by The Editors on July 19, 2011
by The Editors on July 15, 2011
According to a story on MarketWatch.com, Greek Investments, an Athens, Greece based investment group run by Jorge and Panayotis Constantino now owns 30.45 percent of Pac Sun. But that’s not all.
The firm is now the biggest single shareholder in sun-and-surf-inspired teen retailer Pacific Sunwear of California Inc. and home-furnishings retailer Pier 1 Imports Inc., and is the second-largest in dining chain Ruby Tuesday Inc., according to FactSet Research. It also holds substantial stakes in restaurant chain Cosi Inc. and bank-holding company BFC Financial Corp. (BFCF).
They really know how to pick ’em, huh? Add this to the list of things we’ll never understand about PacSun.
[Link: MarketWatch]
by The Editors on July 14, 2011
Converse is getting global press heat for the way its Indonesian contractor Pou Chen Group treats its workers, according to a story in the San Francisco Chronicle.
Workers making Converse sneakers in Indonesia say supervisors throw shoes at them, slap them in the face and call them dogs and pigs. . . One worker there said she was kicked by a supervisor last year after making a mistake while cutting rubber for soles. . . “We’re powerless,” said the woman, who like several others spoke on condition of anonymity out of fear of reprisals. “Our only choice is to stay and suffer, or speak out and be fired.”
While Nike has reportedly worked to tidy up their sweat-shop footwear production (where workers earn 50 cents a day), it appears that corporate profits remain their number one priority, even if it means dumping “heavy metals and hazardous, hormone-disrupting substances” into the rivers of China.
[Link: San Francisco Chronicle and Reuters]
by The Editors on July 13, 2011
As should surprise no one Frank Delgadillo, the co-founder of Comune (and Ambiguous) who left with many of the Comune staff on June 17, 2011, is launching a new clothing brand called Chapter, according to a story in Apparel News.
The brand’s headquarters will be located in Costa Mesa, Calif., on the grounds of the former Comune offices. Chapter’s first collection will debut in a soft launch for Spring/Summer 2012. A full collection of men’s and women’s fashions will hit stores for the Fall 2012 season, according to a press release from the new brand.
Maybe Delgadillo will hold on to 51 percent of this company for his third time around, or maybe he just enjoys launching successful brands and then handing them over to investors just when they’re about to go huge.
[Link: Apparel News]
by The Editors on July 12, 2011
Put him in a house with no corners and tell him to . . . Turns out the PAS House that etnies founder Pierre-André Senizergue set up at the Public Domaine show at La Gaîté Lyrique in Paris wasn’t just an architectural fantasy after all. According to a story in Curbed LA the designs are for a real house that Pierre-André is planning to build in Malibu, California (see model above). Quoting the A | N Blog Archpaper.com:
The project, located at the top of Las Flores Canyon in Malibu, will by sometime next year be the home of skateboarder Pierre Andre Senizergues (hence the name PAS), a former world champion skater, and owner of skateboard company Sole Technology. It’s being created by designer Gil Lebon Delapointe and LA architect Francois Perrin, who for the prototype of the living area bent plywood, previously soaked in water, using a traditional skateboard ramp fabrication technique.
Now it’s all beginning to make sense.
[Link: A | N Blog via Curbed LA]
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]
It didn’t take former Volcom CFO Doug Collier long to get back to business, according to a story in the Orange County Business Journal. Collier, who announced his exit from VeeCo on July 1, 2011, is the newest member of the Skullcandy board of directors.
