The outlook for the US performance apparel market looks encouraging, according to a new report by Textiles Intelligence. Following a modest decline in 2009, sales recovered sharply in the early months of 2010.
The report, called "Fast track: US retail sales in six performance apparel sectors", cites data provided by Leisure Trends Group covering six sports sectors -- namely athletic apparel, outdoor, paddle sports, running, scuba diving, and snow sports.
Retail sales of sports products as a whole held up fairly well during 2009, given that the US economy was in recession for the first half of the year.
According to the data, total US retail sales in the six sports sectors declined by just 1% in value terms to US$11.4 mn in 2009. The decline reflected sales falls in four out of the seven sectors -- namely athletic apparel, outdoor, paddle sports.
Sales of apparel alone in 2009 fared somewhat worse, having fallen by 3%. As a result, the share of apparel fell by one percentage point to 47%.
During the first four months of 2010, however, there was a significant turnaround as total retail sales increased sharply in four of the six sectors.
The only sector to suffer a decline in the first four months of 2010 was scuba diving, where sales were down by 2%.
"Fast track: US retail sales in six performance apparel sectors" was published by the global information company Textiles Intelligence in issue No 33 of Performance Apparel Markets.
Other reports published in the same issue include: "Product developments and innovations"; "Snow sports apparel: reaching new heights of comfort and protection"; "Profile of Helly Hansen: a pioneer in performance outerwear" and "Business update", comprising six sections: corporate social responsibility (CSR); financial results; investments; joint ventures, cooperation, licensing and distribution agreements; markets; mergers and acquisitions; and new stores.
Performance Apparel Markets is a quarterly publication from Textiles Intelligence. Each issue provides an independent and worldwide perspective on the global performance apparel industry.
Issue 33 of Performance Apparel Markets costs £234/ Euro407 (Europe, Middle East or Africa) or US$516 (Americas or Asia Pacific). An electronic supplement is available. For more information, please contact Belinda Carp at Textiles Intelligence, Alderley House, Wilmslow, SK9 1AT, UK.
Tel: +44 (0)1625 536136; Fax: +44 (0)1625 536137; Email: info@textilesintelligence.com
For press copies and editorial enquiries, please contact Robin Anson at Textiles Intelligence. Tel: +44 (0)1625 536136; Fax: +44 (0)1625 536137; Email: editorial@textilesintelligence.com