Retail

Tilly’s Stock Dropping On Founder Sell-off

by The Editors on September 6, 2018

Tilly’s stock has dropped nearly 18 percent in the last two days thanks to news of some stock sales from the founders, according to a story in the Orange County Business Journal.

Tilly’s Inc. (NYSE: TLYS) dropped 6% to $20.64 and now has a $591 million market cap. Shares of the Irvine-based company fell 12% yesterday after the company announced that some shareholders, including chain co-founders Hezy Shaked and Tilly Levine, plans to sell 8.1 million common shares and possibly an extra 1.2 million more.

Thanks, guys. Then again, guess they have to get their money out sometime.

[Link: OCBJ]

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Patagonia’s Worn Wear Wagon Wetsuit Repairs

by The Editors on June 6, 2018

The Patagonia Worn Wear Wagon is hitting the road again this summer, only this time, they’re bringing the gear to repair wetsuits as well (any brand of wetsuit).

Patagonia’s Worn Wear program was created in 2013 to encourage people to change their relationship with stuff. The program provides significant resources for responsible care, repair, reuse, resale and recycling at the end of a garment’s life. Known for building highly durable products, Patagonia strongly believes in the intangible value of things that accumulate meaning over time. The memories contained in patches, stitches and scars can’t be replaced with something new – and Worn Wear aims to help customers celebrate those stories.

If you wetsuit (or any of your Patagonia gear) is in need of a fix, bring it in. One item per person. For all the details, follow the jump.

[Link: Patagonia Worn Wear]

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Mall Zombie Collabs Rule

by The Editors on April 30, 2018

More evidence that some brands never say die comes from a new collab between Maui & Sons and mall denim company American Eagle according to a story in Apparel News.

On June 1, the denim-focused American Eagle will debut a collaboration line, called American Eagle x Maui and Sons, with the heritage surf brand, said Blake Harrington, executive vice president of licensing and business development at Maui and Sons, headquartered in Los Angeles’ Pacific Palisades neighborhood. . . The collaboration line will be available exclusively at all American Eagle doors, which number more than 1,000 stores in North America, China and Hong Kong.

Seems like a really cheap way for American Eagle to get some quality retro, surf T-shirt graphics. Good on ya, zombies.

[Link: Apparel News]

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The Boardroom Surf Show Is This Weekend

by The Editors on April 30, 2018

Join all the surfers, shapers, designers, artists, and lurkers as they descend on the Del Mar Fairgrounds next weekend (May 5-6, 2018) for The Boardroom International Surfboard Show presented by US Blanks.

The show features hundreds of incredible surfboards by top shapers, the Icons of Foam shaping contest honoring Marc Andreini, live glassing demos by Douglas Surf Products, the California Gold Surf Auction preview, live music by Hold Fast, Tower 7, and Lay Low, as well as ukulele and guitar builds and demos, and much, much, more like great deals on boards, wetsuits, art and gear.

Tickets are $15 a day at the door ($20 for both days)  or save $5 and order online. For all the details, please click the link. The Del Mar Fairgrounds are located at 2260 Jimmy Durante Blvd, Del Mar, CA 92014, where the surf meets the turf.

[Link: Boardroom Show]

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Jones Goes 100% For POW On Earth Day

by The Editors on April 21, 2018

On Earth Day (April 22, 218) Jones Snowboards will be donating 100 percent of online sales to POW: Protect Our Winters. That means, if you’re going to buy something from Jones Snowboards, tomorrow is the day.

Jones Snowboards is a proud member of 1% For Planet. Every Jones product we make gives back to the playground we strive to protect. In honor of Earth Day on Sunday, April 22nd we are stepping up that support and donating 100% of online sales to Protect Our Winters. All online customers who make a purchase on Earth Day will also be registered for a free membership to POW.

Jeremy Jones has been making big moves for the environment for years, can you help tomorrow? For all the details, click the link.

[Link: Jones Snowboards]

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Idaho Skate Shop Owner Could Face Prison

by The Editors on December 12, 2017

Darin “D’Beau” Black, 46, the owner of the DeckadencE skateboard shop in Pocatello, Idaho could be up for 20 years in prison on charges stemming from a fight that happened in the alley beside his shop at 3 AM on September 16, 2017, according to a story in the Idaho State Journal.

Black was charged in connection to an altercation that involved five men attacking two other people in an alleyway near his skateboard shop on West Center Street. The attack left two people stabbed and ended when Black allegedly opened fire on two of the five attackers.

According to Black’s attorney the shop owner was acting in self defense. According to the Journal, “Black is back in court for a pretrial conference in February with a trial date currently set for March 13, 2018.”

[Link: Idaho State Journal]

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Merge4 Opens Flagship Store In Santa Barbara

by The Editors on November 25, 2017

Merge4, makers of quality-driven, comfortable, durable, modern socks, has opened their flagship retail store on State Street in the heart of Santa Barbara, California.

Across from the Metro Theater and surrounded by Volcom, Vans, Urban Outfitters and Billabong: 623.5 State Street is where the entire MERGE4 collection is on display for inspection and selection: 2,000 square feet of graphic socks – the perfect gift for Christmas, Hanukah, Kwanza or Festivus: “Visually artistic socks, featuring some of the best their industry has to offer,” said MERGE4 founder Cindi Ferreira-Busenhart.

For the official word from Merge4, please follow the jump.

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Former Zumiez Employee Accused of Theft

by The Editors on September 7, 2017

An $50,000 warrant has been issued for former Zumiez payroll employee Danielle Koehn, 39, who is suspected of stealing nearly $232,000 from the company according to a story in the Everett, Washington Herald.

Koehn reportedly created a computer file that compiled staffers’ birthdays, Social Security numbers and addresses. That information was used to activate 59 pay cards. . . Detectives believe she duplicated employees’ final payouts and diverted payments to those cards. In other instances, she changed the payment method on personnel accounts and added billable hours, according to a probable cause affidavit.

Koehn was supposed to be in court this week for a hearing, however, she never showed up. Wonder if she ever will?

[Link: Heraldnet.com]

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Billabong Looks To Nordies For CFO

by The Editors on June 1, 2017

Over the past decade Billabong has had nothing but trouble running their own retail stores. Not to rehash it all, but they’ve bought retailers and online retailers and partnered with other retailers all without ever gaining traction or experiencing any real success. But they’re planning to fix all that with the hire of Jim Howell as chief financial officer of the company.

Mr Howell has spent the last 10 years leading the finance and treasury division at Nordstrom, one of the largest retailers in the United States, where he oversaw significant cost management improvements, capital management and growth initiatives. . . He played a key role in the implementation of Nordstrom’s highly successful omni- channel retailing strategy, which has demonstrated consistent best in class financial performance.

Sounds like they have the right guy for the job. We hope Mr. Howell is up for a challenge. He starts at the Bong on June 12, 2017, and will be based in California. For the official word from Billabong, please follow the jump.

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SurfStitch Closing US Office Amid Losses

by The Editors on May 22, 2017

Australian retailer SurfStitch (formerly partially owned by Billabong) is expecting its losses to double this year, according to a story on Sky News. In what has been one piece of bad news after another, the company will also be closing their US office a.k.a Swell.com.

SurfStitch on Monday announced that weak apparel and footwear sales in its key markets, particularly in the UK, will drag it deeper into the red than the $5 million-$6.5 million loss it had forecast in February. . . The company now expects a loss of between $10.5 million and $11.5 million for its 2017 financial year.

Guess the suits haven’t been able to turn the retailer around like they’d hoped. 

[Link: Sky News]

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