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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...

Allied’s U.S. Down Processing Facility Receives RDS Certification
Allied Feather & Down, supplier and processor of down to the outdoor and home markets, has completed the audit and certification process of the Textile Exchange Responsible Down Standard (RDS) for its processing plant in Montebello, California...(8/29/2014)

L.L. Bean Best in Customer Service for July
L.L. Bean provided a level of customer service across all channels in July that was among the best in the U.S. For the third month in 2014, L.L. Bean has topped the overall customer service rankings in Stella Benchmarks...(8/29/2014)

L.L. Bean to Close Bangor Call Center in 2016
L.L. Bean plans to close its call center in Bangor, ME in 2016. The reason given was a steep decline in the number of telephone orders and a rise in the number of online orders...(8/29/2014)

Scheels Pledges $1MM for the Minnesota State University Moorhead
Scheels All Sports has pledged a million dollars to Minnesota State University-Moorhead in exchange for the naming rights of its football field. The pledge comes as part of a fundraising challenge tied to the inauguration of MSUM Pres. Anne Blackhurst...(8/29/2014)

NRF Taps New VP Retail Programs
The National Retail Federation (NRF) has hired Mary Heitman as VP of retail programs...(8/29/2014)

Billabong Reports $233.7 Million Loss for Fiscal 2014
Billabong International Limited lost $233.7 million in the fiscal year ended June 30 compared with a loss of $859.5 million in fiscal 2013, but has resumed growing in the United States for the first time in years, the company reported...(8/28/2014)

FIFA and US Soccer Organizations Sued Over Concussion Policies
A class action complaint on behalf of current and former soccer players has been filed against the FIFA, the sport's international governing body, along with other U.S.-based soccer associations, for the alleged failure to adopt effective policies to evaluate and manage concussions...(8/28/2014)

Genesco Cuts FY Guidance on Weak Q2
Citing weakness at its Lids Sports Group, Genesco Inc. reported earnings on an adjusted basis fell 39.4 percent in the second quarter. It also sharply reduced its EPS guidance for the year due to continued erosion at Lids for the balance of the year. Comps in the second quarter increased 2 percent with a 5 percent increase in the Journeys Group offsetting a 2 percent decrease in the Lids Sports Group...(8/28/2014)



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