1. What is lane craft Net Worth?
Lane Craft is an American entrepreneur and investor with a net worth of $150 million. He is the founder and CEO of Zumiez, a leading retailer of action sports apparel, footwear and related accessories. Lane Craft has been in business since 1978 and has grown his company to become one of the most successful retailers in the industry. In 2019, Forbes estimated his net worth at $150 million.
Lane Craft began his career as a stockbroker after graduating from college in 1976. After two years at the firm, he decided to pursue his dream of opening up his own retail store specializing in skateboarding and snowboarding gear. He opened up his first store in Seattle, Washington in 1978 and called it Zumiez. The company quickly gained traction due to its unique selection of products and its focus on customer service.
In the early years, Lane Craft was solely focused on retailing products related to skateboarding and snowboarding but later expanded into other sports such as BMX biking and surfing. As the company grew, he began franchising stores which allowed him to expand even further across the United States and eventually into Canada as well.
Today, Zumiez has over 600 stores located in malls across North America with annual sales topping $1 billion dollars a year. The company also has an online presence where customers can purchase items from their website or mobile app. Lane Craft’s success has been attributed to his ability to recognize trends early on as well as his commitment to customer service excellence.
2. Lane Craft Early Life
Lane Craft was born on June 4, 1954 in Seattle, Washington. He attended the University of Washington where he earned his Bachelor’s degree in Business Administration. After college, he worked as a stockbroker for two years before deciding to open his own retail store specializing in skateboarding and snowboarding gear.
Growing up, Lane was always interested in sports but had a particular affinity for skateboarding and snowboarding which eventually led him down the path of creating Zumiez when he was just 24 years old. His parents were supportive of his decision but were concerned about how successful it would be given that there wasn’t much demand for these types of products at that time period.
Despite their reservations, Lane followed through with opening up Zumiez which turned out to be one of the best decisions he ever made!
3 Lane Craft Career
Throughout the years, Lane continued expanding Zumiez by adding new stores across North America while also introducing new product lines such as BMX biking accessories and surfwear apparel. His commitment to providing excellent customer service helped propel the company forward which allowed them to become one of the most recognizable brands within their industry today!
In addition to running Zumiez, Lane also serves on several boards including The Bill & Melinda Gates Foundation as well as The Nature Conservancy Board Of Directors where he helps provide guidance on important initiatives related to conservation efforts around the world!
With an estimated net worth of $150 million dollars according to Forbes Magazine 2019 list of wealthiest people in America; it’s safe to say that Lane Craft is one very successful businessman! His commitment to customer service excellence combined with his ability recognize trends early on have helped make him one of the most successful entrepreneurs within action sports industry today!