by The Editors on March 11, 2008
Carlsbad golf clothing company Ashworth has today reported that they lost $7.4 million in the first quarter on $34 million in revenue. That’s compared to losing $2.4 million in the first quarter of 2007.
Revenue for the quarter ended Jan. 31 fell to $34.5 million from $38.3 million. Shares of the Carlsbad, Calif.-based provider of golf apparel and sportswear closed the regular session down 5 cents at $2.65, but rose about 5.4%, or 14 cents, to $2.79 in after-hours trading.
Maybe things can get worse.
[Link: CNNMoney.com]
by The Editors on March 11, 2008
According to a story in the San Diego Union-Tribune Connie Liu, 12, “an eighth-grader at Aviara Oaks Middle School in Carlsbad,” was the runner-up in the San Diego County Spelling Bee held this morning at the Scottish Rite Memorial Center, Mission Valley. She lost to the repeat winner Justin Song of Carmel Valley Middle School.
Nice work Connie. You’re making Carlsbadistan proud.
[Link: San Diego Union-Tribune]
by The Editors on March 11, 2008
According to a Scott Bair story in the North County Times, Carlsbad resident Matthew Wild “severely injured his spine diving into a swimming pool in May 2003, just weeks before graduating from Santa Fe Christian School.” Now thanks to an organization called Life Rolls On, Wild had the chance to get back on board.
It’s been a long time since I’ve been in the water, so that in itself was a great experience,” said Wild, who also starred on the Eagles basketball team that won a CIF San Diego Section title in 2003. “It’s completely different than the surfing I’m used to, but it was still awesome to be a part of it again.”
[Link: North County Times]
by The Editors on March 11, 2008
A little ad agency from Carlsbadistan (who got famous pimping sneakers for Airwalk back in the day) is now launching Skyy Vodka’s newest product Skyy Infusions. But apparently, Lambesis really is that good (and not all that small).
Instead of its traditional brand advertising that posits the liquid in chic, club environments, the Infusions print ads will feature only the new bottle and fruit imagery, as well as educational copy. An ad for the raspberry flavor includes a listing of BTI scores, and the tag: “Why drink artificially tasting vodka when you can go natural?” Ads direct users to SkyyInfusions.com for more information. A 15-market, two-month mobile marketing tour and online ads also support.
Congrats, Lambesis. We’re just bummed we’re going to have to wait 20 days to taste some.
[Link: Brandweek.com]
by The Editors on March 11, 2008
The Carlsbad-based health water company Penta is relaunching this month according to a story on Brandweek.com. Apparently, the “patented process that allegedly produced a five-sided molecule” had some trouble with its science. Now, “the water will be touted as ultra-purified, antioxidant water with no additives.”
Who cares how many sides are on the molecule? Let’s keep it focused on consumer benefits,” said Dennis O’Brien, CEO at Penta, Carlsbad Calif. The veteran ConAgra and Procter & Gamble exec took the helm nine months ago.”
Well, we guess if the CEO doesn’t care, well, then Penta is just really pure water with a $4 million ad campaign behind it. Then again, this same strategy has worked pretty well for Evian. Anyone thirsty?
[Link: Brandweek.com]
by The Editors on March 11, 2008
Kind of looks like we’re overloading a little on Carlsbadistan business stories, but for some reason we’re finding them interesting today.
Like this one for example: Entriq is a Carlsbad-based company (owned by South Africa’s Naspers) that claims to be the only “all-in-one pay media solution that makes turning your content into cash as simple as DragDropSell.” Entriq has just purchased DayPort, a company that “helps media companies syndicate, manage and monetize their online video properties” for $10 million.
Guy Tennant (click here for an interview), Entriq chief operating officer, said DayPort’s advertising-supported model will add an important dimension in the culture of Naspers, whose biggest business is managing pay TV programming. “We’ve been all about premium content,” he said. “What we haven’t done yet is work on the free content side.”
And to think, all this is going on while we’re out surfing. We love living in Silicon Beach.
[Editors’ Note: Apparently, we were surfing a little too much as we failed to mention (or notice) that the sale was actually for between “$10 and $50 million.” Probably on the higher end. Thanks, John.]
[Link: The Red Herring]
by The Editors on March 8, 2008
Now that Chrysler has fallen into the hands of “private equity firm Cerberus Capital Management LP” things are obviously tightening up. That is a bummer for workers in the Carlsbad advanced design studio.
Chrysler says Friday night that work from the studio in Carlsbad will be moved to Auburn Hills, where the automaker has its headquarters. Chrysler plans to work with the about 20 Carlsbad employees affected by the closing. . . . In the statement, Chrysler says: “These moves are designed to help Chrysler become a more globally focused manufacturer.”
We’re guessing it’s more about cutting costs.
[Link: mlive.com]
by The Editors on March 7, 2008
by The Editors on March 7, 2008
Islands Restaurants, the Carlsbad-based operator of “59 company-owned restaurants” has announced that they are “calling it quits in Elk Grove, California.”
Cynthia Darlington, marketing director for the Carlsbad-based chain of 59 company-owned restaurants, said the Elk Grove site was “not performing up to our expectations.” . . . Islands was prepared to stick it out, she said, but another restaurant group offered to pick up Islands’ lease and buy its equipment. She could not identify the chain, but said it probably was “better suited for Elk Grove” than Islands proved to be.
We had to laugh at one of the comments: “What, an all you can eat trough?” Don’t worry. We still love your fries.
[Link: Sacramento Bee]
by The Editors on March 7, 2008
Sero Propeties, a Los Angeles-based company, has apparently purchased a large chunk of The Island at Carlsbad (that mall up in the netherlands of College and Faraday) from Orange County-based Island Property Partners, LLC for $23.6 million dollars according to story on crefeed.com.
The acquisition includes 39,982 square feet of retail space within the Island at Carlsbad, which was built in 2000. The two-story retail project is located at 5813 Van Allen Way and is currently leased to tenants including Carl’s Jr., U.S. Healthworks, TD Waterhouse, First Future Credit Union, Randstad U.S. and The Islands Oasis Food Court.
[Link: CREfeed.com]
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