Nominations Open for SIA SnowSports US Retailer of the Year Award. Nominate your shop Now!
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Goal is to Engage Youth in Alpine Skiing, Snowboarding, Cross Country Skiing and Snowshoeing
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SIA announced the release of the 2009 Snow Sports Market Intelligence Report, which provides insight into retail sales and participation trends, demographics for snow sports participants, analysis of weather, and analysis of the industry as a whole.
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Tight credit and current inventory blamed for sluggish pre-season snow orders.
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SIA releases consumer panel survey on ways retailers and manufacturers can meet riders’ environmental desires.
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SnowSports Industries America releases attendance numbers for the Vegas’ last hooray .
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Many conversations at SIA 2009 last week were focused around securing or maintaining credit lines, according to a recent report published on SIA’s official Web site.
“Although overall dollar and unit sales were kept afloat in the early season by strong carryover sales, the discounts that brought shoppers into snow sports stores have left retailers with less working capital. Some retailers indicated that they might have difficulty paying for product already sold this year and that which still remains in their inventory.
Many suppliers in the snow sports industry provide retailers with working capital through payment terms that effectively result in the suppliers providing ‘lines of credit’ to retailers. Payment terms of 30 days are standard in most other industries but snow sports vendors often offer retailers credit of 120 days or more. Due to these longer than normal payment terms, vendors in the snow sports industry save buyers over $30 million each season in interest charges that would be paid to financing institutions were the retailers utilizing typical bank financing.
Additionally, most suppliers accounts receivable are unsecured. This means buyers are not required to provide collateral to secure them which can result in write-offs if and when those retailers fail to survive.”
Read the entire article HERE.
Each year, SIA compiles industry studies to give members a comprehensive view of the year that was. Last season’s report just came out and found that snowboarding was a 475 million-dollar business domestically. Here’s who spent those dollars where.
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Snowsports Industries America has been dotting its i’s and crossing its t’s in preparation for the move to Denver in 2010 for several years already. Transworld Business joined the SIA team on November 6th to hear what’s new and give the Denver Convention Center a look see.
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