Business Briefs for July 25 through July 27
July 24, 2012
The Park City Area Restaurant Association is scheduled to hold its monthly meeting on August 2 at 9 a.m. at Good Karma located in Prospector Square. The PCARA is made up of an executive director, a chair, co-chair and five voting board members, according to the organization’s website. The PCARA Board also includes four ex-officio board members and invites regular guests who represent other organizations whose daily business affects the PCARA. Meetings are open to the public unless a closed door session is scheduled outside the regular monthly meetings. If there is a topic or guest that would like added to a future meeting schedule, email email@example.com.
Outdoor sales up in July
Outdoor product sales slowed in June, but saw higher sales in July. Hot weather and a well-positioned mid-week holiday helped send consumers into the cool respite of retail, according to a press release from the Outdoor Industry Association. According to point-of-sale data compiled by SportScanInfo for OIA VantagePoint, retail sales of outdoor products grew 3.2 percent to $1.04 billion in the fiscal month of June 2012, the release continued. During the first week of July, sales were up in the mid-single-digits, with double-digit gains in outdoor apparel and mid-single-digit growth in outdoor footwear and hard goods during the same time. Specialty Retailer sales were up 4.9 percent in fiscal June to $459.4 million. Specialty Retailers grabbed a full percentage point of market share versus the prior June and represented 44.5 percent of all outdoor product sales.
The outdoor apparel business was up every week as consumers took advantage of pre-season sales on outerwear and other discounted goods from the prior fall/winter season. Despite the discounting, average selling prices still grew for the month as retailers and online merchants made higher-end brands available at deeply discounted prices. Outdoor apparel sales increased 4.9 percent to $194.7 million, according to the press release. Specialty Internet was the biggest driver of sales growth for June, up nearly 25 percent.
Outdoor hardgoods sales rose to $548.8 million, up 3.7 percent versus June 2011 – and up nearly 35 percent versus the prior month. Kid Carriers bolstered sales growth in the Technical Packs & Bags category, and both Technical and Lifestyle Daypacks got a nice lift from summer day hiking and perhaps some early back-to-school shopping.