3 Sportswear Stocks to Try On

The global activewear market is projected to grow from US$362 billion in 2020 to US$544 billion in 2026, expanding at a 7% annual clip

Vikram Barhat 11 August, 2021 | 1:09AM
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Race

The Olympics are the biggest and brightest display of the world’s most gifted athletes and sportspeople. The once-in-four-year sporting jamboree also serves as a giant display for sporting brands. From players’ uniforms to footwear and sporting equipment, brand logos could be seen everywhere in and around sporting arenas, and on TV screens, at the recently concluded sporting carnival in Tokyo.

The ripple effect of such large-scale sporting could provide further impetus to the fitness megatrend emerging from the COVID-19 pandemic.Companies offering athletic apparel and footwear brands are direct beneficiaries of this momentum as more people take up sports and other fitness activities as part of their lifestyle. Resultantly, the global activewear market is projected to grow from US$362 billion in 2020 to US$544 billion in 2026, expanding at a 7% annual clip.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
adidas AG ADR164.84 USD-3.09Rating
Nike Inc Class B149.59 USD-6.26Rating
Under Armour Inc A21.50 USD0.33Rating

About Author

Vikram Barhat

Vikram Barhat  Vikram Barhat is a Toronto-based financial writer specializing in investing, stock markets, personal finance and other areas of the financial services industry. He also writes for CNBC, BBC, The Globe and Mail, and Toronto Star.

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