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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...

Foot Locker's Q1 Comps Grow 5.2 Percent
Foot Locker, Inc. reported net income increased 7.8 percent in the first quarter ended May 4, to $138 million, or 90 cents per share. Excluding costs related to its acquisition of Runners Point Group, profits were up 10 percent. Sales increased 3.8 percent, to $1.64 billion. First quarter comparable-store sales climbed 5.2 percent...(5/24/2013)

Hibbett Sports First Quarter Sales Rise 3.0 Percent
Hibbett Sports, Inc. reported net sales increased 3.0 percent to $240.0 million for the first quarter ended May 4, compared with the 13-week period ended April 28, 2012. Comparable store sales increased 0.8 percent, compared with 11.1 percent in the year earlier quarter...(5/24/2013)

OIA: House Proposal Would Gut Spending on Public Lands
Outdoor Industry Association (OIA) urged its members Friday to call their Congressional delegation to voice over a House budget proposal it said would devastate the nation’s public lands and risk billions of dollars in economic activity they generate...(5/24/2013)

Quiksilver Names New Wholesale, Retail and Marketing Chiefs
Quiksilver, Inc. said it substantially completed a major overhaul of its C-Suite Friday by hiring senior executives to head North American wholesale sales, North American retail and e-commerce and global marketing...(5/24/2013)

Yue Yuen's Q1 Profits Slide
Yue Yuen Industrial Holdings Ltd. reported first-quarter revenues inched ahead 0.5 percent to $1.71 billion. Earnings fell 53.1 percent to $55.7 million from $118.7 million...(5/24/2013)

Sport Chalet's Q4 Comps Surge on Strong Team, Online Sales
Sport Chalet, Inc. reported year-to-year comparable store sales growth of 6.8 percent for the fourth quarter ended March 31, enabling it to post its first fiscal year of comp growth since 2007. Revenue grew 23.1 percent at the Team Sales Division and 23.1 percent online...(5/23/2013)

Bogs Footwear Appoints VP of Product
Bogs Footwear has tapped Kelly Wallrich, former VP of product at Keen Footwear, as its new VP of product. She will oversee product design, development and product marketing...(5/23/2013)

Running Specialty Group Acquires Six-Store BlueMile Chain
Running Specialty Group (RSG), which is a joint venture between Finish Line and Gart Capital Partners, Ltd., has acquired six BlueMile running stores to bring the total number of stores in its portfolio to 35... (5/23/2013)



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