by The Editors on July 12, 2011
Don’t kid yourself. There’s money in storing other people’s kids. Woodward Camps knows better than most that there is almost no end to the stacks parents will drop to put their kids somewhere else for a week or 10 each year. So, in order to get more parents to spend more money Woodward is partnering with Boreal Resort on Woodward Tahoe set to launch in the summer of 2012, according to a post on the Boreal website.
Gary Ream, President and long-time leader and creative force behind Woodward explains, “Woodward Tahoe will bring a brand new set of experiences and opportunities to everyone who visits Boreal. As Woodward continues to grow its presence in winter sports, Tahoe is the perfect next step. We have learned a great deal from our success at Copper. Bringing “The Woodward Experience” to Boreal will be a great opportunity and an exciting adventure for all of us.”
And it’s just in time for the 2014 Olympics. Follow the jump for the rest.
[Link: Boreal Resort via Yobeat] [click to continue…]
by The Editors on July 11, 2011
Fashionistas in Lake Elsinore, California (and those who bus in on super savings shopper/casino tours) will now be able to purchase quality RVCA clothing at close-out prices thanks to Billabong’s new RVCA outlet store in the Lake Elsinore Outlets, according to a story in The Press-Enterprise.
The store, which carries merchandise for men and women, opened Saturday in a space next to Skechers. . . The brand (pronounced ‘Roo-ka’) is widely available in retail stores across the country, but this is the Costa Mesa-based company’s first outlet store.
Could there even be a better outlet mall neighbor for “Roo-ka” than Skechers.
[Link: The Press-Enterprise]
by The Editors on July 7, 2011
On Sunday, July 3, 2011 the Eddie Aikau Restaurant and Surf Museum opened in the Kings Shops in Waikoloa, on the Big Island of Hawaii, according to a story on Big Island Video News.
The new attraction is named after the legendary big wave surfer and Hawaiian lifeguard. He was lost at sea in 1978, paddling out to find help as a crew member aboard the capsized Hokule’a voyaging canoe. . . Present for Sunday’s opening festivities were pro surfers Shane Dorian, Kelly Slater, Clyde Aikau, Eddie’s wife Linda Ipsen, and other members of the Aikau family and representatives of the Eddie Aikau Foundation.
The restaurant, which is open for lunch and dinner, will feature “Contemporary Hawaiian Cuisine” according to Executive Chef Scott Lute. Sounds like a dinner worth the drive.
[Link: Big Island Video News]
by The Editors on July 7, 2011
Agenda Tradeshow has partnered Krush to give brands predictive data on which SKUs in the Spring 2012 lines will be the most popular six months before the products go on sales.
“This new technology is a game changer for the whole retail industry,” says Aaron Levant, President of AGENDA LLC. “It will save brands time and money by allowing them to rapidly eliminate unpopular items and capture more sales from the most popular items. Historically, action sports and lifestyle brands have been the trend setters in the industry, so it made sense for us to be the first to introduce this technology to the brands who exhibit at AGENDA.”
For more info on Krush’s SneakPeek brand events and the product data they can provide follow the jump. [click to continue…]
by The Editors on July 7, 2011
Since originally filing their S-1 with the Securities Exchange Commission on January 28, 2011 Skullycandy has gone through a few changes. First, founder and CEO Rick Alden resigned, then the company filed a series of amendments to their original filing. Yesterday, (July 6, 2011) they filed their fourth amendment the S-1, according to a post on Jeff Harbaugh’s Market Watch.
It appears they postponed it due a rough patch in the market. Smart. . . They list the maximum offering price as $19 a share. They are registering 9,583,334 shares and if they sell all of those, the offering will raise a bit over $182 million. But that includes the underwriters optional over allotment of 1,250,000 shares and is before expenses.
For the rest of Harbaugh’s analysis click the link.
[Link: Market Watch]
by The Editors on July 5, 2011
The Oregonian writer Allen Brettman spoke to many of the P-Town outerwear brands like Grenade, Bonfire, Airblaster, Betty Rides, Holden, and Homeschool and found out that “July is perhaps among the busiest for the local snowboarding apparel and equipment industry.”
Future garments are under design, the upcoming season’s line is under production, and sales meetings abound, with independent representatives as well as a network of retailers. . . . “For sure, this is the busiest time of year for many of our departments,” Jesse Grandkoski of the Airblaster brand emailed from Taiwan.
Guess that’s where everyone has been lately. Click the link for the rest of the story . . .
[Link: Oregon Live]
by The Editors on July 5, 2011
On Friday, July 1, 2011 Volcom CEO Richard Woolcott announced that long-time Volcom CFO Doug Collier would be leaving the company. In an email sent to employees Woolcott said:
I want to let you know that after 18 great years with the company, Doug Collier has decided to retire from Volcom. Doug has been a friend and close ally since the early days, through years of crazy growth and through our life as a public company. I’m very stoked for him and fully support his decision to spend more time surfing and snowboarding with his wife and boys. . . While I will miss our daily interactions, he will always be part of the Volcom family. I wish him the very best, and have asked him to please save some powder for the rest of us!
Before anyone jumped in to say that PPR was moving its people into the VeeCo building, Wooly was quick to mention that Collier would be replaced by six-year Volcom finance team member Dave Unter. Wooly said:
Dave is a seasoned executive with strong experience, and we are excited he will be our financial steward as we enter this new phase for the company. Dave joined Volcom back in 2005 after a short time at Hot Topic and almost a decade at Deloitte and Touche LLP providing advisory, audit and assurance services for companies in the action sports and retail industries.
Congrats, to Doug and Dave. Seems like the perfect time for some to walk away and others to step up.
by The Editors on July 1, 2011
Our least favorite bargain action fashion retailer, Tilly’s, has reportedly filed to go public, according to a story in the Orange County Business Journal.
It’s a major move under new Chief Executive Daniel Griesemer, who joined the company in February from women’s clothing and accessories retailer and catalog company Coldwater Creek in Idaho. . . Griesemer replaced longtime head and company founder Hezy Shaked. . . The retailer saw sales of $332.6 million last year, which was up 17.6% from a year earlier, according to the filing. . . .In the last five years, Tilly’s entered 25 new markets and doubled its total number of stores.
Go get ’em tigers.
[Link: OC Business Journal]
by The Editors on June 29, 2011
Since dropping out of the print world we’ve missed a few of the goings on in the business of dead trees.
Apparently, in January of 2011, infamous graphic designer David Carson announced the launch of a new print magazine named, not surprisingly, Carson Magazine. Since then two issues have reportedly been printed. We’ve see neither of them, and from the looks of a message on David Carson’s personal website, it would appear that we never will. Things don’t seem to be going well at the magazine six months after launch. Here’s what Carson says:
david carson has no connection whatsoever with the website and magazine calling itself “carson mag”, nor the RECENTLY formed ( from the same people) delaware based corporation calling itself “carson media” legal action is pending and no other comments can be made at this point. june 27, 2011.
Sounds like another case of investors deciding they know more about business than the artists do. Which brings us to reminder number #57: Don’t put your name on something unless you plan on owning at least 51 percent of it forever.
[Link: David Carson and Carson Mag]
by The Editors on June 23, 2011
Journeys owner Genesco, announced today that it has purchased Schuh Group Ltd., a similar chain of “casual and athletic footwear” stores based in the UK for 100 million pounds.
Headquartered in Scotland, Schuh operates 59 stores in the United Kingdom and Republic of Ireland, 16 concessions in Republic apparel stores and one of the U.K.’s largest online shoe websites, www.schuh.co.uk. The company’s core product selection consists of a broad range of branded casual and athletic footwear complemented by a meaningful private label offering targeted at its 15- to 24- year old core customer. For the fiscal year ended March 27, 2011, Schuh generated net sales of approximately 164 million pounds with an operating margin above 9% adjusted for goodwill amortization.
Those in the action footwear business know how big a deal this is for the changing EU action sports market. As one skate shoe worker said, “Hopefully they don’t Schrewh it up!” For more details, follow the jump. [click to continue…]
