CCS Invades Local Skate Shop to Recruit Employees

In case you haven’t seen the post on the Transworld Business Forum (http://business.transworld.net/35856/features/friday-free-for-all-core-shops-vs-ccs/) or didn’t get the email directly from BRA Board Member, Todd Canipe of Vertical Urge in Raleigh, North Carolina, last week a “recruiter from CCS/Champs/Foot Locker” came into his shop and park with fliers encouraging his local shop kids to apply for employment at the new CCS store opening at a nearby mall. Todd has been aware of the new store opening for 6 months but was caught off guard by the blatant recruitment in his shop and park. Todd wants to share his experience as a reminder to other specialty retailers to be smart and prepared, as a CCS store is likely to be coming to...

Foot Locker Opening 10 CCS Stores

In case you missed the coverage on Shop Eat Surf and Transworld Business, Foot Locker has announced their continuing expansion into the skate shoe world by opening 10 new CCS stores in 2010. This is in addition to the two test stores they already have in Santa Monica, California and Garden State Plaza, New Jersey. At the same time, parent company Foot Locker continues to struggle financially and will close a number of other under-performing stores bearing the Foot Locker...

CCS to Open Brick-and-Mortar Store

Online skate retailer, CCS, is opening a store in California and one in New Jersey down the road. Most of you will recall that CCS was bought by Foot Locker about a year ago. In the first quarter, Foot Locker said CCS sales were weaker than planned. However, Foot Locker expects CSS to generate a double-digit profit margin for the year. In other skate news for Foot Locker, executives said the company is launching a large skate initiative in a “significant” amount of its European stores. Vulcanized shoes are a hot trend that is “developing rapidly” in the global marketplace. Vulcanized styles from Nike, Adidas, Puma and Converse are performing particularly...

Foot Locker Buys CCS Website

As reported by Tiffany Montgomery of Shop Eat Surf. Foot Locker purchased CCS, dELiA*s direct-to-consumer website for $102 million. CCS is the leading retailer in the United States that sells skateboard footwear, apparel and accessories through catalogs and the Internet with revenues expected to exceed $80 million in 2009. The target customer of CCS is a teenaged boy who actively participates in the sport of skateboarding. CCS, founded in California in 1985, is currently managed by a strong merchant team located in New York City, led by Susan Van Arsdale who will remain with CCS as managing director. “The impending purchase of CCS is in line with one of our strategic priorities — pursuing the acquisition of athletic footwear and apparel retailers that are compatible with our existing portfolio of businesses,” stated Matthew D. Serra, Chairman and Chief Executive Officer of Foot Locker, Inc. “We believe that expanding our offerings in the skateboard category will allow us to broaden our appeal to the teenaged male, providing an exciting growth opportunity for our Company. The combination of the highly regarded CCS management team and our well-run Footlocker.com/Eastbay operation is expected to provide significant benefits to both businesses.” “Our Company’s strong financial position enables us to complete this opportunistic transaction in a timely manner as an all-cash transaction,” continued Mr. Serra. It is expected that the agreed upon acquisition will be accretive to Foot Locker, Inc.’s diluted earnings per share within the first full year of operation.” Barclays Capital is serving as the exclusive financial advisor to Foot Locker, Inc. Foot Locker, Inc. is a specialty athletic retailer that operates approximately...

Attendee Comments on the BRA Retail Summit

“It (The Retail Summit) gave me the opportunity to meet some new friends and reconnect with some old ones. There was so much good information and healthy interaction that I almost wanted to get back into retail. I look forward to helping further the retail/manufacturer relationship in the future. There is so much to consider with fully vertical retailers, internet sales, domestic and international economy pressures and our customers changing lifestyles. The more we all understand our changing business environment and the effect on each other, the better chance we have to grow our business together. Lets be smart and work hard to keep this open communication and exchange of information going. I’m still reeling from the stoke.” Glenn Brumage, IASC “I had a killer time (in Puerto Rico), learned an assload of stuff, danced with some Puerto Rican babe and met some incredible people.” Shawn Taylor, Santa Cruz Surfboards “I just wanted to say that I got a lot out of the Summit, and the content was extremely rich. I’ve been doing this retail thing for a long time and sometimes it can be quite uninspiring. I walked away from last week feeling re-charged and inspired. I’m not a big group email kind of guy, but I just wanted to say that you did a good job. Keep it up!” Pete Censoplano, Sun Diego “I know that all the Sk8 shops, Sk8 Park owners and retailers that attended were very stoked on [IASC’s] presentation. Your state of Skate combined with the Skate Deck merchandising report and creative thinking exercise were a big hit! I’ve received a ton of...