Bad Year for European Sports Retail Sector
BRUSSELS, Belgium – According to the European data bureau Eurostat, revenues of European retailers dropped close to 2% in 2012 compared to 2011. The sports sector showed a much harder drop which is estimated at about 6%.
Retailers in the 17 euro countries sold value wise 1.7% less in 2012 compared to 2011. For the 27 EU member states the turnover drop stood at 0.6%.
Last December the drop was more significant compared to December 2011 and stood at 3.4%. Countries like Spain and Portugal showed bigger drops in consumer spending last December; in Spain retalers sold 12% less while Portugal showed a 9% drop.
Sporting goods sector
The sporting goods sector in Europe took some hard blows in 2012. At the start of the ISPO sporting goods show that took place in Munich, Germany from February 3 to 6, FEDAS, the European Retailers’ Federation for the sporting goods sector, reported that the southern European sector suffered last year.
Sporting goods retailers in Spain and Portugal took a hard blow while Germany achieved a healthy sales gain. For the whole of the 27 member states European Union FEDAS estimates that the sporting goods market dropped by about 6% to €38.2 bn.