Billabong’s CEO Launa Inman has been ousted and replaced with Scott Olivet, a former Oakley executive and previous Nike executive, apparently as part of a new plan lead by potential funding from Altamont Partners. So, the saga continues for the beleaguered surf brand, which also sold its last greatest asset, DaKine for Australian $70 million. […]
Tag: retailers
Retail Round-up: Potential Alternative Financing for Billabong, DaKine Sold for A$70 Million; VF Corp Q2 Results Raises Full-Year Guidance; Outdoor and Action Sports Up 6%
Retail Round-Up: Teen Retail Chain Rue 21 Sold for $1.1 Billion; Zumiez Down 44.4%; Urban Outfitters, Aeropostale, American Eagle All Slump; Abercrombie & Fitch Hammered
Retail’s been getting hammered lately with the blame-game stemming from weird weather patterns and therefore less demand on in-stock apparel items, to buyouts happening as fast as young people switching favorite social networks. First, Rue 21, the teen retailer with an estimated 900 stores, has entered into an agreement to get purchase by Apax Partners, […]
The New Tribes of Skateboarding: A Fractured Industry Opens Doors to New Styles, Brands, and Streetwear Crossovers in the State of Skate
With more than 350 people packing the Mandalay Bay conference room for Label Networks presentation “Action Sports and Streetwear: Youth Culture Influences Creating New Platforms Across Industries” at MAGIC/S.L.A.T.E./Project fashion trade shows on August 20, 2012, it confirmed that there are many brands and retailers with questions and ideas about the changing state of action […]
Retail Round-Up: Versace X H&M Debuts to Huge Crowds, Now Onto Marni; American Apparel President Resigns; Adidas, Nike, H&M, Puma, and Others Launch Zero Discharge 2020
H&M and their last masstige collaboration with Versace sent crowds into a frenzy for the limited-edition items.Just as the fast fashion highstreet giant H&M debuted their designer collaboration with Versace to huge fanfare and crowds at most stores as the limited-edition collection went on sale a few weeks ago, today they announced their next collab: […]