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June, 2024

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

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negin
Posts: 10 - Karma: 130
Trying to stay anonymous here for legal reasons but DPS likely won’t exist much longer. Was an employee there for the past two years and it’s been an ever revolving mess of poor management. Over half the factory was laid off today. They’re 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 it’s likely gonna be an RIP to DPS.
Jun 7 2024 6:55PM
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GayWolf420
Posts: 37011 - Karma: 114,272
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
Posts: 2742 - Karma: 15,636
Dps blowout soon
Jun 7 2024 7:04PM
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hi_vis360
Posts: 4748 - Karma: 47,653
This is about the US factory right?
Jun 7 2024 7:38PM
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midwestcoast
Posts: 161 - Karma: 1,569
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
Posts: 10 - Karma: 130
hi_vis360This is about the US factory right?


Yes
Jun 7 2024 11:01PM
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verynormalguy
Posts: 450 - Karma: 7,490
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
Posts: 268 - Karma: -2,010
And nothing of value was lost that day
Jun 8 2024 1:58AM
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ramlaKramlaJ
Posts: 1180 - Karma: 10,529
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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messisucks
Posts: 269 - Karma: 1,121
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
Posts: 3340 - Karma: 5,718
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
Posts: 1087 - Karma: 6,412
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
Posts: 7806 - Karma: 23,774
Thoughts and prayers to all the dentists out there hurting today
Jun 8 2024 6:42PM
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BrownSnow
Posts: 115 - Karma: 640
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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messisucks
Posts: 269 - Karma: 1,121
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
Posts: 1772 - Karma: 4,008
I like the thick one, teaspoon or somethin.
Jun 8 2024 10:23PM
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jps2.0
Posts: 474 - Karma: 2,392
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
Posts: 115 - Karma: 640
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
Posts: 2773 - Karma: 33,435
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
Posts: 268 - Karma: -2,010
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
Posts: 312 - Karma: 1,111
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
Posts: 781 - Karma: 6,150
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
Posts: 3136 - Karma: 30,639
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
Posts: 37011 - Karma: 114,272
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
Posts: 8211 - Karma: 6,589
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
Posts: 305 - Karma: 2,643
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
Posts: 10 - Karma: 130
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
Posts: 680 - Karma: 3,017
RIP Dumb Person Skis
Jun 10 2024 7:25PM
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mountaindewgirl
Posts: 2279 - Karma: 20,776
Doesn't Pencil, Shit.
Jun 10 2024 8:04PM
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jimbobs
Posts: 223 - Karma: 2,294
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
Posts: 9162 - Karma: 65,908
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
Posts: 724 - Karma: 955
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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lil.Boye
Posts: 2488 - Karma: 11,311
My koalas will now be a collecters item. Gonna hit street on em to flex to dentists
Jun 13 2024 6:37PM
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midwestcoast
Posts: 161 - Karma: 1,569
Any update on this? Haven’t seen or heard anything from any my local idiots
Jul 22 2024 8:40PM
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Brule.
Posts: 3868 - Karma: 5,763
Definitely Probably Shit
Jul 22 2024 9:38PM
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iH8pow
Posts: 1754 - Karma: 7,384
Never heard of them I guess because I’m not a dentist and I don’t ski the devils cocaine, anything outside the park is a waste of time anyways
Jul 22 2024 11:44PM
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STEEZUS_CHRI5T
Posts: 2817 - Karma: 21,301
iH8powNever heard of them I guess because I’m not a dentist and I don’t ski the devils cocaine, anything outside the park is a waste of time anyways


I had to look it up a few different ways just to find their site, I had never heard of them either.
Jul 24 2024 7:45AM
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