ASB Magazine: The fate of Billabong International edged a step closer today with the securities the “Company” placed in a trading halt, pending the release of an announcement by Billabong. Unless the ASX decides otherwise, the securities will remain in Trading Halt until the commencement of normal trading this Thursday, 9 May 2013, or when the announcement is released to the market. Via Press Release
ASB Magazine: The Surf Industry Manufacturers Association (SIMA) has announced the recipients of its Emerging Brands Committee for 2013. The mission of the Emerging Brands Committee is to create a sustainable business mentoring service focused on accelerating the aspirations of the surf industry’s early stage entrepreneurs. The 2013 Emerging Brands Committee consists of five SIMA member brands including ambsn, Captain Fin, Raen Optics, Roark and The People’s Movement.
ASB Magazine: A slowdown in international sales offset gains made domestically during the first quarter for Sanuk USA, part of Deckers Outdoor Corporation, with first-quarter sales down 4.4% to US$30.9 million. Domestic sales rose during the quarter, while international sales—mainly in Asia—fell. The company now expects to see sales growth for the year up 10% to 13%, down slightly from initial guidance of 15%. Sanuk had net sales of $94 million last year.
ASB Magazine: Oakley is taking its Oakley Surf Shop Challenge for the first time to Europe, starting with France and Spain: The employees of five selected surf shops from southwest France and two from the rest of the country face one another and the team of a selected English store on the waves of Anglet between June 6 and 7. Then, on June 9 and 10, the teams of five shops in the Spanish Basque region and two from the rest of Spain will compete against each other and a Portuguese surf shop off the coast of San Sebastian. The winners of the two competitions will then battle against each other to become the European Oakley Surf Shop Champion, which will be invited to the ASP WCT Oakley Pro in Bali. The contests will be staged in a fun atmosphere where the public will be able to support their favorite shop and see Oakley’s latest innovations. The brand has been staging a national Oakley Surf Shop Challenge on the beaches of Southern California every year since the 1980s. It has evolved over the years to include seven qualifying region events, culminating last year in the surf championship in Bali.
ASB Magazine: GLM Shows and IMG Worldwide have broken off a deal the two companies made just over two months ago to hold a combination trade and consumer show in conjunction with the U.S. Open of Surfing in July in Huntington Beach, CAL. GLM Shows and IMG Worldwide broke off a deal the two companies made just over two months ago to hold a combination trade and consumer show in conjunction with the U.S. Open of Surfing in July in Huntington Beach, California. After owners of the U.S. Open, IMG Worldwide, refused to allow GLM to charge admission to the public during the Boardroom International Surfboard Show, scheduled July 23-27, simultaneous with the surfing competition, GLM and IMG ended the partnership.
ASB Magazine: VF Corporation reported its financial results for its first quarter ended March 30, 2013. In particular, management discussed the performance of Van, which continues to be the darling of its Outdoor Coalition. Steven E. Rendle - Group President of Outdoor & Action Sports Americas and Vice President, said that Global revenue for Vans in the first quarter was up 25% with strong double-digit growth in all three regions, including both the wholesale and direct to consumer businesses. Vans revenues were up 30% with similar wholesale growth and direct to consumer growth north of 40%. In the first quarter, Vans Europe revenue was up more than 30%. Vans Asian business grew more than 20%.
09:01AM / Torquay / Vic / Aus
