Since the autumn of 2014, there has been a steady rise in the number of bankruptcies among Norwegian sporting goods retailers. The number increased from 15 bankruptcies in the first half of 2014, to 23 in the second half of last year, before rising further to 24 in the first half of 2015. In early July of this year, there was yet another bankruptcy reported. The eastern part of the country has been hit hardest, accounting for 60 percent of the closures in the past six months. However, several sporting goods stores that have gone bankrupt in the past 12 months have started up again with new owners.

Topics