SIA Retailer Advisory Committee Meeting September 23rd, 2009 Denver , CO SIA Retail Advisory Committee A committee of retailers to advise, guide and direct SIA with initiatives for growing the snow sports industry through specialty retail. AGENDA State of the Marketplace September 2009 Consumer’s Perspective (Slumping Economy and Higher Prices) • • • • • Average 401K became a 201K in 2008/09 Unemployment in double digits and no job is safe (snow sports demographic rate from 2.1% in March 2008 to 4.7% in August 2009) Wage growth flat 2000 to 2007 Lack of vacation time and discretionary income Fear Retailer’s Perspective (Uncertainty and Risk) • • • • • • Poor economic conditions made bargain shoppers out of everyone 2008/09 season margins thin resulting in less profit and diminished cash flow Growing online sales siphon customers from shop floors Continued difficulty securing credit Potential consolidation of retail market Fear Supplier’s Perspective • • • • • • • • Pre-season equipment orders for equipment down 20% (early estimate) Burden of risk falling on suppliers Credit market still tight Suppliers covered over $30 million in retailers’ debt Marketing costs increasing Retailers cash flow issues translating into late receivables Consolidation – conglomerates buy struggling smaller brands Fear Resort’s Perspective • • • • • 57 million Skier/Rider visits for 2008/09 season Economic conditions improving for next season Baby boomers leaving the slopes at 150,000 per year with smaller Gen X behind them 2009/10 snowfall unpredictable Fear Total Snow Sports Market Executive Summary 2008/09 Season Total Snow Sports Market 30% of all alpine skis and 24% of all Summary snowboards were sold at or below Overall Market (Includes Carryover Sales) Executive $760 million in equipment (-6%) $1.1 Billion in apparel (-5.5%) $952 million in accessories ( -2%) Specialty shop sales (60.5%) - 7% in units - 8% in $ to $1.7 billion Skier/Rider visits to 57 million for the 2008/09 season down from a record 60.5 million in 2007/08*** Internet sales (19.4%) +23% in units + 12% in $ to $547 million Cash flow in retail suffered as margins thinned due to heavy discounting Consolidation expected for many suppliers and retailers Pre-season orders for equipment down 20%-30% according to early reports 15 million snow sports participants in the U.S. and almost 9 million that identify themselves with a snow sport but did not participate in 2007/08** Chain stores (20.1%) -3% in units -7% in $ to $567 million cost in 2008/09 All Specialty Inventories UP .3% units, 11% in $ Equipment up 12% in units and 19% in $ Apparel up 2% in units and 6% in $ Accessories down 2% in units and up 6% in $ *SIA Retail Audit top lines. **Sports Participation Coalition 2008. ***May 2009 NSAA Statement by M. Berry. STATE OF THE INDUSTRY│State of the Snowsports Market Lost wealth and job losses at every level kept consumers cautious in their discretionary spending particularly for big tickets items for themselves. However, they did keep going to the slopes. 57.4 million skiers rider visits Overall, the snow sports market was down just 4% in $ and 2% in units but margins hit a ten year low 20% of equipment went out the retailers’ doors at or below cost CHANGE!! SIA Participation Panel 1 in 14 Americans consider themselves snow sports participants ● SIA collaborated with several other sports oriented organization including the U.S. Golf Association, the Outdoor Industry Association, U.S. Tennis Association, and the Sporting Goods Manufacturing Association to measure broader aspects of snow sports participation than those covered in the National Sporting Goods Association participation data used throughout this report to indicate top line participation trends. More than 41,500 individual surveys were conducted for this study. ● 3.9 million consider themselves skiers or riders but did not participate in 2008. ● There are 14,828,000 (cross country, downhill, freestyle, telemark, snowboard) participants in snow sports. ● Total U.S. Market: 19 million persons. 8 12,000 10,000 Alpine Ski down 1% 8,000 41,500 responses Snowboarding up 5% 6,000 Cross Country Up 9% 4,000 2,000 0 2005/06 2006/07 2007/08 Skiing (Alpine/Downhill) 10,491 10,362 10,346 Skiing (Cross Country) 3,342 3,530 3,848 Skiing (Freestyle) 2,982 2,817 3,711 Snowboarding 5,998 6,841 7,159 Snowshoeing 2,587 2,400 2,922 Telemarking (Downhill) 1,556 1,173 1,435 Source: SIA Particpation Panel Study 2005/06 to 2007/08 Micro Trends 2008.09 Season • High performance alpine boots up 13% in $ • Skis are getting fatter, fat skis sales grew this season • Reverse camber snowboards changed the snowboard market • Sales of goggles, helmets, gloves, winter boots, and wax increased this season • 95,000 apparel suits sold this season, most were for kids which is 20% growth in units and 9% growth in dollars Snow Sports Market Average Prices 2007/08 Season Alpine Equipment Snowboard Equipment Nordic Equipment Telemark Equipment Apparel Accessories $254.79 $183.96 $80.11 $287.86 $130.55 $30.28 2008/09 Season $253.20 $179.61 $82.72 $287.89 $122.12 $30.63 SIA Retail Audit, Aug – March 2008/09 Average Prices [Adult only] in All Snow Sports Sales Channels, Adult only, Carryover not included. Best Sellers All Ages, All Channels 2008/09 Alpine Skis Snowboards K2 Indy Ski, Jr K2 Luv Bug, Girls K2 T-Nine Sweet Luv ROXY Sweetheart Ski System, Girls VOLKL Mantra BURTON – Bullet Series BURTON – Chopper Series BURTON – Clash Series BURTON – Custom Series BURTON – Feather Series, Wms LIB TECH – Skate Banana Nordic Skis ALPINA SPORTS – Control Ski FISCHER – Jupiter Control FISCHER – Vision Desire, Wms KARHU – KBoom, Junior SALOMON – Snowscape 7 Source: SIA Retail Audit, all retail sales channels, all ages, all genders units sold Aug – March 2008/09 Retailers, Resorts and Other Wholesale Buyers 2,841 Specialty & Chain managements that sell snow sports hard goods 5,181 Specialty & Chain storefronts that sell snow sports hard goods 2,000 Other Specialty & Chain managements that sell apparel and/or accessories related to winter sports, but would not be called a “ski / snowboard shop” 900 Downhill & XC ski areas / resorts, includes private and mixed use areas Changes last year: 103 Managements and 173 Storefronts out of business 65 Managements and 185 Storefronts opened The Weather 2009/10 “El Niño is present across the equatorial Pacific Ocean and is expected to strengthen and last through Northern Hemisphere winter 2009/10. By early winter, the determination will be made as to whether it can be classified as an official El Niño” NOAA Seasonal Outlook Sep 2009 In the Northwest El Niño produces warmer than normal temperatures however, El Niño seasons typically do have adequate snowfall, especially at higher elevations. Whistler B.C. is high enough (7,160ft) that its snow usually survives an El Niño The Sierra Nevada mountain range has mixed results for snowfall during an El Niño events. April 1 snow pack for the Sierra-Nevada Mountains during the eight strong El Niño seasons had four well above average years, and four below-average years, with one water year especially low, 1987-88. If it’s above average, it tends to be “well-above” average in an El Niño year. For Winter Park and nearby Colorado resorts, the meteorologists typically say with an El Niño there tends to be abundant early snow followed by a dry period and then lots of spring snow. The cascades show few El Niño anomalies. El Niño snow years average above normal for the nine largest Northeastern cities. The data ranges from New York City having 0.3 inches more to Concord having 6.2 additional inches. Glens Falls generally has 4.2 inches more during El Niño years while Albany has 3.4 inches more and Burlington has 1.8 inches. U. S. Seasonal Outlook Snowfall Outlook for Winter 2009.10 Temperature Precipitation The seasonal outlooks combine the effects of long-term trends, soil moisture, and, when appropriate, the ENSO cycle. Area Monthly Delta from AVG Resort with Minimal sensitivity to El Nino/La Nina Area Squaw Valley, Calif. 6,200 Monthly Delta from AVG 0.7% Sugar Bowl, Calif. 7,000 13.2% Mary Jane at Winter Park, Colo. 10,800 -0.3% Monarch, Colo. 10.2% Red Mt. 2, B. C. 6,650 -0.7% Heavenly Valley, Calif. 8,400 7.1% Beaver Creek, Colo. 11,200 -1.0% Wolf Creek, Colo. 10,642 7.1% Telluride, Colo. 11,170 -1.3% Alpine Meadows, Calif. 7,000 6.7% Big Sky, Mont. 8,920 -1.7% Heavenly Valley, Calif. 10,000 6.2% Alyeska, Alaska 1,400 -1.8% Loveland, Colo. 11,200 5.8% Northstar, Calif. 7,800 -2.8% Snowshoe, W. V. 4,848 5.6% Alta, Utah 8,650 -2.9% Arapahoe Basin, Colo. 10,820 5.3% Coronet Peak, New Zealand 4,032 -2.9% Central Sierra Snow Lab - Boreal, Cal. 7,200 5.1% Vail, Colo. 11,250 -2.9% Kirkwood (Carson Pass), Calif. 8,526 4.8% Sunlight, Colo. -3.0% Squaw Valley, Calif. 8,000 4.5% Mt. Washington, B. C. 3,926 -3.1% Sun Valley, Idaho 8,800 4.3% Berthoud Pass, Colo. 11,315 -3.3% Winter Park Base, Colo. 9,265 3.4% Gothic, Colo. 9,400 -3.3% Mt. Rose, Nev. 8,600 3.2% Killington, Vt. 4,142 -3.4% Red Mt. Pass, Colo. 11,090 2.9% Waterville Valley, N. H. 3,000 -4.3% Remarkables, New Zealand 5,203 2.8% Snow Basin, Utah 7,700 -4.6% Mt. Hutt, New Zealand 4,602 2.3% Brighton, Utah 8,740 -4.8% Purgatory, Colo. 10,000 1.5% Blackcomb, B. C. 5,002 -5.3% Aspen Mtn, Colo. 11,190 1.4% Keystone, Colo. 11,641 -5.4% Sugarloaf, Maine 3,695 0.8% Mt. Snow, Vt. 3,600 -5.6% Model for Success This study aims to determine what it will take to increase sales of downhill conveyances and, if so, to identify the means of doing so. 18 Findings • The study shows that the potential market is far larger than the actual market. Approximately 10% in any given year enter the season with the goal of replacing their gear. However, an additional 20% would “definitely” upgrade if doing so guaranteed them improved performance. • The most likely candidates to buy are the “solid” and “expert” participants—nearly 30% would upgrade with the promise of a performance gain. Solid skiers are those “uncomfortable on steep slopes and bumps,” while experts “ski all trails.” These two groups are the most attuned to advances in gear and most appreciative of what new gear can do for them. These groups respond strongly to the notions of improved or easier performance. Source: * From Stage III Model For Success – October, 2005 19 Findings (Participants) Alpine skiers tend to be older, more skilled, longtime participants, with higher incomes than other snow sports enthusiasts. ●Skiers enjoy a sense of mastery and controlled gliding. ●They are looking for improved or easier performance. ●Skiers especially respond to a presentation of features, technology, and benefits. ●At the store, they are most interested in personal service and fitting. ●They are impressed by lightweight equipment, new shapes and designs. Snowboarders are younger and more visual. ●They are more enthusiastic about speed, air and tricks. One ad response example: “Photos were inspiring, especially the one where it was very steep and only the tail is touching the snow. This gets to your emotional response even if I can't handle the extreme stuff, you want to see someone doing it.” ●They are influenced more by graphics and styling than by technical explanations. ●They look to their magazines and to the industry for product information, not just the Internet. ●They are interested in a snowboard's width, and like skiers, pay attention to shapes and design. ●The younger snowboard audience responded well to the idea of “mountain graffiti”—leaving their signature on the mountain. 20 Findings (Participants) Cross Country (XC) skiers are looking for an escape into a scenic, tranquil environment. “I liked the mountains and the sayings—they made you feel as if anything is possible,” one respondent said about one test ad. ●XC skiers also respond to ease-of-use features, such as no wax skis and one-pull lacing. ●They want a good workout, but “it's not cheating to have a ski that makes kicking easier,” another respondent noted. ●Cross-country fans picked up on the idea that “a great work out doesn't have to be hard.” ●They value boot-binding integration and new materials. Telemark skiers are the most passionate of all. ●Similar to cross country skiers, they appreciate scenic and tranquil mountain experiences. ●Since telemark technique is demanding and must work in all types of snow conditions, tele fans want the latest technology. “All mountain” gear gets their attention. ●They are very interested in materials along with shape and design. Snowshoers incorporate elements of the above, as they are often drawn from the same ranks. Otherwise, weight is a key factor. 21 Findings (continued) 22 In Summary… Millions of former participants are looking for a reason to come back to the mountain Recession impacted the snow sports market particularly in retail margins but participants continued to ski and ride Tight credit and low risk tolerance may significantly impact 2009/10 sales New technology can still drive the market e.g. reverse camber Understanding and communicating with consumers in their own language, providing them with better equipment for a better day on the mountain, and providing clear descriptions of how the product will make consumers’ snow sports experiences better will help increase sales OTHER RESEARCH Market Intelligence Report Consumer Research SIA Alpine Ski Suppliers Meeting June 23rd, 2009 Denver, CO Attendees: Atomic, Icelantic, Fischer, Amer, Rossignol, DalbelloElan, Sterling Skis, Salomon, Volkl, VIST, 4FRNT PURPOSE OF THE MEETING • Get accurate picture of Alpine ski market • Figure out how to sell more skis • Develop action plan to increase sales of Alpine Skis through specialty shops • Where are you going to be in 10 yrs?? MARKET CONDITIONS│David Ingemie Industry Numbers • Retail sales down 7% in $ and 6% in Units • Wholesale down 10% in units and dollars • Inventory levels up 7% in units and 17% in $ • Margins and sell through declining • Rental increasing Participation • Participation flat to down • Skier/Rider visits ok at 57.1 million • # of resorts declining (small local resorts) Weather • Snowfall was average overall in 2008/09 • Snowfall outlook – possible El Nino in 2009/10 MARKET CONDITIONS│David Ingemie • Total snow sports market sales declined 4.4% • 29% of all skis sold at or below cost in 2008/09 and current year model sales down 14.4% • Significant amount of receivables at 90 + days past • Alpine equipment inventory up 17.4% despite carryover sell off • Margins and cash flow strangled • Pre-season orders for hard goods down as much as 30% • Dollars Sold as values Equipment Specialty -8.37% Internet 12.30% Chain Apparel Credit tight for producers, retailers, and customers All Products -22.89% All Stores -7.95% Specialty -9.94% Internet Accessories YTD Growth 3.69% Chain -2.96% All Stores -5.49% Specialty -6.40% Chain -2.57% Internet 19.69% All Stores -2.60% -5.20% Source: SIA Retail Audit for current season model only 2008/09, carryover not included MARKET CONDITIONS│David Ingemie MARKET CONDITIONS│David Ingemie • 90% of snow sports consumers use the Internet as a primary information source • Consumers use the Internet as a tactical research tool, but online marketing drives offline sales • When the product in question requires a large commitment by a buyer, the internet’s influence on the choice is greater. Sources: ComScore – How Data Changes Media Markets, April 2009,. Pew Research Center, Internet and The American Life Study 2008 BACKGROUND OF THE ALPINE SALES SITUATION│Kelly Davis 32 Brands 1,556 Models BACKGROUND OF THE ALPINE SALES SITUATION│Kelly Davis 2,841 Specialty & Chain managements that sell snow sports hard goods 5,181 Specialty & Chain storefronts that sell snow sports hard goods Other Specialty & Chain managements that sell 2,000 apparel and/or accessories related to winter sports, but would not be called a “ski / snowboard shop” 900 Downhill & XC ski areas / resorts, includes private and mixed use areas To grow the snow sports industry we must shift from an exclusively transaction focus to a life time value focus. It’s very simple: 1. Keep your eye on lifetime value. 2. Target lapsed, light and moderate users. 3. Move from random transactions to regular relationship based communications . Capture critical customer information – name, address, proficiency, frequency, etc. Partner with retailers – share info, reinforce 3-4 key messages. Time marketing to purchase decision cycle – aging equipment, new technology, new competence . Invest in growing proficiency – make every marketing dollar work harder. Reward loyalty and heavy users . Focus on kids’ lifetime value – families. There is considerable latent market growth out there, but we cannot continue to operate as usual for another 10 years. STATE OF THE INDUSTRY│The Economy Overall • Unemployment doubled over the year but stabilizing in snow sports demographic at 4.7% and Mass layoff events cut in half June (1,235) to July (621) 2009 • All retail sectors’ sales down 9.4% annually (August to August) – – – – Snow Sports Down 4.4% Clothing Retailers down 7.6% Department Stores down 11.5% Sporting Goods down 6.4% • Consumer confidence rising, expectation of good economic times are higher than any since December 2007 • Productivity up 6.6% in Q2 2009 • In July, new orders and shipments of manufactured goods rose about 2% and industrial production increased for the first time since Dec 2007 Sources: Bureau of Labor Statistics Unemployment Situation, employment by educational attainment, July 2009. U.S. Census Bureau – Retail Trade and Food Services Sales Assessment Seasonally Adjusted, June 2008 to June 2009, Conference Board Consumer Confidence survey August 2009, BLS Labor, Productivity and Costs September 2009, Manufacturing Orders, Shipments, and Inventories August 2009. Print media marketing losing effectiveness Many retailers will not embrace Internet commerce Snow sports product information on the Internet is scattered, vague, and unreliable Producers and retailers are not taking full advantage of customer emails/mobile numbers/social networking to market snow sports OPEN DISCUSSION • Ideas to Address the Problem – Project Connection – Demo Initiative RESULTS OF THE ALPINE MEETING • Alpine equipment sales are down over the past 5-10 years. • This pressure on Alpine sales greatly acerbated by the current recession, sales number down double digit overall – over 8% for specialty shops but 22% for chains. • Reported evidence from manufacturers & retailers that profit margins are also under long term pressure. • SIA Board Member Mike Noonan summed up the situation quite eloquently: “Alpine sales suck.” RESULTS OF THE ALPINE MEETING • • • • • While the impact on the industry of the current recession is unambiguous, there are numerous and complex reasons for the longer term decline in sales. The dramatic sales decline this year may be at least partly a postponement of purchases as in past recessions. Increased competition and new discount sales channels such as the internet have added to the pressure on pricing. The flat levels of snow sports participation have helped flatten alpine equipment sales as well. But the single most significant cause of flattening or declining sales is likely to be the glut in alpine equipment brands (32) and models (over 1,500). This proliferation of consumer choices has surely led to: – Consumer confusion at time of purchase; – Erosion of brand differentiation, eliminating a major source of consumer guidance and price support; – Blurring the customer benefits from new ski technology; – Complicating the job and reducing the sales effectiveness of retailers; and, of course, – Putting ever greater pressure on prices. – Making the ability to communicate benefits & features very difficult RESULTS OF THE ALPINE MEETING • • • • • • • • • Snow sports industry and alpine manufacturers have enormous opportunities to boost sales. Only 1 in 15 skiers purchase new equipment each. 1 in 7 skiers purchasing a year seems possible. Technology developed over the past few years provides relevant “new news” to capture consumer attention and imagination. Research suggests consumers consider new technology a very compelling reason to ski more and, one assumes, purchase new equipment. New media, provides the industry with far less expensive means to better target their market and convey product information. The cost of alpine equipment is lower than previous years in real dollars. If the industry better focuses on the large moderate skier market the return should be substantial. Targeting marketing activity to product use lifecycle and customer lifetime value should produce both short and longer term results. In short, the alpine ski equipment industry is leaving sales on the table. RESULTS OF THE ALPINE MEETING • Given this evidence and following a robust conversation, the group agreed with five very important conclusions. • The industry faces serious, systemic problems that require that we change the way we market. • The industry needs to speak with one, consistent voice to consumers -on their terms and in their language. • The industry needs to understand and harness new media to communicate more effectively with consumers and influencers. • The industry needs to work better collaboratively on these industry-wide concerns, with SIA playing a useful role as independent expert/advisor. RESULTS OF THE ALPINE MEETING Although we did not have formal agreement on this subject, I believe that during the discussions a core strategy for addressing these issues emerged. Utilize available assets to communicate more appropriately w/ the customer the several key messages w/ one voice Possible Key Messages The group had not quite reached formal agreement, but we believe several essential messages began to emerge from our discussions. • New advances in equipment technology and design have made skiing easier to master, more enjoyable, with greater overall performance. • Like milk, ski equipment has an expiration date when it is no longer safe or suffers from diminished performance – check with us. • We’re making it a lot easier to select just the right equipment for each skier of any age or ability level. • Through bundling, smart selection and new retail options the real cost of ski equipment has declined over the past ten years -- we’ll help you buy smart. RESULTS OF THE ALPINE MEETING • The challenges to the industry are daunting, but the new opportunities are greater still – with enormous latent market demand. But to harvest that neglected demand it will take the best leadership in the industry, working together, with staying power to turn this ocean liner. • Lastly, we cannot lose sight of the admonition. Suppliers are willing to invest in helping specialty shops connect with their customers Goal: Utilizing work ticket information to develop a digital database capable of targeting people, messages, product, and activity. Concept: • Suppliers will invest money and resources to connect work tickets into a digital database owned by the specialty retailer • Supplier to provide scanners to convert tickets to digital bar • Supplier to supply and pay for post card mailing by the retailer with appropriate message based on product and also incent consumers to supply email address. ENVIRONMENTAL SNOW SPORTS RECYCLING SOLUTION Old Gear = Recycle, Reuse, Renew TRADE SHOW│Update • Show Update • Winter Sports Market • Free Skiing • Hotels • Transportation Discounts – Super Shuttle, United, Hertz • Daycare TRADE SHOW│Events • Fashion Show • New InnovationS, NOW – exhibit of new products • TransWorld Riders Poll Awards • Olympic Send-off • Seminars/Clinics • Apres Ski Party TRADE SHOW│On-Snow Demo / Free Ride Fest • Demo open to hardgoods buyers only • Fest open to all other attendees • Lodging • Transportation to/from Denver • Free lift tickets, rentals, lunches • Downhill/Snowboard (Rondo) • Winter Park • WWSRA • Events – Rondo • Nordic • Devil’s Thumb Ranch • CCSAA • Salmon/Aquavit Party TRADESHOW│Interactive Floor plan & Show Guide • 2nd year for the Digital Floor Plan feature, siasnowshow.com • Easier to use than past online Floor Plan static PDF file • Login & Build Custom Show Route w/ Floor Plan of SIA Show Exhibitors you want/need to see • Or simply browse Floor Plan to view company descriptions, booth names & locations • Easy Search for Exhibitors by Name or Category • Ability to print/email Floor Plan • Online listing of Educational Sessions, • Parties and Events for Show planning • Set to go live end of September TRADESHOW │Retailer Recognition Program • Build awareness of Snow Show Retailer Attendees as Local Experts • By attending the SIA Show and seeing all of the latest products, innovations, trends, technologies – you are the “Snow Expert” to your customer • Identify the Specialty Shop Attendee as a “Snow Expert” • Communicate to your customers that you are the “Snow Expert” • Window decal • Badge for website • Icon next to shop listing in SIA Retail Database on snowsports.org and snowlink.com SNOWSPORTS.ORG + SNOWLINK.COM RETAIL DATABASE • Influence consumer travel behavior by encouraging people to “ship” their skis/snowboards to avoid airline baggage fees, continue the purchase of new equipment • Developed Ship Your Gear logo and Campaign • Bolster Ship Your Gear Campaign through a “tool kit” for the snow sports industry • Distributed to SIA Members, Industry Retailers and Reps 2008.09 season • Pick up by New York Times Ski Guide December 2008 Logo/Sample Ads Print/Banner comps/Posters + Staff Talking Points in Tool Kit • Alpine Ski Shop – Sterling, VA • Announced Tune & Ship Program with Shipping Gear for Customers • Combines Tune Up Before Trip, Ships Skis/Snowboards FedEx Ground • • • • • Ship in Sportube Tune gear before send/possible tune on return Include TSA lock and return label Price set to generate revenue, different for 1 or 2 skis/snowboards Need Six Day Advance Drop Off • Customers Very Pleased, Gives Reason for Them to Come Back into the Shop • How Do We Increase Awareness? • How Can We Implement the Program? SOCIAL MEDIA Social media are primarily Internet- and mobile-based tools for sharing and discussing information among human beings.[1][2] The term most often refers to activities that integrate technology, telecommunications and social interaction, and the construction of words, pictures, videos and audio. • This interaction, and the manner in which information is presented, depends on the varied perspectives and "building" of shared meaning among communities, as people share their stories and experiences. • Social media are distinct from industrial media, such as newspapers, television, and film. While social media are relatively cheap tools that enable anyone (even private individuals) to publish or access information, industrial media are relatively expensive tools that generally require significant financial capital to publish information • Social media can take many different forms, including Internet forums, weblogs, social blogs, wikis, podcasts, pictures, video, rating and bookmarking SOCIAL MEDIA Awards that affect Retailers • US/ Canadian Retailer of the Year – Voted on by Reps in Nov.; presented at Show Did you get your Reps to vote?? • Canadian Rep of the Year – Voted on by Retailers in Sept./Oct.; Presented at Show Did you vote on your favorite Reps?? Past winners of Retailer of the Year (on the RAC): • Cole Sports – 05.06 • Darkside – 05.06, 08.09 • Viking Ski Shop – 05.06, 06.07 • Joe’s Ski Show -- 2008 • Succession in the fam business slide OPEN DISCUSSION • Where are we going as an industry? – – – – Where is the snowboard headed? Numbers were down. Getting schools and your orgs in non-resort towns to embrace the sport How to diffuse the common perception that the sport is expensive / elitist ? Aligning suppliers/retailers/resorts to better coordinate efforts • What is it going to take to keep specialty shops in business? • What do you need from SIA? • Would a shift in the selling season bring any benefits? • What can retailers do to increase sales? – Ski sales – reduce demos or offer guaranteed to specialty shops • How are you communicating w/ your customers?