January 11, 2019
Looking ahead to the coming year, no factor impacts industry sourcing decisions more than the Trump Administration’s threat to tariff all Chinese imports as much as 25% if trade talks do not reach a satisfactory conclusion. But other than that elephant in the room, input costs are not forecast to have any huge swings in 2019.
Sales in the fourth quarter increased 19% to $241.2 million driven by a 45% jump in direct-to-consumer sales to $110.5 million, while the wholesale channel increased 4% to $130.7 million, and margins were better than expected, YETI said in a release.
The retailer realigned its senior executive structure to better manage the company following the Town Shoes and Camuto acquisitions, with four brand presidents reporting to CEO Roger Rawlins.
Salz, who has moved up through the ranks at the 31-door specialty retailer over the past 14 years, will take over as president effective immediately and also remain as COO, a post he has held since 2016.
MTN said traffic was lower than expected in the beginning of the ski season which it blamed on international and destination guests’ concerns about variable weather.