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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...

Garmin's Fitness Sales Soared in Q2
Garmin’s reported sales by its Fitness segment soared 79 percent in the second quarter ended June 28 as consumers snapped up its Vivofit fitness trackers, lower priced Forerunner smartwatches and a new cycling computer. The company lowered its full-year revenue forecast for its Outdoor segment, however, citing lower than expected sales of its Virb action camera...(7/30/2014)

Authentic Brands Group Acquires Collective Licensing International
Authentic Brands Group, LLC, the parent of Prince, Spyder and TapOut, has agreed to acquire certain assets of Collective Licensing International, LLC, including Airwalk, Hind, Vision Street Wear, and Above The Rim. Terms were not disclosed. Each brand will continue to work with its existing licensees on expanding its US presence and product offering. ABG will move forward with a strategic plan to grow each brand's business internationally...(7/30/2014)

SIA Opens Official Room Block for 2015 Snow Show
SnowSports Industries America (SIA) has opened the 2015 SIA Snow Show official hotel blocks. SIA Snow Show hotel reservations can be made online at...(7/30/2014)

Sturm, Ruger's Q2 Revenues Slump
Sturm, Ruger & Company, Inc. reported second-quarter sales decreased 14 percent due to a reduction in demand for firearms and accessories. Earnings decreased 31 percent...(7/30/2014)

Timberland Launches Serv-a-palooza Challenge
Timberland announced the "call for entries" for its inaugural Timberland Serv-a-palooza Challenge a sponsored volunteerism competition the brand is hosting in partnership with CrowdRise. The six-week Challenge will encourage consumers to volunteer for a cause of their choice for chances to win prizes for themselves, as well as big donations...(7/30/2014)

June Golf Rounds Decline
According to Golf Datatech, golf rounds played in the U.S. during June were down 2.8 percent compared to June 2013. The biggest regional decline came in South Central, down 8.0 percent...(7/30/2014)

Kids Foot Locker Partners with Boys & Girls Clubs of America
The Kids Foot Locker Foundation and Boys & Girls Clubs of America (BGCA) announced a national partnership encouraging kids to engage in an active lifestyle...(7/30/2014)

Luxfer Completes Acquisition of Truetech, Innotech
Luxfer Holdings PLC has completed the acquisition of Truetech Inc. and Innotech Products Ltd. for an estimated payment of $64 million. The companies produce magnesium-based heating pads for self-heating meals and beverages used by the military and outdoor enthusiasts...(7/30/2014)



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