Things have been looking up for the fitness, athletic clothing, and sports equipment industry and it doesn’t seem to be slowing down anytime soon. In 2015 alone the annual growth of this market has been an astounding 8.8% and raking in a massive 2 billion dollars in revenue. This is believed to be because of all the healthy lifestyle trends that have been happening the last couple of years. Not to mention the online sporting apparel industry as well which had an annual growth of 22.6% and also raked in a hefty revenue of 71 million dollars.
People over the last 5 years have become increasingly tech savvy and have become more and more comfortable with shopping for sports equipment online which proved to be incredibly profitable for the athletic apparel industry. These numbers are only expected to rise in the retail store department; the annual rate is expected to rise another 5.0% annually and in the online sales department it is set to rise another 14.6% annually. The online community is only set to rise with more people turning to the convenience of online shopping. The number of businesses, however, is still small at 76 businesses accounted for, hence, if you are an investor now would be the time to strike. Although the number of athletic apparel retail stores is low, there have been a huge 6,792 jobs available. The recent trends in this industry have officially paid off and the numbers are only set to go higher.
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