► News from other sources
LA Times: Michael Tomson arrested after car crash
Ad Age: Bonnier sells Ski, Skiing and Skiing Business magazines, Warren Miller Entertainment
Sports Goggles Provide Data and Distraction
Inc. Magazine: "The Way I Work: Yvon Choinard"
OC Weekly: Profile of Pelle Klein, founder of skate startup Costa Misery
NYT: Profile of PPR CEO Francois-Henri Pinault
NYT: Obama picks REI CEO to lead Interior Department
► Industry Insight
Grain Surfboard Building Class at SHACC Jul. 31-Aug. 3
HDX Hydration Mix Chooses Qliktag Mobile Marketing Platform
► Readers Say
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 NixExecutive Edition is a must have
Before Shop-Eat-Surf, there were two sites I paid for premium content on. One is Surfline, the other is the Wall Street Journal. One is about all things surf, the other, the best business content site in the world. Shop-eat-surf is the intersection of those two worlds. Shop-Eat-Surf provides everything from coverage of events, people, brands and trends. However, beyond the Executive Edition "wall" is more meaty analysis and interpretation of financial statements, business models and brand philosophies; why certain brands and companies are succeeding, where others aren't. The Executive Edition is a must have read if the business of surf and action sports are on your radar screen.
- By Jeff Berg, Co-owner, SurflineWe are upgrading the system that runs our site. If you are having trouble seeing stories, or with your Executive login, clearing your web browser cache may help. If you continue to have issues, please email me at tiffany@shop-eat-surf.com. We greatly appreciate your patience during this process.
Journeys parent makes international acquisition
|
June 23, 2011 6:17 AM
Journeys parent company, Genesco, announced this morning it has acquired Schuh, a shoe retailer based in the United Kingdom.
Schuh targets 15-24 year olds and has a similar product mix to Journeys.
Journeys is one of the biggest customers – if not the biggest - of many industry footwear brands.
Schuh, headquartered in Scotland, currently operates 59 stores and 16 concessions in the UK and the Republic of Ireland. In its latest fiscal year, Schuh recorded 164 million pounds in revenue, or about $270 million.
Schuh carries industry brands such as Vans, DC, éS and Toms, in addition to other casual and athletic brands and has a significant private label offering.
The acquisition is good news for the industry, as Genesco will likely expand the chain.
Genesco paid 100 million pounds for Schuh, with the potential for 25 million pounds more in incentives if targets are hit.
Genesco also reported that second quarter same stores sales through June 18 rose 15% for the Journeys Group.
Check back in the next hour for more details about this news, including Genesco's expansion plans.
Articles You Might Have Missed
▼ Industry Releases
- OTZ Shoes, Inc. inks multi-year Italian distribution deal with Artscrafts International S.p.A.
- Lib Tech announces Skate Leg Tour for Vancouver BC
- Rip Curl presents The Tom Curren Collection, West Coast retail tour to adjoin with launch
- Azione PR names longtime fashion veteran Lauryn Flynn vice president of public relations
- DAKINE opens new waterfront headquarters in Hood River, Ore.
