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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...

Durant Spurns Under Armour to Return to Nike
According to multiple reports, Nike signed NBA star Kevin Durant to a 10-year contract potentially worth about $350 million. Durant, the NBA's reigning most valuable player, had reportedly reached a tentative deal with Under Armour on a 10-year contract but Nike topped the offer...(9/2/2014)

Luxottica Moving to Dual CEOs in Wake of Guerra's Departure
Luxottica Group S.p.A., which owns the Oakley and Ray-Ban sunglasses brands and Sun Glass Hut, parted ways with CEO Andrea Guerra Monday and unveiled a new management structure based on a co-CEO mode. Under the new model, one CEO focuses on Markets and the other Corporate Functions. Enrico Cavatorta, current general manager and CFO of the Group, was appointed CEO of corporate functions and Interim CEO of Markets, pending the appointment of a permanent executive to this position...(9/2/2014)

Golf Rounds Pick Up in July
According to Golf Datatech, golf rounds played on a national level were up 1.1 percent during July compared to July 2013...(9/2/2014)

Field & Stream to Open at Camp Hill, PA
Field & Stream will open a store at Capital City Mall in Camp Hill, PA...(9/2/2014)

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)



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