Active Goes Bankrupt!

26 03 2009

I remember way back in the day (the 90’s) when Active and Utility Board Shop first started out and the rivalry between them. Both coming from the same areas in or around the IE.

Growing up in Upland, you either shopped at one or the other, not both. Active always seemed like the “surfer bra” type of shop, where as Utility was more-so for the skater and a bit more “real.”

As Active built upon it’s empire the past few years, Utility expanded but in a more “reasonable” way. I guess “Active” sold themselves out a little too far, I mean “spread themselves out a little too far,” cause now they are Chapter 11: Broke as fuck.

Such a shame, I wonder how Utility’s doing?

Active’s rapid expansion over the past few years required significantly more investment and financial resources – while revenues essentially stayed the same.

As result, Active is projected to record a $7.7 million loss for the fiscal year ending March 31.

Read all about the monetary blunder at SHOP-EAT-SURF.COM

activebkchart

Advertisements

Actions

Information

One response

15 04 2009
ugetwhatudeserve

WOW maybe JW should of kept a closer eye on all that money he was hiding… or maybe being a “family” is more then just business… oh WELLLL!!!

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s




%d bloggers like this: