PRA chief: Sports goods sale to rise 20-25%

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The story "PRA chief: Sports goods sale to rise 20-25%" was covered 11 hours ago by Business Mirror, a news publisher based in Philippines.

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PRA chief: Sports goods sale to rise 20-25% - Business Mirror

Quick Summary:

THE sales of sports goods in the Philippines is seen to grow by 20 to 25 percent in 2024, likely fueled by the entry of new sports such as pickleball as well as the Paris Olympics, which is generating "strong” following among spectators in sports, according to Philippine Retailers Association (PRA) President Roberto S.Claudio Sr.

The chairman of leading multi-brand sports retailers in the Philippines Quorum International Inc.(Toby’s Sports), said lifestyle shoes, sneakers and performance have “exploded” in growth in the past five years.

The trade body said this led to a period of “accelerated” growth in global imports of sports products from the mid-2000s to the mid-2010s.