketing Manager. Warren will be handling retail, athlete, and music marketing programs.
“We’re excited to bring someone with Adam’s knowledge and experience on board to help drive our marketing initiatives,” said co-founder and Brand Manager David Stoddard. “Adam truly understands the brand and we couldn’t be happier to have him join the team.”
For the official word from Brixton, follow the jump. [click to continue…]
by The Editors on July 22, 2013
Burton Snowboards has announced that they will be opening not one, but two company stores in Northern California’s Bay Area but they didn’t mention anything about wearing “flowers in their hair.” They’re taking over the space that formerly housed SFO Snowboard on Haight St. and moving in right down the street from the Nixon store in Berkeley.
“With Tahoe just a few hours away, there are thousands of people around San Francisco who are into winter sports, but only a handful of local snowboard shops to choose from,” says Jake Burton, Founder & CEO of Burton Snowboards. “We ship a lot of product to the Bay Area through Burton.com, so to us, that means snowboarders out there are looking for gear. By opening two stores in San Francisco, we can better service local riders by offering them industry-leading product and the customer experience Burton is known for, right in their own backyard.”
As independent retailers fade, expect the company stores to pick up the slack. For the official word from Burton and SFO’s Kent Uyehara, follow the jump.
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by The Editors on July 16, 2013
The list of large changes on the memo Billabong released today (July 16, 2013) is almost too long for one headline. That’s probably why they just listed four in order. Refinancing of Syndicated Debt Facilities, Sale Of Dakine, Appointment of New CEO, and New Director Appointments. How’s that for a mouthful?
Concurrent with signing the Bridge Facility, the Company has entered into binding documentation regarding the sale of DaKine to Altamont for a purchase price of A$70m (“Asset Sale”). The transaction is subject to conditions precedent which are typical for a transaction of this type. The sale is also conditional on the completion of the funding under the Bridge Facility.
In other words, Launa Inman is out as CEO (after a tumultuous 14 months), former Oakley CEO Scott Olivet is in, and Altamont Capital is now running the show. Thanks to their debt bailout (aka “Bridge Facility”) Altamont also gets to name two people (Altamont co-founders Jesse Rogers and Keoni Schwartz (hello Stanford, Harvard and Princeton)) to the Billabong board of directors. And the best part? They didn’t even have to buy the company. For most of the official details from Billabong, follow the jump or click here to get Jeff Harbaugh’s take on it all. [click to continue…]
by The Editors on July 8, 2013
Huntington Beach, California’s Huntington Surf & Sport is upping its footprint on the surf world’s most trafficked corner with an expansion of their current shop. Some of it even got finished in time for the US Open of Surfing later this month.
Huntington Surf and Sport is in the midst of a major renovation at its downtown Pierside Pavilion location, adding more than 3,000 square feet and a new energy to this iconic store. Upon completion, HSS will offer the largest inventory and best selection of hardgoods in the entire surf industry; a haven for real surfers to get authentic gear.
It’s nice to know that all surf retail isn’t dead just yet. For the official word from HSS follow the jump.
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by The Editors on July 3, 2013
Photographer Jason Kenworthy has joined Wax Research as the Team Director/Advisor for both Sticky Bumps and Ransom.
“Jason’s industry experience and surf savy are a great asset to our management staff,” says company founder John Dahl. “We’re enthusiastic to have him onboard and I’m convinced he will help us accomplish our goals.”
For the official word from Wax Research follow the jump. [click to continue…]
by The Editors on July 2, 2013
The Agenda Trade Show is proud to announce that their Long Beach, California show has received a glowing endorsement from the Board Retailers Association to help in the fight to support independent retailers.
“Supporting the independent retailers is at the core of the AGENDA business model. It’s a natural Supporting the independent retailers is at the core of the AGENDA business model. It’s a natural collaboration for AGENDA and BRA to unite for the greater good of our Industry,” says Mike Carter, VP Sales and Marketing. “The relationship will give us the opportunity to further focus on the needs of the independent retailers and brands.”
For the official word on this endorsement and all around working togetherness follow the jump. [click to continue…]
by The Editors on July 1, 2013
If you haven’t registered for Agenda NYC next week (July 10-11, 2013) there is still time. Click the link and follow the instructions on get on it. There’s no better time in the City than Agenda.
[Link: Agenda Show]
by The Editors on June 27, 2013
More bad news for Billabong? Is that possible? According to a story in The Australian, it is.
Following this week’s moves by the company to reassure investors that its refinancing plans were progressing, reports have emerged that HSBC and Commonwealth Bank have offloaded about $85 million worth of Billabong’s debt. . . The surprise sales are understood to have occurred at prices 15 per cent to 20 per cent lower than the debt’s face value, with the buyers understood to include illiquid asset specialist Hong Kong-based SC Lowy and Bank of America Merrill Lynch, an existing member of the lending syndicate.
So wait, you’re saying the smart money is leaving Billabong?
[Link: The Australian]
by The Editors on June 27, 2013
Half of Southern California snowboarding is now up for sale as the owners of Bear Mountain and Snow Summit have put the resorts up for sale according to a post in the OC Weekly.
The San Bernardino Sun, citing county tax records, reports Snow Summit was assessed to be worth $6.14 million in 2012, up from $5.93 million in 2010. Summit bought Bear Mountain for $200,000 in 2003 and that resort was valued at $5.7 million in 2012, according to the Sun.
We’re guessing with the way the world is heating up you could probably get both mountains for less that $7 million. And from the photo above it appears they’re doing their SoCal sexy marketing best to get these resorts moving. Anyone in?
[Link: OC Weekly]
by The Editors on June 25, 2013
After a ride of nearly 15 years, Transworld Surf magazine appears to have come to a closeout. The staff is now reportedly working on the final issue of the magazine. At a meeting this morning (June 25, 2013) in Transworld’s Carlsbad, California offices, it was reportedly announced to the staff that the print magazine would be shutting down, however, the website would continue under the leadership of Justin Cote and Zander Morton.
This news come just one month after it was announced that GrindMedia/Source Interlink had purchased Transworld Media from the Bonnier Corporation. When that transaction was announced GrindMedia Senior Vice President and Group Publisher Norb Garrett said on May 20, 2013 suggested that there were no plans to cut any Transworld brands or employees. How quickly things change.
In an interview posted on the GrindMedia owned Transworld Business Garrett explained the decision:
The first question everybody in the industry asked us was “can you do three surf mags?” That was a question we needed to answer first before we did anything else. While we could have on day one just closed TW Surf, which would have made a lot of sense to a lot of people, I really felt that we owed the brand and the market an opportunity for us to understand more about how the brand fit into the space. That was information we couldn’t get until after we had the brand and could have the conversations with advertisers, people in the industry, and even people outside the industry. Over the last month we spent a lot of time asking that question and the answer we came up with was no.
Garrett said that a few of the staff will be offered other opportunities in the company, and a few employees will be cut. No other title cutbacks were announced in the meetings held June 25, 2013 according to the story, but it seems likely in this changing media environment that more evolution will take place in the coming months. For the rest of Garrett’s interview click the link.
[Link: Transworld Business]
Brixton has added Adam Warren to the team as Marketing Manager. Warren will be handling retail, athlete, and music marketing programs.
