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Archive for the ‘Business news’ Category

The U.S. surf/skate industry saw $6.07 Billion in retail sales for all channels in 2012. Results from the 2012 Surf Industry Manufacturers Association (SIMA) Specialty Retail Distribution Study, a third-party research study conducted by the Leisure Trends Group (LTG) and commissioned by SIMA, show core product categories holding strong as specialty retailers remain optimistic about the future.

The 2012 SIMA Specialty Retail Distribution Study focuses on a detailed look at the core surf and skate specialty retail market. This core channel captured   …  More

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As the industry awaits news of Billabong’s sale, a deal is looking less and less likely. Today news broke in the Australian that Billabong is selling its Canadian retail operations including the 70-store chain West 49, which it bought for $91 million in 2010.

Included in the package will also be six Billabong stores, 18 of its Amnesia stores, and   …  More

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The Billabong story continues today as the company announced that it has ended talks with Sycamore Partners and Altamont Capital Group to sell the company in its entirety. After re-instating trading of its stock, Billabong saw a 51.65% drop from $0.45 per share to $0.22 per share, as of the time this was published.

Layoffs were reported as a result of the cost cutting strategy the company is implementing, and more potential layoffs are anticipated, according to reports.

The company is   …  More

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New study measures financial payoff of Oregon small town events

A recent study in Oregon measured the effects of mountain bike races on the local economies. The research by Linfield College Professor Jeff McNamee documents the economic benefits of mountain biking events in the small Oregon towns of Bend and Oakridge. He also surveyed customers of a mountain bike tour company in Bend.

Oregon’s rural communities, particularly communities that once relied on timber revenues, are seeking new business models to sustain themselves, and many are looking to   …  More

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