2022 outdoor gear industry sales decline to $27.5B from $29.2B in 2021, with independent specialty shops experiencing a 3% sales drop.

The outdoor gear industry is experiencing challenges after unprecedented pandemic growth, as indicated by declining sales, from $29.2B in 2021 to $27.5B in 2022. Independent specialty shops have been hit the hardest, with a 3% sales decline in 2022. The outdoor retail sector's rapid growth during the pandemic has led to increased competition and pressures on independent stores.