{"id":51393,"date":"2017-05-22T17:43:46","date_gmt":"2017-05-23T00:43:46","guid":{"rendered":"http:\/\/www.boardistan.com\/?p=51393"},"modified":"2017-05-23T20:49:28","modified_gmt":"2017-05-24T03:49:28","slug":"surfstitch-closing-us-office","status":"publish","type":"post","link":"http:\/\/www.boardistan.com\/?p=51393","title":{"rendered":"SurfStitch Closing US Office Amid Losses"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-thumbnail wp-image-50418\" src=\"http:\/\/www.boardistan.com\/wp-content\/uploads\/2016\/09\/surfstitch_logo-200x39.jpg\" alt=\"\" width=\"200\" height=\"39\" srcset=\"http:\/\/www.boardistan.com\/wp-content\/uploads\/2016\/09\/surfstitch_logo-200x39.jpg 200w, http:\/\/www.boardistan.com\/wp-content\/uploads\/2016\/09\/surfstitch_logo.jpg 232w\" sizes=\"(max-width: 200px) 100vw, 200px\" \/>Australian retailer <a href=\"http:\/\/www.boardistan.com\/?s=surfstitch\"><strong>SurfStitch<\/strong><\/a> (formerly partially owned by <strong>Billabong<\/strong>) is&nbsp;expecting its losses to double this year, according to a story on <a href=\"http:\/\/www.skynews.com.au\/business\/business\/company\/2017\/05\/23\/struggling-surfstitch-to-close-us-office.html\"><strong>Sky News<\/strong><\/a>. In what has been <a href=\"http:\/\/www.boardistan.com\/?p=50417\"><strong>one piece of bad news after another<\/strong><\/a>, the company&nbsp;will also be closing their US office a.k.a&nbsp;<strong>Swell.com.<\/strong><\/p>\n<blockquote><p>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. . .&nbsp;The company now expects a loss of between $10.5 million and $11.5 million for its 2017 financial year.<\/p><\/blockquote>\n<p>Guess&nbsp;<a href=\"http:\/\/www.boardistan.com\/?p=50820\"><strong>the suits<\/strong><\/a> haven&#8217;t been able to turn the retailer around like they&#8217;d hoped.&nbsp;<\/p>\n<p><strong>[Link: <a href=\"http:\/\/www.skynews.com.au\/business\/business\/company\/2017\/05\/23\/struggling-surfstitch-to-close-us-office.html\">Sky News<\/a>]<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Australian retailer SurfStitch (formerly partially owned by Billabong) is&nbsp;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&nbsp;will also be closing their US office a.k.a&nbsp;Swell.com. SurfStitch on Monday announced that weak apparel and footwear sales in its key [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[10,16,12],"tags":[],"_links":{"self":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/51393"}],"collection":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=51393"}],"version-history":[{"count":4,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/51393\/revisions"}],"predecessor-version":[{"id":51407,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/51393\/revisions\/51407"}],"wp:attachment":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51393"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51393"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51393"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}