Sponsors
Billabong ▲ +0.005 | PPR ▼ -7.45 | American Apparel ▼ -0.007 | The Buckle ▼ -0.26 | Columbia ▲ +0.02 | Deckers Outdoor ▼ -2.73 | Dicks ▼ -0.30 | Foot Locker ▼ -0.28 | Genesco ▼ -0.20 | Iconix Brand Group ▼ -0.23 | Jarden Corp ▲ +0.60 | Nordstrom ▼ -0.48 | Luxottica ▼ -0.38 | Nike ▲ +0.28 | Pacific Sunwear ▼ -0.12 | Skullcandy ▼ -0.05 | Sport Chalet - 0 | Urban Outfitters ▼ -0.44 | VF Corp ▲ +0.41 | Quiksilver ▲ +0.05 | Zumiez ▼ -0.75 | Macys ▼ -0.35 | Tillys ▼ -0.12 |
Ticker Sponsor
Professional Services
Friedman Stroffe & Gerard, P.C.

FSG’s Action Sports Practice Group provides legal services to the action sports industry. Our clients include surfers, skiers, snowboarders and skaters, as well as sponsors and leading apparel companies. Our attorneys serve in positions with industry organizations such as the Association of Surfing Professionals. We know your business and can provide full-service legal solutions to meet your organizational needs.

More Professional Services...
Readers Say
The most up-to-date information
The most up-to-date information

“Shop-Eat-Surf is a great source for the most up to date information of what is going on in our industry. I always enjoy reading the articles and appreciate the effort from Tiffany and her team."

- By Richard Woolcott, CEO and Founder, Volcom
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
Industry Insight

SIA: State of the snow industry videos. TAYLOR DIGITAL: Website tools to increase sales.

Details on Industry Insight.


Tiffany Montgomery
Print This Article

Volcom acquires Japanese distributor

By Tiffany Montgomery
September 02, 2008 5:52 AM

Volcom announced this morning that it has signed an agreement to buy its Japanese distributor as the company moves to bring another international region in-house.

Chairman and CEO Richard Woolcott has said repeatedly that the company's sees big growth potential internationally. I remember at Volcom's shareholder meeting earlier this year, one of the slides showed a map of the world, which Richard called the "opportunity slide."

Volcom has brought an international outside operation in-house before. Volcom now runs its European business (previously a licensee) itself and has built its own infrastructure there, which allows the company to better control its product, image and distribution.

In Japan, Volcom plans to retain the distributor's employees. Volcom has worked with the distributor for 15 years.

"Acquiring our Japanese distributor is part of Volcom's international growth strategy, and we look forward to further enhancing our presence throughout Japan," Richard said in a statement.

The purchase price was not disclosed in the press release.

Richard has also said several times that he wanted to keep the company's cash available to take advantages of opportunities during the economic downturn. This is Volcom's second buy of the summer. Last month, the company announced it is acquiring Laguna Surf & Sport's two stores.

In the quarter ended June 30, Volcom had $70.6 million in cash.


Articles You Might Have Missed