|
GV
Snowshoes has 40 regular employees with
up to 60 people during the high season.
They're the 3rd largest snowshoe manufacturer
in the world. The business has an international
reputation for quality and product diversity
and continues to grow.
In
1982, Mr. Vincent bought the defunct brand
name GV Snowshoes along with a warehouse
full of unfinished wood snowshoe frames
from Antoine Gros-Louis, who'd been a very
large snowshoe manufacturer. Mr. Vincent
began resurrecting the brand name by varnishing,
lacing and selling the snowshoes from home.
Sales took off after he revived the distribution
network. Today, GV Snowshoes does 3-4 million
dollars a year in business, mainly with
the US and Europe.

Four
years after resurrecting GV Snowshoes, they
were manufacturing and selling an average
of 45,000 pairs of wood snowshoes annually.
Their sales dropped in the US with the advent
of aluminum snowshoes so they produced their
own aluminum brand.
|
Aluminum
shoe sales doubled annually. The company
now owns three buildings for manufacturing
and warehousing. Europe
tends to buy a lower quality snowshoe so
they have less sales and less competitors.
The US is the majority of their business
and they have about 20 competitors. The
brand, quality and price keep them in the
game.
Their
market research involves traveling to the
various locations, walking into a store
and asking questions. Stephen says people
tend to think market research is complicated
but it can be that simple.
GV
Snowshoes aims to be number one in the world.

Stephen
Vincent says to start small and grow carefully.
Save when the going is good. It'll carry
you through the slow times. Know your client
needs. Learn from other peoples' mistakes.
It's cheaper.
|