Sporting Goods Sales Grew 4.3% in 2022
After a 15.8% jump in 2021, rebounding from the pandemic year, total sales of sports equipment, apparel, licensed merchandise and footwear grew a more modest 4.3% last year to $116,549 million according the SFIA’s 2023 Manufacturers’ Sales by Category report. While sales of most categories slowed from 2021’s growth pace, very few actually declined, lending weight to the conclusion that demand has effectively rebased at a higher level. The change in sporting goods sales from 2019 was 21.5%. The SFIA’s findings were based on wholesale dollar sales estimates from a panel ... Log in to view full article.