Sporting Goods Retailers Had 9.3% Decline in Floor Space in 2016
The physical presence of the sporting goods industry declined 9.3% in 2016 among major chains to 164,260,000 sq. ft. from 181,170,000 sq. ft. at the end of 2015, caused by the various bankruptcies and planned reductions by solvent retailers reacting to the evolving retail landscape. Looking ahead to 2017, floor space is set to expand slightly, even as net new doors remains negative. Much of this retail contraction has been offset by the growth in digital commerce, of course, but that has mainly benefitted the largest retailers with the resources to construct an omni-channel business as well the major brands ... Log in to view full article.