SIC 5941 Sporting Goods Stores and Bicycle Shops

Encyclopedia of American Industries | 2005 | Copyright

SIC 5941
SPORTING GOODS STORES AND BICYCLE SHOPS

This category consists of establishments primarily engaged in the retail sale of sporting goods, sporting equipment, and bicycles, bicycle parts, and accessories. Retail establishments primarily engaged in selling motorized bicycles are classified in SIC 5571: Motorcycle Dealers. Those engaged in the retail sale of athletic footwear are classified in SIC 5661: Shoe Stores. Establishments primarily engaged in repairing bicycles are classified in SIC 7699: Repair Shops and Related Services, Not Elsewhere Classified, while those renting bicycles are classified in SIC 7999: Amusement and Recreation Services, Not Elsewhere Classified.

For information on the industry that produces durable goods for athletic competition, exercise, and recreation, see SIC 3949: Sporting Goods Equipment.

NAICS Code(s)

451110 (Sporting Goods Stores)

Industry Snapshot

One of the most striking features characterizing the industry in the late 1990s and early 2000s was the consumer shift from smaller, local sporting goods stores to so-called "big-box" retailers, or sporting-goods superstores bringing together an exceptionally wide product line under one roof. Combined with the explosive growth in e-commerce sales of sporting and recreational goods, this development gave the industry a complete facelift.

The U.S. Census Bureau reported sales in this industry of $27.99 billion in 2002, continuing a trend of modest growth since the mid-1990s. There were approximately 57,100 retail sporting-goods and bicycle shops in the United States, with the vast majority of them employing fewer than 10 people. The industry as a whole employed some 270,400 workers in 2002.

Organization and Structure

The types of firms listed in this classification include department and discount stores, franchise chains, specialty shops (bicycles and athletic equipment), mail-order businesses, and e-commerce businesses.

Bicycles are sold in department stores, specialty bike shops, and discount, variety, and hardware stores. The typical American bicycle shop served a customer base of approximately 9,000 persons....

Read all of SIC 5941 Sporting Goods Stores and Bicycle Shops at HighBeam Business

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