On July 18, Orange 21 (Spy Optic) amended its licensing agreement with Rose Colored Glasses (Mary J. Blige’s company). The amendment provides “…for an earlier expiration of the Company’s license to sell Mary J. Blige (“MJB”) branded sunglasses (the “License”) on March 31, 2012.” For this, they paid Rose Colored Glasses $1,000,000 at signing and issued a non-interest bearing promissory note for $500,000 that’s due March 31, 2012. The filing only provides about More…
Archive for July, 2011
Orange 21 Revises Its Mary J. Blige Licensing Deal; It Will Terminate Early
Friday, July 29th, 2011Trade Shows Re Re Re Re Re Visited; I Got an Idea. A Couple Actually. Hope One is Good.
Saturday, July 23rd, 2011Since ASR closed, and before that actually, we (well, me at least) have been struggling to figure out the role of trade shows as the economy, technology, and the industry changed. How do you get retailers to attend shows (paying them isn’t a good long term strategy)? Should consumers be involved somehow? What sports and products should be represented? Are shows about buying, or networking, or seeing new product or all of those or More…
Dick’s Sporting Goods; Insights into the Development of the Action Sports Retail Environment
Tuesday, July 19th, 2011Never thought I’d be looking to Dick’s for that. Dick’s, which has been around since 1948, had revenue of $4.9 billion in 2010 from 525 stores. The 444 Dick’s stores are around 50,000 square feet each though there are some two level ones that go up to 75,000 square feet. The 81 Golf Galaxy stores are between 13,000 and 18,000 square feet. The word action sports isn’t mentioned anywhere in their most recent 10K. More…
Tilly’s is Going Public- A First Look at Their Registration Statement (S-1)
Monday, July 11th, 2011Tilly’s started in 1982 with a single store in Orange County, California. The company name is World of Jeans & Tops, but it does business as Tilly’s. It was founded by Hezy Shaked and Tilly Levine. As of April 30 2011, they had 126 stores in 11 states averaging 7,800 square feet each. They filed last week for their initial public offering. As is normal, the initial filing has some important blanks not filled More…
Skullcandy: The IPO is Moving Forward
Thursday, July 7th, 2011Skullcandy filed another amendment to their S-1 today with many of the blank spaces from the previous iterations of it filled in as the next step in their initial public offering. It appears they postponed it due a rough patch in the market. Smart. They list the maximum offering price as $19 a share. They are registering 9,583,334 shares and if they sell all of those, the offering will raise a More…
There Is No Action Sports Industry. Or Maybe It’s the Same as its Always Been
Friday, July 1st, 2011Sometimes I just can’t help myself. Many years ago, I wrote an article called “Are There Any Core Shops Left?” My good friend and editor at the time Sean O’Brien thought enough of it to put it on the Transworld web site for discussion. Without telling me. In hindsight, his instincts were good, but I was the slightest bit confused when I started seeing posts and getting emails that either told me how smart More…
