May 26, 1999 |
Pacific Sunwear of California Inc. said Tuesday that it named a new chief operating officer to help carry out aggressive expansion plans. Mark Hoffman, 50, will fill a position at the big Anaheim youth-apparel retailer that has been vacant since Greg Weaver was promoted to chief executive in 1996. "With our growth plans going forward, we really felt we needed to fill the position," said Carl Womack, chief financial officer.
May 8, 1999 |
Mossimo Inc. continued its slide in the first quarter, reporting Friday that it lost $1.5 million while sales dropped 42% in the three-month period. The sales decline was attributed in part to a narrower product line and the reduction of unprofitable accounts. The Irvine-based clothing designer has undergone a siege of belt-tightening as it struggled to rebound from difficulties that arose after shifting from its beachwear roots to more fashion-oriented apparel.
April 29, 1999 |
A judge could rule as early as today on whether to temporarily block the sale of upscale women's clothier St. John Knits Inc. of Irvine to the family that founded it. Disgruntled shareholders are asking Orange County Superior Court Judge William F. McDonald to issue a preliminary injunction that would stall the sale of the upscale women's clothing company until the case goes to trial or is settled.
April 9, 1999
Pacific Sunwear of California Inc. said Thursday that sales for the five weeks ended April 5 surged 34%, to $33.8 million. Sales at stores open at least a year--a key measure of growth--rose 7.6%. The Anaheim-based company sells surf and skate apparel and accessories at 353 stores in 43 states. Its shares fell $1.75, to $36.25, in Nasdaq trading.
April 6, 1999 |
Ocean Pacific Apparel Corp. launched a $4-million multimedia ad campaign, the surf wear maker's first major marketing blitz in a decade. Magazine ads showing slice-of-life scenes featuring "everyday beach kids" began appearing last month in various magazines, including Surfer, Surfing, Spin and Rolling Stone. Radio spots also are promoting Op's products and its annual summertime Op Pro surfing contest in Huntington Beach.
March 3, 1999 |
A Superior Court judge on Tuesday rejected a motion to have a receiver appointed to control Amen Wardy Home Stores LLC, a subsidiary of upscale women's clothier St. John Knits Inc. In an ongoing court battle with the Irvine-based St. John, the home store chain's namesakes--Amen Wardy Sr. and Amen Wardy Jr.--had asked the court to appoint the receiver. The Wardys have alleged that the home store chain has been mismanaged by St. John executives since Amen Wardy Jr.
March 2, 1999 |
Capitalizing on the popularity of its red-hot Roxy line, Quiksilver Inc. announced Monday the launch of its first denim line for juniors. The Costa Mesa-based surf-wear maker said it will release six styles of the Roxy Jeans this fall. It also will introduce a Quik Jeans line for men and boys, with eight new styles.
February 26, 1999 |
The news hit Southern California's surf apparel industry like a tsunami: Bob Hurley, who built Billabong USA into one of the biggest and most cool names in the rag business, was leaving to form a new company that would compete directly with Billabong. His disclosure last summer was the equivalent of Lee Iacocca's leaving Ford Motor Co. in the late 1970s to join rival Chrysler Corp.
February 25, 1999 |
One of St. John Knits Inc.'s largest outside shareholders has filed a lawsuit contending a bid by the founding Gray family to buy the company is too low. The legal challenge was filed Tuesday in Orange County Superior Court by the San Francisco-based Parnassus Fund, which owns 325,000 shares, or 2%, of the stock in the upscale women's clothing company. It is the latest in a string of lawsuits that have been filed against Irvine-based St. John since December when Chief Executive Robert E.
February 17, 1999 |
Sunglass maker Oakley Inc. reported Tuesday that earnings were flat in the fourth quarter, despite a 19% increase in sales. The Foothill Ranch-based company attributed the lackluster earnings, in part, to its continued investments in new products, including new lines of athletic shoes and wristwatches launched last year. The new products "represent important growth engines for the years ahead," Chairman Jim Jannard said in a statement.