Fast track - tracking the sportswear industry in the UK
Released on = June 1, 2007, 10:45 pm
Press Release Author = Bharat Book Bureau
Industry = Marketing
Press Release Summary = The sportswear market is one of the most price-competitive markets in the UK.
Usage levels are high. Items of sportswear are purchased by almost 90% of people under 35 years of age, and by 76% of the population as a whole.
Press Release Body = Fast track: tracking the sportswear industry in the UK
The sportswear market is one of the most price-competitive markets in the UK.
Usage levels are high. Items of sportswear are purchased by almost 90% of people under 35 years of age, and by 76% of the population as a whole.
The UK sportswear market was estimated to have a value of £3.65 bn (US$6.72 bn) in 2006 (Table 1). This comprised £2.31 bn worth of sports clothing and £1.34 bn worth of sports footwear-slightly lower than the values recorded for 2005.
The UK-based market research company Mintel forecasts that the value of the sportswear market will remain static in 2007 and 2008 before rising gradually to £3.96 bn in 2011-in the lead up to the 2012 London Olympics.
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