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Show yd aly yiiiirjtfiiiiiy-ii-ryfryii . r..t !! it fiiy-yi TV e THE PARK RECORD www.parkrecord.com SATSUNMONTUESJUNE 15-18,2002 o B-9 BUSINESS EDITOR: Jana McQuay 649-9014 ext 113 businessparkrecord.com Briefs - . Deer Valley kicks off summer operation Deer Valley Resort kicks off its sum- I mer operation this weekend. Today, the , resort opened its Mountain Bike School ' and chairlifts for riding, hiking and lift- I served mountain biking. On Friday, 5 Deer Valley opened McHenrs restau- i rant, a mountainside lunch spot. The lift operates Wednesdays- ; Sundays and holidays, conditions per-f per-f miffing, 10 a.m.-5:30 p.m. An all-day pass is $16, a single-ride pass is $9, ; and a season pass is $250. A scenic , ride pass is $8, seniors 65 and over are : $7, and children under six-years-old ,: ride free. ; Deer Valley also offers mountain . bikes and helmets for rent The Rental ; . Shop fe open Wednesdays-Sundays, 10 a.m.-6 p.m. and is located outside I ; Silver Lake Lodge at the base of the L Sterling lift For more information, cal ' ; 649-1000. or (800) 424-DEER (3337). ..' The Mountain Bike School offers : ' haff-oyarKlfu8-day mountain bike din- 1 i ics and mountain tours. Located outside ' Saver Lake Lodge at the base of the . ; Sterling. yft, the school caters to Sft- served downhill, uphi8 touring, and pri- j vate lessons Wednesdays-Sundays, t Group clinics are available Fridays- . ; Sundays beginning at 10:30 am Call ; ahead for availability at 649-3101. ; ' ; Lunch is served at McHenry's i restaurant Wednesdays-Sundays and '; holidays through Labor Day, 11 :30 a.m. ; to 2:30 p.m. Children's and take-out menus also are available. For more information, call 645-6724, or (800) 424-DEER (3337). Deer Valley Signature Stores also opened two locations for its summer operation at Silver Lake Village and Snow Park Lodge. The stores, along with its year-round 625 Main St location, loca-tion, set Utah Symphony tickets for j Deer Valley's outdoor concert series at any location. For phone orders or store ' hours, call (800) 833-2002. -'-; Deer Vafey Summer Adventure Day ? Camp wiS begin operation on Monday, ' June 17, and will continue through 1 Friday, Aug. 23. For pricing information i and reservations, can 649-1000, or ; (800) 424-DEER (3337). ; Seminar in works for .t employers .1 "Workplace Security - What Employers Should Know," a seminar ; sponsored by The Salt Lake v Employer Committee (SLEC) and Six ; Continents Hotels, is scheduled for ; Wednesday, June 19, 11:30 a.m.-1. 30 p.m., Little America Hotel, 500 South v Main St., Salt Lake City. J - The seminar will highlight a pre- j sentation by Jeffrey R. Rose, a work- place security consultant for the Utah ? Division of Risk Management i The cost is $25 per participant and -includes lunch. : The deadline for registration is ) Monday, June 17. To register, call Sylvia Farrand at (801) 468-0239. ; Participants should plan to arrive at 11 a.m. on the day of the seminar ; for registration. ' f) i Gandace Kuhn, CCIM ckuhncolliersccrg.com - 1 '" " - ' '" ;Thb G ateway Center ' 156 "Heber Avenue, Suite 106 P.O. Box 438004? ' fluuf CiTY, UT 84068 Iff ONEJ 43 5-61 5 -682 5 FAX: 435615-6823 ' -WW.COLUERBCCRa.COM ;' Mgcs Sloan, CCIM V ! 'sloancoIlier8ccrg.com - f ' - - 5 f' ' ' - k . IX j' , ' JaedEdg Despite Chapter 11 . the Quenemoen sisters plan to open retail store in RC. By JANA MCQUAY Of the Record staff The philosophy, "the journey is the destination," des-tination," is the driving force behind Margaret and Paula Quenemoen business. busi-ness. Jagged Edge Mountain Gear. The twin entrepreneurs are adventurers, adventur-ers, who are impassioned by a list of outdoor out-door sports, including ice climbing and telemark skiing. Yet, the most difficult journey they'll likely ever face is keeping their business afloat after Sept. 11. Garnering acknowledgement for their climb as business women in the outdoor-clothing outdoor-clothing industry, the duo was honored among Utah's "30 Women on the Move" at a Sait Lake luncheon on May 14. To their dismay, they had little time to savor their accolades. . . Just 10 days later, Jagged Edge filed for bankruptcy protection under Chapter 11. Despite the setback, Margaret said they will continue with their plans to open a permanent retail store on Main Street in Park City. Jagged Edge reported in its filing to the U.S. Bankruptcy Court about $721,000 in assets and $1.3 million in debts. Jordan Campbell, public relations director direc-tor for Jagged Edge, attributes the downturn down-turn to three factors. Last season's expansion of its catalog division hit the market at the same time Sept. 1 1 did. The subsequent anthrax scare thwarted its mail-order sales during what they had anticipated would be their biggest holiday season yet. "Unfortunately, the failure of the catalog cata-log division affects the whole business," Campbell said. The extreme highs and lows of the season's sea-son's events have created a dichotomy that has been unsettling for Margaret and Paula. But Margaret said they have no regrets about their decision to reorganize under Chapter 11. "Its been really rough," she said. "I can say that through the winter, we were working work-ing seven days-a-week and probably 12 hours-a-day trying to pull out of a tail spin." Margaret said they did everything they could to survive the failure of their catalog division. "I think our whole-team at Jagged Edge has arrived at a place where we are more comfortable with our situation emotionally," emotional-ly," Margaret said. "At this point, we're looking to the future." More than 10 years ago, Margaret, Jagged Edge's president, started the business busi-ness after she broke an ankle while climbing climb-ing in Colorado. Unemployed and basically basical-ly living in her car, she learned what entre-preneurism entre-preneurism was all about. Margaret began sewing fleece headbands, peddling them End-of-season sales down Snowboard equipment, snowdecksskates and insulated parkas show gains The final end-bf-season sales of winter-sports winter-sports products (August-March) for all stores (specialty and chain) were down 4.8 percent compared to the same period in 2001, according to the SnowSpbrts Industries America (SIA) Retail Audit. In dollars, that translates to $2.1 billion in sales compared to $2.2 billion last season. Specialty store numbers specifically were down 3.8 percent, which translates to $1.61 billion compared to $1.67 billion in 2001. "The mountains became a refuge from the density of the city and a place where people could reflect and find some spiritu For Lease The EaglewooA Building : , 2053 Sidewinder D TTiree oice areas in 9$ square Good parking e twins face tough climb ahea I L""I,'1"-JU -ifVjy .... , . - J- Hi - k h - 1- tL',. J'Lj PHOTO COURTESY OF JAGGED EDGE Margaret and Paula Quenemoen are twin sisters and partners of Jagged Edge Mountain Gear. This year has brought the duo honor and hardship. In May, Margaret and Paula were recognized at a luncheon as among Utah's "30 Women on the Move." Ten days later, Jagged Edge filed for bankruptcy protection under Chapter 11. Jagged Edge staff dedicated ded-icated relentless hours to rescue the business after Sept. 11 and the anthrax scare caused its catalog division to fail. on the streets in Telluride. It wasirt long before she added fleece vests to her inventory. inven-tory. In need of help, Margaret began writing letters to her sister Paula, currently Jagged Edge executive vice president, who was adventuring and studying the Mandarin language at a university in China. In 1993, Paula joined her sister as a partner part-ner in the business, which grew to include a broad inventory of outdoor clothing manufactured manu-factured domestically and overseas. The twins, who were born and reared in Salt Lake City, turned the operation into a full retail, wholesale, catalog and Web-site business. It has taken a decade of hard work building up Jagged Edge stores in high-profile high-profile resort towns in Colorado Telluride, Breckenridge and Crested Butte. A little more than a year ago, they relocated their Jagged Edge headquarters from Telluride to Moab and, during the Olympics, opened temporary shops in Salt Lake City and in Park City at The Treasure Mountain Inn. Filing for reorganization under Chapter 11 will embody the next segment of their journey. al and physical nourishment," said Jim Spring of Leisure Trends Group, the research firm that prepares the annual Retail Audit for SIA. "Even though it did-nt did-nt snow, people came. Interest in snow sports and, therefore, sales, held up a lot better than previous seasons when the snow never fell." The SIA Retail Audit tracks and reports sales in all snow sports-product categories. This is the final report for specialty spe-cialty stores that examines sales through March 31, 2002, the end of the winter season. sea-son. SIA is a non-profit industry trade group that represents manufacturers and distributors of snow-sports products. Chain-store information will be released separately. All equipment (alpine, snowboard and Nordic) in specialty stores rose slightly at Please see Winter Sports, B-11 itional . . me feet With renewed conviction and a change in game plan, Margaret and Paula arent giving up. Right now, they're busy restructuring restruc-turing the business and are going back to basics. "We'll probably be trying to build up our wholesale business that we had put on the sidelines," Margaret said. "We were more of a catalog business and a retailer, but now we're going to plug back into the wholesale market stronger." Licking their wounds, the duo isn't about to make the same mistake twice. "After the anthrax scare, it doesn't make any sense to build up the catalog division," Margaret said. "We feel that after what happened last season, we're not as comfortable putting as many eggs in the catalog basket." Part of the restructuring plan includes scaling back the catalog division. The Jagged Edge sisters wont, however, eliminate elimi-nate it altogether. They hope to drive some of their wholesale and catalog business through some big-chain stores. With emphasis on their retail operation, Margaret and Paula plan to open a permanent perma-nent Park City retail store. "We want a retail presence in high-visi Nightly Lodging Tally Projected Tally for the week of June 16-22, 2002 Total Visitor Nights: 38,015 SUN MON TUE Weekly High: 6,361 (Fri.) Daily Average: 5.431 Year To Date: 1,328,840 Nightly Lodging Tally Estimates Occupancy At 30 Computad by addmf the pro- m pctad numbar of wuton par iqght (or tfw waatt Actual num-bar num-bar of owamghc vnicon nay wry due to atminuta rmtrtt-OofW rmtrtt-OofW md wstkw. SOURCE: MRK CITY (CHAMBERBUREAU emmercia (mmercial Leal Ost w ? tate r w' t KTT1 L, f TJ.- " , Retail I -1 657 Part Avenue Old Town House zoned Historic Rcnidcntiul Oimmcrt ial. Asking price: $SS().(KKI Lower Mean Street Moll 1, 137 to 2,450 sq. ft., $25 p.s.f. triple net. Some build-nuts. Office ' 1881 Prospector Ave- H20 st. ft. at $20 psf full service 1821 Sidewinder Drive-WSZ sq. ft. office upstuirs m Nucho Mjma Kuilding 2029 Sidewinder Drixr-2 suites llOOsq. ft. each. $ln-IK psf net. The Gateway Center (.sm "A" office space. Ready for occupancy. Sizes ranj;c from 1,5(W to 3,374 s. ft. Cold Dust Plaza 1KH7 Gold Dust Lane. Office Suites Available. For sale or lease. W3 to 2,035 square feet. Lower Main Street Plaza Tenant improvements already completed. Approx. 1,300 sq. ft., priced at $22 p.s.f. triple net. Sun Peak Office Plaza- WK) to U,100 sq. ft. of Class 'A- Office Sracc, $19.25 p.s.f.WN Executive offices - 913 to 1927 sq ft. ONLY $10 to $15 psf I nil Service! 1795 Sidewinder Drive - 17r4 s ft offices, reception area, work room, and kitchen, The Galleria 580 Main StrecL Strong retail history. Kstahlishcd tenants - $2,2IO,000.O0. 614 Main Street Building Street level only. Approx. 50 ft. of frontage. Kxcellcnt Retail location. $925.(KKI. Com Port Plaza Rare in town commercialindustrial property. Two level building with 1,054 sq. ft. per floor. Space 'may he divided. Owner will consider lease with option to purchasc-$359,000 Heber City Industrial - 2 Units at 2,650 sq. ft- each. For tale or lease. bility locations." Campbell said. "In synch with all of our other Mam Street ski resort) locations." Margaret also said they had enjoyed the friendly atmosphere on Main Street in Park City during the Games. "We're just excited to go into Park City," Margaret said. "It was such a si live experience being there this winter. Customers were begging us to get a immanent imma-nent location." So serious are the twins about opening a retail store in Park City that they are pur suing the Main Street location where the Sunglass Hut was set up during the Games. "It's in the process now. and we plan to open during the first week in July," Margaret said. Going into the fall season. Campbell says the business will focus on smaller sized catalog runs and will showcase its four retail stores and its Web site, a valid division of the company. Knowing that the journey is the destina tion, Margaret and Paula arent about to let a few gnarly climbs terminate their ascent. "We have every intention of going forward," for-ward," Margaret said. "We're not going to let this be the end of us by any means." WED THU FRI SAT o o 7Z3 ' COP |