FEBRUARY 15, 1999 - VOL 16, NO 7

INDUSTRY SALES ROSE JUST 1 PER CENTIN 1998.

Felled by an estimated 8.7 per cent drop in thewholesale value of the athletic footwear market, the sportinggoods industry inched up to just $45,620 million in 1998. Thoughhighly promotional, the sports apparel segment was the lead salesgainer with a 5.0 per cent increase while sports equipment, hurtby a slowdown in golf and a further contraction in in-lineskates, rose just 1.7 per cent.

These are the findings of the SGMA inthe annual state of the industry speech delivered at the luncheonof yesterday’s Financial Day program, moderated by SportingGoods ... Log in to view full article.