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Article Date: October 2020
Word Count: 1410

Global Retail Chains’ Revenues Expanded by 7% in 2019


Double-digit gains in Europe and Asia powered global sporting goods retail sales that grew 7% last year in local currencies and 4% in dollars to $106,214 million from $101,885 million, improving slightly on the 5% expansion in 2018. Two key trends driving 2019’s success for some retailers, and weakness in others, were acquisitions and omnichannel. With a few exceptions, the best results were turned in by retailers that were well-positioned to take advantage of the accelerating global adoption of e-commerce by a greater share of consumers. Of course, we must point out that 2019 marks the apex of a decade-long ... Log in to view full article.

 


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