Consumer insights from the sporting goods industry – Page 12
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News briefs
German retail supply bottlenecks worsen in February
According to a survey by the research institute Ifo, supply problems in German retail have worsened again in February. In February, 76.3 percent of overall retailers said they did not receive all the goods they ordered. A month earlier, the figure was 57.1 percent. Among retailers selling clothing, 52.6 percent ...
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News briefsGermans invest in home fitness
A representative study by the German Industry Association for Fitness and Health (DFIG) has found that home fitness continues to be a growth market in Germany. The Covid-19 pandemic has boosted the market, and this trend continues. The survey shows that: 50 percent of households in Germany purchased fitness ...
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News briefsSpain’s sporting goods production continues to grow
The production of sporting goods in Spain recorded a 70 percent increase in December 2021 as compared to the same month of 2020, based on provisional data from the Spanish Statistical Office (INE). The performance also marks the fourth consecutive month of growth in the sector’s industrial production index (IPI). ...
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News briefsMeta partners with NFL for social-media avatars
Meta, the owner of Facebook, has introduced a number of aesthetic options for 3D avatars on Facebook, Messenger, Instagram Stories and direct messages (DMs) for users in North America and elsewhere. From now to Feb. 28, for instance, they can dress their avatar in the colors of the Cincinnati Bengals ...
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Article
Inflationary pressures are mounting across the board
Sports brands have already started to charge slightly higher prices on selected products, privileging limited editions and premium or novel product releases. The price increases have been a logical response to a situation where the available demand is outstripping the demand, especially because of high Covid vaccination rates, coupled with ...
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Article
Italy’s growing sporting goods industry is becoming more sustainable
The Italian sporting goods industry raised its aggregate revenues by an estimated 8.4 percent to €12.2 billion in 2021, according to a survey conducted by its trade association, Assosport, among its 120 members, which market some 300 brands and employ 9,300 people, representing almost one third of the industry’s total ...
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ArticleStrong year-end spurt in Sweden
The past year ended with a bang for Swedish sports retailers. Their total retail sales rose by 20.7 percent year-on-year during the important fourth quarter, according to the quarterly Sportindex produced by the Swedish Sports Forum in collaboration with HUI Research, which is based on a sample of major players ...
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News briefs
Laurent Vanat calls for sponsors for his annual Snow Report
Laurent Vanat’s annual international report on snow and mountain tourism tends to come out every year in April, providing many details, especially on sports participation and the development of new ski facilities in many countries around the world. The latest edition of the report, which covered the 2019/20 season, showed ...
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Article
Snowy winter supports sporting goods sales in Russia
In some Russian regions, consumer activity in the sporting goods market has nearly doubled thanks to snowy winter conditions during the current winter season. It has been particularly strong over the online channel. Ilya Titarenko, director of the distribution department of Sportmaster, the country’s leading sporting goods retailer, confirmed that ...
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ArticleWinter Olympics may revive a languishing ski market in China
The emerging Chinese alpine skj market currently represents only about 3 percent of the global market, about twice the level of 2015, when we issued a big market research report on the broad Chinese sporting goods market in collaboration with ISPO. It has been languishing lately, but there is strong ...
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ArticleMcKinsey sees continued growth and polarization in the industry
The gap between the winners and the losers in the sports apparel and footwear sector has increased and will continue to increase, according to McKinsey & Company, based on a survey conducted for the World Federation of the Sporting Goods Industry (WFSGI) which highlighted some key trends. The findings will ...
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News briefs
European app logs post-pandemic surge in walking
In 2021, with the easing of pandemic restrictions, Europeans emerged from their houses to walk – or so says WeWard, which has been producing and operating a walking app since 2019. The company’s study of data collected for 2020 and 2021 – as generated by some 4.5 million app users ...
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ArticleVenture capitalist bullish on the metaverse, VR, data and women’s sports
The venture capitalist Meredith McPherron has written a guest column for Sportico in which she predicts a rise in the technological side of the sports industry – especially in electronic media, but also in data as a resource and in women’s sports. McPherron is the CEO and managing partner of ...
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Article
StockX reviews the collectibles market in 2021
The collectibles-trading platform StockX has released an annual report, titled Big Facts: Current Culture Index: 2022, that breaks down its key markets – notably sneakers, but also electronics, toys and apparel – for the elapsed year 2021. Jordan remained the best-selling sneaker brand, with items trading at an average premium ...
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ArticleSports retailers confirm 2021 recovery
As previously reported, the sporting goods market fell by an estimated 5 percent in Europe in 2020, due to the pandemic, with only 16 out of 64 leading retailers in 15 European countries reporting flat or higher figures. The year 2021 was much better, with many retailers enjoying double-digit growth ...
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AnalysisAnalysis: The industry’s market cap rose by 9.5% in 2021
This exclusive chart shows the development in the market capitalization of the top 88 stock-listed sporting goods companies between the end of 2020 and the end of 2021. This is exclusive data and analysis for Professional Members.
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ArticleNPD sees 12% growth in Europe from January to September 2021
The consumption of sports shoes and apparel went up by 12 percent overall in the five major European markets during the first nine months of 2021, according to the authoritative European consumer panel of the NPD Group. Purchases of these products grew at a double-digit rate year-on-year in each of ...
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News briefs
Omni-channel retailing dominates for sporting goods in Switzerland
Swiss consumers are shopping more than before online, but they still prefer to buy most kinds of products in the physical stores, according to a study commissioned by the Swiss Retail Federation to Oliver Wyman, which conducted its survey in November. The overall share of purchases made in brick-and-mortar stores ...
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News briefs
Social commerce will be a $1,200 bn business by 2025
Sporting goods brands should take a harder look at the benefits of social commerce, judging from a new report issued by Accenture. It says that shopping through social media platforms is expected to grow three times as fast as traditional e-commerce. Boosted by the Covid pandemic, it should rise from ...
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News briefs
Stats firm projects 6.3% CAGR for the global swimwear market
Researchandmarkets.com is projecting compound annual growth of 6.3 percent for the swimwear market over the next 15 years, from 2021 to 2026. The market research agency’s new report, published this month, ascribes the growth in part to a reaction to the measures put in place to combat the pandemic, such ...
