In a 10b5-1 prearranged stock sale Richard “Wooly” Woolcott reported that he sold 11,104 shares of Volcom stock at about $25 a piece netting him a $277,000 after Christmas bonus. He squeaked that in under the 2007 tax year.
[Link: Forbes]
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It’s the grunge comeup. Vans Syndicate had teamed up with the “Portland based wool mill, Pendleton” for some flyin’ the flannel Vans.
[Link: Slamxhype]
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The Quiksilver Foundation, a tax-releif/philanthropic arm of Quiksilver Inc, has funded the creation of a community health training centre at Katiet, in the Mentawai Islands, off Indonesia’s West Sumatran coast.
SurfAid Founder and CEO, Dr. Dave Jenkins, said the opening of the centre was the culmination of a long and successful partnership with Quiksilver. “The Quiksilver Foundation has been supporting SurfAid’s relentless pursuit of cost effective results that create lasting change and break the cycle of poor health and health behaviors that have been part of Mentawai life for up to 5000 years,” he said.
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In a press release sent out to the action sports industry yesterday, Burton Snowboards has announced that it has learned that Burton product is now appearing on Overstock.com and at your local Costco Warehouse. But of course, they are on top of it, according to a release posted on TransworldSnowboarding.com
Burton’s new policies were already put to the test this season when unauthorized products were uncovered in the U.S.-based Costco chain and at discount online retailer Overstock.com. In addition, unauthorized European dealers were found with product that originated in the U.S. Burton acted immediately to discover the sources of these sales and terminated two U.S. accounts.
We have no reason for our feelings of skepticism other than the fact that products show up in Costco and/or Overstock for two reasons: 1. Because manufacturers sold them the product because they like the distribution, or 2. Because the manufacturer has over-produced for the market. Either way, it’s the manufacturer who is responsible and no one else. “Terminating two U.S. accounts” just looks to us like a classic case of blame shifting.
[Link: Transworld Snowboarding]
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Why wouldn’t one of the trendiest clothing companies in action sports build their first retail store on the most famous corner in San Francisco (Haight and Ashbury)? No reason, according to a story in TransWorld Business.
According to RVCA Founder Pat Tenore, the diverse subcultures still found in the neighborhood make it the perfect landscape for the brand’s first retail location. “I grew up in the Bay Area and have always had a big spot in my heart for San Francisco,” Tenore says. “The city has everything—art, music, surfing, and skateboarding. It’s home to a lot of the cultures and subcultures in which RVCA and the Artist Network Program are involved with.”
Exactly.
[Link: Transworld Business]
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As if the Rossignol part of the Quiksilver purchase wasn’t enough, the Cleveland Golf numbers were a huge drag on Quiksilver’s otherwise strong position in the sports marketplace. Now, it appears Quik can become even lighter on its feet now that it has announced the sale of Cleveland Golf to SRI Sports Ltd of Japan for a reported $132.5 million.
Quiksilver Chief Executive Robert McKnight said in a statement that Cleveland Gold was “not a strategic asset for us as we strive to maximize our core businesses and brands.”
How right he is.
[Link: Reuters]
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Don’t really need so say much more than this. Be there
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Is it still a surf brand? Was it ever? What does the future hold? Nike has announced that Roger Wyett, 51, is the new CEO of Hurley. Here is his bio:
Wyett brings to Hurley more than 25 years of experience in the apparel industry, including seven years at Nike. Wyett first joined Nike in 1994 and held a number of key senior apparel roles in soccer and Nike Team Sports before leading Global Product Creation. Before joining Nike, he worked in the apparel industry in Los Angeles for 14 years, including five years at Puma USA.
We don’t know the guy, but ah. . . we’ll just leave it at that.
[Link: Boardsports Source]
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Yep. If you’re a snowboard shop in Chicago and you sell Burton product get ready to be put in the submission hold until you tap out. Burton will do retail better than you do. Don’t say you weren’t warned.
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It didn’t look that big to us, however, according to ASR official the fall 2007 Show in San Diego was big. Some said it was due to the new “moto” section, but we’re not sure. Follow the jump for the entire press release.
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