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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...

Dick's SG's Q1 Comps Miss Plan
Dick's Sporting Goods, Inc. reported a modest gain in first-quarter earnings, in line with expectations. Adjusted for the shifted calendar due to the 53rd week in 2012, consolidated same store sales decreased 3.8 percent, compared to its guidance of an approximate 1 to 2 percent decrease. Shifted same store sales in the first quarter of 2013 for Dick's Sporting Goods decreased 3.2 percent and Golf Galaxy sales decreased 11.8 percent...(5/21/2013)

GrindMedia Acquires TransWorld Action Sports Portfolio from Bonnier
GrindMedia acquired TransWorld’s action sports brands from Bonnier Corporation in a deal it said positions it as the clear leader in connecting advertisers and consumers who share the passion and excitement for action sports. The combined business reaches an average monthly audience of more than 30 million outdoor enthusiasts...(5/21/2013)

L.L.Bean Passes Torch to Founder's Great Grandson
L.L.Bean's long-time chairman and former CEO Leon A. Gorman told the company's employees Monday that he is retiring and passing the torch to another descendant of company founder Leon Leonwood Gorman. He will be succeeded by Shawn Gorman, 47, the founder’s great-grandson...(5/21/2013)

Wal-Mart Stores, Target Opt Out of Credit Card Settlement
Wal-Mart Stores Inc., Costco Wholesale Corp. and Starbucks are among 19 major retailers who said they are opting out of a multi-billion dollar class-action settlement with Visa Inc. and Mastercard Inc. over their transaction processing fees... (5/21/2013)

K•Swiss Inc. Acquires OTZ Shoes
E.Land World Ltd and K•Swiss Inc., owner of the K•Swiss and Palladium brands, announced the strategic acquisition of Malibu, CA-based contemporary comfort footwear brand OTZ Shoes Inc. Under the agreement, OTZ Shoes will operate as an independent subsidiary of K•Swiss Inc., with key executives remaining in place. The acquisition marks the first addition to the K•Swiss Inc. company portfolio...(5/20/2013)

EORA Launching First Show in Florida
EORA (Eastern Outdoor Reps Association) is excited to announce they will be hosting an inaugural show in Florida to help its members service Florida retailers that not only specialize in the outdoor market but also the lifestyle and resort markets. More than 66 brands will be exhibited at the inaugural show in Punta Gorda...(5/20/2013)

LaCrosse Footwear Appoints President
LaCrosse Footwear Inc., the parent of Danner and LaCrosse, appointed Robert Sasaki as its new president. Sasaki previously served as a finance director at Nike Inc., where he focused on Asia. Sasaki’s addition to the team is part of a larger investment in USA manufacturing, brand and retail operations, led by new parent company ABC-Mart, INC.... (5/20/2013)

National Retailers Perceive More Regulatory Risk
Retailers are feeling pressure from a heightened regulatory climate. A new BDO USA, LLP analysis of the risk factors listed in the most recent 10-K filings of the largest 100 public U.S. retailers found that federal, state and local regulations have increased as a risk among the nation’s largest retailers...(5/20/2013)



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