Sporting Goods: New Investment in Panama

The clothing and sporting goods brand Rebook opened in the Multiplaza Pacific shopping center a store focused on the female market.

Thursday, October 3, 2019

Lauriane Pedri, Reebok Brand Manager, told Elcapitalfinanciero.com that "... Panama was chosen as the pilot country to have the first Reebok Women Store in the world, because we bet that it will be the best showcase for the region for its excellent geographical location, for being the hub of the Americas and for the presence of the Adidas Group headquarters in Latin America."

You may be interested in "Sports Footwear: Business Figures in 2018"

In the country, the business of selling sports equipment has positive prospects, as it estimates that in the country about 400 thousand people regularly attend fitness centers, a trend that could go up in the coming years, so that some chains project investments for 2020 and 2021.

See "Fitness and Wellness: Interests and Preferences"

According to reports from CentralAmericaData, during 2018 the main buyer of sports footwear in the region was Guatemala, with $20 million, followed by Panama, with $11 million, El Salvador and Costa Rica, with $9 million each, Honduras, with $8 million, and Nicaragua, with $1.3 million.

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More on this topic

Sporting Goods: New Investment in Costa Rica

May 2019

In Multiplaza Escazú the first store dedicated to the commercialization of sports articles of the Everlast brand was inaugurated, and the company foresees the opening of two more points of sale.

The company disbursed about $150,000 for the opening of the new store specializing in the marketing of items for activities such as cycling, athletics, yoga, swimming, boxing and others.

Sporting Goods: Growing Business in Central America

May 2018

In 2017, countries in the region imported $87 million worth of sporting goods, 8% more than in 2016, reaffirming the upward trend registered since 2013.

Figures from the information system on the Market for Articles and Material for Physical and Sports Culture in Central America, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with graph"]

Sporting Goods Tender

March 2018

The Ministry of Sports in the Dominican Republic is putting out to tender a supply of various sports equipment for the 2018 National Games.

Purchase from the Government of the Dominican Republic MIDEREC-CCC-LPN-2018-0002:

"Requirements are for equipment for chess, athletics, badminton, basketball, handball, baseball, boxing, cycling and other sports.

Costa Rica: Sports Shoes Imports Up 62%

May 2013

Footwear imports increased by 62.3% during 2012, reaching $21 million in revenue.

"Stores like Penny Lane, Brooks and Newton confirmed an increase in sales of this type of shoe and this upturn in business is motivating them to open up new premises", reported Elfinancierocr.com.

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Cicadex S.A

Organization that operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, Panama and Central America.
Phone: (506) 2240 3600

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