Census Bureau: October Sporting Goods Sales Off 2.3%

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.

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Census Bureau: October Sporting Goods Sales Off 2.3%…

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.


 

About The Author

Thomas J. Ryan

Thomas J. Ryan Senior Business Editor | SGB Media tryan@sgbonline.com | 917.375.4699

Census Bureau: October Sporting Goods Sales Off 2.3%

The Monthly Retail Trade Survey, prepared by the U.S. Census Bureau, reported sales in sporting goods stores of $2.60 billion (preliminary) for the most recent reporting month (October), a 2.3% decline from $2.66 billion in October 2007, according to the NSGA. The trade organization noted that this is the first time sales have fallen since September of 2007 and follows a 0.4% increase in September. It is also the biggest decline since June of 2002, when sales fell 3.3%.


 


Sales growth year-to-date in 2008 is less than half that of the first 10 months of last year.  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 were up 8.9% over the previous year.


 


Sales for 2007 grew more slowly than in 2006.  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. Sporting goods store sales for all of 2003 were $27.17 billion, a 3.1% increase versus 2002 when sales were up a meager 0.2%.


 


A full comparative chart of sales in sporting goods stores is available at the members-only “Research & Statistics” area of the NSGA website (www.nsga.org).

About The Author

Thomas J. Ryan

Thomas J. Ryan Senior Business Editor | SGB Media tryan@sgbonline.com | 917.375.4699

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