ROTH investor conference is Sunday - Wednesday. Implications of a new tax on some high net-wealth individuals from Moss Adams Capital. "The Legacy of Bing," next up at SHACC. Details on Industry Insight.
Before that, he was the publisher of Surfing Magazine where he worked for 30 years, starting as a sales rep.
I asked Bob to weigh in on the PacSun distribution issue. Here's what he had to say:
"There's value in asking the question, although it will never happen because of Hollister. If PacSun went 100 percent private label in men's, it wouldn't be different as it is now. The surf and skate brands in PacSun are aggressively and smartly marketed by the brands. It's too late for PacSun to get into the youth brand marketing game with a high degree of authenticity."
"A better question is how will the surf and skate brands replace the juniors business at Pac Sun? Many of the surf and skate brands are public companies and they can't simply hide the reduction in sales in their financial information. They need to replace it with a long-term approach. If PacSun continues moving further away from surf and skate brands in juniors, the brands will put their foot on the gas pedal by expanding distribution to more stores that compete with PacSun, including accelerating the growth of company-owned stores."