The problem is they are only tracking gear sales from the traditional manufacturers selling through the traditional outlets. I suspect they aren’t tracking the small vendors that many of us buy from. Maybe Millennials have discovered the “Ray Way” or some other flavor of UL coolaid and are now buying direct from TarpTent, Zpacks, etc, and improving their “experience” by being set free from being a beast of burden on the trail. I spend $400 to $1200 on backpacking/hiking related gear every year. REI and other traditional outlets only see maybe $100 or so of that.

