MOSS ADAMS CAPITAL: Apparel and foowear market monitor highlights notable deals, stock prices and results.
Details on Industry Insight.
Updated 11:05 a.m.: Ryan Sheckler's new clothing line for JCPenney is not related to his sponsorship with Etnies. The file photo I used earlier with Pierre Senizergues of Sole Tech and Ryan was from my archives, and not related to the JC Penney news.
Here is the release from JCPenney announcing new lines from Ryan Sheckler, Rusty and Third Rail from Zoo York.
‘RS By Sheckler,' ‘Rusty' and ‘Third Rail a Zoo York Production' Bring Authentic Action Sports Brands at Affordable Prices for Back-to-School
New Partnerships Strengthen JCPenney's Ability to Deliver Exceptional Brands to Consumers Nationwide
Thursday April 9, 2009, 8:00 am EDT
PLANO, Texas--(BUSINESS WIRE)--J. C. Penney Company, Inc. (NYSE: JCP - News) today announced the launch of three new brands for young men, RS By Sheckler, Rusty surf apparel and Third Rail a Zoo York Production - all available at JCPenney's signature smart prices. Catering to the emerging action sports lifestyle, these new surf and skate-inspired brands will be available in JCPenney stores and jcp.com starting July 11, arriving in time for the Back-to-School shopping season.
"Bringing newness and innovation to our floor, these exciting new brands further connect our strong base of young customers to an emerging action sports culture," said Ken Hicks, president and chief merchandising officer at JCPenney. "These partnerships underscore our commitment to deliver exceptional, stylish brands that respond to the needs of our customers, making aspirational surf and skate brands available at affordable prices that make sense for teens and their parents. These brands are exciting new additions to our compelling merchandise assortment, providing customers additional reasons to shop with us, and further positioning JCPenney as the leading destination for Back-to-School apparel."
The new brands will expand the Young Men's and Boy's department surf/skate lifestyle, joining JCPenney's strong collection of national, exclusive and private brands for teens such as Vans, Arizona, American Living, Levi's, Southpole, Avirex and the extension of Decree into Young Men's.
RS By Sheckler
Founded by Ryan Sheckler, professional skateboard icon and star of the MTV reality show "Life of Ryan," RS By Sheckler will feature skate-inspired graphic t-shirts, hoodies, thermals, woven tops and skate-fit denim for young men and boys. All mirroring Sheckler's signature style, the brand will be offered at JCPenney with items ranging from $26.00 for a tee to $55.00 for jeans.
Although Sheckler still endorses core companies in the skate industry, he seized the opportunity to create an affordable and accessible clothing brand that embodies his everyday style. Ryan Sheckler commented, "Skateboarding is my life and skating in something comfortable and stylish is a must. Ultimately, my goal was to take the clothes that my friends and I enjoy wearing and make them available to a larger audience at a great price."
One of the world's most renowned surf lifestyle brands, Rusty will bring its distinct style to a broader audience with a signature collection of graphic tees, shorts, boardshorts and hoodies for young men and boys. Known for its authentic surf roots, quality and innovative products, the brand will provide a fresh assortment to JCPenney customers, with items ranging from $26.00 for a tee to $55.00 for shorts and hoodies.
"We're excited to bring Rusty's rich surf heritage to one of the nation's leading department stores," said Toby Bost, chief executive officer of La Jolla Group. "Rusty is an iconic surf brand with one of the most recognizable logos in the industry. The Rusty collection for JCPenney will offer authentic, casual beach-inspired product that appeals to a diverse, aspirational and highly impressionable young audience. We are stoked to add JCPenney to our growing list of premier retail partners."
Third Rail a Zoo York Production
Exclusive to the JCPenney customer, Third Rail a Zoo York Production is a collection inspired by youth culture which will boast an assortment of edgy, graphic tees, woven tops, shorts, jeans and jackets for young men. Recognizing the synergies between urban apparel and the action sports consumer, this lifestyle brand is a unique blend of both worlds with items ranging from $26.00 for tees to $50.00 for jeans.
"By expanding our brand offerings to JCPenney, we are connecting more teens to the action sports culture," said Marci Tappers, president of Zoo York. "Partnering with such a well-known department store speaks to the success of our line and allows us to expand this action sports lifestyle to more customers at economical prices."
JCPenney is one of America's leading retailers, operating 1,101 department stores throughout the United States and Puerto Rico, as well as one of the largest apparel and home furnishing sites on the Internet, jcp.com, and the nation's largest general merchandise catalog business. Through these integrated channels, JCPenney offers a wide array of national, private and exclusive brands which reflect the Company's commitment to providing customers with style and quality at a smart price. Traded as "JCP" on the New York Stock Exchange, the Company posted revenue of $18.5 billion in 2008 and is executing its strategic plan to be the growth leader in the retail industry. Key to this strategy is JCPenney's "Every Day Matters" brand positioning, intended to generate deeper, more emotionally driven relationships with customers by fully engaging the Company's approximately 150,000 Associates to offer encouragement, provide ideas and inspire customers every time they shop with JCPenney.