Action Sports Hub Winners and Losers of 2010 and What To Look for in 2011

Dec. 20, 2010 - PRLog -- Action Sports Hub Inc. (WWW.ActionSportsHub.com) is moving forward as the 2010/2011 winter season starts, the Action Sports Industry summer sports slows as athletes prepare for next year. Action Sports Hub highlights all the downfalls, crashes, winners, losers and business in 2010.  Action Sports as a whole is still progressing as taking over the mainstream of our youth generation as it has made great strides to be a lifestyle as well as sport.  To see all the highlights of 2010-winners, losers, standout performances, go to www.ActionSportsHub.com.  If you’re a company looking to get into the ‘core’ circle of Action Sports or MMA contact sales at info@actionsportshub.com.  You can also follow Corner Man, a division of Action Sports Hub at twitter @CornerManMMA, or Facebook at “Corner Man” or Action Sports Hub at @ActionSportsHub on Twitter or ‘Action Sports Hub’ on Facebook.  

Other Action Sports Industry News: Quiksilver, Inc. , VF Corporation , Macy’s , Crocs, Inc. , Rocky Brands, Inc.  and MasterCard Worldwide .  

Quiksilver, Inc.  announced operating results for the fourth quarter and full year ended October 31, 2010. Consolidated net revenues from continuing operations for the fourth quarter of fiscal 2010 decreased by 8%, which was a smaller decrease than the company expected a quarter ago, to $495.1 million compared to $538.7 million in the fourth quarter of fiscal 2009. Fourth quarter pro-forma income from continuing operations was $21.8 million or $0.12 per share, compared to $3.2 million, or $0.02 per share for the fourth quarter of fiscal 2009. Pro-forma income for the fourth quarter of fiscal 2010 excludes a $34.4 million non-cash write-off of deferred debt issuance costs associated with previous financings in addition to $7.9 million of non-cash asset impairments and $2.6 million of restructuring costs. A reconciliation of GAAP results to pro-forma results is provided in the accompanying tables. Including these amounts, the loss from continuing operations for the fourth quarter was $23.1 million or $0.15 per share, compared to $15.7 million or $0.12 per share in the same quarter a year ago.

A Division of VF Corporation  announcement, Skip Yowell, JanSport Co-founder and Vice President of Global Public Relations announced his retirement, effective December 31, 2010.  Yowell, together with two colleagues, founded JanSport in 1967 in Seattle, Wash., while in search of the perfect hiking pack. What began as a passion for climbing and hiking turned into the #1 selling daypack in the world. Yowell’s innovative ideas did not end there; he is also credited with creating the first dome tent, waist-suspension flexible frame pack, travel pack and the panel-load daypack.  Yowell has traveled the world giving presentations on the JanSport® heritage, including expeditions and adventure travel in Tibet, Everest, Kangchenjunga, Kilimanjaro and many other destinations around the globe. JanSports, a division of VF Outdoor Inc., a Company owned by VF Corporation that is a global branded lifestyle apparel company with over 30 brands.

Rocky Brands, Inc.  announced that it will implement the Company’s leadership succession plan by promoting President and Chief Operating Officer David Sharp, age 55, to President and Chief Executive Officer, effective July 1, 2011. Current Chief Executive Officer and Chairman of the Board Mike Brooks, age 64, will continue to serve as Executive Chairman of the Board.

83-hours of non-stop shopping start on Tuesday, December 21 at 7 a.m. as Macy’s  opens its doors and keeps 14 stores open round-the-clock until 6 p.m., December 24, Christmas Eve. A shopper’s favorite for five years, Macy’s 24-hour stores make the holidays merrier as the homestretch of the gift-giving season nears.  Overnight and extended hours at select city and mall stores in the New York/New Jersey metro area, greater DC and Philadelphia metro areas, as well as California, Illinois, Massachusetts, Michigan and Minnesota take the rush out of the season and give shoppers the flexibility to shop when they want to. With 14 stores pulling all-nighters, and nine stores offering extended hours until 2 a.m., Macy’s goes the distance in delivering customer service and convenience during the holiday season.

Crocs, Inc.  announced that the company achieved a milestone of donating more than 2.5 million pairs of shoes as part of its Crocs Caressm corporate social responsibility program. Through Crocs Caressm, the company seeks to make a difference in the lives of children and families in need through initiatives that positively impact the environment, employees and local and global communities.  The announcement follows a donation of 20,000 pairs of shoes this week to a number of Colorado nonprofits, including Volunteers of America, Mental Health Corporation of Denver and Airline Ambassadors, each providing humanitarian aid to children and families in need as well as relief and development to under-privileged communities worldwide. Through these nonprofits, the donated shoes will come as a welcomed surprise to hundreds of USO (United Service Organizations) service members and their families, as well as low income families in Denver this holiday season.

PerkStreet Financial, the progressive online financial services company, and MasterCard Worldwide  announced an exclusive partnership to offer innovative financial products to MasterCard cardholders as part of PerkStreet’s checking account rewards program. As part of the agreement, PerkStreet will convert its debit card program to MasterCard early next year.

Disclaimer

Action sports Hub (ASH) is NOT a financial advisor, broker, or even in the finance business.  All the above news is already released news direct from the companies in the news.  Action sports Hub and its divisions are an advertising firm that redistributes news through its various means of online, print, radio and television marketing.  From past experience, any time you make an investment you should consult a financial advisor or someone who specializes in that field.  Again from past experience, most financial advisors don’t know what they are doing and lack focused and long term training in finance so therefore we recommend you get a few opinions just to make sure you have good information.  If it smells bad, often it is!  ASH does not own any shares of the listed companies in this release, nor are we getting compensated to put this information out nor are we trading the shares.  We just find that it is timely, interesting, and helps the distribution on what we are really trying to say which is, “Go to Action Sports Hub website (www.actionsportshub.com) to get up to date Action sports and MMA information and news.”  ASH is not liable for the information displayed as it all has been resourced from a public forum, company website, OR financial directory.  There are specific rules that we can interpret for you about press releases, but chances are we’d probably interpret them wrong, or you wouldn’t understand what we are trying to say.  There for we recommend you go to SEC.GOV and read the sections on “laws and regulations” and learn about the acts of 1933 and 1934 because there are forward looking statements in some of the company statements that are not meant to be solicitations for securities, they are merely forward looking.  ASH has no opinions on these statements. What we print is believed to be true and from reliable sources.

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