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SGB UPDATE

SGB UPDATE is the only continuously updated source for news for the Sporting Goods, Athletic Footwear, and Athletic Apparel markets.  This archive area is updated by our editorial team throughout the day as news breaks in the industry.  The SGB UPDATE newsletter is delivered each business morning via e-mail in either TEXT or HTML format.

Click any of the archive tabs above for more news by category of interest.

All BASIC subscribers can access posted articles free for seven days from publish date.  Once archived, articles can only be accessed with a PREMIUM or an EXECUTIVE subscription.

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The Latest News...

Crocs Cuts Jobs, Closes Stores After Earnings Drop
Crocs, Inc. said it would reverse its strategy Tuesday, saying and focus on profits over growth. The company will trim its product line, close stores, cut back on direct investment overseas and focus on efficiency. The company unveiled the plan while reporting that its revenue climbed 3.6 percent and gross margin fell 150 basis points during the second quarter ended June 30, 2014...(7/22/2014)

Rawlings Appoints Chief Operating Officer
Rawlings Sporting Goods Company, Inc., a subsidiary of Jarden Corporation, named Jeff Fiorini as its chief operating officer...(7/22/2014)

Skechers Signs Kelly Brook as Endorser
Skechers has signed model, actress and television presenter Kelly Brook to appear globally in the footwear company’s multi-platform marketing and social media campaigns through 2015. The British-born star...(7/22/2014)

Dick's SG Relocates Columbus, OH Store
Dick's Sporting Goods will be opening its relocated store this week at Easton Gateway Shopping Center in Columbus, OH...(7/22/2014)

Epoch Lacrosse to Sponsor Guardian National Championship
Epoch Lacrosse has signed on as an official sponsor with the Guardian National Championships. All of the goalies attending the combine/championship style event...(7/22/2014)

Skechers Signs Demi Lovato
Skechers signed Demi Lovato, multi-platinum selling recording artist and actress, to appear in the footwear company’s global marketing and social media campaigns through 2016. Lovato, known for hit singles, “Give Your Heart a Break”, “Heart Attack” and “Neon Lights”, will make her first official appearance...(7/22/2014)

Vasque Renews Partnership for FloydFest 13
Vasque renewed its partnership with FloydFest for its 13th annual music and outdoor adventure festival along the Blue Ridge Parkway near Floyd, VA, July 23 27. This year’s theme is Revolutionary and Vasque is asking attendees to Find Out What’s Within...(7/22/2014)

Newell Rubbermaid to Acquire Ignite USA
Newell Rubbermaid has agreed to acquire Ignite USA, LLC, which makes thermal mugs and hydration bottles under the Contigo and Avex brands, for $308 million from North Castle Partners and its co-investors. Ignite's sales have grown at a CAGR of 35 percent over the last four years and are expected to reach $125 million in 2014. Newell Rubbermaid said it expects the acquisition to be accretive to its normalized EPS in the first year...(7/21/2014)



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