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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...

ATK Sports Group Organic Sales Up 13 Percent in Q2
ATK reported its Sporting Group, which owns the Savage and Bushnell firearms brands, delivered 13 percent organic sales growth and an increase of 50 percent organic operating profit in the second quarter ended June 29, compared with the second quarter ended June 30, 2013...(8/1/2014)

Loudmouth Gold Opens DC in China
Loudmouth Golf international distribution center is now open for business in China. The distribution center will initially serve eCommerce customers and within the coming months, provide merchandise for retail outlets across the country.(8/1/2014)

Zamst Partners With Area Code Baseball
Zamst announced a nationwide sponsorship with Area Code Baseball to be the official bracing/supports brand. As part of the sponsorship, Zamst will provide sport-specific products at Area Code events, in addition to injury prevention and rehab seminars, print and marketing activities...(8/1/2014)

Adidas Issues Profit Warning As Golf Sales Plunge, Russia Outlook Worsens
Adidas AG will not meet 2015 financial targets due to a freefall in global golf sales and the souring outlook in Russia. The company reported Thursday that second quarter sales increased 10 percent on a currency-neutral basis, driven by 14 percent growth at Adidas and 9 percent growth at Reebok, but that sales declined 18 percent at TaylorMade-Adidas Golf. Exchange rates shaved 7 percentage points off sales during the quarter...(7/31/2014)

Smith Optics Parent Reports Strong Growth in Sports Eyewear
Safilo Group S.p.A. reported sales of its Sports products, which include sunglasses and goggles made by Smith Optics, increased 18.5 percent in the second quarter, or 24.2 in currency neutral terms...(7/31/2014)

Cramer Products Announces Retirement of CEO Tom Rogge
Cramer Products, a leader in sports medicine and physical education products, announced the retirement of Thomas K. Rogge, president and chief executive officer, effective Sept. 30, 2014, and the appointment of Robert Mogolov to the position of general manager, effective Aug. 25, 2014...(7/31/2014)

Gildan Activewear's Q3 Earnings Flat
Gildan Activewear reported sales in the third quarter amounted to $693.8 million, up 12.9 percent from the year-ago quater. Net earnings were basically flat at $116.0 million, or 94 cents per share, compared with net earnings of $115.8 million, or 94 cents, for the third quarter of fiscal 2013. Gildan said quarterly results were impacted by transitional manufacturing inefficiencies and capacity constraints to fully service sales demand in its branded apparel...(7/31/2014)

GoPro's Q2 Revenues Leap 38 Percent
GoPro Inc. reported revenue for the second quarter was $244.6 million, up 38.1 percent compared to the $177.1 million reported in the second quarter of 2013...(7/31/2014)



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