Volcom Case Study
Introduction
The Volcom brand is inspired by the energy of youth, following their motto “youth against the establishment.” The athlete-driven brand is creative and forward thinking in designing and marketing their products. Volcom was first designed for board sports, being greatly influenced by surfing, skateboarding and snowboarding. The young men’s and women’s lifestylesports brand distributes accessories and other related products under the Volcom and Electric brand name. The Stone symbolizes the Volcom brand and the Volt symbolizes the Electric brand.
Before working at VolcomRichard Woolcottjoined the Quicksilver surfing team at the age of 14 and then later worked in marketing and promotions for the company, from 1989 until 1991. In 1982 until 1985 he was a member of the National Scholastic Surfing Association National Team, and in 1985 he became a member of the United States Surfing Team. Woolcott attended Pepperdine University and earned a Bachelor Degree in Science andBusinessAdministration after recovering from a serious surfing injury.
It was on a snowboard trip that Richard Woolcott and Tucker Hall first talked about starting a clothing company and then decided to start a riding company revolving around the three sports they loved, snowboarding, surfing and skateboarding. Volcom was born into a philosophy at the time “youth against establishment”. In Southern California 1991 Woolcott and Hall founded Volcom. Volcom was born from a background of surfing, skateboarding and snow sports. Volcom’s open-minded approach in life also reflects in their business. Volcom is constantly changing, moving with the times and events in the world, and using their creative output.
Volcom Inc. became public in 2005. With the company pricing $4.69US million shares at a rate of $19US a share, eventually raising Volcom to$89USmillion. In 2008 the company took the ownership of Electric Visual Evolution for $25.3US million.