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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...

Amer Sports Says Exchange Rates Offset First Quarter Sales Growth
Amer Sports reported net sales increased 6 percent currency-neutral in the quarter ended March 30, but said earnings before income taxes fell nearly 22 percent as the euro continued to rise against other currencies. The Finnish company said a mild winter in Europe hurt cross country sales and that a fall in the value of the Russian currency hurt margins...(4/24/2014)

Cabela's Hits Q1 Earnings Guidance Amid Plummeting Gun and Ammo Sales
Cabela's Inc. said its first quarter profits met forecast after an anticipated, double-digit decline in same-store sales on the anniversary of last year's surge in gun and ammo sales. Despite the sharp decline, the retailer reported that the 14 new stores it opened during the trailing 12 months averaged $497 in sales per square foot and that it's plans to add one million square feet per year of new retail showroom per year remain intact...(4/24/2014)

REI Report Shows Scrutiny of Apparel Factories Grew in 2013
Instances of non-compliance with REI’s Factory Code of Conduct quadrupled in 2013 as it doubled the number of visits to its factories and auditors heightened their scrutiny of safety and evacuation procedures in the wake of the Bangladeshi and Pakistani factory disasters of recent years. REI disclosed the findings in its 2013 Stewardship Report, which demonstrates all the work outdoor brands are doing to promote more sustainable practices overseas...(4/24/2014)

Under Armour Lifts FY Guidance on Strong Q1
Under Armour, Inc.'s net revenues jumped 36.0 percent in the first quarter of 2014 to $642 million, representing a sixteenth straight quarter of at least 20 percent top-line growth. Net income surged 73.3 percent in the first quarter of 2014 to $13.5 million, or 6 cents a share, exceeding Wall Street's consensus estimate of 4 cents a share. UA also slightly raised its outlook for the year... (4/24/2014)

Deckers Q1 Revenues Climb 11.7 Percent
Deckers Outdoor Corp. reported sales increased 11.7 percent in its three-month transition period ended Mar. 31, to $294.7 million, led by a 15.8 percent gain for Ugg. Deckers showed a loss of $2.7 million, or 8 cents a share, better than the company's forecast calling for a loss of 16 cents a share...(4/24/2014)

Delta Apparel Sees Q2 Revenue Slide
Delta Apparel, Inc. reported that for its fiscal 2014 second quarter ended Mar. 29, 2014, net sales were $114.5 million versus $120.1 million for the comparable 2013 period. The 5 percent sales decline was due primarily to unseasonably cold weather throughout the country and the weak retail environment prevailing for most of the quarter...(4/24/2014)

Investor Group led by Bernard Mariette Purchases Lolė Parent
A group of strategic and financial investors led by Bernard Mariette, CEO & President of Coalision Inc., have purchased a majority interest in Coalision from Kilmer Capital Partners. This investment will enable Coalision's growing activewear brand Lolė to expand its retail and web business internationally as well as its global wholesale business...(4/24/2014)

Under Armour Opens First Store in Manhattan
Under Armour opened the doors of its newest specialty retail location today at 583 Broadway in the SoHo neighborhood of New York City. With a focus on cutting-edge products and design, the SoHo Brand House is Under Armour's largest retail store to date...(4/24/2014)



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