Sponsors
Billabong ▲ +0.005 | PPR ▲ +4.00 | American Apparel ▼ -0.008 | The Buckle ▲ +1.45 | Columbia ▲ +0.05 | Deckers Outdoor ▼ -2.11 | Dicks ▲ +0.17 | Foot Locker ▲ +0.45 | Genesco ▲ +0.50 | Iconix Brand Group ▲ +0.46 | Jarden Corp ▲ +3.29 | Nordstrom ▲ +0.73 | Luxottica ▲ +0.87 | Nike ▲ +0.51 | Pacific Sunwear ▲ +0.02 | Skullcandy ▲ +0.29 | Sport Chalet - 0 | Urban Outfitters ▲ +0.65 | VF Corp ▼ -0.43 | Quiksilver ▼ -0.20 | Zumiez ▲ +1.02 | Macys ▲ +0.77 | Tillys ▲ +0.15 |
Ticker Sponsor
Readers Say
Since the inception of Executive Edition, I only need 1 stop
Since the inception of Executive Edition, I only need 1 stop

As a retailer in the surf industry for the past 21 years, I have had to use multiple sources to stay informed to the news within surf. Since the inception of the Executive Edition of Shop-Eat-Surf.com, I need only one stop. Thanks for providing such a valuable tool to all of us in the industry. Shop-Eat-Surf is a must read for all of our staff at Maui Nix.

- By George Karamitos, CEO, Maui Nix
It pertains to my business
It pertains to my business

I’m an avid reader of Shop-Eat-Surf because it’s really the only online newsletter that I have found that is not only industry related, but also because it’s not so “guy-centric.” I find that a lot of the information I read on the site pertains to my business (as a swimwear designer) and keeps me up to date on what other companies and other women in the industry in general are doing which is not only inspiring but also helps me gauge the future direction of my business as well.

I feel privileged to read the Executive Edition because I know I am getting insider industry information before it hits the mainstream media channels. And it’s always good to know what my friends are up to in the industry.

- By Monica Wise, Founder, L*Space
Industry Insight

TAYLOR DIGITAL: Website tools to increase sales. SURFRIDER: Rise Above Plastics campaign.

Details on Industry Insight.


Tiffany Montgomery
Print This Article

Shane Wallace on new store and cash flow

By Tiffany Montgomery
September 09, 2008 6:07 AM

I stopped by the new Active store in San Diego during ASR. The store, adjacent to Petco Park, is large and open, with a cool industrial feel.

I exchanged emails with co-owner Shane Wallace about the new store and others on the way. I also asked him about Active's slow payment of bills to vendors and the search for a financial partner.

Shane told me the San Diego store has been well-received so far. The company also re-located and opened its Chino store yesterday, and Active is on track to open Thousand Oaks and Huntington Beach in the next 90 days. Shane also said Active's direct-to-consumer business has been strong.

Active Store in San DiegoAll the growth without a financial partner has made it difficult to pay vendors on time, however. I asked Shane if Active's been able to work out payment arrangements with vendors. Below, Shane addresses that issue.

"Over the past 12 months we have had to adjust to a difficult economy in Southern California. During the past 12 months we developed/launched a first class corporate headquarters and distribution center, ERP system, and made other substantial capital investments into our business.

"We opened eight retail stores and re-located two of our existing stores in the past 12 months, without any financial partners. To answer your question, yes, we have been paying slow to our vendors and yes, all of our vendors are more than satisfied with our plan. We are fine and we are excited to continue our (vision) to become the best multi channel retailer."

Is it accurate to say you are close to a deal to bring on a partner?
"Yes, we are diligently going through the process to solidify a deal with a partner to support our business plan and vision. Like I stated in the DNR article, by this time next year we will have a great partner and a plan to continue the vision we all share at Active."


Articles You Might Have Missed