Posts Tagged ‘Quiksilver’

Choices 3: Judgment Day

July 30, 2016

bubble.JOSH-KALIS

Thirty-eight years ago to the day, Memphis rap posse Three 6 Mafia uncannily predicted the brassiness and unbridled vamping of this 2016 US political election season in the motion picture release ‘Choices 2,’ an airy farce with a rhetorical title referencing how two people compete to be the ‘People’s Choice’ and win the ‘People’s Choice Award,’ also knowed as the US presidency. Over time the prize has gone to saxophonists, cowboy actors and even enjoyors of post-retirement Jay-Z songs, but many of the heartiest feats of achievement that shall define the 2016 contest still lie ahead.

Several miles below sea level, the deep-pocketed forces steering the skateboarding industry from an underwater base confront their own conundrum. Josh Kalis, he of the nigh-spotless twenty-plus year career, channeled the syrupy spirits of DJ Paul and Juicy J to record his own ‘Choices,’ a satirical short film that alternately bemoans and bellylaughs at the long-armed reach of international sporting equipment companies into skate shops, sweeping less powerful companies’ shoes from shelves and leaving a paucity of options for the toecap-chewing hardflipper.

It can be no coincidence that the messenger for this unhappy fable is Josh Kalis, whose reintroduction of the ‘Kalis Lite’ to a generation of Love Park-fetishizing saboteurs comes as the most important geopolitical shoe event of the year. Despite its hikey sole and lack of air bag, the ‘Lite/LTE’ is the most credible-yet throwback to the puffy shoe era*, boosted by a particularly East Coast persuasion of nostalgia arising out of #skateshoewars and Philadelphia spot paleontology. The Kalis Lites, the most vital release from DC in years, also comes as sporting apparel makers Nike and Adidas try ever so softly to nudge skaters’ sweatstained wallets further ajar, coaxing dollaridoos toward higher-tech footwears that command fatter margins and further cement the big, swinging corporation as the dominant force in skate shoedom, widening the gap between their space-age materials and those lesser peddlers of vulcanized suede.

But a good decade into this slim-shoe era, as the Janoski continues to run roughshod over besocked $150 Kostons and rivals’ new pro models retain slender, suedey templates, the tech shoe increasingly threatens to fall back into its typecast role as a periodic fad. The rubbered-out Airwalks and Etnies briefly ushered in the 90s before Jason Lee and Jim swept the table clear for a generation of grunge rockers, conscious MCs and others to wallow, before DC began slowly turning up the tech with the Boxer and the newly-reissued Syntax. The oft-maligned D3, also recently reissued, arguably represented the apex/nadir of this period, before Nike’s Dunk fanned the Luddite spark struck by Tom Penny’s Accel-boosting Menikmati part, and within a few years the Half Cab ascended to the throne. Es, which never fully relinquished its mantle of Schemes and Logics, entered the cryogenic chamber as the vulcanized sole trampled all comers.

Are the recent techy stabs a sign that the tide finally is turning away from simplicity or just further fodder to an every-ten-years-tech-shoe fad? Could a longterm tech-shoe revival help propel Quiksilver into a new glory age of booze and boardshorts? Is independent shoe company booster Josh Kalis making a bigger and broader design statement when he talks about ‘choices’? Will the fact that Oscar-winners DJ Paul and Juicy J have one up on Stanley Kubrick, Alfred Hitchcock and Charlie Chaplin ever truly sink in with the general public?

*Which perhaps not coincidentally overlapped with the Puff Daddy era

Cory Kennedy, Celebrating A Shoe, Opens A Texaco-Shaped Back Door For Lil Wayne-Designed Textiles

September 12, 2015

gas-station

New York Fashion Week has come, bearing each customary ounce and parcel of loathing and dread. Behold, the grim reaper marks its approach this year by grimly and financially reaping DC Shoe corporate parent Quiksilver Inc. which earlier in the week sought bankruptcy shelter from creditors after U.S. consumers bemusedly abandoned its boardshorts and sweaters in larger and larger numbers. Nearly $1 billion in debt, shares plunging to 1 cent and eclipsed by nimbler retail gladiators such as H&M, prognosticators projected a pessimistic path for the erstwhile Quik.

“There’s just fewer kids out there that think the surf market is cool,” said analyst Mitch Kummetz of B. Riley & Co. “The heyday of the late ’90s and the early 2000s is a distant memory.”

It is a bleak vision of things to come not just for the DC Shoe Co USA, which remains a much-going skate concern despite Quiksilver axing its skate team 2.5 year ago, but other longsuffering company mavens aspiring toward pudgy soft-goods margins may also find themselfs slapped awake from any lingering all-over print dreams by the harsh reality that not even spacewolf penny completes and branded tote bags could bar Quiksilver’s door against the corporate poltergeists of high fixed costs and irate shareholders.

Yet when titans of commerce stumble, their sharp elbows and 900 pound weightiness can rip holes in the space-time continuum through which copious amounts of shadenfreude may briefly gush, and also roomy enough for upstart entrepreneurs to assert their product visions boldly upon this greasy stage of trade. Lil Wayne, a widely known personal brand from Hollygrove, New Orleans, has pursued skate fandom and purchased Thrasher merchandise long enough to have absorbed the industry’s notorious inclination toward boom-and-bust cycles, a gruesome fiscal paradigm likely all too applicable to the now-blighted business of selling musical CDs and official ringtone files. Having long since moved on from endorsing Girbauds and Hot Boy Wear brand underpants, it only was a natural Darwinian process for Lil Wayne to apply his design prowess to clothes aerodynamically equipped for skateboarding, yet for several seasonal retail cycles Trukfit has seemed to revolve within the same treacherous surfweary space through which the planets Quiksilver, Rusty and Hurley hurtle, unable to penetrate the unlucrative but theoretically critical hardcore skating demographic*.

Adopting the sort of per-diem spendthriftiness of top-tier talents such as known electronics-hoarder Billy Marks may have contributed to the sinking of the good ship Quiksilver US Balance Sheet, but could this same genomic quality prove Trukfit’s salvation? The unfettered, devil-may-care approach to gas-station checkout counters that elevated neon-sided Wayfarer wannabes, mystic wolf t-shirts and exotic straw hats to positions of pride on skateshop shelves could prove Trukfit’s diesel-scented lifering in this time of harsh economy.

Lil Wayne’s presumptive life-ring thrower in this fantasy is none other than industry pool-boy Cory Kennedy, he of the blade shades, leafy sombrero, mid-career abrupt-transition fixation and post-‘Pretty Sweet’ lost weekend. A long-overdue sneaker nod from skate biz cornerstone Nike Inc. last week revealed that Cory Kennedy’s ever-present and malleable hunger for novelty wears has expanded to include Trukfit gear of a rainbowy persuasion, amid leys, grass skirts and certain other Hawaiian accoutrements. In scenes that recall ‘Fulfill the Dream’s’ beloved Wallows sequence except with the brightness inexplicably dialed down, the occasionally Trukfitted Cory Kennedy and his friends crunch through various of Hawaii’s grittier pockets en route to a volcanic peak-to-peak kickflip wallride and a presumptive SOTY-baiting year-end footage dump via ‘Chronicles 3′ and TBA web clips still to come.

Will a midstream transition to gas-station swag status absolve Trukfit from any sins of marketing meetings past and clear a new and lucrative path to skateboarders’ closet-floor piles? Are the stakes for Lil Wayne that much higher following his recent split with Baby and uncertain ‘Carter’ album cycle future? Was the dark Nike clip supposed to imply the viewer is wearing sunglasses the whole time? Is 2015 the year Cory Kennedy’s sponsor cabinet advisers will convince him to ‘apply himself’? Will any resulting SOTY check and bonus sponsor payments trigger a truckstop retailing boom large enough to offset revenue slides triggered by the crude-oil price collapse?

*Identified as persons who own and ride skateboards

Heard On the Street

October 24, 2008


Listen up

Sad news from Listen today:

First of all thanks to everyone who has supported us for the past 4 years. Due to the unforeseen economic downfall and obstacles beyond our control, we have collectively decided to take these next two months to restructure our company financially and operationally in order to bring you a new and improved Listen skateboards and Listenskateboards.com, in January 2009.

Man. First of all, let’s hope that’s two months in calendar time and not “Fulfill the Dream: Coming Soon” time. Either way, hopefully these dudes can hold it together, because right now skateboarding could do with more Listens and less multinational conglomerate hard/softgood concerns.

Speaking of, those guys aren’t doing so hot either…

Foot Locker Inc.

Citigroup Global Markets analyst Kate McShane describes shares in the new owner of CCS as “beaten down” and ripe for buying after FL lost 30% of its value over the past month. It hurts, like a shinner or seeing the words “Core Shop Exclusive!!” in a $102 million mail-order company’s catalog. McShane telegraphs what may be positive news for Es, however: “Over the longer term, we think Foot Locker is well positioned to capitalize on a healthier consumer & a technical athletic footwear trend.”

Globe International Ltd.

Globe caught a tough one last month when they closed out fiscal 2007/2008 with a $24.6 million net loss, but they’re keeping an Australian stiff upper lip judging from their annual report, which looks more like a booking catalog and is probably the only shareholder document to feature beardmaster Chris Haslam gooning it up in a Slayer shirt. Do you think he gets photo incentive for that?

Also, important facts to bear in mind when considering GLB.AX: Major competitors would be other apparel-related businesses providing the same services to the general public through its shops or on-line. Customers are the general public who are fashion conscious.

Billabong International Ltd.

Australia-based surf clothier and owner of Element finds itself pitched on the fickle waves of teen consumerism, and while Billabong hasn’t been hit as hard as some of the other guys, one of their top executives last month unloaded a quarter-million shares just prior to the credit crisis kicking into high gear. It’s never really a good look when one of your top dogs trims his personal stake in the company, but by selling when he did our boy avoided losing $500,000 or so, which speaks to brains of a sort at the helm.

Quiksilver Inc.

ZQK has had a tough run of things, trading this week to a one-year low as debt balloons and investors flee the DC parent like so many Lakai riders. The plunging chart pretty much tells the tale, but why not give the last word to messageboard advice-dispenser “giveitup4muffinz”… “ZQK DEBT NOW = 150% OF MARKET CAP this turd is sinking fast!!! this company is f*cked!!! do not invest in this company. you’ll be broke. it’s going under!! no future for ZQK.