Yeti Is Now Coming Out With Their Own Line Of Luggage | K102 iheart.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iheart.com Daily Mail and Mail on Sunday newspapers.
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Luggage sales have been decimated by the pandemic, but brands are optimistic that will change soon.
Yeti recently launched its own line of bags to take on Samsonite and Away.
Confidence in travel is on the rise, and there is plenty of room in the category for competitors.
As the vaccine rollout continues across the globe, travel industry experts are optimistic that demand will be roaring back soon.
And, as they get ready to step out on what may be their first trips in a year or more, consumers will likely be looking to stock up on new gear, spelling opportunity for brands specializing in luggage.
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Operator
Greetings and welcome to the YETI Holdings 4th Quarter 2020 earnings conference call. [Operator Instructions] As a reminder, this conference is being recorded.
I would now like to turn the conference over to your host, Tom Shaw, Vice President of Investor Relations.
Tom Shaw
Vice President, Investor Relations
Good morning everyone and thanks for joining us to discuss YETI Holdings 4th Quarter and Full Year 2020 results. Before we begin, we would like to remind you that some of the statements that we make today on this call, including those statements related to the impact of the COVID-19 pandemic on our business may be considered forward-looking and such forward-looking statements are subject to various risks and uncertainties that could cause our actual results to differ materially from these statements. For more information, please refer to the risk factors detailed in our most recently filed Form 10-Q and the Form 8-K filed with the SEC today, along with the Ass