OSV and EuroSIMA join forces and merge their services to provide increased member benefits

Wednesday, February 26, 2014
OSV and EuroSIMA, two associations that respectively represent the interests and the development of the outdoor and action sports industries, have taken their existing partnership to the next level by merging their services.

From the very beginning, the two associations have worked hand in hand, keeping the interests of their members in mind at all times.

More recently, OSV and EuroSIMA have started to integrate companies who straddle the boundary between the outdoor and board sports industries. Merging services through membership extensions was the next natural and logical step.

Member companies will now pay for their main membership to one of the two associations, based on their core business in either urban/water sports or mountain sports.

Free membership extension to the sister association will then be granted based on each member’s situation. Companies granted membership extensions will be required to name an in-house contact person to represent the company within the sister association and to keep up with projects.

This collaborative approach was implemented with the objective of offering a wider range of services to the combined 340 members of the two associations and to continue providing active representation of the industry at a national and European level.

The benefits of shared services:

A wider range of services will be made available to companies and their employees, such as preferred pricing for shipping, car rentals, online employment platforms, business travel management, health insurance, etc.

Stronger representation at trade shows and other professional events, or with local and public institutions.

Access to shared business models, best practices, and ideas in various fields such as sustainability, innovation, market research and education.

Increased financial assistance and a wider network in the Aquitaine and in Rhône-Alpes regions of France.

In addition, both structures share the common objective of creating a European Action Outdoor Sports Forum for CEOs and General Managers, in addition to the Design Summer Camp, launched in 2013, in partnership with Estia.

+ Read the press release

About OSV : 

"Outdoor Sports Valley - OSV" designates both a region and industry cluster dedicated to outdoor sports. This region covers the entire Alps and ecompasses thousands of employees who work in the sports and recreation industries, the headquarters of most outdoor industry companies, and represents one of the planet’s most unique playgrounds.

The Outdoor Sports Valley concept, developed in Annecy in 2009, became an official association in 2010, and a certified industry cluster (Grappe d'Entreprises) in 2011 by the French state (DATAR). Annecy, exceptional geographic and strategic location, is the official capital of the Outdoor Sports Valley.

OSV's role is to federate, represent, and contribute to the development of the outdoor sports industry. OSV prioritizes these objectives through four key focus areas, economic development, human resources, promoting the region and participation in outdoor sports,  sustainable development.

About Eurosima:

The desire to federate and promote common interests of the boardsports industry originated in the United States in the early 90s, when the leaders of the American brands felt the need to master the various trends emerging from the explosion of this market.

In this context, SIMA was created (Surf Industry Manufacturers Association which according to the saying, “strength through unity”, has been able to unite and structure surf brands enabling them to evolve together, while keeping in mind and respecting the “boardriding spirit”.  

A few years later, leading European brands such as Rip Curl, Billabong, Quiksilver, Rusty, Gotcha and Hoff, decided to launch the same experience and in 1999 created EuroSIMA (European Surf Industry Manufacturers Association) on the same ideas as its American model.

Building on its solid success, in 2005, EuroSIMA opened its membership to companies of all “boardsports” origins: surfing, skateboarding and snowboarding and created a "Mountain Division". Since then, many events and actions took place in the sector and EuroSIMA is now recognized as the European Association of boardsports industrials.

In January 2008, the association integrated the EuroSIMA Cluster to create a network of private and public actors, focused on the promotion and development of the boardsports sector in the Aquitaine region of France. This association of private and public actors has enabled EuroSIMA to considerably increase its span of action in such fields as innovation and R&D, employment and training, sustainable development and economic resources.

Today, EuroSIMA has 125 members, who are active in the boardsports world, including 80 brands and 45 service providers.

Nike Lunar Force 1 x Undefeated '14 Pack

Undefeated and Nike collaborate to bring a 2007 design to the future of Force.

Since 2002 Nike and Undefeated have worked together to produce iconic and thoughtful footwear. In light of the two brands’ rich history of celebrating sneakers, art, and culture, Nike and Undefeated partner once again to present the Nike Lunar Force 1 x Undefeated '14 Pack.

Known for its numerous iterations over the span of 30 years, Nike’s Air Force 1 shoe has been outfitted with the latest innovations to create the Nike Lunar Force 1. Originally launched in 2012, the ultra-light Nike Lunar Force 1 combines Lunarlon cushioning with Hyperfuse construction as an innovative take on a classic.

Ushering in a new generation of Force, the heritage and iconic aesthetic of the Air Force 1 is maintained while innovative enhancements offer the maximum in comfort.

The newcomer to the Family of Force, the Nike Lunar Force 1 is an untapped resource in terms of collaborations and was the first choice for Undefeated. With boundless visual options and performance comfort solutions, the Lunar Force 1 make a bold aesthetic statement and represents the future of sneaker innovation.

Reminiscent of the “Inside Out” Nike x Undefeated Air Force 1 released in 2007 that to this day remains difficult to acquire, the Nike Lunar Force 1 x Undefeated '14 Pack features a premium jacquard pattern on two executions: hi and low.

The entire upper of the low makes use of this pattern while the high’s upper is hairy suede and features the jacquard pattern on the ankle strap for contrast. The two-color drop maintains the essential Nike x Undefeated formula seen in the 2012 Bring Back Pack.

The collaboration is a continuation of the rich heritage of the two brands; from the iconic Undefeated Dunk Hi in 2002, to the tech-driven Hyperdunk of 2013. Over the years Nike and Undefeated have produced a number of products that blend sport, style, culture and individuality.

The Nike x Undefeated Lunar Force 1 '14 Pack will be available globally starting Feb. 28.

 

Source Nike 

 

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Concise Analysis of the Chinese Apparel Industry

DUBLIN, Feb. 27, 2014  --Research and Markets has announced the addition of the "Concise Analysis of the Chinese Apparel Industry" report to their offering.

China's apparel market size will reach RMB 1.1 trillion in 2016.

In 2012-2013, China's apparel industry continues the status of adjustment, enterprises focus on destocking, and the production grows at a low speed. In 2012, China's apparel output was 26.728 billion pcs, up 6.2% year on year, the growth rate declined by 1.94 percentage points. 

In the first quarter of 2013, China's apparel output was 5.754 billion pcs, up 1.06% year on year, the growth rate fell by 6.89 percentage points year on year.

Men's wear is the fastest growing sector of China's apparel market, and its share in the overall apparel market capacity increased from 36.6% in 2003 to 47.0% in 2012. In the future, with the rise of the middle class, Chinese men are paying more and more attention to appearance and fashion, and show stronger preference for apparel. The domestic men's wear market sales are expected to reach RMB408.4 billion in 2016.

The women's wear sector is shifting from labor intensive to knowledge-intensive, with still robust market demand. In the future, women's wear enterprises will face the challenges from corporatization, branding and scale, and will focus on the operation of brands and value.

In the kids' wear sector, major apparel brands are vigorously scrambling for market share. Adidas, Nike, Anta, Li Ning, 361°, Septwolves, Bosideng, Kang Nai, Yishion, Giordano have entered the kids' wear market. Balabala, a representative brand of kids' wear, is developed by Semir. In the future, kids' wear will become the fastest growing apparel sector in China with the arrival of the baby boom.

Key Topics Covered:

1. Macro-economic Environment in China, 2011-2013
2. China Apparel Industry Demand
3. China Apparel Industry Supply
4. China Apparel Industry Import and Export
5. Marekt Segments
6. Textile and Apparel Enterprises 

Companies Mentioned:

• BXN
• Busen
• Canudilo
• Giuseppe
• Hongdou
• Joeone
• Lancy
• Lilanz
• Mailyard
• Metersbonwe
• Semir
• Septwolves
• Shanshan
• Sinoer
• Souyute
• Trands
• Youngor

For more information visit http://www.researchandmarkets.com/research/9g9rms/china_apparel

Media Contact:  

Laura Wood , +353-1-481-1716, press@researchandmarkets.net

SOURCE Research and Markets

Waves For Water partners with the ASP World Tour to help provide access to clean water

Gold Coast, QLD, Australia // Feb 26, 2014 - Waves For Water and The Association of Surfing Professionals have partnered to implement W4W’s clean water programs during every event of the season, in nearby areas of need. A percentage of event funds will be allocated to execute these programs in each region.

“I’m excited about this partnership... it’s going to be a really fun initiative and I don’t think we can truly anticipate the impact it will have - not only on the places we choose to implement & help, but also for the surfing community as a whole.” – Jon Rose

The partnership will enable ASP to strongly engage with its audience and the general public while educating them about world water issues and Waves For Water’s clean water programs, including the DYI humanitarian Clean Water Courier program.

Waves For Water works on the front lines to provide clean water to communities in need around the world. In addition to their primary focus around clean water, the organization has coordinated strategic disaster relief efforts throughout the world and works directly with world leaders and strategic partners who take a no-nonsense attitude toward making global change.

The Association of Surfing Professionals (ASP) is the sole governing body of professional surfing. Crowning surfing’s undisputed world champions since 1976, the ASP sanctions the following tours: the ASP World Championship Tours (WCT), the ASP Qualification Series (QS), the Big Wave World Tour; the ASP World Longboard Championship (WLC) and the ASP World Junior Championship (WJC).

The ASP is dedicated to showcasing the world’s best surfers in the world’s best waves with the International organization supported by seven regional offices in Africa, Australasia, Europe, Hawaii, Japan, North America, and South America. The ASP serves to celebrate and grow the history, elite athletes, diverse fans and dedicated partners that together embody professional surfing today.

By press release

Wicked Good Copywriting & Communications Cleans Up Act, Launches New Website

Nevada City, CA – Wicked Good Copywriting & Communications is known for their quirky sense of humor and irreverent approach. But now they are cleaning up their act.

The first step in the makeover is a redesign of the Wicked Good website – www.wickedgoodcopy.com – to make it reflect the cleaner, more professional Wicked Good brand.

Mike Mooers, Wicked Good’s creative director and sole employee explains: “We, by our standards, 

are the most awesome copywriting service in the outdoor/snowsports/active lifestyle industry. 

Last week we would have used the term ‘awesomest,’ but we’ve outgrown that smug, ironic approach. We are, moving forward, going to act like the quality organization we are.”

The updated website reflects this quality. Using only text, it features only the essentials – samples, client feedback and contact information.

“It truly reflects the brand,” says Mooers. “We deliver succinct, clear copy. The site needs to reflect this cleanliness, this essential simplicity. Therefore, we have reduced any superfluous, redundant, extraneous verbosity in favor of achieving the highest degree of (the aforementioned) essential simplicity we have deemed possible and necessary. 

In short, we want to deliver a visitor experience that facilitates the educational and decision-making process, while accelerating the ability to contact us with specific projects needs and/or questions.”

For those who stopped reading the quote above, the website does this: shows samples, shares quotes, links to Mooers’ email.

Visit the simple, and by no means superfluously redundant, site at: www.wickedgoodcopy.com.

About Wicked Good Copy & Communications: 

Based in the Sierra Foothills town of Nevada City, CA, Wicked Good Copy & Communications delivers brand-crafted copy for clients including Arc’teryx, Keen, Gaiam, and Innate. Mike Mooers, the company’s founder and creative force, has a proven two-decade background in marketing communications. He founded Wicked Good Copy & Communications in 2010. Facebook Wicked Good, Contact Wicked Good mike@wickedgoodcopy.com

By press release

High-Performance LED Tennis Court Lighting Systems Now Under $16,000

WORCESTER, Mass., Feb. 27, 2014-- Constant improvements in LED technology are enabling Access Fixtures, a leader in commercial and sports lighting, to develop new tennis court lighting systems with increased energy efficiency and higher lumen output at a much lower price. 

The newest LED tennis court lighting package increases light levels by 11% over the previous generation and the price has decreased by 20%. Now for less than $16,000, Access Fixtures LED tennis court lighting systems can achieve recreational play lighting levels over the entire court area with an LED system rated for 100,000 hours.

"This really matters for locations with high energy costs and communities restricting the use of metal halide sports lighting systems," said Access Fixtures CEO, Steven Rothschild. He continued, "We are reaching the tipping point where based on system cost, energy efficiency, lower maintenance, and light quality, LED tennis court lighting is becoming the logical choice."

Access Fixtures' newest LED tennis court lights produce an average of 23.8 foot-candles over the entire court area, providing even, high CRI, white light for tennis matches. Each LED luminaire produces over 53,000 lumens using only 378 watts for an incredible 140 lumens per watt. Mean luminaire lumens exceed that of 1000w Metal Halide while using only 2268 watts which is 65% less energy than metal halide. The LED luminaires are rated for LM70 at 100,000 hours and have a 5-year warranty. LED tennis court lighting systems include 25' poles, mounting hardware and high-performance LED luminaires.

About Access Fixtures:

Access Fixtures offers commercial and sports lighting for less, and features light fixtures with LED, induction, eHID, PS-MH and CFL light sources that are long lasting and energy saving. With custom manufacturing capabilities, Access Fixtures can competitively build and custom finish luminaires and poles to the performance specifications required. 

Access Fixtures extensive lineup of interior and exterior lighting fixtures includes products for sports, commercial, industrial, residential and hospitality applications. Luminaire types include wall packs, area lights, bollards, garage lighters, vandal resistant, exit and emergency, high bay, low bay, linear fluorescent, track lighting and grow light fixtures. 

For more information visit Access Fixtures at http://www.AccessFixtures.com.

SOURCE Access Fixtures

Sympatex, Functional specialist presents wide product range and technological novelties

Crocs Model

GDS 2014: Sympatex with focus on Kids, City and Outdoor

Unterföhring / Munich, 27th February 2014. Sympatex will present a newly designed booth and a wide product and technology range at the GDS 2014 in Düsseldorf.

The ecological alternative among functional textile specialists will focus on the growing segments Kids, City and Outdoor this year. The participation of the Munich-based team in the leading international shoe fair in Düsseldorf (Hall 6 / Booth 6E07) underlines the great strategic importance of the shoe sector for the company.

At the booth, Sympatex will present many new partner products, for example by Richter, Ricosta, Däumling, Vögele as well as Tamaris. Moreover, the functional specialist will introduce new customers who will use the 100% recyclable “guaranteed green” Sympatex membrane for the first time in the coming season. Stadium, a new customer from the UK, the sports footwear producer Kangaroos and the US company Crocs will cooperate with Sympatex to improve their functional lines.

Kangaroo Model

Along with the 100% water- and windproof as well as optimal breathable Sympatex membrane, there are convincing additional technologies like Moisture-tech 360˚ in particular, which was presented for the first time by the functional specialist during the last OutDoor Fair in Friedrichshafen.

“At this year's GDS, we will present the entire spectrum of our wide product and technology range”, says Michael Kamm, CEO of Sympatex Technologies GmbH. “We will put an even stronger focus on our business area Footwear. With our innovative products and our ecological direction, we clearly distinguish ourselves from our competitors, and we still see great growth opportunities in this market segment,” Mr Kamm points out.

Guaranteed Green – The Sympatex recyclable membrane

As one of the worldwide leading producers, Sympatex® Technologies has been a pioneer for high-tech functional materials in clothing, footwear, accessories and technical fields of application since 1986. Together with selected partners, Sympatex develops, produces and distributes membranes, laminates and functional textiles as well as finished products worldwide. The Sympatex membrane is highly breathable, 100% wind- and waterproof and regulates the climate. It is 100% recyclable, bluesign® certified, received the „Öko-Tex-Standard 100“ certificate and is absolutely PTFE-free and PFC-free. The technologies and procedures are based on the principles of ecological responsibility and sustainability with a special focus on the optimal carbon footprint. Sympatex Technologies is a subsidiary of Sympatex Holding GmbH with sales offices and branches worldwide.

Contact : Sympatex Technologies GmbH / Public Relations / Sonja Zajontz / Mail: sonja.zajontz@sympatex.com

Source Symaptex by press release



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Vans reaches into the past to release favorite band collaborations exclusively at SXSW

Cypress, CA (February 27, 2014) – Vans continues the excitement surrounding SXSW Music Festival by announcing the re-issue of four of Vans’ most popular band shoe projects, Circle Jerks, Motörhead II, Bad Brains and Rise Against March 12 to 15.

Each re-issue has a total of 150 pairs with 50 being sold exclusively at the pop-up shop inside the Vans Village at noon during SXSW with an additional sale of 100 pairs on Vans.com the following day.

The limited re-release of these iconic band shoes is only the second time Vans has allowed the reproduction of archived band collaborations. The first came from Vans’ Vulcanized Vinyl pop-up boutique that opened during the 2012 SXSW Music Festival.

Wednesday, March 12 – Circle Jerks Vans Old Skool

Released in 2007, the Vans x Circle Jerks Old Skool was based on the cover of Group Sex, the band's 1980 debut album, a landmark release in the hardcore punk genre.  Vans designers worked with the band on the construction of the original release and they personally requested that the typically suede and leather Old Skool be produced in all-over canvas in consideration for their vegan fans. Group Sex artwork is featured over a stitched Vans Sidestripe and includes bright yellow pop color on the heel tab and waffle outsole. The Circle Jerks Old Skool will be released on March 12 at the Vans Village and will retail for $70.

Thursday, March 13 – Motörhead II Vans Rowley Classic

The Motörhead II Vans Rowley Classic hit skate shops exclusively back in 2006 and was the second collaboration between Vans and Motörhead.  The all-over black aesthetic was chosen by lead vocalist and bass player, Lemmy Kilmister, which gave the classic skate shoe a stealth look with only a hit of color on the Vans heel tab, tongue and embroidered Motörhead logo. The Motörhead II Vans Rowley Classic is available March 13 and will retail for $70.

Friday, March 14 – Bad Brains Vans Sk8-Hi

Once sold exclusively at Supreme, the Vans x Bad Brains Sk8-Hi was one of three styles that were released in a limited run in 2009. The band worked alongside the Vans design team to showcase their iconic lightning bolt logo from their first self-titled,  full-length 1982 album on the sidewall and waffle outsole of the Sk8-Hi. The Bad Brains Vans Sk8-Hi will once again be released for a limited time on March 14 and will retail for $75.

Saturday, March 15 – Rise Against Classic Slip-On

Music fans will remember the original 2010 release of the Rise Against Classic Slip-On which was the second project between Rise Against and Vans after the huge success of the first partnership in 2007. The Classic Slip-On showcases the artwork from the band’s 2008 album Appeal to Reason. It was, as the prior release, entirely free of animal-related materials in consideration of the band's vegan sensibilities as well as their fans. The Rise Against Classic Slip-On will retail for $65 and is the final Vans re-issue release that will close out the last day of SXSW.

Opening its doors March 11 for the first time at SXSW, the Vans Village will host a range of events through March 15 transforming the parking lot on the corner of 7th and Red River to include a competitive BMX ramp, a full-service pop-up shop, an open mic stage, a special truth® activation and live art exhibitions by Vans artists Jay Howell, Rich Jacobs, Zio Ziegler, Russ Pope and Smithe. The Vans band reissue projects will be available in the Vans pop-up shop on a first come, first serve basis and while supplies last.

The Vans Village is down the street from the House of Vans at the Mohawk, an official SXSW venue, and is made possible in part by truth®, the nation’s largest youth smoking prevention campaign, and Seagate storage products, creating space for the SXSW experience at House of Vans 2014. For more information, set times and updates, continue to visit vans.com/sxsw.

About Vans & Music

Vans supports original and creative music acts ranging from Band of Horses to Public Enemy to Turbonegro by bringing memorable shows to global audiences at the House of Vans roving music venue that echoes Vans’ Brooklyn-based cultural hub and to more than half a million fans each summer at the Vans Warped Tour, America’s longest-running music tour.  Shoe and clothing collaborations with Pearl Jam, Iron Maiden, Iggy Pop, Descendents, KISS, Social Distortion, No Doubt, Slayer and Metallica are among the many coveted projects that suit an "Off The Wall" lifestyle for music fans everywhere.

Vans Warped Tour Est. ’96 · House of Vans Est. ’10 · Vans, “Off the Wall” Since ’66 :
 vans.com/music 
instagram.com/vans
twitter.com/vans_66

Prince Global Sports Brings Corporate HQ to Atlanta

Prince Global Sports is relocating its corporate headquarters to Atlanta. Prince is finalizing a lease agreement to move into commercial property in the Buckhead area.

Prince is one of the world’s oldest and most respected tennis and squash brands and will relocate from corporate offices in New Jersey.

Chief Executive Officer Mike Ballardie said Prince has been an iconic brand in the tennis industry more than 40 years and feels Atlanta is a natural location for Prince Tennis’ headquarters.

“As we continue our growth as a global company, we see Atlanta and its vast resources as a perfect fit for our management, sales and marketing teams,” Ballardie said. “Atlanta has a thriving tennis community with more men, women and children playing tennis than any other U.S. city, making it a great home base for Prince. As a global brand we are involved at all levels of the sport from juniors to supporting key professionals in tennis and squash tournaments all over the world. Leveraging our assets with Atlanta’s location, talented workforce and the travel options offered by Hartsfield-Jackson Atlanta International Airport will be a tremendous benefit to the company.”

“I am thrilled that Prince Global Sports has chosen Atlanta for their corporate headquarters and pleased to welcome them to Buckhead,” said Atlanta Mayor Kasim Reed. “Atlanta is a natural home for Prince given the city’s love of tennis and our position as a leading distribution and logistics hub.”

Dan Corso, senior vice president of sports at the Metro Atlanta Chamber and executive director of the Atlanta Sports Council, sees tremendous potential in Prince’s move to the region.

“We are pleased to welcome Prince Global Sports, one of the best-known brands in tennis, to Atlanta,” Corso said. “Sports is a large economic driver for our region, both through company operations and hosting ongoing events like the BB&T Atlanta Open, and it serves as a tremendous quality of life attribute for our five million-plus residents and visitors.”

Atlanta boasts the largest city tennis league in the world with more than 80,000 members of the Atlanta Lawn Tennis Association (ALTA), which was established in 1934. The sport’s profile in Atlanta gained tremendous global exposure during the 1996 Centennial Olympic Games in Atlanta.

Ballardie said the company is relocating its product research, development and player servicing activities to the IMG Academy in Florida, alongside the recently opened Prince Innovation Center.

Prince, which is owned by Waitt Company of Omaha, Neb., has several of the world’s top players promoting the Prince brand. In tennis they include David Ferrer, John Isner, doubles team Bob & Mike Bryan, Daniela Hantuchova and reigning Wimbledon champion Marion Bartoli.

In the sport of squash Prince boasts both the world number one players – Ramy Ashour and Nicol David. Ballardie anticipates several of their top tennis players will be in town for the BB&T Atlanta Open this July, which draws tremendous crowds to the Atlantic Station. He noted the company looks to host special events in conjunction with this summer’s tournament.

By press reelase


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Revenue, income down at West Marine

WATSONVILLE, Calif., – West Marine, Inc. (Nasdaq:WMAR) today reported unaudited financial results for the fiscal year ended December 28, 2013.

• Net revenues were $663.2 million, a decrease of 1.8% compared to last year.
• Comparable store sales also decreased by 1.8%.
• Pre-tax income was $15.3 million, compared to pre-tax income of $24.5 million last year.
• Direct-to-consumer sales increased by 15.7% over last year, driven by our strategic investments in eCommerce.
• Sales in our merchandise expansion categories (which include footwear, apparel, clothing accessories, fishing products and paddle sports equipment) were up 6.1%, with sales of core usage-related products declining by 2.9%.
• The company remained debt-free at year-end and had $98.8 million available on its revolving credit line at the end of the period.

Fiscal Year and Fourth Quarter Financial Highlights

Net revenues for the fiscal year ended December 28, 2013 were $663.2 million, a decrease of 1.8% compared to net revenues of $675.3 million for fiscal year 2012.

In line with our omni-channel focus, beginning in the first quarter of 2013, we changed our definition of comparable store sales to include sales from our direct-to-consumer and wholesale channels. As before, store sales are included in comparable store sales in the fiscal period in which they commence their 14th full month of operations.

Stores that were closed or substantially remodeled (i.e., resulting in an increase or decrease of 40% or more of selling square footage) are excluded. Using this new definition, comparable store sales for 2013 decreased by 1.8% when compared to the same period last year. For 2012, we previously reported a 3.3% increase in comparable store sales. Using the new definition, our 2012 comparable store sales increased 3.1%.

Matt Hyde, West Marine’s CEO, commented: “I would characterize 2013 as a challenging year due to the unusually cold, rainy and windy weather in many of our markets during the first half of the year. We were disappointed in the results, but we have continued to make great progress with our three key growth strategies: eCommerce development; merchandise expansion; and store optimization. Our growth strategies continue to evolve West Marine into a waterlife outfitter by offering broader product selections, a more appealing in-store experience and ease of shopping options.”

Net income for fiscal year 2013 was $7.8 million, or $0.32 per diluted share, compared to fiscal year 2012 net income of $14.7 million, or$0.62 per diluted share. Excluding the impact of the $1.7 million valuation allowance recorded during the second half of this year, which resulted from a California tax law change, net income for full-year 2013 would have been $9.5 million, or $0.39 per diluted share.

Net revenues for the fourth quarter increased by $0.6 million, or 0.5%, to $118.8 million compared to $118.2 million for the fourth quarter of 2012. Comparable store sales increased by 0.5%. Net loss for the fourth quarter was $11.2 million compared to a net loss of$11.7 million for the fourth quarter of 2012.

Total inventory as of December 28, 2013 was $203.0 million, a $13.7 million, or 7.2%, increase compared to the balance at December 29, 2012, and a 6.4% increase on an inventory per square foot basis. Inventory turns for 2013 decreased by 1.1% versus last year.

The accompanying financial statements have been revised, primarily to reflect immaterial corrections of certain cash consideration received from our vendors that were previously recorded as a reduction of advertising in selling, general and administrative expense and are now reflected as a reduction to cost of goods sold. The revision included a decrease of $9.4 million to cost of goods sold and an increase of $9.3 million to selling, general and administrative expense which resulted in a $0.1 million increase to pre-tax income for fiscal 2012.

Fiscal 2014 Guidance

Our key financial projections for full-year 2014 are in the following ranges (note that fiscal 2014 is a 53-week fiscal year for West Marine):

• Net revenues of approximately $695 million to $710 million, an increase of 4.8% to 7.1% over 2013
• Comparable store sales growth of 3.5% to 6.0%
• EBITDA of $35.0 million to $37.5 million
• Pre-tax income of $16.0 million to $18.5 million
• Earnings per share of $0.39 to $0.45

Reflected in the above guidance is the initial implementation of our “15/50 plan.” This three to five year plan accelerates investments in our strategic growth initiatives, including capital expenditures in 2014 of $30 to $34 million. Successful execution of this plan, supported by our merchandise expansion strategy, should deliver incremental sales and operating margin improvement. The first number in the 15/50 plan refers to our objective to grow our eCommerce business to 15% of total sales.

The second number reflects our expectation that sales derived from consolidated or revitalized stores will grow to 50% of total sales. The 15/50 plan represents the diversification of West Marine, positions us to realize higher profitability, and to be less seasonal and weather dependent, and allows us to serve our customers’ lives more completely as a waterlife outfitter.

Share Repurchase Program

Under our previously-announced share repurchase program, we repurchased 608,530 shares of our common stock in open-market transactions for $8.1 million during the fourth quarter of 2013 and the first seven weeks of fiscal 2014 at an average price of $13.37 per share. As of February 14, 2014, we had $1.3 million remaining under our current share repurchase authorization.

Source West Marine, Inc.

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Crowdfunding : A New Sneaker Brand from Brooklyn with Amazing Technology Launches on Kickstarter

Brooklyn Workshop releases a longer lasting vulcanized shoe. 

People spend a lot of money on vulcanized shoes that wear out way too fast.

Brooklyn Workshop has teamed up with a veteran Nike / Jordan / Converse lead designer to tackle the problem. Knowing that if a vulcanized shoe can take the abuses of longboarding it would be something special for everyone.

So Brooklyn Workshop proudly introduces The Elby, with abrasion resistance that is more than double of what is currently on the market with uncompromising grip.

Our core of thousands of riders have put the shoe through some cruel and unusual punishment to make sure they can take the abuse and the mid-tops are ready to hit the streets.

Check out our Kickstarter campaign here.

Husqvarna Motorcycles GmbH welcome Robert Jonas as Head of Motorsport

February 26, 2014 –  Husqvarna Motorcycles GmbH is pleased to announce that, with immediate effect, Mr Robert Jonas has been appointed as Head of Motorsport. Responsible for all Husqvarna Motorcycles racing activities, 39-year-old Jonas, who has worked within KTM Motorsport man-agement since 2006, will oversee all motocross, enduro, extreme enduro and Moto3 road racing programs.

As a former motocross racer Robert Jonas has been involved in motorcycle racing for much of his life. An Austrian National Motocross Champion in 1998 and 1999, he became a KTM 125cc factory rider in 2000 while also working as a KTM two-stroke test rider. With injury curtailing his racing career, Jonas re-entered KTM in 2005 to work in the road racing department. From 2006 Robert has worked alongside KTM’s Head of Motorsport Pit Beirer.

Mr. Stefan Pierer (KTM AG CEO):

“Appointing Robert as Husqvarna’s Head of Motorsport sends out a very clear message that Husqvarna is extremely serious about all of its motorsport activities, which are a strategic tool for the continued growth of the brand. He is some-one we trust implicitly and who has the experience and enthusiasm to lead Husqvarna’s growing and vibrant motorsport department. Husqvarna Motorcycles is already achieving racing success, and as the season progresses we want to ensure it continues.”

Robert Jonas (Husqvarna Head of Motorsport):  

“To represent Husqvarna in motorsport is a real honour. I am extremely grateful that Mr. Pierer and Pit Beirer have placed their confidence in me as Husqvarna Motorcycles expand their racing activities around the world. Husqvarna will have a motorsport management and technical support system ready to handle these increasing demands – one that mirrors the hugely successful working practices of KTM motorsport. This really is a very exciting time for both the Husqvarna Motorcycles brand and myself personally.”

In 2014 Husqvarna Motorcycles will officially compete in the Motocross World Championship, Enduro and SuperEnduro World Championship and International Extreme Enduro. Husqvarna will also compete in the Mo-to3 class of the FIM Road Racing World Championship.

Source Husqvarna


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Jordans on Deck: The Nike SB x Air Jordan I

Nike SB and Jordan collaborate on the Jordan I, the shoe that revolutionized innovation in skate footwear.

Originally crafted as a high-performance basketball shoe for budding star Michael Jordan, the Air Jordan I inadvertently brought innovation to skate. Celebrating this unforeseen answer to the needs of skaters, Nike SB and Jordan Brand collaborate to release the Nike SB x Air Jordan I.

Multimedia artist Craig Stecyk brings his signature tribal visual identity to the design, taking cues from Northwest Passage, his art installation that prominently features bronze casting and spray paint. The green-and black-upper features “AJ One SB” tonally scribed in a typeface designed by Stecyk that was originally featured in a leading skateboarding magazine in 1982. The same inscription also shows up on the Nike SB x AJI insole.

From the start, the Air Jordan I caused a stir among fans and executives alike. When fines were imposed on Jordan for breaking uniform regulations after he wore the black and red editions during a game, the shoe's rebel image was confirmed.

The mid 1980s were a significant time for skating too — vert was booming, street was evolving and clothes were loud. Skaters' outlaw image was intact, but paralleling Michael Jordan’s aerial attacks, a new breed of airborne superstar was launching from half-pipes. Stecyk was on the scene to document it all.
 

Skating takes its toll on a shoe, but it punishes the wearer. The supportive ankle height and Nike Air cushioning of the Air Jordan I, the very things applied to help Jordan hit terra firma with immunity, were perfect for vert's needs. The premium leather was more durable than the baked rubber, canvas and suede of other models, and the Air Jordan I soon became a skate favorite.

Fast forward to 2014: the Nike SB x Air Jordan partnership returns with three unique makeups created in collaboration with two icons of the industry who ushered in the shoe's adaptation — Craig Stecyk and Lance Mountain.

As a hit skateboard video from 1987 gained popularity, images of Lance Mountain in the Air Jordan I took the world by storm. From that point on, the Air Jordan I became a part of skate history, and the fashion in which Mountain wore his sneakers was nothing short of iconic. Wearing mismatching sneakers is something Mountain pulled of with ease, and is a significant inspiration for his Air Jordan I design coming later this year.

Decades in the making, the Nike SB x Air Jordan I designed by Craig Stecyk will be available in limited quantities at select Nike SB and Jordan retailers and nike.com beginning March 15.


Source Jordan and Nike



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TBI Partners with BRAIN to cover the Business of Triathlon

Orange, CA – February 27, 2014 – Triathlon Business International (TBI), an industry organization dedicated to promoting the sport and the business of triathlon, and Bicycle Retailer and Industry News (BRAIN) have formed a partnership to launch a new trade magazine for the triathlon market, Triathlon Retailer and Industry News or TRAIN. The new publication will cover multisport business and product trends as well as supplier and retail news.

“The availability of timely and substantive business information for the sport of triathlon is definitely something that has been missing, and absolutely is needed,” said TBI president Jack Caress. “TRAIN will follow the very successful editorial model created by BRAIN, and I have no doubt that the triathlon retailers, manufacturers, suppliers and others in the industry will find TRAIN as valuable as the cycling industry finds BRAIN.”

Bicycle Retailer’s editorial staff will manage and produce the publication, which will be a standard magazine format. The first edition will mail as a supplement with BRAIN’s May 1 issue, with two other editions to polybag with BRAIN’s August 1 and November 1 issues. The content will include a mix of statistics and research, retail and supplier profiles, features on best practices, one-on-one interviews with industry personalities, editorial columns and new product information.

“Triathlon has grown into a distinct business segment, but no media entity is creating relevant business content to specifically serve the tri community,” said Megan Tompkins, publisher of Bicycle Retailer and Industry News. “Piggybacking on BRAIN’s successful model, TRAIN will fill this information gap and serve as the newspaper of record for the triathlon market.”

The magazine, which will be supported through display advertising, will be available free to qualified industry subscribers. TBI members will have the opportunity to access special advertising rates for the publication, and to make editorial submissions about topics that are top-of-mind to retailers, race producers, manufacturers, technology providers and others involved in the sport and business of triathlon.

Information about TRAIN, including a rate card and spec sheet, can be found on the TBI and the BRAIN websites.

About Triathlon Business International

Triathlon Business International is the world's leading organization dedicated to promoting the sport and business of triathlon. Founded by a coalition of industry leaders, TBI's mission is to leverage the knowledge, talent, and resources of the leaders in triathlon to the benefit of the sport by increasing and retaining advocates of triathlon and fostering a positive image of the sport. Follow TBI on Twitter and Facebook.

About Bicycle Retailer and Industry News

Bicycle Retailer and Industry News (BRAIN) is the leading trade magazine for the global bicycle industry, covering the business for more than 20 years. BRAIN is operated by the National Bicycle Dealers Association under license by Emerald Expositions, owner of Interbike. BRAIN is published 18 times a year in print and online daily at www.bicycleretailer.com. Twitter: @bicycleretailer

By press release

HanesBrands' Analyst Meeting Highlights Margin Improvement

HanesBrands, the parent of Champion and Hanes, highlighted its margin-enhancing Innovate-to-Elevate strategy and priorities for use of cash flow at the company’s investor day meeting on Thursday, Feb. 27.

Hanes’ Innovate-to-Elevate strategy harnesses the company’s industry-leading brand power, innovation platforms, and low-cost supply chain to drive profitability improvement. Hanes has increased its adjusted operating profit margin by 400 basis points over the past five years using the Innovate-to-Elevate strategy to increase shelf space, gain market share, lower costs, internalize production of higher-volume programs, and introduce higher-margin products.

The company’s innovation platforms include Flexible Fit bras that utilize Smart Size technology, ComfortBlend fabric used in numerous Innerwear and Activewear categories, X-Temp evaporation-control fabric being rolled out in Innerwear, and Vapor quick-dry fabric used in Activewear products.

Hanes has also generated $1.9 billion in cumulative cash from operations over the past five years. In 2013, the company completed its debt prepayment initiative, instituted a regular quarterly cash dividend, and acquired Maidenform Brands, Inc. The company’s priority for future cash deployment will be additional acquisitions that meet stringent criteria to generate value.

Hanes has also reaffirmed all of its full-year 2014 guidance issued Jan. 29, 2014, including expectations for net sales of slightly less than $5.1 billion, adjusted operating profit excluding actions of $640 million to $660 million, adjusted EPS excluding actions of $4.60 to $4.80, and net cash from operating activities of $450 million to $550 million.

“We had a record year in 2013, and our guidance calls for another record year in 2014,” Hanes Chairman and Chief Executive Officer Richard A. Noll said.

“Our Innovate-to-Elevate strategy is working very well, and we have ample opportunities to generate additional value by applying it to more parts of our business, to our recently acquired Maidenform brand, and to future acquisitions. When you consider the potential earnings leverage from additional bolt-on acquisitions, we believe we are very well positioned to produce continued double-digit earnings growth for many years to come.”

By press release


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MediaTek and ANT Create New Opportunities for Connected Lifestyle, Health and Home Management

New chip links mobile platform innovators to millions of available ANT+ wearables and devices.

Barcelona, Spain February 26, 2014

ANT Wireless, proven innovator in ultra low power (ULP) short range wireless technology and ANT+ interoperability, and MediaTek Inc., a leading fabless semiconductor company of wireless communications and digital multimedia solutions, today announce native support for the ANT wireless protocol in MediaTek’s new MT6630 5-in-1 combo connectivity chip.

Targeted for premium smartphones, tablets and other mobile devices aligned with the super-mid category of chips, the single chip MT6630 allows integrators to link end users to the millions of leading ANT+ wearables and products for sport, fitness and health as well as smart home and location-based service devices.

The feature-rich MT6630 combines the latest connectivity options in a low power, small footprint chip including 802.11ac Wi-Fi, ANT, Bluetooth 4.1, multi-system GNSS, and FM. Delivering full concurrent operation of all five systems, the MT6630 offers the advanced capabilities of ANT+ interoperability and connection to the vast array of certified ANT+ devices including monitors and software that track activity, heart rate, blood pressure, muscle oxygen, running, cycling, swimming, hiking, weight, etc..

ANT wireless communication will also facilitate the expanding connected use cases in home and industrial environments.

"MediaTek is committed to bringing an optimal experience to the digital home and mobile applications. ANT complements our unique leadership position," said SR Tsai, General Manager of MediaTek’s Connectivity Business Unit. "ANT will continue to be a driver of wireless and wearable solutions for the Internet of Things. MediaTek’s inclusion of this established protocol gives manufacturers and their consumers simple and direct access to these innovative ANT+ products."

"Our collaboration with MediaTek greatly expands access to more ANT+ enabled phones and ANT+ sensors, in more markets and regions, which is fantastic for everyone: mobile OEMs, ANT+ product manufacturers, and consumers," added Rod Morris, Vice President, ANT Wireless. "The result will be a great range of offerings and best-in-class lifestyle products worldwide."

MediaTek will be demonstrating ANT+ in combination with the MT6630 solution at Mobile World Congress, Feb 24-27, Hall 6, Stand 6E11. The MT6630 is sampling now and the first commercially available devices to use MT6630 IC’s are expected in the second half of 2014. ANT Wireless is also exhibiting at Mobile World Congress, in Barcelona, Spain, February 24 – 27, Hall 7, Stand 7M49.
Celebrating over ten years in ultra low power wireless technology, ANT also offers its expanded suite of ANT+ Plugins for Android applications to app developers and manufacturers selecting the MT6630. ANT+ Plugins eliminate the need for ANT+ profile development and technical expertise and facilitate the path to seamless ANT+ connectivity.

About MediaTek

MediaTek is a pioneering fabless semiconductor company, and a market leader in cutting-edge systems on a chip for wireless communications, HDTV, DVD and Blu-ray. MediaTek created the world's first octa-core smartphone platform with LTE and its CorePilotTM technology released the full power of multi-core mobile processors. MediaTek is headquartered in Taiwan and has offices worldwide.

Please visit http://www.MediaTek.com for more information. Press Office: PR@Mediatek.com +1 650 283 2781

About ANT / ANT+ (http://www.thisisant.com)

ANT is a proven protocol and silicon solution for ultra low power (ULP) practical wireless networking applications. ANT+ is the pervasive ULP wireless technology facilitating the capture of critical market share in the exploding mobile sensor sector. With over 100 million devices in the market, ANT+ facilitates interoperability between ANT+ devices and the collection, automatic transfer and tracking of sensor data. This standardized communication platform enables quick-to-market solutions for application developers, sensor manufacturers and cell phone makers. ANT+ has amassed an ecosystem of world-class technology vendors in the ANT+ Alliance, an open special interest group of companies who have adopted the ANT+ promise of interoperability. These industry leaders offer readily-available brand name products for sport, wellness management and home health monitoring.

The company behind ANT Wireless is Dynastream Innovations Inc. (http://www.dynastream.com).

Dynastream was established in 1998 and became a wholly owned subsidiary of Garmin Ltd. in December 2006. Dynastream is based in Cochrane, Alberta, Canada, and is a world innovator in the research and development of inertial and wireless technology.

ANT+ Product Directory (http://www.thisisant.com/directory)

The ANT+ Product Directory is a complete inventory of all ANT+ certified or verified products. It is a tool designed specifically to help consumers source hundreds of industry-leading devices and all compatible products within the vast ANT+ ecosystem. Devices may be searched by product name, brand, activity or product category, allowing the consumer to create a monitoring system that meets their specific needs.

By press release

Converse Celebrates SP14 Chuck Taylor All Star Collection with SNEAKERS CLASH

The SP14 All Star Collection is unleashed through explosions of creative self-expression across the EMEA region.

Converse, Inc. announces SNEAKERS CLASH – a 16-city series of artistic installations across Europe, the Middle East and Africa — designed to disrupt and clash against a gray world.

Following the Feb. 22 launch in Amsterdam, SNEAKERS CLASH is directly inspired by the bold and colorful spirit of the Chuck Taylor All Star, and the series will travel across the region to London, Paris, Barcelona, Madrid, Berlin, Prague, Warsaw, Zagreb, Belgrade, Istanbul, Thessaloniki, Cairo, Beirut, Cape Town and Johannesburg in March and April.

“We’re thrilled to bring the Converse SNEAKERS CLASH series to EMEA” said Rodney Rambo, VP Marketing, Converse All Star. “The Chuck Taylor has long been the perfect blank canvas for creative self-expression and we hope it will continue to inspire people to add a burst of color wherever it is needed most.” 

Timed against the launch of the Spring 2014 Converse All Star sneaker collection, the SNEAKERS CLASH series will be brought to life through two engaging interactive experiences – Wall of Clash and Photo Clash – bridging the gap between Converse’s fans on social media and a diverse range of visual artists in surprising physical spaces.

Wall of Clash will unite local street artists with clashing styles at unexpected locations – challenging them to unleash their most visceral work against a static wall. Using a variety of creative backdrops, from a former London vinyl factory to a Parisian canal barge, Converse will invite local fans to interact with the artists and influence their creations by making suggestions on what to paint – forming a series of democratic collaborations that will be anything but boring.

Running in tandem to the Wall of Clash program, Photo Clash gives Twitter fans the chance to submit digital images that will be used as a canvas by a selection of illustrators across the region. Photos will be selected at random by the SNEAKER CLASH artists, before being spontaneously customized until they become unique pieces of artwork. The results will then be shared back with the original fan digitally via social media and presented at select Converse retailers across the region.

 “We are incredibly inspired by the diversity of creativity that spans the region, said Martina Luger, Brand Director, Converse EMEA. “With SNEAKERS CLASH, artists will get the chance to showcase their talents to a broader audience and make a unique visual impact on an international scale.”

SNEAKERS CLASH is inspired by the Spring 2014 Converse All Star sneaker collection, featuring dynamic color pops and elevated silhouettes to provoke youthful self-expression. Vibrant tie-dye, bold color-blocking and striking archive prints create stylish looks perfect for brightening up the spring season. The undoubted hero of the collection is the Converse All Star Chuck ’70 – a new take on an American icon. Designed to clash against a gray world, this coveted sneaker is certain to stand out from the crowds with its striking heavy-grade canvas uppers and premium details.



For further information on the Spring 2014 Converse All Star collection please visit converse.com.

ABOUT CONVERSE

Converse Inc., based in N. Andover, Massachusetts, is a wholly owned subsidiary of NIKE, Inc. Established in 1908, the Converse brand has built a reputation as “America’s Original Sports Company”™ and has been associated with a rich heritage of legendary shoes such as the Chuck Taylor® All Star® shoe, the Jack Purcell® shoe and the One Star® shoe. Today, Converse offers a diverse portfolio including lifestyle men's, women's and children’s footwear, apparel and accessories. Converse product is sold globally by retailers in over 160 countries and through 79 company-owned retail locations in the U.S.

CONTACT
Simon Wainwright / Converse EMEA / simon.wainwright@converse.com


Source Converse


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Growth Opportunities in India Composite Textiles Market - Trend, Forecast and Competitive Analysis to 2018

DUBLIN, Feb. 26, 2014  --

Research and Markets has announced the addition of the

"Growth Opportunities in India Composite Textiles Market - Trend, Forecast and Competitive Analysis to 2018" report to their offering.

The Indian composite textiles market is estimated to witness strong growth and reach $127 million by 2018. Despite the high cost of glass and carbon fibers, presence of only two major glass fiber producers in India, import restrictions, and lack of mechanized process, the Indian composite textiles industry has posted a substantial growth during the last decade. The Indian composites textiles industry witnessed dramatic changes that could be attributed to a host of economic factors.

From the analysis presented, composite textiles raw material suppliers, manufacturers as well as composite product producers will recognize that two scenarios for short-term and long-term business exist.

The report analyses that raw material cost for composite textiles is dependent on the fiber cost which is quite high, especially borax, which comprises approximately 50% to 75% of the total production cost for glass fiber, while for carbon fiber the precursors cost more than 80% of the total cost. The cost of fuel, which is crucial to the industry, is extremely volatile.

The report studies that composite textiles are making inroads in end user markets, such as wind energy, transportation, marine, and construction because of their outstanding chemical and mechanical properties. Composite textiles, with high strength-to-weight ratio, is primarily used where high strength and minimum weight is required. It also offers flexibility in design.

Composite textiles are finding their increased usage in the end applications and markets. The trends in these application markets are likely to shape the Indian composite textiles industry. Applications are going through an evolution, and thus new trends can be observed in the Indian composite textiles market.

This unique report will provide you with valuable information, insights, and tools needed to identify new growth opportunities and operate your business successfully in this market. This report will save hundreds of hours of your own personal research time and will significantly benefit you in expanding your business in this market. In today's stringent economy, you need every advantage that you can find.

Key Topics Covered:

1. Executive Summary

2. Indian Economy Trend and Forecast

3. Overview of Composite Textiles Market in India

4. India Fiberglass Market Analysis 2012

5. Competitive Landscape and Growth Opportunities Analysis

6. Industry Strategic Assessment

7. Expert Opinion

8. Company Profiles for Leading Players

Companies Mentioned:

• Advanced Textiles & Materials
• Goa Glass Fibre
• Kush Synthetics
• Owens Corning India
• Saertex India

For more information visit http://www.researchandmarkets.com/research/bskvmp/growth

Contact: Laura Wood , +353-1-481-1716, press@researchandmarkets.net


SOURCE Research and Markets

Deckers Outdoor's Q4 Profits Soar

Deckers Outdoor Corp. reported sales in the fourth quarter increased 19.2 percent to a record $736.0 million.

Among its larger brands, sales grew 18.1 percent at Ugg, 45.2 percent at Sanuk, and 13.6 percent at Teva. Net income jumped 43.7 percent to $140.0 million, or $4.04 a share.

Fourth Quarter Review

• Net sales increased 19.2 percent to a record $736.0 million compared to $617.3 million for the same period last year.
• Gross margin improved 480 basis points to 51.1 percent compared to 46.3 percent for the same period last year.
• Diluted earnings per share increased 45.8 percent to a record $4.04 compared to $2.77 for the same period last year.
• UGG® brand sales increased 18.1 percent to $690.9 million compared to $584.8 million for the same period last year.
• Sanuk® brand sales increased 45.2 percent to $22.2 million compared to $15.3 million for the same period last year.
• Teva® brand sales increased 13.6 percent to $15.5 million compared to $13.7 million for the same period last year.
• Direct-to-Consumer comparable sales, which include worldwide retail same store sales and worldwide E-Commerce sales, increased 19.0 percent.
• Retail sales increased 31.4 percent to $178.0 million compared to $135.5 million for the same period last year; same store sales increased 6.1 percent for the thirteen weeks ending December 29, 2013 compared to the thirteen weeks ending December 30, 2012.  
• E-Commerce sales increased 33.9 percent to $117.3 million compared to $87.6 million for the same period last year.
• Domestic sales increased 14.3 percent to $510.7 million compared to $446.7 million for the same period last year.
• International sales increased 32.1 percent to $225.3 million compared to $170.6 million for the same period last year.

Fiscal 2013 Review

• Net sales increased 10.1 percent to a record $1.557 billion compared to $1.414 billion last year.
• Gross margin improved 260 basis points to 47.3 percent compared to 44.7 percent last year.
• Diluted earnings per share increased 21.2 percent to $4.18 compared to $3.45 last year.
• UGG brand sales increased 9.7 percent to $1.299 billion compared to $1.184 billion last year.
• Sanuk brand sales increased 8.2 percent to $101.7 million compared to $94.0 million last year.
• Teva brand sales increased 0.8 percent to $116.4 million compared to $115.5 million last year.
• Direct-to-Consumer comparable sales, which include worldwide retail same store sales and worldwide E-Commerce sales, increased 16.0 percent.
• Retail sales increased 32.8 percent to $326.7 million compared to $246.0 million last year; same store sales increased 2.8 percent for the 52 weeks ending December 29, 2013 compared to the 52 weeks ending December 30, 2012.  
• E-Commerce sales increased 29.8 percent to $169.5 million compared to $130.6 million last year.
• Domestic sales increased 7.1 percent to $1.042 billion compared to $973.0 million last year.
• International sales increased 16.5 percent to $514.3 million compared to $441.4 million last year.

"Our strong fourth quarter performance capped off a year of solid strategic progress," commented Angel Martinez, President, chief executive officer and chair of the Board of directors. "We believe that the concerted investments we are making in our brands, distribution platforms and infrastructure are leading to improved financial and operating results as we expand our direct-to-consumer footprint and elevate our Omni-Channel resources.  Our sales and earnings growth were driven by strong full price selling throughout each of our distribution channels and geographic regions.  The power of the UGG brand was on full display during the recent holiday season as consumers responded very positively to our most complete product line ever.  Looking ahead, we expect to be well positioned to execute our consumer centric growth strategy with compelling new product introductions, engaging store experiences and a dynamic online offering.  We are excited about the direction the company is headed and we are committed to capitalizing on the many expansion opportunities that we believe are in front of us."

Division Summary

UGG Brand

UGG brand net sales for the fourth quarter increased 18.1 percent to $690.9 million compared to $584.8 million for the same period last year.  The increase in sales was driven by sales gains across all primary channels, including the sales contribution from new retail store openings and an increase in same store sales, an increase in global E-Commerce sales, and higher domestic and international wholesale sales.  For the full year, UGG brand net sales increased 9.7 percent to $1.299 billion compared to $1.184 billion last year.

Sanuk Brand

Sanuk brand net sales for the fourth quarter increased 45.2 percent to $22.2 million compared to $15.3 million for the same period last year.  The increase in sales was primarily attributable to an increase in international distributor sales as well as higher domestic wholesale sales.  For the full year, Sanuk brand net sales increased 8.2 percent to $101.7 million compared to $94.0 million last year.

Teva Brand

Teva brand net sales for the fourth quarter increased 13.6 percent to $15.5 million compared to $13.7 million for the same period last year.  The increase in sales was driven primarily by higher domestic and international wholesale sales and higher international distributor sales.  For the full year, Teva brand net sales increased 0.8 percent to $116.4 million compared to $115.5 million last year.

Other Brands

Combined net sales of the company's other brands increased 110.1 percent  to $7.4 million for the fourth quarter compared to $3.5 million for the same period last year.  The increase was attributable to the addition of the HOKA ONE ONE® brand and to a 100.0 percent increase in sales for the Ahnu® brand compared to the same period last year.  For the full year, combined net sales of the company's other brands increased 85.8 percent to $39.7 million compared to $21.3 million last year.

Retail Stores

Sales for the global retail store business, which are included in the brand sales numbers above, increased 31.4 percent to $178.0 million for the fourth quarter compared to $135.5 million for the same period last year.  This increase was driven by 40 new stores opened after the fourth quarter of 2012 and by a same store sales increase of 6.1 percent for the thirteen weeks ending December 29, 2013 compared to the thirteen weeks ending December 30, 2012.  For the full year, sales for the retail store business increased 32.8 percent to $326.7 million compared to $246.0 million last year.

E-Commerce

Sales for the global E-Commerce business, which are included in the brand sales numbers above, increased 33.9 percent to $117.3 million for the fourth quarter compared to $87.6 million for the same period last year.  The sales increase was driven primarily by strong domestic and international sales for the UGG brand, increased domestic sales of the Sanuk brand, plus the addition of new international E-Commerce websites.  For the full year, sales for the E-Commerce business increased 29.8 percent to $169.5 million compared to $130.6 million last year.

Balance Sheet

At December 31, 2013, cash and cash equivalents were $237.1 million compared to $110.2 million at December 31, 2012.  The company had $9.7 million in outstanding borrowings under its credit facility at December 31, 2013 compared to $33.0 million at December 31, 2012.  The increase in cash and cash equivalents and the decrease in outstanding borrowings are primarily attributable to improved inventories and cash provided by operations, partially offset by $79.8 million of cash payments for capital assets primarily related to retail expansion and the company's new headquarters facility. 

Inventories at December 31, 2013 decreased 13.1 percent to $260.8 million from $300.2 million at December 31, 2012.  By brand, UGG inventory decreased $43.6 million to $204.7 million at December 31, 2013, Teva inventory increased $0.4 million to $28.3 million at December 31, 2013, Sanuk inventory decreased $1.1 million to $13.4 million at December 31, 2013, and the other brands' inventory increased $4.9 million to $14.4 million at December 31, 2013.

Fiscal Year Change

The company's Board of Directors has authorized a change in its fiscal year end to March 31 from December 31.  This change will be effective March 31, 2014.  Based on the seasonality of the business and the timing of the fall pre-book process, the change in fiscal year gives the company greater visibility into projecting revenue growth, planning expenses, and incorporating the results from the holiday season into product, merchandising and marketing initiatives for the upcoming year.  The company will report results for the three-month transition period of January 1, 2014 through March 31, 2014.  The first 12-month fiscal year will run from April 1, 2014 through March 31, 2015.

Full Calendar Year Outlook For the 12-Month Period Ending December 31, 2014

• Based upon current visibility, the company expects full calendar year revenues to increase approximately 10 percent over 2013 levels.
• The company expects full calendar year diluted earnings per share to increase approximately 8 percent over 2013 levels. This guidance assumes a gross profit margin of approximately 49 percent and an operating margin of approximately 13 percent.
• The company expects full calendar year SG&A expenses as a percentage of sales to be approximately 36 percent. Among other items, these expenses include increased marketing costs, investments in IT infrastructure, international supply chain and distribution, expenses related to management reorganization and costs associated with opening 40 new stores in 2013 as well as the addition of new store openings in 2014.
• The company expects full calendar year UGG brand revenues to increase approximately 9 percent over 2013 levels.
• The company expects full calendar year Teva brand revenues to increase approximately 5 percent over 2013 levels.
• The company expects full calendar year Sanuk brand revenues to increase approximately 10 percent over 2013 levels.
• Combined full calendar year net sales of the company's other brands are expected to be approximately $65 million.
• Calendar year 2014 guidance also assumes that the company's effective tax rate will be approximately 29 percent.

First Quarter Outlook

• The company currently expects first calendar quarter 2014 revenues to increase approximately 6 percent over first quarter 2013 levels, and expects to report a first calendar quarter 2014 diluted loss per share of approximately $(0.16) compared to a diluted earnings per share of $0.03 reported in the first quarter of 2013.
• As a reminder, a significant amount of our operating expenses are fixed and spread evenly on an absolute dollar basis throughout each quarter. This includes the costs associated with the 28 new stores that were not open until the second half of 2013. Therefore, we expect our earnings to decline in the first half of 2014 as compared to the first half of 2013, which are typically our lowest volume sales quarters, and increase over 2013 in the back half of the calendar year.

By press release


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