Sponsors
Billabong ▼ -0.005 | PPR ▼ -2.20 | American Apparel ▼ -0.020 | The Buckle ▼ -0.85 | Columbia ▼ -1.34 | Deckers Outdoor ▲ +1.09 | Dicks ▼ -0.65 | Foot Locker ▼ -0.56 | Genesco ▼ -0.67 | Iconix Brand Group ▼ -1.22 | Jarden Corp ▲ +0.01 | Nordstrom ▲ +0.11 | Luxottica ▼ -0.58 | Nike ▼ -0.16 | Pacific Sunwear ▲ +0.07 | Skullcandy ▼ -0.12 | Sport Chalet - 0 | Urban Outfitters ▼ -0.44 | VF Corp ▲ +0.13 | Quiksilver ▼ -0.01 | Zumiez ▼ -0.33 | Macys ▼ -0.46 | Tillys ▼ -0.14 |
Readers Say
The first thing I look at
The first thing I look at

I find Shop-Eat-Surf to be a very useful and informative site that I enjoy browsing daily. Shop-Eat-Surf is the first thing I look at every morning to keep up-to-date on the latest talk, events, and happenings in the industry. I must say I am a fan of Shop-Eat-Surf.

- By Bobby Abdel, Partner, Jack's Surfboards
Executive Edition rules
Executive Edition rules

“Shop-Eat-Surf” is now officially, the first stop in the morning for industry news. Accurate reporting, no sensationalism, and just the facts. Refreshing support to an incredible industry with a very bright future. Tiffany has cemented her role in the industry....the site is thought provoking, and inspirational. Learning the stories of others is incredibly useful. Great way to connect the retail community with the wholesale and financial, instantly and nationwide. ... And the Executive Edition rules.

- By Bob Hurley, Chairman, Hurley International
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

Landlords sue No Fear

By Tiffany Montgomery
December 13, 2010 6:46 AM

The Los Angeles Times reported this morning that several landlords are suing No Fear for not paying its rent.

 

The newspaper said the Irvine Spectrum, The Block at Orange, and shopping centers in Arcadia, West Covina and Valencia have filed separate suits.

 

An attorney for No Fear cited the difficult economy for the trouble.

 

I asked Michael Pratt, EVP of Corporate Development, for comment on the story this morning, and asked him if No Fear would close stores. Here's what he had to say:

 

"I read the article and it is no secret that we are experiencing difficulties as a result of the challenging economy. As mentioned in the article, we opened a number of locations in a different leasing environment and we are working with all of our landlords to bring our rents in line with the current economic reality of our stores," he said.

 

"In certain cases, our landlords have taken legal action as part of normal course and in all cases we have settled those actions. We have not been evicted from any location and we currently have no plans to close locations other than in the normal course of business."

 

Michael previously spoke to Shop-eat-surf about the company's retail strategy.

 

 


More on: No Fear

Articles You Might Have Missed