VAS and Burton have extended their video distribution partnership for a third year. VAS will be Burton’s exclusive worldwide media partner and distributor for their upcoming film, directed by Brad Kremer.
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“60 Second Sell” is a new TransWorld Business column that gives sales reps the chance to show their brand’s latest products in a minute or less. Submit your clips at business@transworld.net for a chance to get featured on Transworldbusiness.com.
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President Obama voiced his determination yesterday to help ease the financial struggles of small businesses impacted by the recession.
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Quiksilver have announced Styling from Bilbao, Spain as the winner of the Eddie window and product promotion campaign for Europe.
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Zappos and DSW Inc. have settled a lawsuit related to collaborative Web marketing using the DSW name. Terms of the settlement were not released.
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Active Rideshop will be closing “less than 10 shops” within the next few weeks, according to company President Shane Wallace. Here is a brief explanation from Wallace:
“We are closing non profitable stores and have a re-organization plan in place to survive this new economy,” Wallace said via email. “We will close a total of less than 10 stores before April 1, 2009.”
Active currently lists 25 shop locations on its website, including several new store openings in the past year, such as the Chino Hills location.
TransWorld Business will have a more in-depth look at the future of Active Rideshop soon.
SnowSports Industries America releases attendance numbers for the Vegas’ last hooray .
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The season’s efforts to get out of the office and get clients into the elements to experience our sports first-hand wraps up.
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Luxxotica Group, parent company of Oakley and Sunglass Hut, reported fourth quarter sales were up 4%, to $1.58 billion compared to $1.51 billion, while earnings dropped 44.2%, according to a statement released Thursday, March 12. On a per share basis in dollars, earnings fell to 16 cents a share from 31 cents.
The company also posted results for 2008, which reflected a 4.7% sales increase, and a 17.6% decrease in earnings, according to the company report. Luxottica Group CEO Andrea Guerra had this to say:
“‘We closed 2008, a particularly challenging year, with all-time high consolidated sales of over Euro 5 billion, net income of nearly Euro 400 million and free cash flow of Euro 300 million.We successfully completed the first full year of working with Oakley and laid the foundation for Luxottica’s long-term growth, even through a period as difficult as the one we are now facing.’”
In its outlook for 2009, Luxottica also announced the further expansion of the Oakley brand, including further development of womens’ lines, new technology.
Download the full report HERE, or view a summary HERE.
In addition to the trend report in our March issue, the online product preview for Fall 2009 footwear takes a broader look at brands across the board.
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The Biz Network is a collection of content from hand-picked personalities and organizations across the action sports industry. It's the ultimate source for behind-the-scenes perspective on the issues and events shaping our business. Look for more channels to be added soon.
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October is here and TransWorld Business has an issue full of useful business insight, relevant news, and hot industry topics.
Subscribe to TransWorld Business| DJIA | 10397.36 | |||||||
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| Zumiez Inc. | 11.21 | |||||||
| Abercrombie & Fit | 38.82 | |||||||
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