Boulder, CO, July 29, 2009 — Outdoor Industry Association (OIA), in conjunction with Profit Planning Group, recently surveyed independent retailers with respect to their gross margins, operating expenses, inventory turns and several other categories to benchmark financial and operational performance within the outdoor industry. Results of that survey are now available in a new report entitled the 2009 OIA Retail Financial & Operations Performance Report and show that financial performance varied widely within the industry in 2008.
The report, created in conjunction with input from an advisory panel of over a dozen outdoor retailers, shows that financial performance varied widely within the industry in 2008. This was the second report fielded by OIA and reflected a realistic picture of the financial situation facing the industry's retailers today.
Retailers reported that their inventory turns have dropped while their days on hand have increased since last surveyed in 2007. The results show that the typical firm had sales of $2,461,835 and a pre-tax profit of 2.0 percent. High profit firms had sales of $1,927,339, and profit of 8.2 percent. Of greatest consequence, the typical firm had a pre-tax return on assets of 5.0 percent. For the high profit firm, return on assets was 22.1 percent.
A copy of the full report is available free to OIA members and for $495 to non members at www.outdoorindustry.org.
About Outdoor Industry Association Outdoor Industry Association® (OIA) is a national trade association whose mission is to ensure the growth and success of the outdoor industry. OIA provides trade services for over 4000 manufacturers, distributors, suppliers, sales representatives and retailers in the outdoor industry. OIA programs include representation in government/legislative affairs, market and social research, business-to-business services and youth outreach initiatives. Educational events include the annual Rendezvous®, Outdoor University®, and the Capitol Summit. Outdoor Industry Association is based in Boulder, Colorado, and is the title sponsor of the Outdoor Retailer tradeshows. For more information go to www.outdoorindustry.org or call 303.444.3353.