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LA Times: Michael Tomson arrested after car crash
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Inc. Magazine: "The Way I Work: Yvon Choinard"
OC Weekly: Profile of Pelle Klein, founder of skate startup Costa Misery
NYT: Profile of PPR CEO Francois-Henri Pinault
NYT: Obama picks REI CEO to lead Interior Department
► Industry Insight
Grain Surfboard Building Class at SHACC Jul. 31-Aug. 3
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- By Andy Laats, President, NixonExecutive Edition is a must have
Before Shop-Eat-Surf, there were two sites I paid for premium content on. One is Surfline, the other is the Wall Street Journal. One is about all things surf, the other, the best business content site in the world. Shop-eat-surf is the intersection of those two worlds. Shop-Eat-Surf provides everything from coverage of events, people, brands and trends. However, beyond the Executive Edition "wall" is more meaty analysis and interpretation of financial statements, business models and brand philosophies; why certain brands and companies are succeeding, where others aren't. The Executive Edition is a must have read if the business of surf and action sports are on your radar screen.
- By Jeff Berg, Co-owner, SurflineJuniors bounces back at Nordstrom in Q2
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August 15, 2008 6:00 AM
- Women's apparel has been the toughest category but the company is seeing some strength in contemporary and juniors.
- Premium denim is still doing well and swim did a little better this summer than last summer.
- The men's business has become challenging in the last month or so, especially in clothing and furnishings.
- Nordstrom customers are spending less but not trading down, the company said.
- Total sales fell 4.3 percent while same-store sales fell 6 percent for full priced and Rack stores combined. Net income fell 21 percent. The toughest pieces of the business are California and women's apparel.
- The company expects third quarter same-store sales to be down 4 to 6 percent.
- Increased markdowns are hurting margins.
- The company lowered its profit outlook for the year. Earnings per share are now expected to be in the range of $2.55 to $2.65, down from $2.65 to $2.80.
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- Surf Expo’s Board Demo Day expected to break records
- Anthony Cazottes named Electric’s managing director of Europe, Arab Emirates and Africa
- SIMA announces 2013 Waterman's Weekend beneficiaries
- OTZ Shoes, Inc. inks multi-year Italian distribution deal with Artscrafts International S.p.A.
- Lib Tech announces Skate Leg Tour for Vancouver BC
