We didn’t attend the Grenade Games 5 brought to you by Monster Energy Drink this year and we haven’t watched any of the videos or read the miles of web stories about how “crazy they were.”
In fact, the only thing we know about the Monster Grenade Games is this photo of Leanne “Party” Pelosi and to be honest: that’s about all we need to know.
[Link: etnies]
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Volcom will discuss their 2009 first quarter results today in a conference call at 1:30 PST. Join in to hear just how poorly the surf fashion market has gotten.
The conference call will be available to interested parties through a live audio Internet broadcast at www.volcom.com. Volcom intends to utilize this webcast event to discuss financially oriented goals and objectives and to disclose material company and industry-based topics in an open manner. The company does not plan to report or comment on its progress during the current fiscal quarter.
We’re interested. . .
[click to continue…]
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For the past four years the Pro-Tec Pool party has snuck up on us so steathily that we’ve missed it every time. This year we’re planning on sneaking back a little. We’re going to the Vans park on May 16, 2009 to catch all that tile cracking action in person. If that plan fails, at least we have a back-up: watch the whole thing in HD on Fuel TV.
[Link: Fuel TV]
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A bank robber dubbed the “Skateboard Bandit” is still free after hitting two Wells Fargo Banks in Sacramento, California last Saturday April 25, 2009.
The suspect was caught on surveillance cameras at both banks. He’s described as an Asian male, 20 to 30 years old, 5’5″ to 5’8″ tall, and weighing between 135 and 145 pounds. He has black hair and was wearing glasses, a black zip-up hooded sweatshirt, a black tee shirt, a black beanie with a brim, and black cotton gloves with the fingers cut off at the knuckles.
The Sacramento County Sheriff’s Department would like help if you recognize this skateboarder. . .
[Link: CBS13.com]
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For the rest of Jared Souney‘s compelling interview with one of snowboarding’s most progressive snowboarders both on and off snow. Oddly, at the end of the interview Benedek says something that Souney apparently missed: “You guys know how it is. Anything past the four minute mark and you just zone out.”
For the rest of David Benedek’s 14 minute conversation click the link.
[Link: YoBeat.com]
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Two lawsuits brought against Zumiez by shareholders have been dismissed according to a story in the Puget Sound Business Journal.
The Everett retailer of youth clothing (NASDAQ: ZUMZ) said one suit was dismissed with prejudice by the U.S. District Court for the Western District of Washington. The suit claimed that Zumiez and its officials made materially false or misleading statements during March 14, 2007, to Jan. 4, 2008, and engaged in insider trading. . . Zumiez added that a related shareholder action that was filed in Snohomish County was also voluntarily dismissed.
But that wasn’t enough to keep UBS from downgrading the company from neutral to sell.
[Link: Puget Sound Business Journal]
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According to a news release posted yesterday on the SIMA website the 12th Annual Surf Summit has been “post-poned” due to fears over Mexico’s latest export to the United States: Swine Flu.
As of yesterday afternoon, April 27, 2009, the Center for Disease Control has recommended that people avoid all non-essential travel to Mexico at this time. The health and safety of the SIMA Surf Summit attendees and staff are our first priority. . . . SIMA Surf Summit 12 is NOT cancelled, only postponed from the May 6-9 dates. SIMA is working now to determine new event dates for the near future when the situation is better contained and it is safe to travel. New event dates will most likely be announced later this week.
In other words don’t go asking for your money back just yet. Seems like members of the surf industry really could go anywhere to talk, drink, and spend a couple afternoons swimming in pools of their own urine. Couldn’t they?
[Link: SIMA]
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Looks like the economy can’t keep a good company down as Billabong’s stock price has closed above $10 for the first time since December 2008, according to a story on Goldcoast.com.au.
The Burleigh-based company has been riding a wave of renewed optimism that the US market has finally turned the corner, punctuated last weekend by rosy comments from US President Barak Obama’s economic adviser Lawrence Summers.
Wait, we leave the keyboard for a couple days and the recession is already over? We should go outside more often.
[Link: Goldcoast.com.au]
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Thirteen years ago the futurist Nicholas Negroponte, in his book Being Digital dove right into the difference between bits and atoms and what it meant to the future of business:
While we are undoubtedly in an information age, most information is delivered to us in the form of atoms: newspapers, magazines, and books (like this one). . . .As one industry after another looks at itself in the mirror and asks about its future in a digital world, that future is driven almost 100 percent by the ability of that company’s product or services to be rendered in digital form. If you make cashmere sweaters or Chinese food, it will be a long time before we can convert them to bits.
And while we are amazed that it has taken this long, Source Interlink’s recent chapter 11 filing is nothing more than the latest example of digital killing off the old way of doing business. Strangely, the people behind Action Sports Group’s (Surfer, Snowboarder, Skateboarder, etc. . . ) parent company are over-joyed that they drained their investors’ pockets down next to nothing before deciding to “take the company private.”
“We couldn’t be more pleased,” Source Interlink CEO Greg Mays said in a statement. “This restructuring will materially reduce our interest expense and debt levels, substantially improve free cash flow and allow us to capitalize on several operational opportunities to further improve and grow our business.”
We don’t know how optimistic we’d be with a company whose CEO is overjoyed to be filing for bankruptcy. Good thing Ron Burkle has billions of dollars, because they’re going to need it.
[Link: Folio Magazine]
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Burton announced yesterday they have have hired Mike Rees as CFO of Burton Corporation. Rees, who spent the last 16 years working with VF Corp, has an impressive CV including stints at both Reef and Eagle Creek. But there was one one bit of experience that we found especially interesting:
In his early days as a CFO at VF’s Outlet division, he was responsible for the financial operations of approximately 60 retail locations while taking on additional work as the General Merchandise Manager.
We’re guessing those skills are going to come in very handy sooner rather than later. Follow the jump for the entire press release. [click to continue…]
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