Jump to content

Yeti Holdings

From Wikipedia, the free encyclopedia

This is an old revision of this page, as edited by Wxidea (talk | contribs) at 18:35, 15 September 2015 (moved a paragraph down). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

YETI Coolers
Company typePrivate
Founded2006
FounderRoy and Ryan Seiders
Headquarters,
USA
Productscoolers, drinkware
Websitewww.yeticoolers.com

YETI Coolers is an Austin, Texas-based manufacturer of outdoor lifestyle products such as ice chests, vacuum-insulated stainless-steel drinkware, soft coolers, and related accessories [1].

History

Brothers Roy and Ryan Seiders founded the company in 2006 and are said to have established the “luxury cooler industry” [2].

Angler and hunter Roy Seiders began his career making custom boats for fishing the Texas Gulf Coast after graduating from Texas Tech University [3]. In 2006, Roy’s brother Ryan sold Waterloo Rods, the company he had owned and operated for nine years, and the pair founded YETI Coolers [4].

YETI Coolers gets its name from Yeti, the abominable snowman [5]. The Seiders’ goal in establishing the company was to build a “grizzly-proof” [6] cooler “for the serious outdoor enthusiast rather than for the mass discount retailers” [7].

The company faced an initial challenge of convincing consumers to spend more than the typical $40 on a cooler [8]. YETI Coolers grew by selling to niche markets such as hunting and fishing enthusiasts. In 2013, sales reached $100 million, up 50 percent from 2012 [6].

References

  1. ^ "Speaking of YETI". Angling Trade. Retrieved July 30, 2015.
  2. ^ "Abominable pitchmen yeti coolers created high end market". CampaignLive. Retrieved November 14, 2011.
  3. ^ "Playing it Cool: The Founders of YETI Coolers". ATXMan. Retrieved October 1, 2013.
  4. ^ "The Most Expensive, Bear-Proof, Thief-Baiting Way to Keep Your Beer Cold". Bloomberg. Retrieved October 17, 2013.
  5. ^ "How YETI Made a Cooler an Aspirational Brand". AdAge. Retrieved Oct 6, 2014.
  6. ^ a b "How YETI Made a Cooler an Aspirational Brand". AdAge. Retrieved Oct 6, 2014.
  7. ^ "YETI". Southwest Boating Magazine. Retrieved September 1, 2014.
  8. ^ "These Guys Turned Coolers Into a Luxury Item". Inc. Retrieved April 30, 2013.