Stylish yet functional headphones are all the rage these days among consumers but competition is fierce. Skullcandy CEO Hoby Darling sees 2014 as an opportunistic year with new product offerings, including women's headphones and sports performance headphones. The company recently announced a partnership with Toshiba to enhance the computer-markets audio quality on its laptops, and Darling foresees creating more partnerships. He also says that the company is reassessing its distribution partnerships and looking to sell only at retailers that can do a "great job" telling the Skullcandy story.

Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.

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