The Monthly Retail Trade Survey reported sales in sporting goods stores of $2.60 billion (preliminary) for October 2008, a 2.3% decline from $2.66 billion in October 2007, said the NSGA. The trade organization noted that this is the first time sales have fallen since September of 2007 and is the biggest decline since June of 2002, when sales fell 3.3%.
Sales for the first 10 months of 2008 were $30.47 billion, up 3.7% from the first 10 months of 2007. At this time in 2007, sales had increased 8.9% over the previous year.
Sales for the 12 months of 2007 reached $37.1 billion, up 8.1% from 2006 sales of $34.3 billion. Sales in 2006 were up 11.0% over the previous year. The 2006 growth represented the strongest increase in the past 10 years.
Total sales for calendar year 2005 were $30.89 billion, up 7.0% from 2004. In 2004 sales were $28.85 billion, up 6.2% versus 2003.