January 26, 2018
After a year that started with threats of a border adjustment tax that would turn industry cost accounting on its head, as we go into 2018 the sourcing outlook is mostly stable, despite some saber rattling on trade policy coming from the administration.
Whether it was the political reaction to the Trump Administration or the warm reception in Denver or the sheer density created by shoehorning two trade shows into roughly the same space that had formerly been occupied by just one trade show, there was little doubt that the energy coming out of the first day of the new Denver show surprised just about everyone.
Cleaner distribution, less discounting and the retail bankruptcies reduced competitive pressure on surviving independents and green grass pro shops, but participation declined in 2017 after two years of gains, and the new tax bill passed in Dec. eliminated deductions for entertainment expenses such as corporate golf outings.
The Eager Beavertons saw Bill Ackman’s Pershing Square Capital Management take an unspecified stake in the company, according to multiple reports citing an inside source.