Revenue of U.S. sporting goods retailers - additional information
The sports market is a growing industry in the U.S. with sales for sporting goods topping 46 billion U.S. dollars in 2015, up from just over 30 billion U.S. dollars in 2005. Of these sales in 2015, around a third came from athletic apparel and over 23 percent were generated from sporting goods equipment. In 2014, almost a quarter of the purchases of these goods were made in sporting goods stores in comparison to 15 percent which were made online.
Walmart has been the leading retailer of sporting goods and apparel in the U.S. since 2012. Its revenue of 9.8 billion U.S. dollars in 2015 was a third more than its closest competitor, Dick’s Sporting Goods. Yet the revenue generated by Walmart’s sporting goods segment in the U.S. represents only a fraction of its global net sales, which topped 482 billion U.S. dollars in 2015. The chain remains a dominant force in the U.S. retail market with a market share of over 11 percent in 2012 and 2013.
Dick’s Sporting Goods was founded in 1948 by Richard “Dick” Stack at the age of 18 and has since grown into one of the largest sporting goods retailers in the United, with over 676 stores across the country in 2016. Almost half of the sales in the stores are for hardlines, which includes items such as sporting goods and fitness equipment, hunting and fishing gear, as well as golf equipment. In 2016, hardlines accounted for over 3.5 billion U.S. dollars in net sales for Dick’s Sporting Goods. The chain had net sales of almost 8 billion U.S. dollars in 2016, making it the second largest retailer of sporting goods in the U.S.