- The Organization of Economic Co-Operation and Development projects a rise in the global middle class from approximately 25 percent in 2014 to over 40 percent by 2020.
- Despite the recent global recession, the top 20 sportswear brands have posted an average CAGR of 10 percent for the past ten years.
- U.S. Census data shows that participation in sports grows with increases in income, thus driving a higher demand for sport apparel.
- Regional revenue growth for top brands have out paced regional GDP growth.
- Eurostat and U.S. Consumer Expenditure data show that consumption of footwear and apparel increase across income quartiles.
- Due to large U.S. market fragmentation, top brands will benefit from sporting good chains having less leverage to demand price concessions.
- A positive outlook on the apparel supply chain due to flexibility and strong gross margins.
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Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.