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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...

Under Armour's Q3 Revenues Jump 30 Percent
Under Armour, Inc. reported revenues increased 30 percent in the third quarter to $938 million. Sales grew 26 percent in apparel, 50 percent in footwear, and 32 percent in accessories. Net income increased 22 percent to $89, or 41 cents a share, million, slightly above Wall Street's consensus estimates and the company again raised its guidance for the full year...(10/23/2014)

Cabela's Q3 Profit Climbs Despite Comp Drop
Cabela's Inc. reported that adjusted for certain items, net income in the third quarter increased 18.8 percent to $58.3 million, or 81 cents a share. Cabela's Inc. reported total revenue increased 4.1 percent to $886.0 million as store expansion offset a offset an 11.2 percent comp decline... (10/23/2014)

Jarden Outdoor Solutions Reports Flat Q3 Operationg Margins
Jarden Corp. reported slow growth and flat earnings at its Outdoor Solutions segment, which owns Coleman, K2, Marmot and 24 other sporting goods brands in the third quarter ended Sept. 30 from a the year earlier quarter...(10/23/2014)

Cabela’s Announces Plans for Two New Stores
Cabela’s Inc. plans to open stores in League City, TX; and Lexington, KY... (10/23/2014)

Lululemon Partners with Dalai Lama Center
Lululemon Athletica Inc., synonymous in some quarters with the "corporatization of yoga," got a powerful, albeit implicit endorsement Wednesday from none other than the Dalai Lama. In a presentation following an address by His Holiness at a heart and mind summit, Lululemon CEO Laurent Potdevin announced the apparel company will contribute CAD$250,000 annually over the next three years to support the Dalai Lama Center for Peace + Education. Both the center and Lululemon are based in Vancouver, BC...(10/22/2014)

OIA Appoints Eagle Creek Founder Steve Barker Interim Executive Director
The Outdoor Industry Association board of directors appointed Steve Barker, founder and former owner of Eagle Creek, as interim executive director for the organization, effective immediately. As interim executive director, Steve will provide a stable and consistent leadership presence for OIA staff while the board conducts a national search for a permanent OIA executive director...(10/22/2014)

Skechers Q3 Earnings Soar on 31 Percent Sales Gain
Skechers USA, Inc. reported second-quarter earnings jumped 90.4 percent to $51.1 million, or $1.00 a share. Revenues grew 30.7 percent to $674.3 million compared to $515.8 million for the third quarter of 2013. Revenues increased 18.5 percent in its domestic wholesale business, 60.6 percent in its international wholesale business, and 25.0 percent in its company-owned global retail business... (10/22/2014)

Super Retail Says Outdoor Stores Continue to Struggle
Super Retail Group, which is the largest sporting goods retailer in Australia, reported comparable stores sales at its Sports Retailing business increased 3 percent during the 16-week period ended Oct. 18, but declined 8 percent at its Leisure Retailing business, which sells hunting, fishing, camping, paddling and other outdoor leisure gear through Ray's Sports, FCO and BCF stores...(10/22/2014)

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