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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...

Intrawest Buys Out Blue Mountain Ski Resorts Partner
Intrawest Resorts Holdings, Inc. has agreed to acquire the 50 percent interest in Blue Mountain Ski Resort that it does not already own from Blue Mountain Resorts Holdings Inc. for CAD $58.0 million...(9/12/2014)

Modell’s Jeff Karten Retires
Modell’s Sporting Goods has confirmed that Jeff Karten, its senior buyer for apparel, had retired...(9/12/2014)

EMS Sets Grand Opening for Relocated Stamford Store
Eastern Mountain Sports will celebrate the grand opening of its relocated store in Stamford, CT next week. The 8,144-square-foot store at the Ridgeway Shopping Center will carry kid's products and rent paddle sports gear for the first time...(9/12/2014)

Lululemon Sees Second Quarter Profits Slide
Lululemon Athletica reported second-quarter earnings slid 13.7 percent to $48.8 million, or 33 cents a share, but results exceeded Wall Street's consensus estimate of 33 cents a share. Comps declined 5 percent in constant dollars and gross margins eroded to 50.5 percent for the quarter from 54.0 percent. Lululemon raised its forecast for the year by a penny to $1.72 to $1.77 a share...(9/11/2014)

Vail Resorts Acquires Park City Mountain Resort
Vail Resorts, Inc. has acquired Park City Mountain Resort (PCMR) from Powdr Corp. for $182.5 million in cash in a deal that ends litigation that had threatened to close the iconic luxury resort this season. Vail Resorts immediately folded PCMR into its Epic Pass, which allows skiers access to 22 resorts, including Canyons in Park City, Utah; Vail, Beaver Creek, Breckenridge and Keystone in Colorado; and Heavenly, Northstar and Kirkwood in Tahoe...(9/11/2014)

Sportsman's Warehouse Reports 6.1 Percent Q2 Comps Decline
Sportsman's Warehouse Holdings, Inc. reported net sales increased by 2.3 percent to $159.5 million from $155.9 million in the second quarter as sales of non-hunting gear helped offset the expected decline in firearms and ammunition sales. Same store sales decreased by 6.1 percent and income from operations decreased 23.6 percent to $12.3 million...(9/11/2014)

VF Corp. Taps Nike Exec to Propel Innovation Across Brands
VF Corporation has hired Dan Cherian as Vice President, Global Innovation, Performance Apparel and Footwear to oversee VF’s Global Performance Apparel and Footwear Innovation Centers, where the company focuses on developing game-changing advancements in apparel, footwear and accessories for its 30-plus brands...(9/11/2014)

Brian Anderson Resigns as CEO of Madd Gear
Brian Anderson has resigned as CEO of scooter company Madd Gear North America to pursue other opportunities. Michael Horne, global CEO of Madd Gear Action Sports and the company's Australian founder, has assumed the role of CEO of the North American business... (9/11/2014)



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