Sporting Goods Stores

Sporting Goods Stores

Brief Excerpt from Industry Overview Chapter:

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 Canadian Tire (Canada), Decathlon and Groupe GO Sport (both in France), and Sport Direct International (UK).

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.

PRODUCTS, OPERATIONS & TECHNOLOGY

Sports equipment accounts for 70% of industry revenue; clothing, 20%; and footwear, 10%. Major equipment categories include team sports, exercise, hunting and firearms, golf, fishing, and camping.