Posts tagged as surfstitch

  • Becoming manufacturers and on-street retailers: SurfStitch's founders Lex Pedersen (left) and Justin Cameron.

    Wednesday, November 25th 2015

    SurfStitch eyes brick-and-mortar retail

    by Markus Huber

    SurfStitch, the Australian online retailer of action sports goods, may have a boost in market capitalization to more than 500 million Australian dollars (€342 million). According to the Australian press, trading of the SurfStitch stock was suspended after the group announced the acquisition of Surf Hardware International, a manufacturer of boards and accessories, for AUD […]

  • BBONG_GLOBAL_LANDING_SU13_e

    Friday, August 28th 2015

    Billabong back in the black

    by Markus Huber

    For the financial year 2014-15 ended June 30, Billabong has booked total sales of 1.05 billion Australian dollars (€666.2 million) – up by 2.6 percent compared with the prior year. The Aussie boardsports company managed to achieve a net profit of AUT 4.2 million (€2.7 million) after a significant loss of AUT 233.7 million (€148.3 […]

  • Wednesday, November 12th 2014

    Quiksilver pulls out of Surfdome retail operations

    by Markus Huber

    Quiksilver intends to sell its majority stake in action sports retailer Surfdome to SurfStitch. The deal, worth some $16 million, is set to work on condition that SurfStitch acquires the remaining outstanding shares in Surfdome as well. Quiksilver’s divestment is part of the group’s strategy to concentrate on its brands Quiksilver, DC and Roxy. In financial 2013-14, […]

  • Thursday, August 21st 2014

    Billabong divests multi-brand e-commerce operations

    by Markus Huber

    As announced in February, board sports company Billabong is coming to terms with getting rid of its multi-brand online retail operations SurfStitch.com for Australia and Europe and Swell.com for North America. The divestment is part of the Australian company’s restructuring program in which it is concentrating on wholesale and mono-brand retailing. Swell is owned 100 percent by Billabong, […]