DPS loses biggest investor, over half the factory laid off.

negin · 2024-06-07 18:55:54

Trying to stay anonymous here for legal reasons but DPS likely wonÃ¢ÂÂt exist much longer. Was an employee there for the past two years and itÃ¢ÂÂs been an ever revolving mess of poor management. Over half the factory was laid off today. TheyÃ¢ÂÂre applying for a new license, starting from scratch, and all the current investors got screwed out of their money. Will try to post more updates as I hear more info but itÃ¢ÂÂs likely gonna be an RIP to DPS.

GayWolf420

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Basement Dweller

Earth is healing, boys. The Ski Industry is starting to eat its own ass. Lets rejoice!

Jun 7 2024 7:02PM

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PartyBullshiit

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Dps blowout soon

Jun 7 2024 7:04PM

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hi_vis360

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This is about the US factory right?

Jun 7 2024 7:38PM

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midwestcoast

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RIP and kudos for the update. Hope this isn’t true, but common place in this industry…

People really don’t understand how difficult the ski hardgoods game is. It’s a very delicate balance between r&d, marketing, and sales. If the entire team isn’t 100% aligned there’s gonna be an issue.

I considered throwing long term money at faction during their heyday and am SO glad I didn’t.

Luckily for me, around the same Amer purchased Armada for only $4M. Their yearly sales were shocking. Considering todays inflation, I can’t imagine how thin margins have become since then….

Good luck in the future! Don’t ever be afraid to lead with DPS on your resume! There is serious street cred and opportunity for people who’ve been a part of, and understand the mechanics of why and how a business fails….

Jun 7 2024 7:46PM

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negin

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hi_vis360This is about the US factory right?

Yes

Jun 7 2024 11:01PM

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verynormalguy

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Whew thank the lord, I believe the Chinese DPS factory is where Vishnus are made

neginYes

Jun 7 2024 11:28PM

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weatcoast

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And nothing of value was lost that day

Jun 8 2024 1:58AM

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FakeKalmar

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verynormalguyWhew thank the lord, I believe the Chinese DPS factory is where Vishnus are made

They can't close the chinese factory because it would be unethical to leave children jobless

Jun 8 2024 2:39AM

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FreakSchoolers

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JalmarKalmarThey can't close the chinese factory because it would be unethical to leave children jobless

Hey so I'm Chinese and used to work at ski brand factory, they actually paid me pretty well I think it was 2$ an hour! When the company went under, they gave me a new job right away!

Jun 8 2024 3:46AM

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snomaster

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mismanagement is why most companies fail.
here’s hoping we get access to low cost pow sticks soon!

Jun 8 2024 9:07AM

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nCrow

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Yup full stack is not in a good spot right now
from what I’ve heard

midwestcoastRIP and kudos for the update. Hope this isn’t true, but common place in this industry…

People really don’t understand how difficult the ski hardgoods game is. It’s a very delicate balance between r&d, marketing, and sales. If the entire team isn’t 100% aligned there’s gonna be an issue.

I considered throwing long term money at faction during their heyday and am SO glad I didn’t.

Luckily for me, around the same Amer purchased Armada for only $4M. Their yearly sales were shocking. Considering todays inflation, I can’t imagine how thin margins have become since then….

Good luck in the future! Don’t ever be afraid to lead with DPS on your resume! There is serious street cred and opportunity for people who’ve been a part of, and understand the mechanics of why and how a business fails….

Jun 8 2024 12:21PM

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Casey

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Thoughts and prayers to all the dentists out there hurting today

Jun 8 2024 6:42PM

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BrownSnow

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What is DPS I have never seen one of their skis in my entire life lol

Jun 8 2024 7:05PM

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FreakSchoolers

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It's a Backcountry ski

BrownSnowWhat is DPS I have never seen one of their skis in my entire life lol

Jun 8 2024 8:40PM

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BallClapper

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I like the thick one, teaspoon or somethin.

Jun 8 2024 10:23PM

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jps2.0

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snomastermismanagement is why most companies fail.
here’s hoping we get access to low cost pow sticks soon!

mismanagement isn't why ski companies fail
greedy accountant managers isn't why brands like armada and 4frnt were effectively sold for nothing
Razor thin margins exist that are dependent on things out of your control like exchange rates

Jun 9 2024 1:24AM

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BrownSnow

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Went and checked their prices, now I know why Ive never seen a pair of those skis before, 2000 dollars, jesus christ.

Jun 9 2024 10:48AM

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snowfinder

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Tried out pretty much every ski they made one year and was disappointed everytime. Also guessing developing this didn't help with the cash flow, https://www.dpsskis.com/collections/phantom-glide/products/phantomglide/?utm_source=GG&utm_medium=CPC&utm_campaign=CK-GG-BR-PHAN-SRCH-BO&gad_source=1&gclid=Cj0KCQjwpZWzBhC0ARIsACvjWRNeml2i1fPW7PHY3WQYhTlGBjxjWXPIvzGVN6pfPFbsCI8g2ZmX3nkaAoyLEALw_wcB

Jun 9 2024 4:50PM

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weatcoast

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Guess charging $2000 for average quality skis wasn’t enough to keep the lights on

Jun 9 2024 5:04PM

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Vzx

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BrownSnowWent and checked their prices, now I know why Ive never seen a pair of those skis before, 2000 dollars, jesus christ.

Only saw them at Lake Louise once no wonder nobody buys them.

**This post was edited on Jun 9th 2024 at 5:16:51pm

Jun 9 2024 5:12PM

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b0ss

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69Skier69And nothing of value was lost that day

Except for half a factory’s worth of well trained and passionate craftsmen and women.

Jun 9 2024 8:39PM

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dwt802

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That’s a bummer, they just signed a good homie of mines brother a little bit ago. He left a k2 deal of some sort for it I believe. Hella unfortunate. Thoughts to the workers and athletes tryna get it through this.

Jun 9 2024 9:39PM

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GayWolf420

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dwt802That’s a bummer, they just signed a good homie of mines brother a little bit ago. He left a k2 deal of some sort for it I believe. Hella unfortunate. Thoughts to the workers and athletes tryna get it through this.

Super sad that rich tech bros can't ski for free :(

Jun 9 2024 9:50PM

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skierman

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b0ssExcept for half a factory’s worth of well trained and passionate craftsmen and women.

You do know being "fired" and being "executed" aren't the same things, right?

Jun 10 2024 10:05AM

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Yukon_Cornelius

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skiermanYou do know being "fired" and being "executed" aren't the same things, right?

social credit score -10 for this take

Jun 10 2024 2:11PM

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negin

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GayWolf420Super sad that rich tech bros can't ski for free :(

Hope you realize it was the factory workers barely making a living wage who were let go. Upper management who made the constant poor decisions that led to this all still have their salaried jobs.

Jun 10 2024 2:58PM

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The_RaginAsian

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RIP Dumb Person Skis

Jun 10 2024 7:25PM

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mountaindewgirl

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Doesn't Pencil, Shit.

Jun 10 2024 8:04PM

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jimbobs

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guys all dps skis totally suck. do not buy the koala 103 in 189. i will take one for the team and buy them all once they're on closeout. you're welcome.

Jun 11 2024 12:35PM

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BigPurpleSkiSuit

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69Skier69Guess charging $2000 for average quality skis wasn’t enough to keep the lights on

How could it not have been?

Jun 11 2024 5:55PM

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freeballer

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neginHope you realize it was the factory workers barely making a living wage who were let go. Upper management who made the constant poor decisions that led to this all still have their salaried jobs.

They won't have jobs when the company is out of business. DPS is a tiny ski company compared to Rossignol, K2, Salomon, Atomic, etc. I doubt there are a lot of upper management positions at DPS just getting rich off the backs of factory workers. What percentage of DPS skis are made in Utah vs their Chinese factory that they don't own? DPS isn't Walmart or some other large company that can downsize lower lever employees and be ok. Everyone will be gone once the ski industry continues to tank.

Jun 12 2024 5:33PM

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