The Ledger, every show
Every statement that passed quotation and attribution checks, across all 44 shows. Pick shows below, then mix any filter with any other.
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every show 44 of 44
Weber: Track Officials Ejected Brooks Execs From 2012 Olympic Trials
“They kicked me out, our head of marketing, and our head of sports marketing.”
Weber: Bringing one shoe style to market costs $500K to $1M
“Takes a half a million to a million bucks to bring one style to market.”
Weber: Brooks turned its supply chain back on 6-12 weeks before competitors
“We turned our supply chain on at least six to 12 weeks before anybody else did.”
Weber: Brooks reached number one US running shoe position with 21.5% share
“We became the number one running shoe brand in the United States in the last 12 months, last month. 21 and a half percent share in performance running.”
Jim Weber: Industry Thought Brooks Would Fail by Focusing Solely on Running
“And so, but when we made the decision to burn the boats on everything, but performance running, the industry had never seen that before. And most people thought we were crazy that we wouldn't survive.”
Weber: Brooks Running Has Not Needed Outside Capital Since 2001
“We haven't needed a dollar of capital since 2001.”
Weber: Brooks Averaged Over 50% Return on Tangible Net Assets
“Our return on tangible net assets has been over Over 50% for the last 15 years.”
Brooks CEO: Ghost and Adrenaline are top two US performance running shoes
“We have two of the best selling shoes now in the United States, the Ghost and the Adrenaline. They're the two top shoes in the performance running category.”
Weber: College Runners Often Race in Major Brands, But Train in Brooks
“A lot of the college athletes that race in the big brands, Train in Brooks. Every day.”
Weber: Brooks generated $10M in cash during his first nine months
“And we generated ten million of cash that first nine months. That's how much we shrunk the balance sheet with focus.”
Weber: Brooks Running tripled its business between 2009 and 2014
“Oh, eight, oh, nine, just as that was going on, you know, obviously great recession. We tripled the business. From 2009 to 20 14.”
Weber: Nike signed a 27-year marketing agreement with USATF
“Nike, ah, signs a 27 year marketing agreement with the governing body of our sport, USA Track and Field.”
Weber: Brooks digital sales rose to 80%, driving record May 2020 revenue
“Digital went from 30% of all of our products going through a website of somebody's, ours or another partner's, it went to 80% by the end of April, and in May, we sold more in May 2020, almost all through digital than we did in May 19.”
Weber: Brooks targets 60M unique customers and $4B revenue in 10 years
“So we see an opportunity for sixty million customers, Sixty million uniques up from maybe fifteen million today, four bagger, and four billion in revenue.”
Weber: 45% of Brooks factories shut for 3 months during 2021 Vietnam lockdowns
“45% of my factories didn't make a shoe for three months. So I, we grew 20, ah, 30, 31% last year. We are up 43% coming into that, that, that, you know, product issue”
Jim Weber: Global Running Market Is a $30 Billion Category
“The market in running, it's the biggest category in all of sporting goods. It's the biggest category in athletic footwear. It always has been. It's about a thirty billion dollar category globally. Apparel and footwear.”
Weber: Frequent runners go through 2.6 pairs of shoes annually
“A frequent runner will put 20 to 30 miles a week. They'll go through 2.6 pairs of shoes a year.”
Weber: Brooks Was #1 in Houston Half Marathon, #2 Behind Nike Overall
“So Houston Marathon, 8006 thousand marathoners, 12,000 halves. Number one shoe in the half, Brooks. Number two shoe in the full. There's a little brand down in Portland, Oregon. They were number one. But we are on their heels.”
Brooks CEO: Big 5 made up $10M of Brooks' $60M revenue
“We were doing ten million of sixty million of revenue with them at 30 dollar shoes. My first meeting with them is we love Brooks. We see a great future for you.”
Weber: Women have driven running growth since the mid-1990s
“I mean, we doubled the business, and women have driven this sport since the mid nineties.”
Jim Weber: Fruit of the Loom bought Russell for ~$1 billion
“Fruit was, you know, sort of consolidating all their stuff, and they had bought Russell for about a billion dollars with internal capital, and they were about to go and restructure that.”
Weber: 90% of Brooks Running products were sold via retail before COVID-19
“90% of our products went through a retailer.”