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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.


The Latest News...

Finish Line Lowers FY Guidance on Q3 Shortfall
The Finish Line, Inc. lowered its guidance for the year as margin pressure led it to miss third-quarter earnings forecasts. Excluding non-recurring items, the company showed a loss of 2 cents a share in the quarter ended Nov. 29, far short of Wall Street's consensus estimate of 11 cents. Finish Line comparable store sales increased 4.5 percent... (12/19/2014)

POC and Volvo to Dem Collision Avoidance System at CES
POC, Volvo and Ericsson will present technology at International CES in Las Vegas Jan. 6-9 that offers proximity alerts to Volvo car drivers and cyclists to prevent collisions responsible for 50,000 cyclist fatalities and injuries in the United States every year...(12/19/2014)

Amazon Prime Launches 1-Hour Delivery Service in Manhattann, Inc. launched Prime Now in select areas of Manhattan in New York City Thursday. The service offers Amazon Prime members free two-hour delivery on tens of thousands of daily essentials through a mobile app. One-hour delivery is available for $7.99. Amazon is expected to roll out Prime Now to other U.S. cities through a growing network of fulfillment centers...(12/19/2014)

Sportsman Brand Apparel Announces New Sales Agency
Sportsman Apparel announces the appointment of Outdoor Marketing Group (OMG) as its new, regional sales agency of record covering the Southeast States effective immediately...(12/19/2014)

Asics Opens Times Square Store
Asics America has opened the doors on its newest retail store in the heart of Times Square. Located on 42nd Street between 6th and 7th Avenue, the Times Square location, with more than 4,000 square feet, is the second Asics storefront in New York City as well as the largest in the United States. One of the most intriguing elements of the store is the newly renovated "Subway car 8394," a retired MTA Subway car...(12/19/2014)

Nike's Q2 Sales Jump 15 Percent
Nike, Inc. reported earnings rose 22.7 percent in the second quarter ended Nov. 30, to $655 million, or 74 cents a share, exceeding Wall Street's consensus estimate of 70 cents. Revenues grew 14.8 percent to $7.38 billion. Nike Brand revenues were up 17 percent on a currency-neutral basis, with growth in every product type, geography and key category, except golf...(12/18/2014)

Athletic, Outdoor Brands Excelling at Fulfillment
Cabela's, Nike and Under Armour were among 10 online retailers that earned spots on the Kurt Salmon Santa’s Good List for Holiday Shipping for speedily delivering multi-unit Cyber Monday orders...(12/18/2014)

Sanuk Founder Jeff Kelly to Transition from Active Role
Sanuk Founder Jeff Kelly is winding down his active involvement with the footwear brand and will be moving on to other projects in 2015, according to Deckers Brands, which acquired Sanuk in 2011. Under president Jake Brandman, Sanuk will continue extending its product line and tapping Deckers resources to develop and executive a more robust omnichannel strategy and evolve into a global lifestyle brand...(12/18/2014)

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