Industry Analysis & Industry Trends
Over the next five years, as total recreation expenditure expands, demand at hiking and outdoor equipment is anticipated to grow. Nonetheless, external competition will remain a challenge as hiking and outdoor equipment becomes increasingly pervasive in other stores, a trend of the past five years. During that time, major companies like REI and Pategonia responded to rising competition by capitalizing on staff expertise and in-house manufacturing capabilities to attract consumers. For example, these companies focus more on in-store events like classes, book signings and movie screenings to bring consumers in to explore their products.... purchase to read more
Industry Report - Industry Locations Chapter
As with most retail industries, the location of establishments in this industry relates to the region's population and consumer demand levels. This, in turn, affects the employment levels and wage costs of each region. In theory, the greater the number of residents, the stronger the demand for industry products and the need to operate stores in those regions.
The Hiking and Outdoor Equipment Stores industry is concentrated in the Southeast and West regions, which account for 23.5% and 17.6% of industry establishments, respectively. These are also the regions with the highest populations.
The New England and Plains regions account for the smallest shares of industry establishments... purchase to read more