Racquet sales rise despite economy
Date published :
10 May 2012 - 21:16:53
Despite continued struggles in the American economy, tennis players found the money to boost racquet sales in the first three months of the year, the Tennis Industry Association (TIA) said Thursday.
A TIA audit of sales at pro shops and specialty stories showed racquet sales were 15 percent higher in March than in the same month last year and dollars spent on equipment were 12 percent above figures from March of 2011.
That led the way for first-quarter boosts of 14 percent in racquet units sold and a 12-percent rise in dollars spent over the same period in 2011, according to the survey.
The industry analysis firm surveys updating and replacement of equipment on a monthly basis through sales figures from US shops and the growth came despite worrying overall numbers, US economic growth slowing to 2.2 percent in the first quarter of 2012.