Decathlon Relaunches its Brands in the United States
The
company will start initially in California and spread to other states by
starting with online sales.
United
States: The
sports retail giant, Decathlon, which has its stores in over 30 countries across
the globe, had closed all its stores in the United States currently, to
relaunch its products through the online stores.
The
company's goals are to "strive daily to make sport a source of pleasure
for everyone". The product range of the company includes equipment for hiking,
snow sports, fishing, swimming, dance, golf, climbing, and even darts and horse
riding.
TechSci
Research depicts that relaunch of its products through online stores will
enable Decathlon to expand its customer base across the country. Moreover, the
demand for mountain bicycles in the country can be largely attributed to rising
focus on fitness and health consciousness among consumers. Increasing number of
cycling clubs and increasing participation by different corporates and
professionals has fueled demand for premium bicycles in urban areas of the
country. Also, with safety concerns associated with the sport, the demand for
protection equipment such as helmets, knee guards etc. has also increased. With
such increasing demand and advancements, the market of alternative sports
equipment market is expected to witness an increase in coming years.
According to a recent report
published by TechSci Research, “United States
Alternative Sports Equipment Market, By Type, Competition Forecast & Opportunities,
2012-2022”, the alternative sports equipment
market in the US is anticipated to grow to over $ 13 billion by 2022. Skating
equipment, such as skateboards, ice skates, roller skates, etc. held the major
share in alternative sports equipment market in 2016, and it is anticipated
that skating equipment would be the largest demand generator during the
forecast period as well. South region stood as the highest demand generator of
alternative sports equipment and held a major revenue share in 2016, followed
by West region of the country. Both the regions in the country have large
population bases that understand the importance of an outdoor sport, which is
the major reason as to why these regions are expected to dominate alternative
sports equipment market in the US over the course of next five years.