Retail Expansion Returns in 2021, Despite Many Closures
A year ago the industry was still largely unsure of when, or even whether, sporting goods retail would bounce back after the beginning of the Covid-19 pandemic closed many stores and disrupted consumer habits and priorities. At the time, we projected that square footage of major sporting goods retailers would contract by at least 1.5% for the year, but the final tally was a much smaller decline of 0.6%. The future looks considerably brighter a year later, after a boom in hardgoods sales and the beginnings of a recovery in team and softgoods. For 2021, we see the retailers on ... Log in to view full article.