Sponsors
Billabong ▼ 0.000 | PPR ▼ -2.15 | American Apparel ▲ +0.003 | The Buckle ▼ -0.78 | Columbia ▼ -0.28 | Deckers Outdoor ▼ -1.26 | Dicks ▼ -0.82 | Foot Locker ▼ -0.38 | Genesco ▼ -1.41 | Iconix Brand Group ▼ -0.16 | Jarden Corp ▼ -0.26 | Nordstrom ▼ -0.67 | Luxottica ▲ +0.34 | Nike ▼ -0.59 | Pacific Sunwear ▼ -0.05 | Skullcandy ▲ +0.07 | Sport Chalet - 0 | Urban Outfitters ▲ +0.05 | VF Corp ▼ -0.63 | Quiksilver ▼ -0.06 | Zumiez ▼ -0.17 | Macys ▼ -0.30 | Tillys ▼ 0.00 |
Readers Say
Always a good daily read
Always a good daily read

Shop-Eat-Surf creates a good source of timely information about the industry. The site makes all types and size companies feel part of a community where everyone is stoked to hear about other companies successes and ideas. It is always a good daily read.

- By Ted Li, VP of North America, Oakley
I require all our executives to read it
I require all our executives to read it

There is no better publication that I am aware of that is so accurate and on top of any news and developments in our industry. I personally recommend it to many people that want to know and understand more about our industry. For the most part, shop-eat-surf.com gets the stories first. As a matter of fact, I require all the executives in our company to read it.

- By Hezy Shaked, President & CEO, Tilly's
Industry Insight

CFA, WELLS FARGO: Invitation to next "Crystal Ball" breakfast session, "Private Label vs Branded Manufacturing."

STOKES ME: SIMA Humanitarian Fund campaign kicks off this week with "Add-A-Buck" promotions in 76 core-store doors.

Details on Industry Insight.


Tiffany Montgomery
Print This Article

Sole Tech experiences more layoffs

By Tiffany Montgomery
February 07, 2009 6:56 AM

I've received several emails about Sole Tech layoffs this week, so I checked with company spokeswoman Brenda Springer. 

She confirmed the layoffs, but did not provide the number of positions that were eliminated. 

Here is what Brenda said about the job cuts:

"As you know, when retailers face setbacks in their business, we feel the impact. Restructuring is never a fun topic; in fact, it's not a topic we even want to discuss because it is pretty painful to go through.

"We did experience layoffs. What's important for people to know is that compared to other players in the industry, we're actually faring well and the restructuring that took place today did not carry the same weight that we've seen recently from others action sports companies.

"The benefit of working for Sole Technology is that it is privately owned and does not have to meet the aggressive demands of shareholders. (Owner) Pierre (Senizergues) is a businessman who is focused on cultivating a sustainable business. He has invested wisely and has planned for the long term - Sole Technology remains steady and stable.

"Retailers are challenged and our focus right now is trying to get out there and support them as best as we can. We have some exciting products hitting the market, we have some amazing riders on board who are bringing energy to our brands and elevating skateboarding - we're staying positive despite some of the tough decisions the industry has had to face as of late."

 

Airfare.com - Flights, hotels and more!

 


Articles You Might Have Missed