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    Sporting Goods Stores Industry Profile

    Report Page Length: 10-12
    Last Quarterly Update: 3/15/2021
    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 Bass Pro Shops, Big 5 Sporting Goods, Cabela's, DICK'S Sporting Goods, Hibbett Sports, and Recreational Equipment, Inc (REI) (all based in the US), as well as Decathlon and Groupe GO Sport (France), FGL Sports (Canada), and Sport Direct International (UK).

    The global retail market for sporting goods is expected to grow at a compound annual rate of 3.5%, according to Research and Markets. 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 $45 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 of the pandemic.

    Migration ...

     
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