With modern technology making new and better developments every day, you have to look at an industry from two different aspects, retail sales and online sales, so you can get a better picture of the industry as a whole.
The first factor we should look at is the annual growth for both sides. The retail sales have grown an astounding 8.8% and the online sales of athletic apparel have grown 22.6% in 2015. Revenue has been strong on both sides with retail bringing in 2 billion dollars and the online front bringing in a hefty 71 million dollars. These numbers are only expected to rise with people becoming more and more technologically savvy and athletic apparel trending widely in Australia.
Retail is set to rise at a steady 5.0% a year and the online department is set to rise another 14.6%. The convenience of online shopping has clearly started to show as more people turn to online shopping. This has produced more jobs. Namely, the online athletic apparel industry alone has provided up to 6,792 jobs so far and with the rapid rate that this industry is growing these numbers are only expected to rise with the most popular cities for sports equipment Melbourne and Sydney and other cities catching up slowly.
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