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See More Jan/Feb 2019 Content Listings on Page 8 Deedee Ward, owner of Bait Bucket tackle shop, Jackson, GA. (See Retailer Profile beginning on page 44) Trade Wars Page 50 New Fishing Line What’s Inside… Page 57 Start the year off right. A lot of us are better people in January than we are in July or November. The new year can seem like a fresh start—full of possibilities and opportunities, if only we can stay on the right path, eat better, exercise more and procrastinate less. Sonar & GPS You’ll find some good New Year’s resolutions in this issue of Page 64 Fishing Tackle Retailer, but the fact that you’re reading it right now (hopefully early in 2019) is a good start. We’re here to help you keep on top of things and have a better business—this year and beyond. And we’re confident that every article in this issue is a step on that path…if you’ll just take the time to read it. Whether it’s a column on resolutions or Amazon or a feature on new fishing line or the tariffs that could change the way we all do business, there’s something important there…something you can use, maybe even something that could improve your bottom line. Tight lines and busy registers! Hard Baits Page 67 6 FTR • THE BUSINESS MAGAZINE OF THE SPORTFISHING AND MARINE INDUSTRY www.fishingtackleretailer.com
COLUMNS 14 Editor’s Desk—By Ken Duke Teaching and Tolerance Jan/Feb 2019 • Vol. 40, No. 1 FEATURES 15 Get the ‘Net—By Joe Sills Amazon and Digital Advertising The Industry Data Challenge 22 16 Business Sense—By Robbie Brown By John Kushnerick Best Resolutions for 2019 Around the Industry 38 17 Retail Matters—By Dave Kranz The Crappie Gets an Expo! 41 Summit Hurricane 2018 Digital Decode 42 18 Market Insights—By Ben Scuderi By Abby Nichols and Joe Sills Fishing Line Retailer Profile: Bait Bucket 44 19 FYI—By Rob Southwick By Nathan Benson Sportfishing is More Than Play Time Tools of the Trade: 48 20 Guest Column—By Jimmy Harris Crappie Outlook 2019 Are We All in This Together? Trade Wars, Tariffs & Tides 50 By Shannon Farlow DEPARTMENTS Tools of the Trade: 54 24 ASA Spotlight Sunline’s Family Affair 28 Tackle Reports Here’s Your 2019 Line Up 57 73 Reader Service Index By Frank Forester Sell ’Em What to Wear 61 By Hart Stilwell The Latest in Sonar and GPS 64 MISSION STATEMENT—FTR is a business-to-business publication serving fishing tackle retailers, wholesalers By H.W. Herbert and manufacturers in the United States for 35 years. We are the acknowledged voice of the sportfishing industry. Verified by circulation audit, FTR is received and read by at least 95% of all retail and wholesale buyers of New Hard Baits 67 fishing equipment in the country. Over 12,000 independently owned tackle stores and approximately 20,000 affiliated chain outlets rely on FTR to keep them current on the industry. Editorially, FTR is tightly focused on topics that help retail store owners and their sales associates make informed decisions, resulting in selling more fishing equipment to anglers. Regular topics include market By Bob Lincoln data and trends, new product information, sales training, marketing, merchandising, and business operations. What differentiates FTR is its unwavering commitment to the needs of sales associates at retail outlets, for Products in the Marketplace 72 they are the only daily, face-to-face contact with the huge army of anglers that number in the tens of millions. FTR proudly serves as the “Hotline to the Pipeline” for the sportfishing industry. Fishing Tackle Retailer, ISSN 8750-1287, is published in January/February, March, April, May/June, July, What’s Hot Where 84 September/October, and November/December by FTR Media LLC, 42 S. Washington Ave., Second Floor, Brownsville, TN 38012 Subscriptions free to qualified retailers, wholesalers and other sellers of fishing tackle and related sport- fishing equipment. $85 annually for foreign subscriptions; $5.95 for a single copy. To subscribe go to By Nathan Benson fishingtackleretailer.com and click Subscribe. For customer service, call 1-800-625-6397. Customer service is available from 8am to 5pm central, Monday through Friday. POSTMASTER: Send address changes to FTR Media LLC., Fishing Tackle Retailer, 42 S Washington Ave., Second Floor, Brownsville, TN. 38012 Periodical postage is paid at Brownsville, TN 38012 and additional mailing offices. 8 FTR • THE BUSINESS MAGAZINE OF THE SPORTFISHING AND MARINE INDUSTRY www.fishingtackleretailer.com
Publishers: Brian Thurston, Carlton Veirs Managing Editor: Ken Duke Assistant Editor: Nathan Benson Digital Editor: Joe Sills Senior Consultant: Clem Dippel Columnists: Robbie Brown, Rob Southwick Circulation: FTR Media, LLC. Circulation Manager: Zoe Faught, circulation@fishingtackleretailer.com Art Director: Craig Robinson Production Manager: Michael Osburn Advertising Sales: OMNI Group 2201 SW 152nd Street, Suite 3 Burien, WA 98166 Phone: 206-281-1977, Fax: 206-281-8530 Gary Arnold, 760-567-2880 Email: gary@fishingtackleretailer.com Trisha Schulz, 206-419-2630 Email: trisha@fishingtackleretailer.com Brian Thurston, 206-281-1977 Email: brian@fishingtackleretailer.com Clem Dippel, 715-543-8803 Email: clem@fishingtackleretailer.com FTR Media, LLC President: Brian Thurston CIRCLE NUMBER 024 ON READER SERVICE CARD Address Letters To The Editor: Ken Duke, 239 Henley Circle, Davenport, FL 33896 Email: ken@fishingtackleretailer.com Customer Service Email: Email: trisha@fishingtackleretailer.com Fishing Tackle Retailer is published seven times per year by FTR Media, LLC. Fishing Tackle Retailer is a registered trademark of FTR Media, LLC. Copyright 2019 FTR Media, LLC. All rights reserved. Member American Sportfishing Association CIRCLE NUMBER 006 ON READER SERVICE CARD www.fishingtackleretailer.com
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Editor’s Desk By Ken Duke Teaching and Tolerance I t was 5:50 p.m. According to the sign on the hit me when I first read it. I think it’s valuable Wham! There’s the punch in the face. tackle shop door, I still had 10 minutes to run in, enough that I want to break it down into its Performance is either taught or tolerated. Not grab a couple of packs of green pumpkin plastic critical parts. much gray area is there? If you’re providing qual- worms, and be ready for my trip the next morning. First, “What you see in a business…” ity teaching and training yet bad practices or But the door was locked! But this really applies to everything you see and behavior persist, it’s because the bad stuff is being There was a big blue Dodge pickup in the lot, do—your family, your kid’s Little League baseball tolerated. but I couldn’t see anyone moving around inside team, your homeowner’s association, your fishing In this era of social justice warriors, “tolerance” the store. I turned around, went back to my truck, club, or even your church. There’s no need or is generally portrayed as a virtue. But I’m old and started considering other options. requirement that we compartmentalize this nugget school in the way I look at the word. To me, “toler- That’s when the owner drove up and stopped me. of insight and truth exclusively to business when ance” means putting up with something that’s “No, we’re not closed yet,” he said, sounding frus- it can help us everywhere and anytime at all. We undesirable—something I shouldn’t have to put trated. “My son locks up early if there’s no one in can apply it to nearly every aspect of our lives. up with. the shop…even though I’ve told him not to do that!” Second, “What you see in a business is either When you think about performance in terms of So, I went in, bought the lures I came for, and what’s being taught…” teaching or tolerance, it puts it in a different light listened to the proprietor grumble about his assis- How much of what we see in business and life than how we usually see it. tant/son locking up early. It obviously wasn’t the is attributable to teaching, training, or coaching— It puts the proper emphasis—albeit indirectly first time. good or bad? When an employee or coworker takes and without actually using the words—on It reminded me of a great line I read recently. an action or through inaction does nothing, is it “accountability” and “ownership.” We need to I’ll paraphrase it here: because he or she was taught to do that? If so, is it realize that what we get out of life or business is What you see in a business is either what’s the best teaching, or is there a better way? nearly always directly related to what we put in. being taught or what’s being tolerated. We must also remember that teaching comes in Kids consistently acting out? Consider whether I wanted to share that line with the shop owner. many forms. Sometimes it’s very formal, like in a that behavior has been taught or tolerated. Maybe I’m sharing it now. I know he subscribes to classroom setting or with a certification process. Employees repeatedly falling short of desired FTR, even if he doesn’t read this column. Other times it’s very informal. “Do what I do” is standards? Did you teach that or are you enabling And I hope that line will hit him as hard as it informal teaching, and it takes place in every busi- and reinforcing it by tolerating it? ness even if those words are never spoken out Either way, it’s on us to fix it. After all, if we loud. Employees will watch their bosses and copy want something done right—or at all—we need to their attitudes and behavior if there’s no other take ownership of it. That’s particularly true in teaching going on. business. And the smaller your business, the more Teachers and coaches are leaders because they critical it may be. shape performance. Whether they work formally If you consider yourself a leader in your busi- or informally, their lessons can be critical. Quality ness, family, or community, you owe it to yourself teaching leads to quality results. We all know that and others to teach excellence and to stop tolerat- even if we don’t think of it in those terms. ing what’s undesirable. Recognizing the source Third, “What you see in a business is either and cause of these outcomes could be the first step what’s being taught or what’s being tolerated.” in getting better.n Performance is either taught or tolerated. Not much gray area is there? If you’re providing quality teaching and training yet bad practices or behavior persist, it’s because the bad stuff is being tolerated. 14 FTR • THE BUSINESS MAGAZINE OF THE SPORTFISHING AND MARINE INDUSTRY www.fishingtackleretailer.com
Get the ‘Net By Joe Sills (@joesills), Digital Editor Amazon Wants to Rule the Digital Advertising Empire F our percent. That’s the percentage of digital video and display ads are pushed out to Amazon For now, Amazon’s push into the digital ad ad sales that Amazon owned in November 2018. devices like Kindle and Fire TV, or affiliate websites space comes with an asterisk. And while it’s Four percent doesn’t sound like a lot; but it’s good like IMDB. currently holding third place and four percent of enough for third place in the U.S.—right behind Currently pacing at five cents, the business is the market, Google and Facebook combine for a Google and Facebook. expected to bring in 15 cents of every online ad whopping 61 percent. To climb that mountain, Third place is good enough for $4.6 billion; and dollar spent by 2020, a prediction that outpaces Amazon will need to upgrade its customer service, if you’re like many retailers, that amounts to 4.6 both of its American peers. answer questions about conflicts of interest, and billion more reasons to fear the world’s richest Despite these bold claims, not all current tackle upstart Verizon, which is just beginning to man, Jeff Bezos. Amazon advertisers seem impressed. Thanks to its tap into a network of some one billion users In just over a year, Bezos and company dual role as both ad partner and distributor, thanks to a merger with AOL and Yahoo. managed to double their ad revenue, blowing by Amazon faces conflicting interests when it comes That trio is running under a new moniker, Verizon Communications and Microsoft en route to ad placement. For instance, Amazon-branded dubbed Oath, and has years of location data to the bronze medal. The catch? Amazon has direct products currently appear at the top of search powering its own ad network. data on how digital ads affect purchases. Its results that also feature sponsored ads. Those For retailers, the high stakes game of chess being competitors cannot offer the same. in-house products also receive placement in other played in Silicon Valley conference rooms and New The Wall Street Journal recently ran a cover areas of a search, sometimes appearing three or York high-rises amounts to this—more options for story on Amazon’s rise, dubbing the advertising four times more than the listing of paid advertisers promotions, and more competition for sales. push “an earthquake whose tremors will be felt by who are reporting results between $2 and $4 per Right now, a smattering of tackle brands are anyone selling ads; including digital publishers click. That’s on par with Google Ads metrics, but a leveraging Amazon for sales, led by KastKing, and TV networks.” Big box retailers like Walmart steep price when compared to $1.76 cost per click Pure Fishing, Zebco, Okuma, and Daiwa. Among and Target are already losing ad sales to Amazon, of Facebook. those players, only KastKing appeared to be the report said. Amazon advertisers are also reporting a lack of taking advantage of Amazon ads at the time of What is Amazon selling? For the most part, support from Bezos’s empire when compared to this writing. they’re selling sponsored product listings strate- the robust ad teams at Google and Facebook. That opens an opportunity for retailers to—you gically placed in search results. If you search for According to the Journal, that customer service might not like this—become an Amazon seller and “boots,” then you’re likely to find a number of boils down to this: for large brands, Google can beat the big brands to the punch. It’s an unpopular sponsored footwear brands with prominent supply up to 10 employees in a support role. opinion, but the fact remains that opening an positions near the top. According to analysts, some Amazon sends just one, plus an algorithm. Amazon FBA “fulfillment by Amazon” store is one 70 percent of Amazon ads currently fall into that Additionally, Amazon is facing public pushback of the easiest ways to break into eCommerce. description. In addition, lingering segments of in the wake of its 2018 HQ2 announcement/fiasco Having surveyed thousands of tackle retail that slated New York and Washington, D.C. as websites, I know that many of you are not even in locations for its east coast arm, and human rights the game. questions revolving around its two-day Prime With an overall valuation of $88 billion, the shipping methods. Small businesses and major digital advertising pie is big. But the U.S. Census tech websites like Gizmodo are urging customers reported Q3 eCommerce sales in the U.S. at $121 to ditch their Amazon Prime accounts, causing a billion. That’s a much bigger pie. And that’s a pie buzz around the online retail community. you can eat from, too…if you’ll just pick up a fork.n For retailers, the high stakes game of chess being played in Silicon Valley conference rooms and New York high-rises amounts to this—more options for promotions, and more competition for sales. www.fishingtackleretailer.com THE BUSINESS MAGAZINE OF THE SPORTFISHING AND MARINE INDUSTRY • FTR 15
Business Sense By Robbie Brown 5 New Year’s Resolutions for 2019 A s New Year’s 2019 approaches, people and underutilize Internet marketing. The consumer lines, you increase your sales market and poten- business leaders begin to make New Year’s loves the convenience of online shopping and the tially increase sales per customer. Resolutions—statements of intent to accomplish ease of comparing prices. Make your store promi- If you only sell rods, reels, terminal and fishing some objective within the coming year. nent and productive on the Internet. Strive to be accessories, you are foregoing all of the potential It is a good endeavor, but most often these an industry leader rather than just one of the pack. purchases that fishermen make such as shirts, “personal promises” are not fulfilled, usually Resolution #2: Get rid of all the “inventory pants, shorts, hats, footwear, rain gear, camping because the pledge is a poor idea, or the game plan bits and pieces” within your store. I’m referring to and cooking items, cutlery, food, drinks, snacks, for successful implementation is weakly conceived any form of good, sales worthy products whose and wildlife artwork. or implemented. inventory level is minimal. If the item is a good Other merchandise groups might include marine The beginning of the year is a good time to seller, then stock it deeply. If an item is weak, then items such as boats, motors, flotation, navigation recommit oneself to specific goals for the coming clear it out at any price and use that space and equipment, and the plethora of accessories associ- year. There are five resolutions I think every tackle dollars to display goods that will move quickly and ated with the above. Other possibilities are the dealer should commit to for 2019. The potential in substantial numbers. addition of ancillary services such as guiding, profit payback is bountiful! Bits and pieces of inventory have little or no providing instructional classes for fishing, hunting, Resolution #1: Redesign your entire Internet sales impact. Product moves when the displays outdoor cooking, first aid, map reading, etc. presence, from a new website to updated merchan- are full, well featured, well signed, and placed in Resolution #4: Join or start a buying group dise offerings, pricing, fulfillment, promotion, etc. high traffic areas of the store. Think in terms of with similar stores. Belonging to a buying group Strive to double or triple your Internet sales. looking like Costco as opposed to a five-and-dime such as NBS or Sports, Inc. has many benefits and If your website is amateurish, have it redesigned store. Think “impact” and stock accordingly. Goods advantages. There is the obvious benefit of aggre- by a professional, and fill it with product and prices that aren’t moving need to be heavily marked down, gating purchases so as to command better prices. that will bring in the business. Make strong efforts returned, rotated, or any combination thereof. Volume speaks loudly. Secondarily, by interacting to increase your customer base and cross-market If you aggressively get rid of your inventory bits with other buying group members, there is a bene- your store and Internet efforts. and pieces, you will enjoy greater sales, improved ficial exchange of ideas and opinions as to what’s With online sales jumping annually at double customer counts, improved inventory turn rates, hot and what is trending up or down. digit increases, you cannot afford to overlook or greater liquidity, and reduced carrying costs, which Belonging to a buying group also offers the in turn yields greater profits. opportunity to buy or sell inventory to other Work hard to develop an open-to-buy budget members who need it or want to sell it. Just the based upon a turn rate objective of four or five exposure to new ideas and methods of operating annual turns. If successfully implemented, your can be a boon to a retailer. sales and profits will increase while your average Resolution #5: And the most important cash balance will increase significantly. resolution is…totally commit yourself to fulfilling Resolution #3: If your sales are not steadily the first four resolutions. Such declarations come increasing year over year, change or add to your to fruition only as a result of a well-devised imple- current merchandise mix. In the absence of new mentation plan and a rock-hard commitment to items and merchandise categories, your sales make it happen. potential has a finite limit. By adding new product Happy New Year!n Belonging to a buying group also offers the opportunity to buy or sell inventory to other members who need it or want to sell it. Just the exposure to new ideas and methods of operating can be a boon to a retailer. 16 FTR • THE BUSINESS MAGAZINE OF THE SPORTFISHING AND MARINE INDUSTRY www.fishingtackleretailer.com
Retail Matters By Dave Kranz Summit Hurricane 2018 F our weeks before the 2018 ASA for free—if they they were. As ideas began flying around the meet- American Sportfishing Association attend ICAST—was ing room about how to get retailers to join ASA, Sportfishing Summit kicked off, a passed by the board! my thoughts started to change. How do I get other hurricane hit the east coast, leaving Wow! As a member- retailers to see the value of an ASA membership? the Summit organizers wondering ship committee member, How do I get more retailers here? How do I get if the event would have to be I thought that we—the others to see that time, energy, and dollars are well moved. Amazingly, our South committee—would spent by attending and contributing? Finally, can Carolina location was still viable make recommendations I make a difference? to host the Summit. to the board that would The meeting ended with many great ideas to Upon this attendee’s arrival, be considered and voted increase retail membership…but hadn’t the board my taxi driver was stopped a few on during the final board already voted to let every retailer in for free if they blocks from the resort entry due to meeting on Friday. attend ICAST? a downed power line. No problem! At some point, the Fast forward to the closing board meeting, and I would walk down the street to meeting ended…or the guess what the topic of the day was? Retail the entrance, get checked in, and lights came on…or membership! The free retail membership for attend the board of directors meeting as planned. maybe “The Twilight Zone” episode just ended. It ICAST attendees was soon erased, and that’s okay. Not that easy. The wires were hanging over the was then that the theme and focus of the Summit I believe that if it’s free, it has no value. I want it road close to the resort entry, so I would have to became retailer membership! to be worth paying for! walk the beach to get past the wires. I finally made Oh, did I mention another hurricane was head- The best news is that there has never been this it to the gate, called the front desk, and they ing our way? level of concern about getting retailers involved, informed me that the power was out at the resort The next couple of days were filled with speak- so I am recommending that if you ever thought of and would be for three hours and that all the resort ers, meetings, great food, and networking with the becoming a member—or were a member and shuttles were outside the gate stuck in traffic. who’s who of the sportfishing industry. Somehow dropped out—it’s time to take a closer look. No problem. The attendant at the gate house that was all overshadowed by the storm that was The value of participating in your industry may gave me directions to the hotel. I walked past the getting closer by the hour. be hard to put a dollar amount on, but none of us line of cars trying to get out of the resort when a The rain came, the wind blew, and waves looked knows it all. Involvement will help you grow your woman in a golf cart with three grandchildren to be 10-15 feet tall as they crashed on the beach. business, build industry relationships, and foster stopped and asked where I was going. When I told But the real storm was the membership commit- new ideas that you may not ever see within the her, she said, “You need a ride as that’s about a tee meeting! Our focus became retail membership. four walls of your business. mile away.” As a retailer, many thoughts were going Take this opportunity to have a voice, learn, I finally got there, left my luggage at the front through my head. Does a free membership have contribute, and be involved. This can only happen desk, asked for directions to the board meeting, any value? Why am I one of the few retailers here? if we are there to voice our opinions for ourselves and walked in to a dark room with the meeting Am I wasting my time, energy, and dollars being and fellow retailers. After all, we are the sportfish- going on. No power meant no air conditioning or here? Can I make a difference? ing industry! lighting, and it became an episode of “The Twilight I’d never seen 10 board members attend a And don’t forget to listen to the WeFishASA Zone” when a motion to let retail members join membership committee meeting before, but there podcast.n The value of participating in your industry may be hard to put a dollar amount on, but none of us knows it all. Involvement will help you grow your business, build industry relationships, and foster new ideas that you may not ever see within the four walls of your business. www.fishingtackleretailer.com THE BUSINESS MAGAZINE OF THE SPORTFISHING AND MARINE INDUSTRY • FTR 17
Market Insights By Ben Scuderi, Research Analyst, Southwick Associates Fishing Line L et’s talk fishing line! It’s a product that is fundamental to the sport of fishing. While it may not be as sexy as the latest reel or GPS on the market, fishing line is something that every angler needs. And that need translates to a whole lot of sales. In fact, according to Southwick Associates’ Fishing Equipment Market Size Report, fishing line accounted for nearly eight percent of all fishing equipment sales in 2017. The current retail fishing market includes an incredible diversity of fishing lines. Gone are the days when monofilament was the clear choice for all anglers. Today, braided “superlines” and fluo- rocarbon are very popular options, in addition to the traditional monofilament lines. Each of these line types offers benefits and tradeoffs, including casting ability, shock strength, visibility, and of course the price tag. These characteristics make some line types better suited for certain fishing activities than others. Southwick Associates’ Fishing Participation and Equipment Purchases Reports, powered by a national online panel of anglers who share infor- mation with us through AnglerSurvey.com, allow us to explore the most popular line type for each major fishing activity in the United States. Anglers who bought line primarily for use in saltwater habitats have a different preference, And as different types of fishing line emerge and freshwater generally preferred monofilament, with 47 percent of their line purchases being increase in popularity, it is essential to keep an eye with mono making up 41 percent of all freshwater “superline” or braid. Fluorocarbon was the top line on customer preferences in one of the most impor- line purchases. Anglers that mainly fish inshore type associated with offshore saltwater fishing. It tant segments of today’s fishing tackle market. made up 45 percent of fishing line intended for The amount of information available on the blue water environments. fishing tackle market is immense, much more Not all anglers want the same thing, and there than can be shared here. To learn more about the certainly isn’t one fishing line that is best suited fishing line and tackle market via detailed market for every day on the water. Being able to under- reports, or to gain custom research to help your stand the type of line that anglers want on their business grow, please contact Southwick reel for every occasion allows retailers to stock the Associates at Nancy@SouthwickAssociates.com, right products, and ultimately make more sales. or visit www.southwickassociates.com.n Being able to understand the type of line that anglers want on their reel for every occasion allows retailers to stock the right products, and ultimately make more sales. 18 FTR • THE BUSINESS MAGAZINE OF THE SPORTFISHING AND MARINE INDUSTRY www.fishingtackleretailer.com
FYI By Rob Southwick Sportfishing is More Than Play Time Anglers’ expenditures have a significant impact on the nation’s economy F or millions of Americans, recreational and other big-ticket items are worth $13.5 billion Some facts about fishing is more than just a pleasant getaway; it’s in angler spending, followed by fishing tackle ($7.4 a way of life. As an industry, we provide a living billion), and various auxiliary and miscellaneous recreational fishing: for hundreds of thousands of people in businesses products and services such as publications and – Recreational fishing is the nation’s ranging from fishing tackle to boat manufactur- media, licenses, taxidermy, camping gear, and second most popular outdoor ing, stretching down to trucking and logistics, clothing ($7.2 billion). activity after jogging professional services, mining, and much more. Substantially more than any other group, – Nearly one in seven Americans Based on new numbers released by the anglers support the nation’s conservation efforts takes to the water with rod and reel American Sportfishing Association and produced through the Sport Fish Restoration and Boating in hand each year by Southwick Associates, the number of anglers Trust Fund Program. The excise tax on fishing gear – Since 2011, freshwater fishing increased eight percent from 2011 to 2016, while and motorboat fuel channeled more than $600 participation grew 11 percent and fishing equipment sales grew more than 21 million of anglers’ funds to state fish and wildlife Great Lakes fishing grew 9.5 percent percent. When anglers’ expenditures exchange conservation and recreation programs in 2016. – Spending for saltwater fishing hands, their dollars have a significant impact on “Sportfishing has a significant impact on this ($14 billion) is more than twice our nation’s economy. nation’s economy,” said ASA President Glenn what Americans spent on services Sportfishing in America: An Economic Force for Hughes. “Just by enjoying a day on the water, men, for their pets ($5.8 billion) Conservation, available from the “Facts and women, and children across the United States – More Americans fish than play golf Figures” page at ASAfishing.org, highlights how pump billions of dollars into this country’s economy. (23.8 million) and tennis (18.1 million) recreational fishing not only endures as an activ- In many ways, America’s anglers are the nation’s combined ity that benefits all social and economic aspects of most powerful force for conserving our nation’s – If sportfishing were its own Americans’ lives, but also plays a significant role fisheries and waters, investing more than $1 corporation, it would rank #54 on in conserving and enhancing fisheries resources billion dollars in fisheries management and the Fortune 500 List and enhancing the future of our sport. conservation through taxes on fishing equipment – Over twice as many people fished According to the new study, America’s anglers and state fishing license sales.” in 2016 than attended every NFL spend $49.8 billion per year in retail sales associ- “Recreational fishing provides numerous bene- game combined ated with their sport, including tackle, boats and fits to the overall well-being of the U.S.,” said Mike supplies, travel and fuel, support equipment, and Leonard, ASA’s Vice President of Government recreation sector made up 2.2 percent of U.S. GDP much more. With a total annual economic impact Affairs. “Policies that support healthy fisheries ($412 billion) and grew faster than the rest of the of $125 billion, fishing supports more than and angler access are critical to supporting jobs U.S. economy. Now, in government and legislative 800,000 jobs and generates $38 billion in wages and businesses throughout the country.” economic planning and policy discussions, infor- and $16 billion in federal, state, and local taxes. The new analysis is based on data from the mation on the size and clout of sportfishing will be Freshwater fishing, not surprisingly, generated 2016 National Survey of Fishing, Hunting and on hand, helping more people understand the need the greatest impact, with $33 billion in annual Wildlife-Associated Recreation, conducted every for policies and actions that benefit sportfishing expenditures, followed by saltwater ($14 billion) five years on behalf of the Association of Fish and and clean water, not just for anglers’ sake, but for and Great Lakes fishing ($2.3 billion). Considering Wildlife Agencies by the Census Bureau and the the well-being of the national economy.n anglers range from the offshore powerboat driver U.S. Fish and Wildlife Service. down to a local cane pole dabbler, the average The economic news gets even better. For the angler spends $1,392 each year on sportfishing, first time ever, the U.S. government has recognized which roughly equates to $130 per trip. sportfishing and other outdoor recreations as When it comes to spending, travel related items industries and their contributions to the U.S. econ- such as boat fuel, food, transportation, and lodging omy. The BEA’s report and statistics (available at contribute the most to angler spending ($22 billion). https://www.bea.gov/data/special-topics/outdoor- “Special equipment” such as vehicles, boats, cabins, recreation) found that in 2016, the outdoor www.fishingtackleretailer.com THE BUSINESS MAGAZINE OF THE SPORTFISHING AND MARINE INDUSTRY • FTR 19
Guest Column By Jimmy Harris Are We All in This Together? W ell, I got here by opening my big mouth. Ken Duke, Managing Editor of Fishing Tackle Retailer, responded to a comment I made online concerning whether or not some manufacturers in the fly fishing industry were being intentional about helping small shops like ours, or were they only concerned with their own bottom line. I’m wondering whether or not the current rela- tionship is sustainable, and are they looking long term or are they simply tolerating us—indepen- dent retailers—for the moment in order to bolster their own foundation. Before you have a knee-jerk reaction to my statement and question, I am totally into everyone making a profit—and hopefully a good one. But is everyone in the chain making a profit? Are the small fly shops across the country being squeezed into making decisions that may never allow them to make a profit that can sustain the business? Specifically, I’m thinking of the pre-season I’ll admit, I don’t have a good solution in mind, really want. orders we have to make if we want a decent but I do think the manufacturers need to realize The cynic in me keeps whispering that they discount or if we even want product for our shelves that the system is broken. I fully understand that really don’t care how the system affects us. They in the coming year. manufacturers want to have a solid idea in place know the long-term plan is to go “consumer direct.” If we purchased $30,000 in pre-season inven- of what they can sell before their facilities start Many have already done this while continuing to tory in 2018, the only way we get the same terms fabricating product for the coming year. But it also use fly shops to fund their way. and discounts for the coming year is to increase seems that those manufacturers are trying to shift We’re not going to stop this movement, regard- our pre-season order by “X” percentage points. I’m all the risk to their customers. less of what we do. But I do think small shops still sorry, but small destination fly shops just can’t This is a great gig if you can get it, but how play a vital role in the fly fishing industry, and I expect their sales to grow like this year after year. many businesses can actually operate this way for pray it will be recognized as important to the We all end up with excess inventory at the end of the long run? In looking at other business cate- sport. For us to continue, there needs to be a seri- the season, so we have a choice of carrying it over gories across the country, you see things like buyer ous review of how this whole thing works and to the next year or dumping it at cost or less in an cooperatives which bring people together to whether it’s working in the best interest of all “End of Season” sale. In the meantime, we’ve had increase their purchasing power. I’m not necessar- involved.n valuable dollars tied up in too much inventory, and ily suggesting this—just pointing out that the Jimmy Harris, Unicoi Outfitters, Helen, Georgia; now we lose money on the sale. system they were working under did not treat Gold Level Trout Unlimited Business; 2018 Orvis This is not a sustainable model for small shops. everyone fairly and that’s all I think any of us Fly Shop of the Year. We’re not going to stop this movement, regardless of what we do. But I do think small shops still play a vital role in the fly fishing industry, and I pray it will be recognized as important to the sport. For us to continue, there needs to be a serious review of how this whole thing works and whether it’s working in the best interest of all involved. 20 FTR • THE BUSINESS MAGAZINE OF THE SPORTFISHING AND MARINE INDUSTRY www.fishingtackleretailer.com
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Guest Column By John Kushnerick The Industry Data Challenge Does anybody really know what time it is? D oes anybody really care? category growth? Today we are left with fishing license index In 1969, the band Chicago Transit Authority Years ago, the American Sportfishing Association data, import data, excise tax data, and a report on (later known as “Chicago”) asked these simple (ASA) worked on a blind manufacturer survey angler expenditures by category (in retail sales questions. It reminded me of some simple ques- each month to help with this issue. At the time, I dollars) that is part of the U.S. Fish & Wildlife tions I have about the tackle business: How big is was on the ASA Data and Statistics committee. Service survey conducted every five years. our industry? What is my market share? Did the We struggled with voluntary compliance, with Five years! A lot can change in that time. category/categories I compete in grow this getting large companies to participate, and with Some of you might be using the Southwick month/year? If so, by how much? Am I keeping getting meaningful data that could provide Report to determine patterns, shares, and angler pace with my peers? companies with a gauge to judge their monthly data. I’ve used this data for over eight years. It’s They seem like reasonable performance versus their comprehensive and covers a lot of information business questions—questions industry category peers. from a panel of anglers that is representative of I’m sure you’d love to have One large industry the U.S. public. However, since it is from a answered, but our industry player refused to partici- consumer panel of anglers, it tends to skew “avid” suffers from a lack of meaningful pate since it managed a in terms of participation. That’s great if you’re data on those questions. market research depart- selling bait, lures, terminal tackle, electronics, etc., As a salesman and marketer ment and wanted to keep but not so good if you represent brands that cater in the food business years ago, that data internal. Some to the entry-level fishing market. each month I received data from companies used a legal Rod and reel combos are large sellers for mass such sources as A.C Nielsen and argument to say that the merchants and big box retailers. They’re sold to IRI. In the heavily regulated information was privi- less experienced anglers than are specialty baits. world of firearms and ammuni- leged and would be Thus, the data often underrepresents brands that tion, you can find the data. In against the wishes of tend to be “entry level.” Japan, the fishing industry their shareholders. The With the Recreational Boating & Fishing reports category sales data. In the United States program soon died due to a lack of support. Foundation, we have lots of angler participation tackle market, however, we do not. As marketers Two years ago, the ASA Data and Statistics data on youth participation, Hispanic participa- and manufacturers of fishing tackle, we lack an Committee explored the possibility of working tion, perceptions, and other demographic data independent industry-accepted source of consumer with either of two vendors to help provide ASA useful to any company wanting information on purchase data. and manufacturers with measurable point of sale our audience and participants. Some of us are left to guesstimate the size of data. Due to issues of key account and dealer The most recent Data and Statistics committee the U.S., North American, and global market for coverage, as well as a lack of financial incentive, meeting was held in October at the ASA our categories. If you have long-time industry both options were shelved. Sportfishing Summit, and the committee has experience in these markets, trade customers and Some companies track their weekly point of proposed new ideas and potential solutions to this consumer research, you might be able to use this sale data from all the major retailers to see issue. For the sake of our industry, I hope we can data in your own internal strategic planning patterns in year-to-year and week-to-week sales. come up with a solution before the next U.S. Fish efforts. But what if you’re a small company look- However, this only gives a picture of your perform- & Wildlife Service survey is conducted in 2021. ing for investors? How do you provide credible ance. It fails to capture competitor or category Does anybody know the size of key fishing cate- data on your market share, category size, and sales data. gories? Does anybody really care? I know I do.n The most recent Data and Statistics committee meeting was held in October at the ASA Sportfishing Summit, and the committee has proposed new ideas and poten- tial solutions to this issue. For the sake of our industry, I hope we can come up with a solution before the next U.S. Fish & Wildlife Service survey is conducted in 2021. 22 FTR • THE BUSINESS MAGAZINE OF THE SPORTFISHING AND MARINE INDUSTRY www.fishingtackleretailer.com
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Tackle Reports A Band of Anglers Acquires for SpoolTek,” said Walsh. “I’m also SpoolTek confident that A Band of Anglers CEO Brian Anderson will bring the A Band of Anglers, the umbrella brand Dave Justice and I created to company founded in 2017 by Patrick worldwide exposure and international Sébile, which owns multiple fishing success.” tackle brands including Ocean Born, Sébile has admired SpoolTek since Hyperlastics, and Engage, has its introduction in 2013. acquired SpoolTek Lures. SpoolTek is “Ever since I was a teenager, I realized renowned for its patented concealed the importance of lure leverage in leader technology. losing fish,” said Sébile. “When I saw The SpoolTek name is derived from the SpoolTek concealed leader tech- a patented lure design containing a nology, I immediately wished I had built-in spool that conceals a stainless invented it myself. A Band of Anglers steel leader inside the lure. When a is thrilled to own this patented tech- fish strikes and the angler sets the SpoolTek’s leader technology is the nology. We have big plans for it.” hook, the leader is deployed by product of snook specialist Dave Currently, the SpoolTek Pro Series of unspooling. This revolutionary design Justice and medical device inventor swimbaits comes in two models—the provides two distinct advantages: Chris Walsh. They combined their Fatty and the Stretch. The Fatty comes (1) it allows the angler to use a lighter passion for fishing with innovative in three sizes—4-inch (1/2 ounce), 6-inch leader (or no leader at all), which allows problem solving to come up with a (1-3/4 ounces), and 6-inch Extra Heavy for a stealthier approach and helps to system that gives every angler a better (3-3/4 ounces). The Stretch is nine prevent the line or leader from being chance to hook and land the fish of his inches long and weighs two ounces. cut by sharp objects and toothy or her dreams…even toothy species Thus, there’s a size and weight for species; and (2) it creates distance that often leave lines and hearts broken. virtually any freshwater or saltwater between the hook and the weighted “I’m extremely proud and happy species, and A Band of Anglers will be lure body, preventing the fish from that one of the world’s most famous introducing even more baits featuring throwing the hook with a head shake and accomplished anglers and lure SpoolTek technology in the near by leveraging the weight of the lure. designers (Patrick Sébile, founder of future, both growing the range of These two advantages result in many A Band of Anglers) will now own and swimbaits and utilizing the patented more fish hooked and landed. drive future product development technology in other lure designs. BRP Marine Group Appoints to optimize the company’s network enhancement strategies. He served as New Director of Network performance. Noble will report directly to Tracy Crocker, president of the BRP director of sales with PG&A at Textron prior to joining BRP Marine Group, Development Marine Group and senior vice president and has also served in positions of BRP Marine Group and general manager of Evinrude. progressive leadership and responsi- recently appointed a “Acquiring an experienced individual bility with both Arctic Cat and Honda new director of to focus on the training of our sales Motor Co. Noble has a bachelor’s network development: and dealer development staff, in degree in business marketing from Dustin Noble. addition to streamlining our internal St. Mary’s University. Noble will be processes, is vital to building on our “I am excited to join the talented responsible for managing and defining core customer base,” said Crocker. staff at such iconic product lines,” said the programs and strategies that will “We are looking forward to capitalizing Noble. “From the top down, every elevate and expand the BRP Marine on Dustin’s years of applicable experi- person that is part of BRP Marine Group dealer and distributor network, ence and the new energy he will add Group has the drive to provide the including the BRP Marine Group to the development of our brands.” best boat buying and on-the-water channel and network transformation Noble brings nearly 20 years of experience for our customers. I know strategy. He will also work with experience driving profit and that this will be an opportunity full of Evinrude, Alumacraft, and Manitou increased market share through potential, and I’m looking forward to sales leaders to shape the tools for network and dealer optimization, sales both contributing and learning in my sales and dealer development teams margin growth programs, and brand new role.” 28 FTR • THE BUSINESS MAGAZINE OF THE SPORTFISHING AND MARINE INDUSTRY www.fishingtackleretailer.com
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Tackle Reports Z-Man Earns Esteemed Headlining an impressive list of truly reflects the great partnership President’s Award accomplishments in 2018, between our companies.” Pitman Creek experienced a “Our President’s Award program Pitman Creek Wholesale staggering 425-percent increase seeks to recognize those elite suppliers recently presented Z-Man in sales of Z-Man Fishing that help us succeed in accomplishing Fishing Products with its Products. Further cementing its our vision of superior customer service prestigious 2018 President’s recognition among Pitman and being first to market,” said John D. Award. Announced during Creek partners, Z-Man was Johnson, GM and chief operating Pitman Creek’s annual fall acknowledged for consistent officer of Pitman Creek. “Distribution dealer show, the participation in Pitman in the tackle industry is transforming at President’s Award is Creek programs that add an incredible rate. The relationships bestowed upon the fish- value to the dealers, as well we have with our supply base means ing tackle manufacturer that achieves as continuous, exceptional product everything when it comes to providing the highest levels of excellence in innovation. a strong assortment offering, the operations and customer experience. “Time has flown by since those first cutting-edge products needed today, Each year, more than 300 fishing years of working with the folks at and mobility services of tomorrow. tackle manufacturers are considered Pitman Creek, developing the right Z-Man delivers on these each and for the coveted award. assortment and the right sales plan to every day.” “President’s Award recipients help grow their Z-Man business,” said “Both companies have seen exemplify the very best in all aspects Z-Man national sales manager Glenn explosive growth over the last few of operations, sales performance, and Young. “To be honest, I was initially years,” said Z-Man president Daniel partnership,” said James S. Coffey, surprised we won this award. But when Nussbaum. “We believe it’s largely president and CEO of Pitman Creek. you look at the work and support due to being extremely customer- “This is an opportunity for us to honor Pitman Creek has put in, and couple focused and investing in marketing, those suppliers who are truly the best that with our efforts at Z-Man, I probably personnel, and infrastructure in equal of the best.” shouldn’t be that surprised. The award measure.” ASA Appoints New look forward to working with him.” tion of science and management “Given the numerous fisheries where he oversaw the regulatory Atlantic Fisheries management issues in the region process working with technical Policy Director affecting important species like committees, industry constituents, and The American striped bass, summer flounder, legislators to bring comprehensive Sportfishing menhaden, and black sea bass, management approaches to contro- Association is pleased the recreational fishing industry versial species such as menhaden and to announce that needs a strong voice to engage in striped bass. Michael Waine, most the policymaking process,” said Waine most recently worked as an recently a Fisheries Management Mike Leonard, ASA’s vice president analyst with NOAA Fisheries where he Analyst with NOAA Fisheries, has of government affairs. “Mike is well was involved in rulemaking on joined the ASA staff as Atlantic qualified to serve this role for us, bycatch reporting and helped head a Fisheries Policy Director. Based in and I’m excited that he’s joining the new initiative on ecosystem-based Morehead City, N.C., Waine will focus ASA team.” fishery management. on fisheries policy in the Mid-Atlantic Waine began his career as a “It’s an honor to join ASA’s govern- and New England regions. research associate, managing an envi- ment affairs team where I can use my “Mike’s seasoned experience at the ronmental risk assessment for passion for fishing, existing working state and federal levels adds another exploratory wind farm locations in relationships, and on-the-ground layer of expertise to our government North Carolina. He then spent five experience to represent the interests affairs team to help respond to the years working for the Atlantic States of ASA’s membership,” said Waine. myriad of East Coast fisheries policy Marine Fisheries Commission, where “The sportfishing industry is facing issues that impact our members and he coordinated the development of many new challenges in the Atlantic anglers,” said ASA president Glenn fishery management plans for many region, and I look forward to sharing Hughes. “Mike came highly recom- high profile Atlantic species such as my knowledge and engaging ASA’s mended to us as an authority on striped bass and menhaden. membership in the fishery manage- Atlantic fisheries management and we His role placed him at the intersec- ment process.” 30 FTR • THE BUSINESS MAGAZINE OF THE SPORTFISHING AND MARINE INDUSTRY www.fishingtackleretailer.com
苏州上花2019年夏季 (国际)渔具展览会 Suzhou Shanghua Fishing Tackle Exhibition 2019 Summer The 2019 Summer Suzhou Shanghua Fishing Tackle Exhibition promises international buyers a whole new experience. By choosing Suzhou as the location for its show, the show will welcome international visitors to an exciting venue close to the non-stop city of Shanghai, China’s trading center and its most cosmopolitan metropolis. The surrounding area is home to the biggest tackle trade centers of southern China, which opens up whole new supply chains to international traders. Come be part of an exciting new era in the Chinese tackle trade — and take a chance to transform your business. cifte.rd@hotmail.com www.cifte.co CIRCLE NUMBER 032 ON READER SERVICE CARD
Tackle Reports Bullet Weights Recognized stressful situations in the course of with Award for Support of their duty and should not have to deal with additional worries in the Guard and Reserve Employees civilian workplace, so we believe it is Bullet Weights recently received the our duty to stand behind these valued Above and Beyond Award from the Patriot Award, and who have signed or employees.” Employer Support of the Guard and agree to sign an ESGR Statement of “The Above and Beyond Award is Reserve program. Support. presented on behalf of the men and The Above and Beyond Award is Joe Cook, ESGR area chair and women of the National Guard and presented by ESGR state committees volunteer, presented the Above and Reserve forces,” Cook said. “It’s a to recognize employers at the local Beyond Award in November at Bullet pleasure for me to recognize Bullet level. Recipients have gone above and Weights’ Alda, Nebraska, headquar- Weights once again for outstanding beyond the legal requirements of the ters. In 2017, Bullet Weights received service and continuing support to the Uniformed Services Employment and the ESGR Seven Seals Award, and national defense.” Reemployment Rights Act by provid- company president Joe Crumrine was Headquartered in Alda, Bullet ing their Guard and Reserve employ- honored with a Patriot Award. Both Weights is a leading manufacturer of ees additional, non-mandated awards are given to employers for fishing sinkers and accessories. The benefits such as differential or full pay outstanding support of their employees company offers fishing sinkers made to offset lost wages, extended health in the Guard and Reserve. of lead, steel, tin, tungsten, and brass. benefits, and other similar benefits. “We at Bullet Weights appreciate Bullet Weights products are available The award is given to employers who the service that members of the Guard at fishing tackle retailers, sporting have had at least one of their supervi- and Reserve give to our country,” goods stores, and sporting goods sors/managers recognized with a Crumrine said. “They experience departments of mass merchants. CIRCLE NUMBER 007 ON READER SERVICE CARD
Tackle Reports Huk Makes Additions to the apparel business to join us in taking apparel market,” said Perkinson. “Our Management Team Huk to the next level. Todd, Al, and goal will be to turn that wave of enthu- Squig are proven pros and we’re happy siasm into sustainable growth by Huk Performance Fishing announced to place Huk in their hands and to have continuing to fuel our customers’ additions to its management team. them lead our already strong team.” passions for fishing and the outdoors. Todd Howard, a veteran of the apparel Howard, who has spent the last two Huk is the most exciting young brand in industry and former senior executive decades managing growth-oriented our industry, and I’m looking forward to at Global Brands and Tommy Hilfiger, apparel brands, will bring much needed helping it reach its significant potential.” will serve as president. Al Perkinson, apparel industry disciplines to Huk. Quigley, a surfing and fishing former brand steward and marketing “Adding best practices in design apparel design innovator and industry lead for Costa Sunglasses and Simms and sourcing as well as logistics and veteran, will lead Huk’s product design Fishing Products, will join as executive retail strategy to the exciting Huk from the new Huk design center vice president and chief marketing brand will ensure that our partners located in San Clemente, California. officer. And Lawrance “Squig” Quigley, have the opportunity to maximize “I’m stoked to help Huk bring a new former head of apparel design for their growth and performance with and fresh look to fishing apparel with Oakley, Local Motion, Rip Curl, and Huk in the rapidly expanding fishing intuitive design, sport-appropriate fit founder of Fishworks, will serve as space,” said Howard. and performance that blows your chief of product design. Perkinson, a visionary brand mind,” said Quigley. “I love surfing, “We believe that Huk is one of the marketer, will lead Huk’s brand fishing, and anything to do with the most exciting young brands in the marketing and communication. ocean, so becoming the captain of the outdoor world,” said Edwin Lewis, “The new energy and awareness that design team for one of the fastest chairman of Huk. “We’re inviting the Huk has created in such a short amount growing brands on the water is a best, most seasoned professionals in of time is unheard of in the fishing dream come true.” CIRCLE NUMBER 008 ON READER SERVICE CARD
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