Sporting Goods Stores Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 10/19/2020
SIC Codes: 5941
NAICS Codes: 45111
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
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Excerpt from Sporting Goods Stores Industry Profile

Companies in this industry operate physical retail stores specializing in sporting goods, athletic and fitness wear, fitness equipment, and related products. Major companies include Cabela's and its parent company Bass Pro Shops, Big 5 Sporting Goods, DICK’S Sporting Goods, Hibbett Sports, and REI (all based in the US), as well as FGL Sports8 (Canada), Decathlon9 and Groupe GO Sport10 (France), and Sports Direct International11 (UK).

The global retail market for sporting goods is expected to grow at a compound annual rate of 3.4% from 2015 to 2020, according to Lucintel. The US and Europe traditionally have been leading markets for sporting goods. Developing regions such as Asia/Pacific, Central and Eastern Europe, the Middle East, and Latin America are expected to see more rapid growth.

The US retail sporting goods industry includes about 21,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $42 billion.

COMPETITIVE LANDSCAPE

Sporting goods retail has faced significant disruption in recent years. Many chains including City Sports, Sports Authority, Sports Chalet, MC Sports, and most recently family-owned Modell's Sporting Goods have gone out of business. While the full extent of the damage to the industry from the economic shutdown due to COVID-19 remains to be seen, demand for sporting goods plummeted as retailers closed up shop. Small- and medium-sized operators, especially those without a significant online presence, are especially vulnerable to the economic effects ...

 
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