Sponsors
Billabong ▼ -0.020 | PPR ▼ -1.05 | American Apparel ▼ -0.036 | The Buckle ▲ +0.14 | Columbia ▼ -0.73 | Deckers Outdoor ▼ -1.21 | Dicks ▼ -0.11 | Foot Locker ▲ +0.97 | Genesco ▼ -0.58 | Iconix Brand Group ▼ -0.12 | Jarden Corp ▼ -0.05 | Nordstrom ▼ -0.20 | Luxottica ▲ +0.40 | Nike ▲ +0.24 | Pacific Sunwear ▼ -0.04 | Skullcandy ▼ 0.00 | Sport Chalet - 0 | Urban Outfitters ▲ +0.01 | VF Corp ▼ 0.00 | Quiksilver ▼ -0.02 | Zumiez ▲ +0.11 | Macys ▼ -0.01 | Tillys ▲ +0.12 |
Ticker Sponsor
Readers Say
Keeps me in the loop
Keeps me in the loop

Being an Executive Edition member allows me to not miss a beat when it comes to the Industry business news. Definitely keeps me in the loop plus goes great with my morning joe.

- By Tony Perez, Surfer and Surfing magazines
Useful on a daily basis
Useful on a daily basis

It's well balanced information that is useful on a daily basis. I'm very satisfied with the Executive Edition. I start each day with SES and a big cup of coffee!

- By Tom Ruiz, EVP Sales, Volcom
Industry Insight

CURVEXPO: Recap of the swimwear & lingerie show in Las Vegas.

SIMA: Save the Date invitation for Humanitarian Fund's STOKES ME Bowl-a-rama on Sept. 16.

Details on Industry Insight.


Tiffany Montgomery
Print This Article

Billabong invests in Australian online retailer

By Tiffany Montgomery
December 28, 2009 7:05 AM

Here’s some news from Billabong announced just before Christmas.

The company has a conditional agreement to acquire a minority interest in Surfstitch, an online retailer in Australia. The agreement gives Billabong an option to acquire 100% of the business.

The purchase price was not disclosed.

According to the Surfstitch website, Managing Director Lex Pedersen and two partners worked on the business for three years, and a new website launched in September 2008.

The goal was to carry a wider range of styles and sizes than most brick-and-mortar stores stock. Surfstitch.com carries 10,000 items from brands such as Billbong, Rusty, Volcom, Insight and more. It also has a store on the northern beaches in Sydney.

Billabong’s move comes on the heels of its acquisition of Australian online retailer Swell.com.

 

 

 


Articles You Might Have Missed