SOURCE: MarketResearch.com

MarketResearch.com

June 28, 2011 08:08 ET

UK Sports Goods Market to Reach GBP 8.5 Billion in 2011

ROCKVILLE, MD--(Marketwire - Jun 28, 2011) - MarketResearch.com has announced the addition of the new report, "UK Sports Retailing 2011," to their collection of Consumer Goods & Retailing market reports. For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=6424800

Having seen a 2.4% drop in sales in 2009, the sports goods market recovered in 2010 and will be worth £8.5bn in 2011, a 2.7% rise in sales. This report examines how retailers are capitalising on this trend, providing sector sizes and forecasts, retailer shares, analysis of key players and an overview of the main market issues, to give you a full understanding of the sector.

The UK sportswear (clothing & footwear) market is set to grow by 3.2% in 2011. The market is receiving a boost from the expansion of non-sports specialist stores. The likes of Debenhams and Next have developed sportswear ranges, dedicating specific areas to their offers.

In March 2011, JJB Sports signed its second CVA, permitting it to close 89 stores over the next two years. As a result of this, there are significant opportunities for other retailers to pick up market share. We estimate that in 2011 there will be £32.5m worth of sales for other retailers to take advantage of, with a further £52.3m in 2012.

The Olympics is set to give the sports market a considerable boost in 2012. Consumers will want to buy items similar to those worn by athletes and are likely to be inspired by new sports having watched the Games, causing sales of equipment to rise.

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