Board Retailers Association Mourns Loss of Greg Bennett

WRIGHTSVILLE BEACH, NC (September 29, 2009) – It is with great sadness that the Board Retailers Association (BRA) announces the loss of Greg Bennett. Greg and his wife Jill owned Birthday Suits, a specialty chain of North Carolina shops focused on swimwear. Greg was a founding member of BRA, a Board Member since 2003, a great retailer, and a close personal friend. He has been in business and active in the industry and his community for 25 years. Our thoughts and prayers go out to his family. “I have known Greg for almost ten years and I cannot express my deep sorrow for his family’s loss. Greg was an amazing source of inspiration for me personally and the association during our formative years,” said Mike Duncan, BRA President. “We would not be where we are today without his support and I am forever grateful.” Greg’s memorial service was held Monday, September 28th in his hometown on the Outer Banks of North Carolina. The family asks that in lieu of flowers, donations be made to Relay for Life Outer Banks, c/o Jill Bennett at 322 Sir Chandler Drive, Kill Devil Hills, NC...

SURF INDUSTRY RIDING OUT THE ECONOMIC STORM

Findings of SIMA’s Retail Research Show Resiliency of the Surf/Skate Industry Aliso Viejo, Calif. (July 9, 2009) — The surf/skate industry is showing notable resiliency during recent global economic challenges, posting U.S. retail sales of $7.22 billion in 2008 according to the Surf Industry Manufacturers Association (SIMA). In a third-party research study conducted by the Leisure Trends Group (LTG) and commissioned by SIMA, the 2008 SIMA Retail Distribution Study, findings released today indicate that the surf industry is holding strong. The study indicates that the surf industry experienced a slight dip in 2008 with retail sales hitting the $7.22 billion mark compared to $7.48 billion in 2006 (a 3.5% decrease). Softness was most apparent in the fourth quarter of 2008, coinciding with the global economic indicators of that time. However, the surf industry has shown substantial growth of 10% for the last five years. The SIMA Retail Distribution Study is conducted biannually, and launched in 2004 with findings showing U.S. surf/skate retail sales at $6.52 billion at that time. “While the surf/skate retail industry is not immune to the downward pressure on retail sales nationwide caused by the global recession, the resiliency of the surf/skate industry is very positive and promising,” says Doug Palladini, SIMA President and Vice President of Marketing for Vans. “Powerful brands with close connections to their consumers will see us through these challenging times and put us in a strong position as the overall economy rebounds.” The 2008 SIMA Retail Distribution Study cites several key factors as driving the overall consistency of the surf industry, including: loyalty of core surfers and skaters to the lifestyle...