The Sydney Morning Herald is quoting “sources close” to Billabong as saying that CEO Derek O’Neill will be “removed as CEO” soon thanks to “declining sales and rising debt,” but officially the company is denying that.
Billabong last night moved to quash rumors that embattled chief executive Derek O’Neill would soon be dumped by the board, amid growing concern among major investors about the surf wear company’s performance. . . Billabong chairman Ted Kunkel said last night: ”I categorically deny the suggestion.”
We’re going out on a limb to say that we think the board will do whatever they think is best for the stock.
The annual snow buying cycle is well underway and with it comes the nationwide on-snow demo tours. The Western Winter Sports Reps Association holds two separate events in California (in addition to their Northwest demo)—the Nor Cal demo was held at Alpine Meadows on Monday and Tuesday, February 6 and 7, 2012 and will end the week with two consecutive days for SoCal retailers at Mammoth Mountain on the 8 and 9th.
Though the WWSRA/SIA National Demo at Winter Park, Colorado was well attended, according to WWSRA Director Cami Garrison, this years buying cycle and subsequent demos have been a bit of an afterthought for many retailers struggling in the current season. “When I went to SIA we literally had only 40 people pre-registered for the Nor-Cal event,” she says. “But, as soon as we got back, bam—everyone started signing up.”
All told, Garrison had 256 people sign up ahead of time for the Alpine Meadows event and by the end of day one she gauged attendance at about 390. For $25 a person, retailers are able to test boards, boots, bindings, accessory items from the various rep and manufacturer booths set up in the parking lot at the base of the resort. The WWSRA also throws in free beers and a hot-dog lunch each day.
According to Derek Thompson story in The AtlanticVail Mountain’s revenue isn’t down at all this year. While we find that pretty hard to believe Vail Resorts CEO Robert A. Katz says that’s exactly how it is this year and that the reason revenue is not down is because Vail has made their business about much more than snowfall.
Vail and Whistler hedge against bad snow by turning skiers into members. “Just under 40 percent of our lift tickets come from season passes sold before the ski season begins,” Katz told me. For just under $700, skiers can buy the Vail Epic Pass, which offers total access to all six Vail Resort mountains.
In other words, Vail gets people to give them money ahead of time and then when no snow comes the resort doesn’t have to worry about it because they already got paid. Genius. And, since people have already paid they’re more likely to come stay in hotels and eat resort food even though the snow sucks. And that is reportedly good snow farming. . . or something. For the rest of the story, follow the jump.
Yesterday, we got to make a few laps with Burton’s Dave Downing and checked out the the new Anon M1 goggles with “Magna-Tech.” In the past swapping lenses usually resulted in fogged, smudged, and maybe even cracked lenses. We usually just get another pair of goggles before we swap out lenses. Those days are over with the M1. Magnets snap the lenses right into place just like that. . . rad.
Vans has now officially released what they are calling “skateboarding’s first-ever vulcanized cupsole shoe design.” And from what we’ve seen of this Andrew Allen model, the “wafflecups” are looking good. Here’s what Vans says:
Developed in four testing stages with Vans team riders Gilbert Crockett, Chima Ferguson, Andrew Allen and Chris Pfanner, the Stage 4 Low and Mid styles are the first to offer Vans’ revolutionary WAFFLECUP technology. WAFFLECUP combines the best of cup sole with its increased support and durability and the superior board feel and grip found in a traditional Vans vulcanized shoe. Simply, the best of both worlds.
Mountain High local Spencer Link topped riders like Yale Cousino, Scotty Vine, Trevor Jacob, Ian Thorley and Garrettt Warnick to take win the Cholula Triple Air Show at Southern California’s Mountain High. Link rode away with $5,000.00 in cash and a really, really large bottle of Cholula sauce. Follow the jump for the official word and complete results. [click to continue…]
Pretty much everything went as planned except that Kelly Clark did not win. In fact, after qualifying second behind Gretchen Bleiler with only one run in the pipe, she skipped her second qualifying run and did not start in the finals. Here’s what she had to say about pulling out.
“After taking a crash in semis practice yesterday I am not feeling 100% and am not going to compete in the finals tonight at the Canadian Open,” Clark said. “With many events left in the season, I need to rest up and make sure I can ride at my fullest potential in the contests to come.”
Spain’s Querald Castellet took advantage of Clark’s absence and rode away with the win. Japan’s Ryo Aono took the men’s pipe. And slopestyle was simply a continuation of the Chas Guldemond and Jamie Anderson show.
Follow the jump for more official details and complete results. [click to continue…]
Here it is: The official trailer for Think Thank’s 9th video Mind The Video Man. Starring: Jesse Burtner, Scott Stevens, Ted Borland, Chris Beresford, Sean Black, Sam Hulbert and welcoming to the Think Thank family; Curtis Woodman, Ryan Paul, Nial Romanek, Brandon Hammid, Kyle Lopiccolo, Brandon Reis, Jaeger Bailey and more.
“Mind The Video Man” explores progressive freestyle snowboarding with those in the vanguard and those about to make their mark, while asking the question, “What’s happening with the snowboard video, where is it going next and how will that impact our culture.” Follow the video man and his crew as they push the limits of possibility and progression through creativity in an attempt to create something of meaning that will stand the new media onslaught and the test of time. Mind the video, man.
The Sydney Morning Herald is quoting “sources close” to Billabong as saying that CEO Derek O’Neill will be “removed as CEO” soon thanks to “declining sales and rising debt,” but officially the company is denying that.
