ROTH CAPITAL PARTNERS: Hosting 27th Growth Stock Conference March 8-11 in Dana Point, Calif.
Details on Industry Insight.
SnowSports Industries America (SIA) released some interesting snow sales data last week for the August through October period.
Some interesting trends include:
Sales grew in all regions except in the West.
Internet sales continue to grow at a rapid pace and now account for 31% of all snow market sales. While equipment sales were challenged in other channels, sales grew 10% in dollars online.
Sales of apparel and accessories rose 30% in dollars online as well. Overall, Internet sales grew 29% in units and 26% in dollars to $164 million.
Carryover snowboards enjoyed robust sales in the specialty channel early in the season with sales up 19%. Overall, snowboard equipment sales dropped 11% in this channel. Broadly, specialty sales grew 4% in units and 4% in dollars to $276 million.
Chain store sales grew 4% in dollars to $80 million and 12% in units. Carryover sales of apparel rose 20% during this time frame, while overall apparel sales increased 3% in this channel.
In all channels, sales increased 10% in dollar sales to $520 million and 12% in unit sales. A quarter of all ski and snowboard equipment sold during this period was left over from last season.
Overall apparel sales grew by 13% to $242 million.
Winter boots were a hot seller, rising 42% in dollars.
Current season snowboard equipment sales were soft in all channels except online. Current season snowboard equipment sales fell 16.6% at chain stores and declined 14.3% at specialty stores but grew 24.7% online.