by The Editors on March 23, 2009
by The Editors on March 12, 2009
Pac Sun reported Q4 numbers today and guess what? They sucked. But according to the Orange County Business Journal they were at least “better than expected.”
Losses for the quarter ended Jan. 31 totaled $27.1 million, or 42 cents per share, compared with a profit of $5.2 million, or 7 cents per share, last year. . . For the year, the Anaheim, Calif.-based company reported a loss of $63.8 million, or 59 cents per share, compared with a loss of $30.4 million, or 65 cents per share, last year. Revenue fell 4 percent to $1.25 billion from $1.31 billion last year.
It would be fun to be in a business where you have $63.8 million a year to lose, wouldn’t it?
[Link: BusinessWeek]
by The Editors on March 12, 2009
Things were bad everywhere, but Zumiez just announced a 49 percent slide in Q4 profit vs. last year. That’s like cuttin’ it in half.
Chief Executive Rick Brooks said the second half of fiscal 2008 was “incredibly challenging.” “Since September, the deteriorating economic conditions have significantly dampened consumer appetite for discretionary items,” Brooks said.
Yep, that’s what we keep hearing.
[Link: Forbes]
by The Editors on March 5, 2009
Over the past few days we’ve been getting repeated reports of Active’s plans to close several of their 29 Southern California retail locations. The company is closing its Chula Vista store this week.
Active President Shane Wallace hinted at this in a January profile in Women’s Wear Daily saying that he wouldn’t rule out store closings, if needed. “We’ll do what makes sense for our business,” he said.
by The Editors on February 27, 2009
In the latest of a string of bizarre announcements to come out of Redmond, Washington Microsoft is now launching a clothing line called Softwear (get it?) that:
” . . . taps the nostalgia of when PCs were just starting to change our lives. With retro logos, classic photos and geek-chic igonography, these pieces showcase the DOS days of the software company that now connects over a billion people.”
The clothing will be sold at the seemingly recession proof Urban Outfitters and is being designed in collaboration with the rapper Common. There certainly is no worse time to launch a clothing line.
[Link: Softwear via Neowin]
by The Editors on February 27, 2009
Looks like Op isn’t the only company with Walmart dreams of global domination. The Skatelab in Simi Valley, California and Alantic Beach, Florida has announced that they now have product displays in 450 Walmart stores and by the end of April they will be in 1,750 stores.
Killer T-shirts and hats only $7.50. Support SKATELAB and go get your kids some of the new gear today!
Just wondering. . . will this make Skatelab the world’s largest selling skateboarding T-shirts and hats? If not, it will certainly increase Skatelab’s brand awareness in the all-important “uneducated, foul-mouthed, fat, ugly, and unemployed” demographic.
[Link: Skatelab.com]
by The Editors on February 27, 2009
Steve Nesser’s Familia Skateboard Shop has made the cross-town hustle from St. Paul to Minneapolis, Minnesota, and is celebrating the move this weekend, according to as story in the City Pages.
Check out the store’s ‘Grand Re-Opening’ this Saturday from 12 p.m. to 6 p.m., featuring a special in-store Todd Bratrud art show and hang out with the Familia crew at The Red Stag later that night, with tracks from DJs Millions Billions and Tendercakes.
Sadly, we’re not going to make it to that freezing Midwest skateboarding hotspot this weekend nor any weekend in the near future.
[Link: Citypages.com]
by The Editors on February 26, 2009
The Dallas Observer has posted a photo tonight of Quiksilver employees closing up the store at Ross Perot Jr.’s Victory Plaza.
Quiksilver, among the first tenants in the Hillwood project, would be closing sooner than later, as word was the place would go days without posting a single sale. Well, that sooner is now — actually, February 22.
It’s sad to see dreams die. Then again, it’s only one store and there are at least 400 more where that one came from.
[Link: Dallas Observer]
by The Editors on February 25, 2009
Those Mono County Sheriff’s officers sure are clever. Recently they placed an ad on Craigslist offering Mammoth Mountain lift tickets in exchange for narcotics and ended up nailing six people, according to a story in the OC Register:
Sheriff’s deputies advertised their sting operation on Craigslist.org, offering to sell Mammoth Mountain lift vouchers in exchange for narcotics. . . . The six people from Orange County, San Luis Obispo and Los Angeles came to Mammoth Lakes, gave the agents the drugs and were arrested Friday, officials said. . . . Deputies seized about a pound of marijuana, a fourth of an ounce of cocaine, Ecstasy tablets and prescription medications.
Nice way to drum up some out-of-town revenue for the county. It almost seems too easy.
[Link: OC Register]
by The Editors on February 24, 2009
