Tag: surfwear

  • Billabong shares dive on omni write-off

    Billabong shares dive on omni write-off

    Shares in Billabong have skidded as the struggling surfwear retailer said it will take an $11.7 million hit after terminating the service provider engaged to integrate its wholesale, retail stores, e-commerce and social media platforms on line.

    Billabong shares finished six cents, or 7.3 per cent, lower at 76 cents on Friday.

    The retailer said despite the impairment it remains committed to rolling out its “omnichannel solution” – part of a strategic turnaround implemented over the past 12 to 18 months.

    The company says it expects to do so close to its original budget estimate and anticipates the first of its new e-commerce websites, Surf Dive ‘n’ Ski, will be launched before the end of 2017.

    In February the retailer downgraded its full-year earnings guidance after its first-half loss widened to $16.1 million.

    The Gold Coast-based retailer said at the time it expected full-year earnings before interest, tax, depreciation and amortisation (EBITDA) of between $52 million and $57 million, down from the previous forecast of $60 million to $65 million.

    The company had flagged that full-year earnings would rely heavily on the second-half, when the Americas business is expected to pick up significantly.

    Billabong will release its full-year results on August 30.

    In June, the surfwear brand appointed ex-Nordstrom executive Jim Howell as its chief financial officer, replacing Peter Myers who has served in the role since January 2013.

    Billabong also recently sold off the Tigerlily brand from its portfolio, as part of trimming the business and paying down debt.

  • Tenant Manila is a cafe and a surfwear shop in one

    Tenant Manila is a cafe and a surfwear shop in one

    On the ground floor of Solace Hotel in Makati, there is a coffee shop, and just above it, a lifestyle boutique specializing in surfwear. It’s an unfamiliar, if welcome, amalgamation of the laid-back vibe of a neighborhood cafe, the stylish urbanity of the city, and the anything-goes attitude associated with going out to the water to catch some waves. How, then, has such a place come to exist?

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    Nearly 20 years ago, the designers Anton Lopez and John Esguerra met while working at Diesel in Italy before eventually going on different paths. “When John moved to Hawaii to surf and design, I moved to Hong Kong to work for Nike,” Lopez explains. “We stayed in touch and always spoke about the potential of developing our own brand and retail concept.” Despite their Filipino heritage, neither Lopez nor Esguerra grew up in the Philippines. This led them, Lopez says, to be “fascinated with the idea of coming ‘home’ and developing a unique brand that was based in Manila [and] had strong influences and inspiration from all the places we’ve lived.”

    Tenant Edit.jpgQuality Peoples statement tee. Photos by PATRICK DIOKNO.

    Out of that fascination came Tenant Manila, a cafe-boutique opened in February that is, according to Lopez, “rooted in surf and beach culture,” something they felt was “a natural and authentic fit for a brand developed in the Philippines.” The coffee shop serves an array of drinks (aside from the caffeinated kind, they have tea, juices, and alcoholic beverages), snacks, and meals. Meanwhile, the second-floor shop sells everything from men’s apparel and accessories to surfboards and even books. “The idea behind merging a cafe and a retail shop was to blur the lines of what a retail experience is meant to be,” Lopez says. It’s a concept that they believe appeals to everyone: “We wanted to create a space where you can shop, design, meet, have a drink — multipurpose without any pretenses.”

    Tenant 4.jpgMollusk windbreaker, Saturdays NYC tee and H&M trousers. Photos by PATRICK DIOKNO.

    Lopez believes that Tenant is distinct in its branding. “We believe we distinguish ourselves first by our unique brand partners,” he says. “Most of [them] decided to launch first with us in the Philippines.” The shop carries products by Saturdays NYC, Converse, Kapital, Mandala (making its retail debut), Mollusk, and Esguerra’s own Quality Peoples, to name a few. In addition, they are expanding the shop’s offerings within the year with new menu items, new brands, and events relating to art, music, and film.

    The largest project will involve the development of an in-house brand with its own products this summer. “[It] will encompass Tenant culture,” Lopez says. “Good quality, attention to detail, relaxed and authentic clothing and accessories.”

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    Lopez and Esguerra believe that what they’ve built really connects to the modern Filipino lifestyle. “I think we are, in essence, a modern concept and creative brand,” Lopez shares. “And with that alone, I think we fit into anyone’s lifestyle. We hope to connect with Filipinos based on our honest and thoughtful approach through all aspects of the Tenant brand.” He adds: “Our hope is that Tenant is recognized as a creative environment for everyone, a space with beautiful and well-curated apparel and goods. Somewhere to have a great cup of coffee and good conversation with your friends.”

    Tenant 5.jpgSaturdays NYC knit pullover (left) and Saturdays NYC bonnet. Photos by PATRICK DIOKNO.

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    Styled by David Milan
    Grooming by Gery Penaso for MAC Cosmetics
    Modeled by Javi Marcalain
    Shot on location at Tenant Manila