Consumer insights from the sporting goods industry – Page 7
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News briefsPádel takes the lead in Catalonia
The battle of racquet sports is hot in Catalonia, according to CMDsport. Back in 2019, for the first time, the ranks of the Catalonian Pádel Federation swelled past those of the Catalonian Tennis Federation. Tennis surged again thereafter but has since fallen behind again. For the past two years the ...
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News briefsNew figures from German Retail Association paint mixed view of 2023
Almost half of the retail trade in Germany expects sales to be at or just above last year’s level, about a third expects them to be slightly below it, and 18 percent expect a significant decline. These are the results of a recent survey of around 900 retail companies by ...
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News briefsPickleball’s U.S. overseer reports on 2022
USA Pickleball, the sport’s governing body in the U.S., has published its annual growth report for 2022. The body’s membership rose by 29.4 percent, from 53,110 to about 68,697. North American pickleball courts in its Places2Play database rose from 9,167 to 10,724; a growth rate of about 130 per month. ...
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News briefs2022 confirmed as a bleak year for U.K. businesses
The number of profit warnings issued by U.K.-listed companies in 2022 increased by 50 percent year-on-year, with record levels of these warnings citing rising costs, according to EY-Parthenon’s latest Profit Warnings report (member firm of Ernst & Young). In total, 305 profit warnings were issued in 2022, an increase ...
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News briefsItaly’s sporting goods industry is worth €13 billion
According to a recent study by Assosport, Italy’s sporting goods industry is worth €13 billion, a 15 percent increase from 2020. Growth has been driven by the resuming of activities after Covid-19, combined with the pandemic itself, which has, in fact, pushed many consumers to outdoor as well as at-home ...
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News briefsGolf equipment and apparel sales reached all-time highs during pandemic
Global golf equipment and apparel sales were at all-time highs during the pandemic, reaching $20 billion in annual sales in 2021, with $11.1 billion in golf equipment and $9.0 billion in golf apparel. Strong consumer demand for golf products continued in 2022. These are some key highlights from the “World ...
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ArticleSwedish sports retail down 7.5 percent in Q4, index now with racquet sports
The quarterly Sportindex by Svenskt Sportforum shows that Swedish sports retail sales decreased by 7.5 percent in the fourth quarter of 2022, making it the fourth consecutive quarter with negative development for sports retail. For the full year 2022, sports retail sales development landed at -5.8 percent. However, the drop ...
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ArticleInt'l Cricket Council tops social media ranking among sports federations
BCW Sports has released its “2022 International Sports Federations Social Media Ranking,” published annually since 2016.
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News briefsGfK sees more optimistic consumer sentiment in Germany, but at low level
The rollercoaster ride of news and emotions of recent years continues to shape Germans’ propensity to buy. However, in its consumer climate survey for January 2023, GfK observes German consumers starting 2023 with a little more optimism. Both economic and income expectations are continuing to recover and are rising noticeably. ...
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News briefsMarketmedia expects flat market development for the coming years
Marketmedia24 has launched its new “Branchen-Report Outdoor 2023,” which puts a spotlight on the market development in Germany from the pandemic years 2020 and 2021 to 2022, the latter a year overshadowed by war and inflation. Overall, Marketmedia24 sees 2022 as a year of slightly negative sales numbers (-1.4 percent) ...
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Article“Clouds are gathering on the horizon” – WFSGI and McKinsey release 2023 report
“Clouds are gathering on the horizon for the global sporting goods industry,” says the Sporting Goods 2023 report released on Jan. 23, 2023.
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ArticleStockX broke records in 2022, reveals most traded and fastest growing brands
In a new report, Detroit-based resale platform StockX details the top-traded and fastest-growing brands on its platform over the last year. StockX’s annual report – Big Facts: Current Culture Index 2023 – notes that the company surpassed 1.5 million lifetime sellers, 12 million lifetime buyers and 40 ...
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ArticleSports in Italy in 2050: A new study
A new report has been released outlining the key sports trends in Italy to 2050. The report, titled “2050: scenari sul futuro dello sport in Italia” (“2050: Scenarios on the future of sports in Italy”), was officially presented at the Italian Olympic Committee (CONI) in Rome on Jan. 13 by ...
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News briefsRacquet sports equipment market to grow 4.3% by 2031
The global racquet sports equipment market is projected to reach $272.4 million by 2031, growing at a compound annual growth rate (CAGR) of 4.3 percent from 2022 to 2031, according to a new report by Dublin-based Research and Markets. The growing demand will be driven by increased fitness consciousness among ...
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Infographics & DataForecasted HICP inflation in the Euro area
This chart shows the forecasted inflation rates for 2023 and 2024 in the Euro Zone from Eurosystem (the central banking system of the EU)
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ArticleThe rise of pickleball, and a shift in sports
The Association of Pickleball Professionals (APP) has released its Pickleball Participation Report on the status of its sport in the U.S. If the “nearly 2,500 nationally representative adults” (over the age of 18) are, in fact, representative, pickleball is getting big.
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ArticleGentle upswing for consumer sentiment in Germany
Consumer sentiment in Germany remains on the upswing at the beginning of the new year. The index is up for the third month in a row, according to the latest consumer barometer of the German Retail Association (HDE). In particular, the recently more optimistic economic outlook appears to be contributing ...
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ArticleAnalysis: Sporting Goods Industry stocks suffer double-digit market cap decline
This exclusive analysis shows the development in the market capitalization of the top 87 stock-listed sporting goods companies.
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News briefsEuropean industrial production is decreasing, but performs better than in 2021
Industrial production fell 2 percent in the euro area and 1.9 percent in the European Union (EU) in October 2022 compared with September 2022, according to estimates from Eurostat, the EU’s statistical office. Nevertheless, industrial production rose by 3.4 percent in the euro area and by 3.7 percent in the ...
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News briefsHigh energy costs massively change Germans’ buying habits
The German Retail Association (HDE) reports that the high price increases for energy in Germany have significantly changed the shopping behavior of consumers. For example, the latest HDE “Consumer Monitor Prices” for 2022/23 shows that eight out of ten consumers are affected by rising energy costs, and ...
