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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...

Adidas Promotes Mark King to Lead North America
The Adidas Group has appointed Mark King, who had been TaylorMade-Adidas Golf's CEO, as president of Adidas Group North America effective June 1, 2014. King succeeds Patrik Nilsson, who has decided to leave the company for personal reasons and will take on a new career opportunity in his home country Sweden to become CEO of global premium fashion brand Gant... (4/17/2014)

Musto Partners with Centerstone
Musto, the offshore sailing apparel and accessories brand, is collaborating with CenterStone Technologies, a leader in B2B e-commerce, to launch “Navigate.” Navigate is a customer interface tool that allows sales representatives, distributors and retailers live access...(4/17/2014)

Urban Outfitters Appoints New President Of North America
Urban Outfitters Inc., the parent of the Anthropologie, Bhldn, Free People, Terrain and Urban Outfitters brands, has appointed Trish Donnelly as new president for the Urban Outfitters brand in North America. Donnelly was most recently served as president of Steven Alan and was formerly at J. Crew...(4/17/2014)

Michael Bloomberg to Spend $50 Million on Gun Control Group
Former New York mayor and gun control advocate Michael Bloomberg announced that he will spend $50 million to promote gun control efforts. Bloomberg told The New York Times that he plans on spending $50 million to build a “grass-roots network” to push for more restrictive gun laws. His plan involves the merger of two of the nation’s most well-known gun control groups: Mayors Against Illegal Guns and Moms Demand Action for Gun Sense in America...(4/16/2014)

Amer Sports Gives Wilson Exec Winter, Outdoor & Cycle Brands
Amer Sports said Bill Kirchner, VP-US Sales for Wilson Sporting Goods Co., has been promoted to the VP sales-Americas for Amer Sports. In this new position, Kirchner will add Canada and Latin America to his Wilson brand responsibilities while adding Amer Sports Winter, Outdoor & Cycle brands Salomon, Arc’Teryx, Atomic, Sunnto and Mavic...(4/16/2014)

Nike Partners with USATF
USA Track & Field (USATF) and Nike, Inc. announced an expansion of their partnership that will significantly increase support of USATF programs, athletes and competitive groups. The new partnership marks an ongoing commitment from Nike to the sport in a sponsorship that extends from 2017 through 2040...(4/16/2014)

PrimaLoft Taps Sentemenetes to Spearhead Fabric and Fleece Unit
PrimaLoft, Inc. has hired 30-year textile and apparel industry veteran Chris Sentementes to lead its Performance Fabric and Fleece unit. As business development manager for the unit, Sentemenets will leverage more than 30 years in the industry to increase sales to global outdoor brands, some of which have shifted toward using Merino wool in more of their base and mid-layer apparel in recent years...(4/16/2014)

Sportsman's Warehouse Raises $70MM in its IPO
Sportsman's Warehouse Holdings, Inc. said it expects to raise approximately $70.3 million from its initial public offering after deducting underwriting discounts and commissions and our estimated offering costs, is expected to be approximately $70.3 million. The offering of 12.5 million shares was priced Wednesday at $9.50 per share, below the projected price range of $11.00 to $13.00 a share...(4/16/2014)



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